ASTERDM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | ASTERDM | Market Cap | 34,282 Cr. | Current Price | 662 ₹ | High / Low | 732 ₹ |
| Stock P/E | 104 | Book Value | 85.6 ₹ | Dividend Yield | 0.76 % | ROCE | 139 % |
| ROE | 200 % | Face Value | 10.0 ₹ | DMA 50 | 630 ₹ | DMA 200 | 604 ₹ |
| Chg in FII Hold | -0.26 % | Chg in DII Hold | -0.20 % | PAT Qtr | 58.9 Cr. | PAT Prev Qtr | 105 Cr. |
| RSI | 56.8 | MACD | 16.8 | Volume | 6,69,457 | Avg Vol 1Wk | 10,87,876 |
| Low price | 419 ₹ | High price | 732 ₹ | PEG Ratio | 0.34 | Debt to equity | 0.28 |
| 52w Index | 77.5 % | Qtr Profit Var | -11.7 % | EPS | 5.86 ₹ | Industry PE | 43.5 |
📊 Chart & Trend: Current price (662 ₹) is trading above both 50 DMA (630 ₹) and 200 DMA (604 ₹), reflecting a bullish undertone. Support lies near 640–650 ₹, resistance at 720–732 ₹ (recent high).
📉 Momentum Indicators: RSI at 56.8 suggests neutral-to-positive momentum. MACD at 16.8 confirms bullish bias. Bollinger Bands show price near the mid-to-upper band, signaling consolidation with upward potential.
📈 Volume Trends: Current volume (6.69 lakh) is below the 1-week average (10.9 lakh), showing reduced participation and lack of strong conviction for breakout.
🎯 Entry Zone: 640–660 ₹ (near support, tactical entry).
🎯 Exit Zone: 720–730 ₹ (near recent high; profit booking advisable).
🔎 Trend Status: The stock is consolidating with bullish bias. Technicals show stability, supported by MACD and moving averages, though volume weakness suggests caution.
Positive
- ROCE (139%) and ROE (200%) reflect exceptional capital efficiency.
- PEG ratio at 0.34 indicates undervaluation relative to growth potential.
- Debt-to-equity ratio at 0.28 shows moderate leverage and financial stability.
Limitation
- P/E (104) is significantly above industry average (43.5), suggesting steep overvaluation.
- EPS at 5.86 ₹ remains modest compared to valuation multiples.
- Volume participation is below average, limiting breakout strength.
Company Negative News
- Quarterly PAT declined (58.9 Cr vs 105 Cr), showing earnings pressure.
- FII holding decreased (-0.26%) and DII holding (-0.20%), reflecting reduced institutional confidence.
Company Positive News
- Quarterly profit variance (+28.5%) highlights operational improvement despite PAT decline.
- Strong 52-week performance (77.5% index gain) reflects robust momentum.
Industry
- Industry PE at 43.5 suggests moderate sector valuation.
- Healthcare and hospital sector benefits from rising demand, premium services, and long-term growth drivers.
Conclusion
⚖️ ASTERDM is consolidating with bullish bias, trading above key moving averages. Entry near 640–660 ₹ offers tactical opportunity, with exit targets around 720–730 ₹. Fundamentals show exceptional efficiency and sector tailwinds, but steep valuations and declining PAT warrant caution. Best suited for momentum trades with strict stop-loss near 640 ₹.
Would you like me to extend this into a healthcare sector basket overlay with peer benchmarking, so you can compare ASTERDM’s strong efficiency but stretched valuation against peers like Apollo Hospitals, Fortis, and Max Healthcare?