TECHNOE - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.7
| Stock Code | TECHNOE | Market Cap | 12,765 Cr. | Current Price | 1,095 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 25.2 | Book Value | 336 ₹ | Dividend Yield | 0.82 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,097 ₹ | DMA 200 | 1,196 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.43 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 123 Cr. |
| RSI | 49.0 | MACD | 4.71 | Volume | 2,13,288 | Avg Vol 1Wk | 2,71,449 |
| Low price | 785 ₹ | High price | 1,655 ₹ | PEG Ratio | 1.83 | Debt to equity | 0.01 |
| 52w Index | 35.7 % | Qtr Profit Var | 45.2 % | EPS | 45.7 ₹ | Industry PE | 15.5 |
📊 TECHNOE shows decent potential for swing trading. The fundamentals are solid with positive EPS (45.7 ₹), strong ROE (12.9%), and low debt-to-equity (0.01). Technical indicators are supportive: RSI at 49 indicates neutral momentum, while MACD (4.71) suggests a bullish crossover. The current price (1,095 ₹) is slightly below the 50 DMA (1,097 ₹) and well below the 200 DMA (1,196 ₹), which means the stock is consolidating near support levels.
✅ Optimal Entry Price: Around 1,080–1,100 ₹ (near 50 DMA support).
🚪 Exit Strategy: If already holding, consider exiting near 1,190–1,200 ₹ (200 DMA resistance) unless strong breakout occurs.
🌟 Positive
- EPS of 45.7 ₹ indicates strong profitability.
- Quarterly PAT improved from 123 Cr. to 152 Cr. (45.2% growth).
- Low debt-to-equity ratio (0.01) shows financial strength.
- PEG ratio of 1.83 suggests reasonable valuation relative to growth.
⚠️ Limitation
- Stock trades below 200 DMA, indicating medium-term weakness.
- FII holdings decreased by -0.69%, showing reduced foreign interest.
- Dividend yield is modest at 0.82%, not highly attractive for income investors.
📰 Company Negative News
- Slight decline in foreign institutional investor confidence.
- Stock has corrected significantly from its high of 1,655 ₹.
📈 Company Positive News
- Quarterly profits have shown strong improvement (45.2% growth).
- DII holdings increased by 0.43%, reflecting domestic support.
- Strong book value of 336 ₹ provides cushion against downside risk.
🏭 Industry
- Industry PE is 15.5, lower than TECHNOE’s PE of 25.2, suggesting the stock is relatively expensive compared to peers.
- Sector outlook remains positive with demand for engineering and technology services.
🔎 Conclusion
TECHNOE is a moderately strong candidate for swing trading. Fundamentals are healthy, and technical indicators show signs of recovery. Traders may enter near 1,080–1,100 ₹ with a short-term target of 1,190–1,200 ₹. Risk management is advised, as the stock remains below its 200 DMA, but improving quarterly performance adds confidence for a potential rebound.