⚠ 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.
ATGL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | ATGL | Market Cap | 57,064 Cr. | Current Price | 519 ₹ | High / Low | 798 ₹ |
| Stock P/E | 90.5 | Book Value | 40.8 ₹ | Dividend Yield | 0.05 % | ROCE | 17.4 % |
| ROE | 16.7 % | Face Value | 1.00 ₹ | DMA 50 | 567 ₹ | DMA 200 | 618 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | 0.02 % | PAT Qtr | 157 Cr. | PAT Prev Qtr | 162 Cr. |
| RSI | 33.0 | MACD | -14.9 | Volume | 4,62,733 | Avg Vol 1Wk | 7,62,736 |
| Low price | 507 ₹ | High price | 798 ₹ | PEG Ratio | 10.4 | Debt to equity | 0.45 |
| 52w Index | 4.07 % | Qtr Profit Var | 9.59 % | EPS | 5.73 ₹ | Industry PE | 19.8 |
📈 Technical Chart Analysis
- Moving Averages: Current price (519 ₹) is below both 50 DMA (567 ₹) and 200 DMA (618 ₹), confirming bearish momentum.
- RSI: At 33.0, the stock is oversold, suggesting potential rebound opportunities.
- MACD: Negative (-14.9), showing bearish crossover and weak momentum.
- Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term bounce.
- Volume Trends: Current volume (4,62,733) is lower than 1-week average (7,62,736), showing reduced participation and weak conviction.
📊 Momentum & Trend Signals
- Short-term Momentum: Bearish bias due to negative MACD and weak volume.
- Support Zone: 507–515 ₹ (recent low and psychological support).
- Resistance Zone: 567–600 ₹ (near 50 DMA and psychological round level).
- Optimal Entry: Around 510–520 ₹ if RSI remains oversold and support holds.
- Optimal Exit: 570–600 ₹ if price rebounds to moving averages.
- Trend Status: Currently consolidating with bearish undertone; reversal possible if RSI triggers bounce and volume improves.
✅ Positive
- ROCE (17.4%) and ROE (16.7%) show moderate capital efficiency.
- DII holding increased (+0.02%), showing domestic institutional support.
- Quarterly PAT remains stable (157 Cr. vs 162 Cr.), showing earnings consistency.
⚠️ Limitation
- Extremely high P/E (90.5) compared to industry average (19.8), suggesting overvaluation.
- PEG ratio of 10.4 indicates expensive valuation relative to growth.
- Debt-to-equity ratio of 0.45 adds moderate financial risk.
- Dividend yield is very low (0.05%), offering minimal passive income.
📉 Company Negative News
- FII holding declined (-0.07%), showing reduced foreign investor confidence.
- Stock corrected sharply from 798 ₹ high, showing vulnerability to profit booking.
📈 Company Positive News
- DII holding increased (+0.02%), reflecting domestic support.
- Quarterly PAT variation (+9.59%) shows slight improvement in earnings stability.
🏭 Industry
- Gas distribution sector benefits from rising demand and government infrastructure push.
- Industry P/E at 19.8 suggests sector is moderately valued; ATGL trades at a steep premium.
🔎 Conclusion
- ATGL shows moderate fundamentals but trades at very high valuations.
- Technically, the stock is consolidating near support with oversold RSI, suggesting possible short-term rebound.
- Entry near 510–520 ₹ is favorable for short-term traders, with exit near 570–600 ₹.
- Short-term outlook: cautious trading; long-term outlook requires valuation correction and stronger earnings growth.