⚠ 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.
BATAINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | BATAINDIA | Market Cap | 11,089 Cr. | Current Price | 863 ₹ | High / Low | 1,425 ₹ |
| Stock P/E | 60.7 | Book Value | 118 ₹ | Dividend Yield | 2.20 % | ROCE | 15.2 % |
| ROE | 15.6 % | Face Value | 5.00 ₹ | DMA 50 | 943 ₹ | DMA 200 | 1,101 ₹ |
| Chg in FII Hold | -0.71 % | Chg in DII Hold | -0.08 % | PAT Qtr | 18.7 Cr. | PAT Prev Qtr | 54.9 Cr. |
| RSI | 28.2 | MACD | -26.9 | Volume | 1,48,759 | Avg Vol 1Wk | 1,13,752 |
| Low price | 835 ₹ | High price | 1,425 ₹ | PEG Ratio | 1.79 | Debt to equity | 0.91 |
| 52w Index | 4.64 % | Qtr Profit Var | -64.2 % | EPS | 13.0 ₹ | Industry PE | 38.1 |
📈 Technical Analysis
- Chart Patterns: Price is below both 50 DMA (943 ₹) and 200 DMA (1,101 ₹), showing clear weakness.
- Moving Averages: Current price (863 ₹) is under DMAs, indicating bearish bias.
- RSI: At 28.2, oversold, suggesting potential rebound.
- MACD: Negative (-26.9), confirming strong bearish momentum.
- Bollinger Bands: Price is near lower band, showing oversold conditions.
- Volume Trends: Current volume (1,48,759) is slightly above 1-week average (1,13,752), indicating moderate participation.
📊 Momentum & Trend
- Short-term Momentum: Bearish with RSI oversold and MACD negative.
- Support Zone: 835 ₹ – 850 ₹ (near recent lows).
- Resistance Zone: 940 ₹ – 950 ₹ (near 50 DMA).
- Trend: Reversing downward with oversold signals.
- Optimal Entry: Around 835 ₹ – 850 ₹ if support holds.
- Optimal Exit: Around 940 ₹ – 950 ₹ unless breakout occurs.
✅ Positive
- ROCE (15.2%) and ROE (15.6%) show decent efficiency.
- Dividend yield of 2.20% provides investor returns.
- Debt-to-equity ratio (0.91) is moderate, not excessive.
⚠️ Limitation
- P/E (60.7) is much higher than industry average (38.1), suggesting overvaluation.
- PEG ratio (1.79) indicates valuation stretched relative to growth.
- Quarterly profit variation (-64.2%) highlights earnings volatility.
📉 Company Negative News
- FII holding decreased (-0.71%), showing weaker foreign investor sentiment.
- DII holding decreased (-0.08%), showing reduced domestic institutional support.
- PAT dropped sharply (18.7 Cr vs 54.9 Cr), indicating weak performance.
📈 Company Positive News
- Dividend yield of 2.20% provides consistent investor returns.
- EPS of 13.0 ₹ supports valuation despite earnings decline.
🏭 Industry
- Industry PE at 38.1, lower than company PE (60.7), suggesting valuation premium.
- Sector outlook remains steady, but company trades at higher multiples than peers.
🔎 Conclusion
- Stock is reversing downward with strong bearish signals but oversold RSI suggests potential rebound.
- Entry near support (835 ₹ – 850 ₹) could be favorable for short-term rebound trades.
- Exit near resistance (940 ₹ – 950 ₹) unless breakout confirms reversal.
- Long-term investors should be cautious due to stretched valuations and weak quarterly earnings despite moderate debt and dividend yield.