APOLLOTYRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | APOLLOTYRE | Market Cap | 26,671 Cr. | Current Price | 420 ₹ | High / Low | 540 ₹ |
| Stock P/E | 23.9 | Book Value | 170 ₹ | Dividend Yield | 1.19 % | ROCE | 9.80 % |
| ROE | 6.28 % | Face Value | 1.00 ₹ | DMA 50 | 466 ₹ | DMA 200 | 481 ₹ |
| Chg in FII Hold | 0.36 % | Chg in DII Hold | -0.04 % | PAT Qtr | 468 Cr. | PAT Prev Qtr | 279 Cr. |
| RSI | 36.4 | MACD | -18.6 | Volume | 9,01,042 | Avg Vol 1Wk | 18,35,827 |
| Low price | 368 ₹ | High price | 540 ₹ | PEG Ratio | 0.64 | Debt to equity | 0.31 |
| 52w Index | 30.1 % | Qtr Profit Var | 274 % | EPS | 17.3 ₹ | Industry PE | 24.8 |
📊 Chart & Trend: Current price (420 ₹) is trading below both 50 DMA (466 ₹) and 200 DMA (481 ₹), reflecting a bearish undertone. Support lies near 368–370 ₹, resistance at 466–481 ₹.
📉 Momentum Indicators: RSI at 36.4 suggests oversold conditions. MACD at -18.6 confirms bearish momentum. Bollinger Bands show price near the lower band, signaling weakness but potential for a short-term rebound.
📈 Volume Trends: Current volume (9.01 lakh) is significantly below the 1-week average (18.35 lakh), showing weak participation and lack of strong conviction.
🎯 Entry Zone: 410–425 ₹ (near support, tactical entry).
🎯 Exit Zone: 465–480 ₹ (near 50 DMA resistance; profit booking advisable).
🔎 Trend Status: The stock is trending downward with oversold signals. Short-term rebound possible, but long-term weakness persists below moving averages.
Positive
- PEG ratio at 0.64 indicates attractive valuation relative to growth.
- Debt-to-equity ratio at 0.31 shows moderate leverage.
- Quarterly PAT surged (468 Cr vs 279 Cr), highlighting strong operational performance.
Limitation
- P/E (23.9) is slightly below industry average (24.8), but weak efficiency metrics limit attractiveness.
- ROCE (9.80%) and ROE (6.28%) reflect low capital efficiency.
- Stock trading well below 200 DMA reflects long-term weakness.
Company Negative News
- Volume participation remains weak, limiting breakout potential.
- DII holding decreased (-0.04%), showing reduced domestic institutional confidence.
Company Positive News
- FII holding increased (+0.36%), showing foreign investor interest.
- Quarterly profit variance (+274%) highlights strong earnings recovery.
- Dividend yield at 1.19% adds income appeal.
Industry
- Industry PE at 24.8 suggests moderate sector valuation.
- Automobile and tyre sector benefits from rising demand in passenger and commercial vehicles, though cyclical risks remain.
Conclusion
⚖️ APOLLOTYRE is trending downward, trading below key moving averages with weak momentum indicators. Entry near 410–425 ₹ offers tactical opportunity for short-term rebound toward 465–480 ₹. Fundamentals show strong quarterly profit recovery and fair valuation, but weak efficiency metrics and low volume participation limit upside. Best suited for cautious swing trades with strict stop-loss near 410 ₹.
Would you like me to extend this into an automobile & tyre sector basket overlay with peer benchmarking, so you can compare APOLLOTYRE’s setup against peers like MRF, CEAT, and JK Tyre for rotation opportunities?