⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ABSLAMC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | ABSLAMC | Market Cap | 22,467 Cr. | Current Price | 778 ₹ | High / Low | 912 ₹ |
| Stock P/E | 21.9 | Book Value | 123 ₹ | Dividend Yield | 3.10 % | ROCE | 35.5 % |
| ROE | 27.0 % | Face Value | 5.00 ₹ | DMA 50 | 787 ₹ | DMA 200 | 775 ₹ |
| Chg in FII Hold | -0.13 % | Chg in DII Hold | 0.49 % | PAT Qtr | 274 Cr. | PAT Prev Qtr | 245 Cr. |
| RSI | 40.1 | MACD | -6.58 | Volume | 1,25,313 | Avg Vol 1Wk | 2,69,302 |
| Low price | 556 ₹ | High price | 912 ₹ | PEG Ratio | 1.84 | Debt to equity | 0.02 |
| 52w Index | 62.4 % | Qtr Profit Var | 23.4 % | EPS | 35.4 ₹ | Industry PE | 25.3 |
📊 Technical Analysis
- Chart Patterns: Current price (778 ₹) is slightly above 200 DMA (775 ₹) but below 50 DMA (787 ₹), indicating sideways consolidation with mild weakness.
- RSI (40.1): Neutral-to-weak zone, suggesting limited momentum and leaning towards oversold conditions.
- MACD (-6.58): Negative crossover, confirming short-term bearish bias.
- Bollinger Bands: Price near lower band, indicating oversold conditions with potential for a short-term bounce.
- Volume Trends: Current volume (1.25L) is below 1-week average (2.69L), reflecting weak participation and lack of conviction.
📈 Momentum & Signals
- Trend: Consolidation with mild bearish bias.
- Support Zones: 770 ₹ (near-term support), 750 ₹ (psychological level), 720 ₹ (major support).
- Resistance Zones: 787 ₹ (50 DMA), 800 ₹ (psychological resistance), 912 ₹ (52-week high).
- Entry Zone: 770–780 ₹ for cautious accumulation.
- Exit Zone: 800–820 ₹ unless breakout above 912 ₹ occurs.
✅ Positive
- Quarterly PAT improved to 274 Cr. from 245 Cr. (+23.4%).
- Strong ROCE (35.5%) and ROE (27.0%) highlight excellent efficiency.
- DII holding increased (+0.49%), showing domestic institutional support.
- Dividend yield of 3.10% provides attractive income appeal.
⚠️ Limitation
- Stock trading below 50 DMA, showing weak short-term momentum.
- P/E (21.9) is slightly below industry average (25.3), but valuation remains sensitive to earnings growth.
- Volume participation is weak, reducing conviction in rallies.
📉 Company Negative News
- FII holding decreased (–0.13%), showing reduced foreign investor confidence.
- RSI weak and MACD negative, confirming bearish technical signals.
📈 Company Positive News
- Quarterly profit growth highlights operational strength.
- Dividend yield of 3.10% adds investor appeal.
- DII support increased (+0.49%), balancing FII outflows.
🏭 Industry
- Industry P/E at 25.3 is slightly higher, highlighting ABSLAMC’s fair valuation.
- Asset management sector benefits from rising retail participation and long-term financialization of savings.
🔎 Conclusion
- Stock is in consolidation with mild bearish bias.
- RSI weak and MACD negative suggest caution; momentum remains subdued.
- Best strategy: Buy near 770–780 ₹ with stop-loss below 750 ₹.
- Upside potential towards 800–820 ₹ if momentum sustains and breakout above 912 ₹ occurs.