ASHOKLEY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ASHOKLEY | Market Cap | 1,04,884 Cr. | Current Price | 179 ₹ | High / Low | 215 ₹ |
| Stock P/E | 28.5 | Book Value | 19.6 ₹ | Dividend Yield | 1.75 % | ROCE | 36.5 % |
| ROE | 31.4 % | Face Value | 1.00 ₹ | DMA 50 | 190 ₹ | DMA 200 | 160 ₹ |
| Chg in FII Hold | 0.09 % | Chg in DII Hold | 0.14 % | PAT Qtr | 1,026 Cr. | PAT Prev Qtr | 801 Cr. |
| RSI | 37.7 | MACD | -6.44 | Volume | 1,33,12,644 | Avg Vol 1Wk | 2,62,37,523 |
| Low price | 95.2 ₹ | High price | 215 ₹ | PEG Ratio | 0.07 | Debt to equity | 0.12 |
| 52w Index | 69.3 % | Qtr Profit Var | 34.7 % | EPS | 5.80 ₹ | Industry PE | 35.4 |
📊 Chart & Trend: Current price (179 ₹) is trading below 50 DMA (190 ₹) but above 200 DMA (160 ₹), reflecting a mixed undertone. Support lies near 175–180 ₹, resistance at 190–200 ₹ and 215 ₹ (recent high).
📉 Momentum Indicators: RSI at 37.7 suggests oversold conditions. MACD at -6.44 confirms bearish bias. Bollinger Bands show price near the lower band, signaling weakness but potential for a short-term rebound.
📈 Volume Trends: Current volume (1.33 Cr) is significantly below the 1-week average (2.62 Cr), showing weak participation and lack of strong conviction.
🎯 Entry Zone: 175–180 ₹ (near support, tactical entry).
🎯 Exit Zone: 190–200 ₹ (near 50 DMA resistance; profit booking advisable).
🔎 Trend Status: The stock is consolidating with bearish bias. Oversold RSI suggests potential rebound, but weak volume limits breakout strength.
Positive
- High ROCE (36.5%) and ROE (31.4%) reflect excellent capital efficiency.
- PEG ratio at 0.07 indicates strong valuation relative to growth.
- Dividend yield at 1.75% adds income appeal.
Limitation
- P/E (28.5) is below industry average (35.4), but EPS (5.80 ₹) remains modest.
- Book value (19.6 ₹) is low compared to current price, limiting margin of safety.
- Stock trading below 50 DMA reflects short-term weakness.
Company Negative News
- FII holding decreased (-0.09%), showing reduced foreign investor confidence.
- Weak volume participation reduces conviction in momentum trades.
Company Positive News
- Quarterly PAT improved (1,026 Cr vs 801 Cr), showing strong earnings growth.
- Quarterly profit variance (+34.7%) highlights operational improvement.
- DII holding increased (+0.14%), showing domestic institutional support.
- Strong 52-week performance (69.3% index gain) reflects robust momentum.
Industry
- Industry PE at 35.4 suggests moderate-to-high sector valuation.
- Automobile and commercial vehicle sector benefits from infrastructure growth and rising demand, though cyclical risks remain.
Conclusion
⚖️ ASHOKLEY is consolidating with bearish bias, trading below 50 DMA but above 200 DMA. Entry near 175–180 ₹ offers tactical opportunity for short-term rebound toward 190–200 ₹. Fundamentals show strong efficiency, earnings growth, and sector tailwinds, but weak volume and modest EPS limit upside. Best suited for cautious swing trades with strict stop-loss near 175 ₹.
Would you like me to extend this into an automobile & commercial vehicle sector basket overlay with peer benchmarking, so you can compare ASHOKLEY’s setup against peers like Tata Motors, Eicher Motors, and Mahindra & Mahindra?