⚠ 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.
BALKRISIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | BALKRISIND | Market Cap | 44,299 Cr. | Current Price | 2,292 ₹ | High / Low | 2,840 ₹ |
| Stock P/E | 34.3 | Book Value | 540 ₹ | Dividend Yield | 0.69 % | ROCE | 16.5 % |
| ROE | 15.5 % | Face Value | 2.00 ₹ | DMA 50 | 2,368 ₹ | DMA 200 | 2,443 ₹ |
| Chg in FII Hold | 0.30 % | Chg in DII Hold | -0.13 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 265 Cr. |
| RSI | 36.4 | MACD | -1.94 | Volume | 83,745 | Avg Vol 1Wk | 2,65,922 |
| Low price | 2,152 ₹ | High price | 2,840 ₹ | PEG Ratio | 7.89 | Debt to equity | 0.35 |
| 52w Index | 20.3 % | Qtr Profit Var | -14.7 % | EPS | 66.7 ₹ | Industry PE | 28.3 |
📈 Technical Analysis
- Chart Patterns: Price is below both 50 DMA (2,368 ₹) and 200 DMA (2,443 ₹), showing weakness.
- Moving Averages: Current price (2,292 ₹) is under DMAs, indicating bearish bias.
- RSI: At 36.4, nearing oversold territory, suggesting potential rebound.
- MACD: Negative (-1.94), confirming bearish momentum.
- Bollinger Bands: Price is near lower band, showing oversold conditions.
- Volume Trends: Current volume (83,745) is well below 1-week average (2,65,922), indicating weak participation.
📊 Momentum & Trend
- Short-term Momentum: Bearish with RSI weak and MACD negative.
- Support Zone: 2,150 ₹ – 2,200 ₹ (near recent lows).
- Resistance Zone: 2,350 ₹ – 2,370 ₹ (near 50 DMA).
- Trend: Consolidating with bearish bias.
- Optimal Entry: Around 2,150 ₹ – 2,200 ₹ if support holds.
- Optimal Exit: Around 2,350 ₹ – 2,370 ₹ unless breakout occurs.
✅ Positive
- ROCE (16.5%) and ROE (15.5%) show decent efficiency.
- Dividend yield of 0.69% provides investor returns.
- Quarterly PAT improved (375 Cr vs 265 Cr), showing earnings recovery.
- FII holding increased (+0.30%), showing foreign investor confidence.
⚠️ Limitation
- P/E (34.3) is higher than industry average (28.3), suggesting overvaluation.
- PEG ratio (7.89) indicates valuation is stretched relative to growth.
- Debt-to-equity ratio (0.35) adds moderate leverage risk.
- Quarterly profit variation (-14.7%) highlights earnings volatility.
📉 Company Negative News
- DII holding decreased (-0.13%), showing weaker domestic institutional support.
- Trading volume is significantly lower than average, indicating reduced market interest.
📈 Company Positive News
- Quarterly PAT growth compared to previous quarter shows operational improvement.
- FII holding increased (+0.30%), reflecting foreign investor confidence.
🏭 Industry
- Industry PE at 28.3, 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 (2,150 ₹ – 2,200 ₹) could be favorable for short-term rebound trades.
- Exit near resistance (2,350 ₹ – 2,370 ₹) unless breakout confirms reversal.
- Long-term investors should be cautious due to stretched valuations and moderate leverage despite improving profitability.