BALRAMCHIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | BALRAMCHIN | Market Cap | 9,822 Cr. | Current Price | 486 ₹ | High / Low | 628 ₹ |
| Stock P/E | 23.6 | Book Value | 183 ₹ | Dividend Yield | 0.72 % | ROCE | 9.84 % |
| ROE | 10.1 % | Face Value | 1.00 ₹ | DMA 50 | 463 ₹ | DMA 200 | 482 ₹ |
| Chg in FII Hold | -0.65 % | Chg in DII Hold | -0.09 % | PAT Qtr | 107 Cr. | PAT Prev Qtr | 46.0 Cr. |
| RSI | 51.1 | MACD | 9.49 | Volume | 4,46,383 | Avg Vol 1Wk | 7,57,009 |
| Low price | 393 ₹ | High price | 628 ₹ | PEG Ratio | -2.37 | Debt to equity | 0.21 |
| 52w Index | 39.5 % | Qtr Profit Var | 70.0 % | EPS | 20.6 ₹ | Industry PE | 11.1 |
📈 Chart & Trend Analysis: BALRAMCHIN is trading slightly above its 50 DMA (463 ₹) and 200 DMA (482 ₹), with the current price at 486 ₹. This indicates mild bullish bias supported by moving averages.
📊 Momentum Indicators: RSI at 51.1 shows neutral-to-positive momentum. MACD at 9.49 confirms bullish crossover, signaling short-term strength.
📉 Bollinger Bands & Volume: Price is near the mid-band, reflecting consolidation with mild bullish tilt. Current volume (4,46,383) is below weekly average (7,57,009), showing reduced participation and lack of strong conviction.
🔑 Support & Resistance Zones:
- Support: 463 ₹ (50 DMA), 393 ₹ (major low)
- Resistance: 482–500 ₹ (DMA cluster), 550–600 ₹ (trendline resistance), 628 ₹ (52-week high)
Optimal Entry: 460–480 ₹ (near support)
Optimal Exit: 500–550 ₹ (resistance zone)
📌 Trend Status: The stock is consolidating with mild bullish bias, showing neutral RSI and positive MACD signals.
Positive
- EPS of 20.6 ₹ supports valuation strength.
- Quarterly PAT improved to 107 Cr. from 46 Cr., showing strong earnings growth.
- Debt-to-equity ratio of 0.21 indicates financial stability.
- Dividend yield of 0.72% provides shareholder returns.
Limitation
- ROCE (9.84%) and ROE (10.1%) are modest compared to peers.
- PEG ratio (-2.37) indicates poor earnings growth relative to valuation.
- Volume participation is weak compared to average, limiting breakout potential.
Company Negative News
- FII holding decreased (-0.65%), showing reduced foreign investor confidence.
- DII holding decreased (-0.09%), reflecting lower domestic institutional support.
Company Positive News
- Quarterly profit variation (+70%) indicates strong earnings recovery momentum.
- Stock trading above both 50 DMA and 200 DMA, reflecting technical support.
Industry
- Industry PE at 11.1 is much lower than BALRAMCHIN’s PE (23.6), suggesting premium valuation compared to peers.
- Sugar and allied sector outlook remains cyclical, tied to commodity prices and government policies.
Conclusion
⚖️ BALRAMCHIN is consolidating with mild bullish bias, trading above key moving averages with positive MACD and neutral RSI. Fundamentals show earnings recovery and financial stability, but modest ROE/ROCE and premium valuation limit upside. Traders may consider entry near 460–480 ₹ with exits around 500–550 ₹. Momentum confirmation is needed before aggressive positioning, as volume participation remains weak.
Would you like me to extend this into a peer benchmarking overlay comparing BALRAMCHIN against other sugar sector stocks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?