WAAREEENER - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 4.1
| Stock Code | WAAREEENER | Market Cap | 90,738 Cr. | Current Price | 3,156 ₹ | High / Low | 3,865 ₹ |
| Stock P/E | 25.0 | Book Value | 391 ₹ | Dividend Yield | 0.06 % | ROCE | 34.0 % |
| ROE | 26.3 % | Face Value | 10.0 ₹ | DMA 50 | 2,867 ₹ | DMA 200 | 2,945 ₹ |
| Chg in FII Hold | 0.56 % | Chg in DII Hold | 0.04 % | PAT Qtr | 1,226 Cr. | PAT Prev Qtr | 1,160 Cr. |
| RSI | 67.3 | MACD | 27.6 | Volume | 38,46,692 | Avg Vol 1Wk | 42,84,249 |
| Low price | 1,809 ₹ | High price | 3,865 ₹ | PEG Ratio | 0.13 | Debt to equity | 0.19 |
| 52w Index | 65.5 % | Qtr Profit Var | 160 % | EPS | 119 ₹ | Industry PE | 23.4 |
📊 WAAREEENER shows strong potential for swing trading. The RSI at 67.3 indicates the stock is approaching overbought territory, but the MACD is positive (27.6), reflecting bullish momentum. The stock is trading above both its 50 DMA (2,867 ₹) and 200 DMA (2,945 ₹), showing technical strength. Valuation is reasonable (P/E 25 vs industry 23.4), and fundamentals are robust with ROCE at 34% and ROE at 26.3%. Quarterly profits improved (1,226 Cr. vs 1,160 Cr.), and institutional activity is positive with FII (+0.56%) and DII (+0.04%) increases. Overall, this is a strong swing candidate with upside potential.
💡 Optimal Entry Price: Around 3,050–3,100 ₹ (near support zone above DMA 50).
📈 Exit Strategy if Holding: Consider exiting near 3,800–3,850 ₹ (recent high resistance zone).
Positive
- Strong ROCE (34%) and ROE (26.3%) show excellent efficiency.
- Valuation is fair compared to industry (P/E 25 vs 23.4).
- Quarterly PAT growth (1,226 Cr. vs 1,160 Cr.).
- Stock trading above DMA 50 and DMA 200, showing bullish technicals.
Limitation
- RSI at 67.3 indicates near overbought levels.
- Dividend yield is very low (0.06%).
- PEG ratio at 0.13 suggests limited growth-adjusted valuation.
Company Negative News
- Dividend yield remains negligible, limiting investor returns.
Company Positive News
- Quarterly profits improved steadily.
- FII holdings increased (+0.56%), showing foreign investor confidence.
- DII holdings also increased (+0.04%), adding domestic support.
Industry
- Industry P/E at 23.4 is close to WAAREEENER’s, suggesting fair valuation.
- Renewable energy sector remains strong with high growth potential.
Conclusion
⚖️ WAAREEENER is fundamentally strong and technically bullish, making it a good swing trade candidate. Entry near 3,050–3,100 ₹ with an exit around 3,800–3,850 ₹ is advisable. Caution is needed as RSI indicates near overbought levels, but momentum and fundamentals support upside potential.