TECHNOE - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.6
| Stock Code | TECHNOE | Market Cap | 12,356 Cr. | Current Price | 1,062 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 26.9 | Book Value | 336 ₹ | Dividend Yield | 0.85 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,061 ₹ | DMA 200 | 1,226 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.43 % | PAT Qtr | 123 Cr. | PAT Prev Qtr | 98.2 Cr. |
| RSI | 60.2 | MACD | -15.2 | Volume | 1,55,149 | Avg Vol 1Wk | 3,93,898 |
| Low price | 785 ₹ | High price | 1,655 ₹ | PEG Ratio | 1.96 | Debt to equity | 0.01 |
| 52w Index | 31.8 % | Qtr Profit Var | 36.6 % | EPS | 41.6 ₹ | Industry PE | 17.4 |
📊 TECHNOE has strong fundamentals with low debt, healthy EPS, and consistent profit growth. However, the stock trades at a premium compared to industry PE, faces weak momentum signals, and shows declining FII interest. It is a moderately good candidate for swing trading but requires cautious entry.
✅ Optimal Entry Price: Around 1,030–1,050 ₹ (near 50 DMA support)
🚪 Exit Strategy: If already holding, consider exiting near 1,180–1,200 ₹ (resistance zone close to 200 DMA).
Positive
- EPS of 41.6 ₹ indicates strong earnings power.
- Low debt-to-equity (0.01) ensures financial stability.
- Quarterly PAT growth (123 Cr vs 98.2 Cr) shows improvement.
- ROCE (16.6%) and ROE (12.9%) reflect decent efficiency.
- Book value of 336 ₹ provides valuation support.
Limitation
- Stock P/E (26.9) is higher than industry PE (17.4), suggesting overvaluation.
- Price below 200 DMA (1,226 ₹) signals medium-term weakness.
- MACD negative (-15.2) indicates bearish momentum.
- RSI at 60.2 is near overbought territory, limiting upside.
- Trading volume lower than weekly average, showing reduced participation.
Company Negative News
- Decline in FII holdings (-0.69%) reflects reduced foreign investor confidence.
- Stock has corrected significantly from 52-week high of 1,655 ₹.
Company Positive News
- Quarterly profit variation of 36.6% shows strong growth momentum.
- DII holdings increased (+0.43%), indicating domestic institutional support.
- Dividend yield of 0.85% adds minor investor appeal.
Industry
- Industry PE at 17.4 is lower, suggesting TECHNOE trades at a premium.
- Engineering and technology sector remains in demand with infrastructure and industrial growth.
Conclusion
⚖️ TECHNOE is a fundamentally sound company with strong earnings and low debt, but technical indicators show weakness. For swing trading, entry near 1,030–1,050 ₹ offers a safer risk-reward setup, with exit near 1,180–1,200 ₹. Caution is advised due to bearish momentum and premium valuation.