BALKRISIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | BALKRISIND | Market Cap | 42,066 Cr. | Current Price | 2,175 ₹ | High / Low | 2,818 ₹ |
| Stock P/E | 32.6 | Book Value | 540 ₹ | Dividend Yield | 0.74 % | ROCE | 16.5 % |
| ROE | 15.5 % | Face Value | 2.00 ₹ | DMA 50 | 2,377 ₹ | DMA 200 | 2,438 ₹ |
| Chg in FII Hold | 0.30 % | Chg in DII Hold | -0.13 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 265 Cr. |
| RSI | 34.4 | MACD | -85.4 | Volume | 1,25,788 | Avg Vol 1Wk | 1,98,384 |
| Low price | 2,020 ₹ | High price | 2,818 ₹ | PEG Ratio | 7.50 | Debt to equity | 0.35 |
| 52w Index | 19.4 % | Qtr Profit Var | -14.7 % | EPS | 66.7 ₹ | Industry PE | 24.8 |
📈 Chart & Trend Analysis: BALKRISIND is trading below both its 50 DMA (2,377 ₹) and 200 DMA (2,438 ₹), with the current price at 2,175 ₹. This indicates bearish bias and short-term weakness.
📊 Momentum Indicators: RSI at 34.4 shows weak momentum, nearing oversold territory. MACD at -85.4 confirms bearish crossover, signaling continued short-term weakness.
📉 Bollinger Bands & Volume: Price is near the lower band, suggesting potential support but also weakness. Current volume (1,25,788) is below weekly average (1,98,384), showing reduced participation and lack of strong buying interest.
🔑 Support & Resistance Zones:
- Support: 2,020 ₹ (recent low), 2,100 ₹ (psychological support)
- Resistance: 2,377 ₹ (50 DMA), 2,438 ₹ (200 DMA), 2,600–2,700 ₹ (trendline resistance), 2,818 ₹ (52-week high)
Optimal Entry: 2,100–2,175 ₹ (near support)
Optimal Exit: 2,377–2,438 ₹ (resistance zone)
📌 Trend Status: The stock is consolidating with bearish bias, showing weak momentum and trading below key moving averages.
Positive
- ROCE (16.5%) and ROE (15.5%) show decent capital efficiency.
- Dividend yield of 0.74% provides shareholder returns.
- Quarterly PAT improved to 375 Cr. from 265 Cr., showing earnings growth.
- FII holding increased (+0.30%), reflecting foreign investor confidence.
Limitation
- Stock P/E (32.6) is higher than industry average (24.8), suggesting stretched valuation.
- PEG ratio of 7.50 indicates expensive growth relative to earnings.
- Weak RSI and negative MACD show lack of momentum.
- Stock trading below both 50 DMA and 200 DMA, reflecting short-term weakness.
Company Negative News
- Quarterly profit variation (-14.7%) indicates earnings pressure.
- DII holding decreased (-0.13%), showing reduced domestic institutional support.
Company Positive News
- FII holding increased (+0.30%), reflecting foreign investor confidence.
- EPS of 66.7 ₹ supports valuation strength.
Industry
- Industry PE at 24.8 is lower than BALKRISIND’s PE (32.6), suggesting premium valuation compared to peers.
- Tyre and auto ancillary sector outlook remains cyclical, tied to auto demand and export markets.
Conclusion
⚖️ BALKRISIND is consolidating with bearish bias, trading below key moving averages with weak momentum signals. Fundamentals show decent ROE/ROCE and dividend support, but stretched valuation and earnings pressure limit upside. Traders may consider entry near 2,100–2,175 ₹ with exits around 2,377–2,438 ₹. Momentum confirmation is needed before aggressive positioning, as short-term signals remain weak despite moderate fundamentals.
Would you like me to extend this into a peer benchmarking overlay comparing BALKRISIND against other tyre/auto ancillary stocks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?