⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ASAHIINDIA | Market Cap | 25,207 Cr. | Current Price | 989 ₹ | High / Low | 1,074 ₹ |
| Stock P/E | 83.8 | Book Value | 149 ₹ | Dividend Yield | 0.20 % | ROCE | 12.0 % |
| ROE | 13.2 % | Face Value | 1.00 ₹ | DMA 50 | 971 ₹ | DMA 200 | 882 ₹ |
| Chg in FII Hold | 0.01 % | Chg in DII Hold | 0.09 % | PAT Qtr | 108 Cr. | PAT Prev Qtr | 47.5 Cr. |
| RSI | 54.0 | MACD | -1.31 | Volume | 75,772 | Avg Vol 1Wk | 1,37,352 |
| Low price | 577 ₹ | High price | 1,074 ₹ | PEG Ratio | -559 | Debt to equity | 0.74 |
| 52w Index | 82.9 % | Qtr Profit Var | 28.5 % | EPS | 11.9 ₹ | Industry PE | 28.0 |
📈 Technical Analysis
- Chart Patterns: Price (989 ₹) is above 50 DMA (971 ₹) and 200 DMA (882 ₹), showing bullish strength but facing resistance near highs.
- Moving Averages: Positive bias as price trades above both averages.
- RSI: At 54.0, neutral momentum, neither overbought nor oversold.
- MACD: Slightly negative (-1.31), mild bearish divergence despite price strength.
- Bollinger Bands: Price near mid-band, support seen around 970–990 ₹.
- Volume Trends: Current volume (75,772) is below 1-week average (1,37,352), showing weak participation.
🎯 Momentum & Trade Zones
- Support Levels: 970–990 ₹ (near Bollinger mid-band), 882 ₹ (200 DMA), 577 ₹ (recent low).
- Resistance Levels: 1,000–1,020 ₹ (psychological barrier), 1,074 ₹ (recent high).
- Entry Zone: 970–990 ₹ (accumulation near support).
- Exit Zone: 1,020–1,050 ₹ (profit booking near resistance).
- Trend: Trending upward but consolidating near resistance; reversal possible if price fails to break 1,000–1,020 ₹.
✅ Positive
- ROE (13.2%) and ROCE (12.0%) reflect decent efficiency.
- EPS at 11.9 ₹ supports valuation strength.
- Quarterly PAT improved (108 Cr. vs 47.5 Cr.), showing strong earnings growth.
- Institutional holdings increased slightly (FII +0.01%, DII +0.09%).
- 52-week index return of 82.9% highlights strong long-term performance.
⚠️ Limitation
- High P/E (83.8) compared to industry average (28.0), suggesting overvaluation.
- Dividend yield at 0.20% provides limited income support.
- Debt-to-equity ratio at 0.74 indicates moderate leverage risk.
- Volume participation is weak, reducing conviction in price moves.
📉 Company Negative News
- MACD remains negative, reflecting weak momentum despite price strength.
- High valuation multiples may limit upside potential.
📊 Company Positive News
- Quarterly PAT improved significantly (108 Cr. vs 47.5 Cr.).
- Institutional holdings increased slightly, reflecting confidence.
- Strong 52-week return (82.9%) shows investor optimism.
🏭 Industry
- Industry P/E at 28.0, much lower than company’s 83.8, suggesting sector peers may be more attractively priced.
- Glass and automotive component sector demand remains steady, driven by infrastructure and automobile growth.
📝 Conclusion
- ASAHIINDIA is trending upward but consolidating near resistance levels.
- Optimal entry near 970–990 ₹ with exit around 1,020–1,050 ₹.
- Strong PAT growth and long-term returns make it attractive, but high valuation and weak volume trends limit upside.
- Medium-term investors should wait for breakout above 1,020–1,074 ₹ to confirm continuation of bullish trend.