MANYAVAR - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 2.7
| Stock Code | MANYAVAR | Market Cap | 8,719 Cr. | Current Price | 359 ₹ | High / Low | 850 ₹ |
| Stock P/E | 24.1 | Book Value | 70.8 ₹ | Dividend Yield | 2.23 % | ROCE | 25.9 % |
| ROE | 22.3 % | Face Value | 1.00 ₹ | DMA 50 | 440 ₹ | DMA 200 | 623 ₹ |
| Chg in FII Hold | -0.47 % | Chg in DII Hold | 1.05 % | PAT Qtr | 135 Cr. | PAT Prev Qtr | 56.1 Cr. |
| RSI | 34.4 | MACD | -29.8 | Volume | 8,13,657 | Avg Vol 1Wk | 8,43,759 |
| Low price | 329 ₹ | High price | 850 ₹ | PEG Ratio | 3.21 | Debt to equity | 0.27 |
| 52w Index | 5.75 % | Qtr Profit Var | -14.6 % | EPS | 14.9 ₹ | Industry PE | 25.5 |
📊 MANYAVAR currently shows weak potential for swing trading. The RSI at 34.4 indicates oversold conditions, which could trigger a short-term bounce. However, the MACD is sharply negative (-29.8), and the stock is trading well below both its 50 DMA (440 ₹) and 200 DMA (623 ₹), reflecting strong bearish momentum. Valuation is moderate (P/E 24.1 vs industry 25.5), but quarterly profits declined (135 Cr. vs 56.1 Cr. previously, down 14.6%). Institutional activity is mixed, with FIIs reducing holdings (-0.47%) and DIIs increasing (+1.05%). Overall, this is a risky swing candidate.
💡 Optimal Entry Price: Around 340–350 ₹ (near support zone).
📈 Exit Strategy if Holding: Consider exiting near 430–440 ₹ (close to 50 DMA resistance) unless momentum improves.
Positive
- Strong ROCE (25.9%) and ROE (22.3%) show efficient capital use.
- Dividend yield of 2.23% provides shareholder returns.
- DII holdings increased (+1.05%), showing domestic institutional support.
Limitation
- Stock trading well below DMA 50 and DMA 200, showing bearish technicals.
- Quarterly PAT declined by 14.6%, reflecting earnings pressure.
- PEG ratio of 3.21 suggests limited growth-adjusted value.
Company Negative News
- FII holdings reduced (-0.47%), indicating lower foreign investor confidence.
- Weak 52-week performance (Index only 5.75%).
Company Positive News
- Dividend yield of 2.23% supports investor returns.
- DII holdings increased (+1.05%), showing domestic confidence.
Industry
- Industry P/E at 25.5 is slightly higher than MANYAVAR’s, suggesting fair valuation.
- Sector remains stable but valuations are stretched for premium players.
Conclusion
⚖️ MANYAVAR is fundamentally strong with good efficiency and dividend yield, but technically weak and facing earnings pressure. A cautious swing trade may be possible if entered near 340–350 ₹ with an exit around 430–440 ₹. Risk management is essential due to bearish momentum and declining profits.