MANYAVAR - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 2.8

📊 Analysis Summary

Manyavar (Vedant Fashions Ltd) is currently in a technical downtrend despite strong fundamentals and improving quarterly profits. The stock is trading well below its moving averages and has weak momentum indicators, making it a cautious swing trade candidate unless a reversal signal emerges.

✅ Strengths

ROCE: 30.7% & ROE: 26.7%

Excellent return metrics — strong operational efficiency.

Quarterly PAT Growth: +7% (₹62.5 Cr → ₹66.9 Cr)

Positive earnings momentum.

PEG Ratio: 0.99

Fairly valued for its growth — not overpriced.

EPS: ₹16.6 vs Industry PE: 47.6

Competitive earnings in its sector.

DII Holding ↑ 0.51%

Domestic institutions showing mild confidence.

⚠️ Weaknesses

RSI: 34.9 & MACD: –6.39

Weak momentum — no signs of reversal yet.

Trading Below DMA 50 & 200 (₹794 & ₹922)

Bearish technical setup — trend is negative.

Volume: 1.23L vs Avg 1.41L

Low participation — weak conviction.

FII Holding ↓ 0.26%

Foreign investors reducing exposure.

Book Value: ₹62.9 vs CMP ₹754

High premium — not attractive for value entry.

52W Index: 5.98%

Near yearly low — poor relative strength.

🎯 Optimal Entry Price

Entry Zone: ₹720–₹740

Near support zone — only enter if RSI rises above 45 and MACD flattens.

Confirmation Needed: Look for volume spike and MACD crossover before entry.

🚪 Exit Strategy (If Already Holding)

Exit Target: ₹790–₹810

Near DMA 50 — good level to book profits on bounce.

Stop Loss: ₹705

Below recent low — protects against further downside.

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