ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | ASAHIINDIA | Market Cap | 22,043 Cr. | Current Price | 865 ₹ | High / Low | 1,074 ₹ |
| Stock P/E | 73.3 | Book Value | 149 ₹ | Dividend Yield | 0.23 % | ROCE | 12.0 % |
| ROE | 13.2 % | Face Value | 1.00 ₹ | DMA 50 | 918 ₹ | DMA 200 | 890 ₹ |
| Chg in FII Hold | 0.01 % | Chg in DII Hold | 0.09 % | PAT Qtr | 108 Cr. | PAT Prev Qtr | 47.5 Cr. |
| RSI | 43.4 | MACD | -28.9 | Volume | 1,24,17,211 | Avg Vol 1Wk | 25,19,430 |
| Low price | 579 ₹ | High price | 1,074 ₹ | PEG Ratio | -489 | Debt to equity | 0.74 |
| 52w Index | 57.9 % | Qtr Profit Var | 28.5 % | EPS | 11.9 ₹ | Industry PE | 25.0 |
📊 Chart & Trend: Current price (865 ₹) is trading below both 50 DMA (918 ₹) and 200 DMA (890 ₹), reflecting a mild bearish undertone. Support lies near 850–860 ₹, resistance at 918–940 ₹ and 1,074 ₹ (recent high).
📉 Momentum Indicators: RSI at 43.4 suggests neutral-to-weak momentum. MACD at -28.9 confirms bearish bias. Bollinger Bands show price near the mid-to-lower band, signaling consolidation with weakness.
📈 Volume Trends: Current volume (1.24 Cr) is significantly higher than the 1-week average (25.2 lakh), showing strong participation, likely speculative or event-driven.
🎯 Entry Zone: 850–870 ₹ (near support, tactical entry).
🎯 Exit Zone: 915–940 ₹ (near 50 DMA resistance; profit booking advisable).
🔎 Trend Status: The stock is consolidating with bearish bias. Strong volume suggests active interest, but weak technicals limit breakout potential.
Positive
- ROE (13.2%) and ROCE (12.0%) reflect moderate capital efficiency.
- EPS at 11.9 ₹ provides a steady earnings base.
- Strong 52-week performance (57.9% index gain) highlights momentum.
Limitation
- P/E (73.3) is significantly above industry average (25.0), suggesting steep overvaluation.
- PEG ratio (-489) indicates poor valuation relative to growth.
- Debt-to-equity ratio at 0.74 shows high leverage risk.
Company Negative News
- MACD remains negative, confirming bearish momentum.
- High leverage and stretched valuations limit upside potential.
Company Positive News
- Quarterly PAT improved (108 Cr vs 47.5 Cr), showing earnings recovery.
- Quarterly profit variance (+28.5%) highlights operational improvement.
- FII holding (+0.01%) and DII holding (+0.09%) show marginal institutional support.
Industry
- Industry PE at 25.0 suggests moderate sector valuation.
- Glass and automotive components sector benefits from rising demand in construction and auto manufacturing.
Conclusion
⚖️ ASAHIINDIA is consolidating with bearish bias, trading below key moving averages. Entry near 850–870 ₹ offers tactical opportunity for short-term rebound toward 915–940 ₹. Fundamentals show earnings recovery and strong 52-week momentum, but high leverage and steep valuations remain concerns. Best suited for cautious swing trades with strict stop-loss near 850 ₹.
Would you like me to extend this into an automotive & glass sector basket overlay with peer benchmarking, so you can compare ASAHIINDIA’s setup against peers like Saint-Gobain, Borosil, and Haldyn Glass for rotation opportunities?