BANKINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | BANKINDIA | Market Cap | 63,678 Cr. | Current Price | 140 ₹ | High / Low | 178 ₹ |
| Stock P/E | 6.28 | Book Value | 186 ₹ | Dividend Yield | 2.90 % | ROCE | 6.15 % |
| ROE | 12.3 % | Face Value | 10.0 ₹ | DMA 50 | 150 ₹ | DMA 200 | 141 ₹ |
| Chg in FII Hold | 1.44 % | Chg in DII Hold | -1.22 % | PAT Qtr | 2,705 Cr. | PAT Prev Qtr | 2,555 Cr. |
| RSI | 39.1 | MACD | -1.85 | Volume | 1,08,60,654 | Avg Vol 1Wk | 1,05,24,148 |
| Low price | 104 ₹ | High price | 178 ₹ | PEG Ratio | 0.16 | Debt to equity | 11.7 |
| 52w Index | 48.2 % | Qtr Profit Var | 7.47 % | EPS | 22.3 ₹ | Industry PE | 7.99 |
📉 BANKINDIA is trading at ₹140, below both its 50 DMA (₹150) and 200 DMA (₹141), signaling weakness. RSI at 39.1 indicates bearish momentum, while MACD at -1.85 confirms negative divergence. Bollinger Bands show price consolidating near the lower band. Current volume (1,08,60,654) is slightly above the 1-week average (1,05,24,148), showing moderate participation despite weakness.
🔑 Short-term momentum signals: Support lies near ₹135–₹138, resistance around ₹148–₹152. Entry zone is closer to ₹136–₹138 if support holds. Exit zone should be considered near ₹148–₹152. The stock is in a consolidation phase with bearish bias.
✅ Positive
- EPS of ₹22.3 provides strong earnings base.
- ROE at 12.3% indicates solid profitability.
- Dividend yield of 2.90% adds shareholder value.
- Quarterly PAT improved (₹2,705 Cr vs ₹2,555 Cr).
- PEG ratio of 0.16 highlights undervaluation relative to growth.
- FII holdings increased (+1.44%), showing foreign investor confidence.
⚠️ Limitation
- ROCE relatively weak at 6.15%.
- Debt-to-equity ratio high at 11.7, typical for banks but adds leverage risk.
- Price trading below both 50 DMA and 200 DMA, limiting upside momentum.
- RSI below 40 signals weak momentum.
- DII holdings decreased (-1.22%), showing domestic investor caution.
📉 Company Negative News
- Decline in domestic institutional confidence.
- High leverage compared to peers.
📊 Company Positive News
- Quarterly profits improved.
- Foreign 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
BANKINDIA is consolidating with weak momentum, trading below both 50 DMA and 200 DMA. Entry near ₹136–₹138 offers cautious opportunity, with exit around ₹148–₹152. Strong fundamentals and undervaluation support long-term potential, but high leverage and weak technical signals warrant strict stop-loss discipline.
Would you like me to extend this into a peer benchmarking overlay comparing BANKINDIA against other PSU banks like Bank of Baroda and Punjab National Bank for relative strength and valuation?