BALKRISIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | BALKRISIND | Market Cap | 41,772 Cr. | Current Price | 2,161 ₹ | High / Low | 2,818 ₹ |
| Stock P/E | 32.4 | Book Value | 540 ₹ | Dividend Yield | 0.74 % | ROCE | 16.5 % |
| ROE | 15.5 % | Face Value | 2.00 ₹ | DMA 50 | 2,268 ₹ | DMA 200 | 2,382 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | -0.17 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 265 Cr. |
| RSI | 42.0 | MACD | -9.57 | Volume | 1,45,069 | Avg Vol 1Wk | 1,32,800 |
| Low price | 2,015 ₹ | High price | 2,818 ₹ | PEG Ratio | 7.45 | Debt to equity | 0.35 |
| 52w Index | 18.1 % | Qtr Profit Var | -14.7 % | EPS | 66.7 ₹ | Industry PE | 24.0 |
📉 BALKRISIND is trading at ₹2,161, below both its 50 DMA (₹2,268) and 200 DMA (₹2,382), signaling weakness. RSI at 42.0 indicates bearish momentum, while MACD at -9.57 confirms negative divergence. Bollinger Bands show price consolidating near the lower band. Current volume (1,45,069) is slightly above the 1-week average (1,32,800), showing moderate participation despite weakness.
🔑 Short-term momentum signals: Support lies near ₹2,120–₹2,140, resistance around ₹2,250–₹2,280. Entry zone is closer to ₹2,120–₹2,140 if support holds. Exit zone should be considered near ₹2,250–₹2,280. The stock is in a consolidation phase with bearish bias.
✅ Positive
- Strong ROCE (16.5%) and ROE (15.5%) highlight efficiency.
- EPS of ₹66.7 provides solid earnings base.
- Dividend yield of 0.74% adds shareholder value.
- FII holdings increased slightly (+0.13%), showing foreign investor confidence.
⚠️ Limitation
- P/E of 32.4 vs industry average of 24.0 indicates premium valuation.
- PEG ratio of 7.45 highlights expensive growth prospects.
- Price trading below both 50 DMA and 200 DMA caps upside momentum.
- Quarterly profit variation (-14.7%) shows earnings volatility.
📉 Company Negative News
- Quarterly PAT declined (₹375 Cr vs ₹265 Cr previously, showing volatility).
- DII holdings decreased (-0.17%), showing domestic investor caution.
📊 Company Positive News
- EPS remains strong at ₹66.7.
- FII inflows (+0.13%) support sentiment.
🏭 Industry
- Industry P/E at 24.0 highlights sector trading at lower multiples.
- Tyre and rubber sector remains cyclical, linked to auto demand and raw material costs.
📝 Conclusion
BALKRISIND shows weak technical momentum with price below key moving averages and bearish indicators. Fundamentals are solid but valuations are stretched and earnings volatile. Entry near ₹2,120–₹2,140 offers cautious opportunity, with exit near ₹2,250–₹2,280. Strict stop-loss discipline is essential given consolidation and valuation risks.
Would you like me to extend this into a sector overlay benchmarking module comparing BALKRISIND against peers like MRF, Apollo Tyres, and CEAT for relative strength and valuation?