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BAJAJHLDNG - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | BAJAJHLDNG | Market Cap | 1,18,360 Cr. | Current Price | 10,635 ₹ | High / Low | 14,873 ₹ |
| Stock P/E | 45.7 | Book Value | 2,044 ₹ | Dividend Yield | 0.88 % | ROCE | 7.24 % |
| ROE | 6.64 % | Face Value | 10.0 ₹ | DMA 50 | 11,161 ₹ | DMA 200 | 11,923 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | 0.00 % | PAT Qtr | 2,181 Cr. | PAT Prev Qtr | 236 Cr. |
| RSI | 36.7 | MACD | -154 | Volume | 17,279 | Avg Vol 1Wk | 53,518 |
| Low price | 10,400 ₹ | High price | 14,873 ₹ | PEG Ratio | -5.69 | Debt to equity | 0.00 |
| 52w Index | 5.26 % | Qtr Profit Var | 107 % | EPS | 395 ₹ | Industry PE | 18.2 |
📈 Technical Analysis
- Chart Patterns: Price is below both 50 DMA (11,161 ₹) and 200 DMA (11,923 ₹), showing weakness.
- Moving Averages: Current price (10,635 ₹) is under DMAs, indicating bearish bias.
- RSI: At 36.7, nearing oversold territory, suggesting potential rebound.
- MACD: Negative (-154), confirming bearish momentum.
- Bollinger Bands: Price is near lower band, showing oversold conditions.
- Volume Trends: Current volume (17,279) is well below 1-week average (53,518), indicating weak participation.
📊 Momentum & Trend
- Short-term Momentum: Bearish with RSI weak and MACD negative.
- Support Zone: 10,400 ₹ – 10,600 ₹ (near current levels).
- Resistance Zone: 11,100 ₹ – 11,200 ₹ (near 50 DMA).
- Trend: Consolidating with bearish bias.
- Optimal Entry: Around 10,400 ₹ – 10,600 ₹ if support holds.
- Optimal Exit: Around 11,100 ₹ – 11,200 ₹ unless breakout occurs.
✅ Positive
- Debt-free company (Debt-to-equity 0.00).
- Quarterly PAT growth (2,181 Cr vs 236 Cr), showing strong earnings momentum.
- EPS of 395 ₹, reflecting profitability.
⚠️ Limitation
- High P/E (45.7) compared to industry average (18.2), suggesting overvaluation.
- PEG ratio (-5.69) indicates weak growth prospects relative to valuation.
- Dividend yield is modest (0.88%), limiting investor returns.
- ROCE (7.24%) and ROE (6.64%) are relatively low compared to peers.
📉 Company Negative News
- FII holding decreased (-0.07%), showing weaker foreign investor sentiment.
- Low trading volume compared to average, indicating reduced market interest.
📈 Company Positive News
- Quarterly profit growth of 107% indicates strong operational improvement.
- DII holding stable, showing consistent domestic institutional support.
🏭 Industry
- Industry PE at 18.2, much lower than company PE, suggesting valuation premium.
- Sector outlook remains steady, but company trades at higher multiples than peers.
🔎 Conclusion
- Stock is consolidating with bearish signals but nearing oversold territory.
- Entry near support (10,400 ₹ – 10,600 ₹) could be favorable for short-term rebound trades.
- Exit near resistance (11,100 ₹ – 11,200 ₹) unless breakout confirms reversal.
- Long-term investors should be cautious due to stretched valuations and modest efficiency despite strong profitability and debt-free balance sheet.