BANKBARODA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | BANKBARODA | Market Cap | 1,36,245 Cr. | Current Price | 263 ₹ | High / Low | 326 ₹ |
| Stock P/E | 7.00 | Book Value | 294 ₹ | Dividend Yield | 3.17 % | ROCE | 6.24 % |
| ROE | 15.7 % | Face Value | 2.00 ₹ | DMA 50 | 280 ₹ | DMA 200 | 274 ₹ |
| Chg in FII Hold | -0.15 % | Chg in DII Hold | 0.20 % | PAT Qtr | 5,055 Cr. | PAT Prev Qtr | 4,809 Cr. |
| RSI | 38.5 | MACD | -2.57 | Volume | 1,26,34,826 | Avg Vol 1Wk | 95,09,447 |
| Low price | 212 ₹ | High price | 326 ₹ | PEG Ratio | 0.18 | Debt to equity | 11.0 |
| 52w Index | 45.3 % | Qtr Profit Var | 4.49 % | EPS | 37.6 ₹ | Industry PE | 7.99 |
📉 BANKBARODA is trading at ₹263, below both its 50 DMA (₹280) and 200 DMA (₹274), signaling weakness. RSI at 38.5 indicates bearish momentum, while MACD at -2.57 confirms negative divergence. Bollinger Bands show price consolidating near the lower band. Current volume (1,26,34,826) is above the 1-week average (95,09,447), showing strong participation despite weakness.
🔑 Short-term momentum signals: Support lies near ₹255–₹260, resistance around ₹280–₹285. Entry zone is closer to ₹260–₹265 if support holds. Exit zone should be considered near ₹280–₹285. The stock is in a consolidation phase with bearish bias.
✅ Positive
- EPS of ₹37.6 provides strong earnings base.
- ROE at 15.7% indicates solid profitability.
- Dividend yield of 3.17% adds shareholder value.
- Quarterly PAT improved (₹5,055 Cr vs ₹4,809 Cr).
- PEG ratio of 0.18 highlights undervaluation relative to growth.
- DII holdings increased (+0.20%), showing domestic investor confidence.
⚠️ Limitation
- ROCE relatively weak at 6.24%.
- Debt-to-equity ratio high at 11.0, typical for banks but adds leverage risk.
- FII holdings declined (-0.15%), showing foreign investor caution.
- Price trading below both 50 DMA and 200 DMA, limiting upside momentum.
📉 Company Negative News
- Decline in foreign investor confidence.
- High leverage compared to peers.
📊 Company Positive News
- Quarterly profits improved.
- Domestic institutional inflows support sentiment.
- Attractive valuation with low PEG ratio.
🏭 Industry
- Industry P/E at 7.99 highlights sector trading at similar multiples.
- Banking sector remains resilient but faces valuation pressure.
📝 Conclusion
BANKBARODA is consolidating with weak momentum, trading below both 50 DMA and 200 DMA. Entry near ₹260–₹265 offers favorable risk-reward, with exit around ₹280–₹285. Strong fundamentals and undervaluation support long-term potential, but high leverage and weak technical signals warrant cautious positioning.
Would you like me to extend this into a peer benchmarking overlay comparing BANKBARODA against other PSU banks like PNB and Canara Bank for relative strength and valuation?