AFCONS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | AFCONS | Market Cap | 10,587 Cr. | Current Price | 288 ₹ | High / Low | 499 ₹ |
| Stock P/E | 18.0 | Book Value | 134 ₹ | Dividend Yield | 0.87 % | ROCE | 22.5 % |
| ROE | 14.9 % | Face Value | 10.0 ₹ | DMA 50 | 322 ₹ | DMA 200 | 387 ₹ |
| Chg in FII Hold | 0.00 % | Chg in DII Hold | 1.66 % | PAT Qtr | 166 Cr. | PAT Prev Qtr | 112 Cr. |
| RSI | 37.0 | MACD | -14.0 | Volume | 4,44,555 | Avg Vol 1Wk | 7,75,685 |
| Low price | 272 ₹ | High price | 499 ₹ | PEG Ratio | 0.58 | Debt to equity | 0.73 |
| 52w Index | 7.23 % | Qtr Profit Var | -0.17 % | EPS | 14.4 ₹ | Industry PE | 15.2 |
📊 Chart & Trend: Current price (288 ₹) is trading below both 50 DMA (322 ₹) and 200 DMA (387 ₹), reflecting a bearish undertone. Support lies near 272 ₹, resistance at 322–387 ₹.
📉 Momentum Indicators: RSI at 37.0 suggests oversold conditions. MACD at -14.0 confirms bearish momentum. Bollinger Bands show price near the lower band, indicating weakness but potential for a short-term bounce.
📈 Volume Trends: Current volume (4.44 lakh) is below the 1-week average (7.75 lakh), showing weak participation and reduced conviction in momentum trades.
🎯 Entry Zone: 275–290 ₹ (near support, oversold RSI may trigger rebound).
🎯 Exit Zone: 315–325 ₹ (near 50 DMA resistance; profit booking zone).
🔎 Trend Status: The stock is consolidating with bearish bias. Oversold RSI suggests a possible short-term rebound, but long-term weakness persists below moving averages.
Positive
- Strong ROCE (22.5%) and ROE (14.9%) highlight efficient capital utilization.
- PEG ratio at 0.58 indicates undervaluation relative to growth potential.
- Quarterly PAT growth (166 Cr vs 112 Cr) shows improving profitability.
Limitation
- Debt-to-equity ratio at 0.73 indicates moderate leverage risk.
- Stock trading well below 200 DMA reflects long-term weakness.
- Quarterly profit variance (-0.17%) shows inconsistency in earnings momentum.
Company Negative News
- No change in FII holding (0.00%) suggests lack of foreign investor interest.
- Stock price significantly below 52-week high (499 ₹), reflecting weak sentiment.
Company Positive News
- DII holding increased (+1.66%), showing domestic institutional confidence.
- EPS at 14.4 ₹ reflects steady earnings base.
Industry
- Industry PE at 15.2 suggests moderate sector valuation.
- Infrastructure and construction sector benefits from government spending and urban expansion projects.
Conclusion
⚖️ AFCONS is consolidating with bearish bias, trading below key moving averages. Oversold RSI and support near 272 ₹ provide tactical entry opportunities for short-term rebound toward 315–325 ₹. Fundamentally strong with efficient capital use, but leverage and weak earnings variance limit upside. Best suited for cautious swing trades with strict stop-loss near 272 ₹.
Would you like me to extend this into a sector basket overlay with peer benchmarking for infrastructure and construction companies, so you can compare AFCONS against its competitors for rotation opportunities?