ADANIPORTS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | ADANIPORTS | Market Cap | 3,14,629 Cr. | Current Price | 1,365 ₹ | High / Low | 1,584 ₹ |
| Stock P/E | 158 | Book Value | 130 ₹ | Dividend Yield | 0.51 % | ROCE | 8.85 % |
| ROE | 9.73 % | Face Value | 2.00 ₹ | DMA 50 | 1,456 ₹ | DMA 200 | 1,424 ₹ |
| Chg in FII Hold | -0.51 % | Chg in DII Hold | -1.14 % | PAT Qtr | 336 Cr. | PAT Prev Qtr | 449 Cr. |
| RSI | 38.9 | MACD | -35.7 | Volume | 43,05,629 | Avg Vol 1Wk | 30,41,615 |
| Low price | 1,041 ₹ | High price | 1,584 ₹ | PEG Ratio | 2.29 | Debt to equity | 1.92 |
| 52w Index | 59.7 % | Qtr Profit Var | -17.8 % | EPS | 8.90 ₹ | Industry PE | 21.3 |
📊 Chart Analysis: Current price ₹1,365 is below both 50 DMA (₹1,456) and 200 DMA (₹1,424), signaling weakness. RSI at 38.9 indicates weak momentum, nearing oversold territory. MACD at -35.7 confirms bearish bias. Bollinger Bands suggest price is leaning towards the lower band, reflecting selling pressure. Volume (43,05,629) is higher than the 1-week average (30,41,615), indicating strong activity, possibly distribution.
📈 Momentum Signals: Short-term momentum is negative. Support levels are at ₹1,340 and stronger at ₹1,300. Resistance zones are around ₹1,450–₹1,480 and ₹1,584. Optimal entry could be near ₹1,340–₹1,365 if support holds, while exit zones are around ₹1,450–₹1,480.
🔄 Trend Status: The stock is reversing from a downtrend and may attempt consolidation if support levels hold. Oversold RSI suggests potential for a short-term rebound.
Positive
- Large market cap of ₹3,14,629 Cr. provides strong stability.
- Dividend yield of 0.51% offers investor returns.
- EPS at ₹8.90 reflects consistent earnings base.
Limitation
- Current price below both 50 DMA and 200 DMA indicates weak momentum.
- Extremely high P/E ratio (158) compared to industry average (21.3).
- High debt-to-equity ratio (1.92) raises concerns about leverage.
- ROCE (8.85%) and ROE (9.73%) are weak efficiency metrics.
Company Negative News
- Quarterly PAT declined from ₹449 Cr. to ₹336 Cr. (-17.8%).
- FII holding decreased (-0.51%) and DII holding decreased (-1.14%), showing reduced institutional confidence.
Company Positive News
- Dividend yield of 0.51% provides some investor returns.
- EPS at ₹8.90 reflects earnings consistency despite profit decline.
Industry
- Industry P/E at 21.3 highlights sector valuation discipline compared to ADANIPORTS’ stretched multiples.
- Port and logistics sector benefits from trade growth and infrastructure expansion but faces cyclical risks.
Conclusion
⚠️ ADANIPORTS shows weak technical momentum, trading below both 50 DMA and 200 DMA with bearish MACD and near-oversold RSI. Entry is favorable near ₹1,340–₹1,365 with exit potential around ₹1,450–₹1,480. Fundamentally, dividend yield and scale are positives, but declining profits, high leverage, and reduced institutional support limit upside. This is a cautious accumulation candidate for long-term investors, with short-term traders advised to use strict stop-losses.