APARINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.5
| Stock Code | APARINDS | Market Cap | 53,987 Cr. | Current Price | 13,450 ₹ | High / Low | 13,590 ₹ |
| Stock P/E | 55.0 | Book Value | 1,153 ₹ | Dividend Yield | 0.38 % | ROCE | 33.3 % |
| ROE | 19.8 % | Face Value | 10.0 ₹ | DMA 50 | 11,640 ₹ | DMA 200 | 9,796 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | 0.95 % | PAT Qtr | 226 Cr. | PAT Prev Qtr | 254 Cr. |
| RSI | 66.1 | MACD | 376 | Volume | 3,02,985 | Avg Vol 1Wk | 1,24,360 |
| Low price | 6,800 ₹ | High price | 13,590 ₹ | PEG Ratio | 1.07 | Debt to equity | 0.14 |
| 52w Index | 97.9 % | Qtr Profit Var | 28.2 % | EPS | 240 ₹ | Industry PE | 29.5 |
📊 Chart Patterns: APARINDS is trending strongly upward, with resistance near ₹13,500–₹13,600 and support around ₹11,600 (50 DMA). Trendlines confirm bullish continuation after a breakout from consolidation.
📈 Moving Averages: Current price (₹13,450) is well above both 50 DMA (₹11,640) and 200 DMA (₹9,796), confirming strong bullish alignment.
📊 RSI: At 66.1, RSI indicates strong momentum, approaching overbought territory but still supportive of bullish bias.
📉 MACD: Strongly positive at 376, confirming bullish crossover and sustained upward momentum.
📊 Bollinger Bands: Price is near upper band, suggesting strong momentum with potential volatility expansion.
📊 Volume Trends: Current volume (3,02,985) is significantly above 1-week average (1,24,360), showing strong participation and accumulation.
🚀 Momentum Signals: Bullish bias with potential breakout continuation if price sustains above ₹13,500.
🎯 Entry Zone: ₹12,800–₹13,200 (near breakout retest levels).
🎯 Exit Zone: ₹13,500–₹13,600 (resistance zone and upper Bollinger band).
📌 Trend Status: Strongly trending upward with bullish momentum.
Positive
- Strong ROCE (33.3%) and ROE (19.8%) highlight excellent capital efficiency.
- EPS at ₹240 supports robust earnings visibility.
- PEG ratio at 1.07 indicates fair growth valuation.
- Price trading near 52-week high (₹13,590) reflects strong investor sentiment.
Limitation
- High P/E (55.0) compared to industry PE (29.5) suggests premium valuation.
- Quarterly PAT declined from ₹254 Cr. to ₹226 Cr., showing earnings pressure.
- RSI nearing overbought territory may limit upside in the short term.
Company Negative News
- Quarterly profit decline highlights short-term earnings weakness.
Company Positive News
- DII holdings increased (+0.95%), showing strong domestic institutional support.
- FII holdings increased slightly (+0.03%), reflecting foreign investor confidence.
- Quarterly profit variation (+28.2%) highlights operational resilience.
Industry
- Industry PE at 29.5 is lower than APARINDS’ PE (55.0), highlighting premium valuation.
- Power and cable manufacturing sector benefiting from infrastructure expansion and electrification demand.
Conclusion
APARINDS is trending strongly upward with bullish signals supported by RSI, MACD, and price action above both 50 DMA and 200 DMA. Entry near ₹12,800–₹13,200 offers favorable risk-reward, with exit targets around ₹13,500–₹13,600. While fundamentals remain strong, premium valuation and recent earnings decline suggest cautious optimism for fresh entries.
This can be standardized into a infrastructure sector breakout template with benchmarking overlays, so you can compare APARINDS against peers like POLYCAB and KEI for relative strength.