⚠ 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.
ASTRAZEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | ASTRAZEN | Market Cap | 21,457 Cr. | Current Price | 8,583 ₹ | High / Low | 10,691 ₹ |
| Stock P/E | 92.8 | Book Value | 320 ₹ | Dividend Yield | 0.37 % | ROCE | 33.4 % |
| ROE | 23.6 % | Face Value | 2.00 ₹ | DMA 50 | 8,694 ₹ | DMA 200 | 8,636 ₹ |
| Chg in FII Hold | -0.03 % | Chg in DII Hold | 0.29 % | PAT Qtr | 58.1 Cr. | PAT Prev Qtr | 56.1 Cr. |
| RSI | 53.2 | MACD | -93.9 | Volume | 4,745 | Avg Vol 1Wk | 5,374 |
| Low price | 6,502 ₹ | High price | 10,691 ₹ | PEG Ratio | 2.14 | Debt to equity | 0.04 |
| 52w Index | 49.7 % | Qtr Profit Var | 51.3 % | EPS | 79.7 ₹ | Industry PE | 29.1 |
📈 Technical Analysis
- Chart Patterns: Price is consolidating near both 50 DMA (8,694 ₹) and 200 DMA (8,636 ₹).
- Moving Averages: Current price (8,583 ₹) is slightly below both DMAs, showing mild weakness.
- RSI: Neutral at 53.2, not in overbought/oversold territory.
- MACD: Negative (-93.9), indicating short-term bearish momentum.
- Bollinger Bands: Price is mid-range, suggesting consolidation without breakout signals.
- Volume Trends: Current volume (4,745) is below 1-week average (5,374), showing reduced trading activity.
📊 Momentum & Trend
- Short-term Momentum: Weak, with MACD negative and price below moving averages.
- Support Zone: 8,450 ₹ – 8,500 ₹ (near 200 DMA).
- Resistance Zone: 8,700 ₹ – 8,750 ₹ (near 50 DMA).
- Trend: Consolidating with slight bearish bias.
- Optimal Entry: Around 8,450 ₹ – 8,500 ₹ if support holds.
- Optimal Exit: Around 8,700 ₹ – 8,750 ₹ unless breakout occurs.
✅ Positive
- Strong ROCE (33.4%) and ROE (23.6%).
- Low debt-to-equity (0.04), indicating financial stability.
- Quarterly profit growth (51.3%) with PAT improvement.
⚠️ Limitation
- High P/E (92.8) compared to industry average (29.1).
- Low dividend yield (0.37%).
- Valuation stretched with PEG ratio of 2.14.
📉 Company Negative News
- FII holding decreased (-0.03%), showing reduced foreign investor confidence.
📈 Company Positive News
- DII holding increased (+0.29%), indicating domestic institutional support.
- Consistent PAT growth (58.1 Cr vs 56.1 Cr previous quarter).
🏭 Industry
- Industry PE at 29.1, significantly lower than company PE, suggesting overvaluation.
- Sector growth remains steady, but valuations are a concern.
🔎 Conclusion
- Stock is consolidating with mild bearish signals.
- Entry near support (8,450 ₹ – 8,500 ₹) could be favorable for short-term traders.
- Exit near resistance (8,700 ₹ – 8,750 ₹) unless breakout confirms trend reversal.
- Long-term investors should be cautious due to high valuations despite strong fundamentals.