APARINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | APARINDS | Market Cap | 38,640 Cr. | Current Price | 9,608 ₹ | High / Low | 11,648 ₹ |
| Stock P/E | 39.4 | Book Value | 1,153 ₹ | Dividend Yield | 0.53 % | ROCE | 33.3 % |
| ROE | 19.8 % | Face Value | 10.0 ₹ | DMA 50 | 9,392 ₹ | DMA 200 | 8,694 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.56 % | PAT Qtr | 226 Cr. | PAT Prev Qtr | 254 Cr. |
| RSI | 49.2 | MACD | 3.16 | Volume | 1,23,626 | Avg Vol 1Wk | 1,36,247 |
| Low price | 4,270 ₹ | High price | 11,648 ₹ | PEG Ratio | 0.77 | Debt to equity | 0.14 |
| 52w Index | 72.4 % | Qtr Profit Var | 28.2 % | EPS | 240 ₹ | Industry PE | 23.3 |
📊 Chart & Trend: Current price (9,608 ₹) is trading above both 50 DMA (9,392 ₹) and 200 DMA (8,694 ₹), reflecting a bullish undertone. Support lies near 9,400–9,500 ₹, resistance at 11,600 ₹ (recent high).
📉 Momentum Indicators: RSI at 49.2 indicates neutral momentum, not overbought or oversold. MACD at 3.16 confirms mild bullish bias. Bollinger Bands show price near the mid-band, suggesting consolidation with upward bias.
📈 Volume Trends: Current volume (1.23 lakh) is slightly below the 1-week average (1.36 lakh), showing moderate participation. Sustained breakout requires stronger volume confirmation.
🎯 Entry Zone: 9,400–9,600 ₹ (near support, tactical entry).
🎯 Exit Zone: 11,400–11,600 ₹ (near recent high; profit booking advisable).
🔎 Trend Status: The stock is consolidating with bullish bias. Strong fundamentals and technicals support upward momentum, though volume weakness suggests caution.
Positive
- High ROCE (33.3%) and ROE (19.8%) reflect strong capital efficiency.
- EPS at 240 ₹ highlights robust earnings base.
- PEG ratio at 0.77 indicates undervaluation relative to growth potential.
Limitation
- P/E (39.4) is significantly above industry average (23.3), suggesting overvaluation.
- Quarterly PAT declined (226 Cr vs 254 Cr), showing earnings pressure.
- Volume participation is below average, limiting breakout strength.
Company Negative News
- Quarterly profit decline (-11%) reflects short-term weakness.
- Stock trading below recent high (11,648 ₹) indicates resistance overhead.
Company Positive News
- FII holding increased (+0.11%) and DII holding (+0.56%), showing institutional confidence.
- Quarterly profit variance (+28.2%) highlights operational improvement.
- 52-week performance (72.4% index gain) reflects strong momentum.
Industry
- Industry PE at 23.3 suggests moderate sector valuation.
- Electricals and industrial manufacturing sector benefits from infrastructure growth and export demand.
Conclusion
⚖️ APARINDS is consolidating with bullish bias, trading above key moving averages. Entry near 9,400–9,600 ₹ offers tactical opportunity, with exit targets around 11,400–11,600 ₹. Fundamentals remain strong with high efficiency and undervaluation signals, but stretched P/E and declining PAT warrant caution. Best suited for momentum trades with strict stop-loss near 9,400 ₹.
Would you like me to extend this into an industrial manufacturing & electricals sector basket overlay with peer benchmarking, so you can compare APARINDS against peers like Polycab, KEI Industries, and Finolex for rotation opportunities?