3MINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.5
| Stock Code | 3MINDIA | Market Cap | 37,145 Cr. | Current Price | 32,980 ₹ | High / Low | 38,300 ₹ |
| Stock P/E | 113 | Book Value | 1,430 ₹ | Dividend Yield | 0.49 % | ROCE | 38.2 % |
| ROE | 23.8 % | Face Value | 10.0 ₹ | DMA 50 | 34,784 ₹ | DMA 200 | 33,137 ₹ |
| Chg in FII Hold | 0.07 % | Chg in DII Hold | 0.27 % | PAT Qtr | -113 Cr. | PAT Prev Qtr | 191 Cr. |
| RSI | 38.3 | MACD | -691 | Volume | 8,691 | Avg Vol 1Wk | 7,604 |
| Low price | 26,800 ₹ | High price | 38,300 ₹ | PEG Ratio | 5.26 | Debt to equity | 0.06 |
| 52w Index | 53.7 % | Qtr Profit Var | -199 % | EPS | 336 ₹ | Industry PE | 23.7 |
📉 Chart & Trend: Current price (32,980 ₹) is below both 50 DMA (34,784 ₹) and 200 DMA (33,137 ₹), indicating weakness and bearish bias.
📊 RSI: At 38.3, RSI is oversold, suggesting weak buying strength but potential for a short-term bounce.
📉 MACD: Strongly negative (-691), confirming bearish momentum.
📈 Bollinger Bands: Price is near the lower band, signaling oversold conditions but no confirmed reversal yet.
📉 Volume: Current volume (8,691) is slightly above 1-week average (7,604), showing mild participation but not strong accumulation.
📍 Support Levels: 32,500 ₹ (near-term), 31,000 ₹ (major support), 26,800 ₹ (long-term support).
📍 Resistance Levels: 34,000 ₹ (near-term), 35,500 ₹ (strong resistance), 38,300 ₹ (52-week high).
🔎 Momentum Signal: Weak short-term momentum, oversold but still bearish.
📌 Trend Status: Consolidating with risk of reversal if support breaks.
Positive
- Strong ROCE (38.2%) and ROE (23.8%) indicate efficient capital use.
- Low debt-to-equity ratio (0.06) ensures financial stability.
- EPS of 336 ₹ reflects strong long-term earnings power.
Limitation
- Very high P/E (113) compared to industry average (23.7).
- Dividend yield is low (0.49%), offering limited income support.
- PEG ratio (5.26) indicates overvaluation relative to growth.
Company Negative News
- Quarterly profit dropped sharply from 191 Cr. to -113 Cr. (loss), showing weak earnings momentum.
- Qtr profit variation at -199% highlights severe volatility.
Company Positive News
- FII holding increased (+0.07%), showing slight foreign investor confidence.
- DII holding increased (+0.27%), reflecting domestic institutional support.
Industry
- Industry P/E at 23.7 is much lower than company valuation, highlighting overvaluation risk.
- Sector remains stable, but company-specific earnings weakness is a concern.
Conclusion
⚠️ The stock is consolidating with bearish signals (negative MACD, oversold RSI, below DMA). Entry is only favorable near strong support zones (31,000–32,500 ₹) with strict stop-loss at 30,500 ₹. Exit zones lie around 34,000–35,500 ₹ if momentum recovers. Fundamentals show strong efficiency ratios but recent earnings collapse raises caution. Short-term traders should wait for confirmation signals before entry; long-term investors may avoid until earnings stabilize.