BATAINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | BATAINDIA | Market Cap | 8,913 Cr. | Current Price | 692 ₹ | High / Low | 1,294 ₹ |
| Stock P/E | 47.1 | Book Value | 118 ₹ | Dividend Yield | 2.74 % | ROCE | 15.2 % |
| ROE | 15.6 % | Face Value | 5.00 ₹ | DMA 50 | 723 ₹ | DMA 200 | 902 ₹ |
| Chg in FII Hold | 0.25 % | Chg in DII Hold | -0.92 % | PAT Qtr | 71.9 Cr. | PAT Prev Qtr | 18.7 Cr. |
| RSI | 43.2 | MACD | -8.07 | Volume | 1,70,011 | Avg Vol 1Wk | 1,27,601 |
| Low price | 605 ₹ | High price | 1,294 ₹ | PEG Ratio | 1.39 | Debt to equity | 0.91 |
| 52w Index | 12.6 % | Qtr Profit Var | 9.87 % | EPS | 13.6 ₹ | Industry PE | 41.1 |
- 📈 Chart Patterns: BATAINDIA is trading at 692 ₹, well below its 52-week high of 1,294 ₹. Support lies around 680–690 ₹, resistance near 720–740 ₹. Trendlines suggest corrective consolidation with bearish undertone.
- 📊 Moving Averages: Price is below both 50 DMA (723 ₹) and 200 DMA (902 ₹), indicating short-term and long-term weakness.
- 📉 RSI: At 43.2, RSI is weak, approaching oversold territory, suggesting limited downside but no strong reversal yet.
- 📉 MACD: Negative (-8.07), confirming bearish momentum in the short term.
- 📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential mean reversion.
- 📊 Volume Trends: Current volume (1,70,011) is above weekly average (1,27,601), showing increased participation despite weakness.
- 📌 Momentum Signals: Entry zone around 680–690 ₹; exit zone near 720–740 ₹.
- 🔄 Trend Status: Reversing from bullish highs into corrective consolidation.
Positive
- EPS of 13.6 ₹ provides earnings base.
- Dividend yield of 2.74% adds shareholder value.
- FII holdings increased (+0.25%), showing foreign investor confidence.
- PAT improved to 71.9 Cr. from 18.7 Cr. sequentially.
Limitation
- Price below both 50 DMA and 200 DMA signals weakness.
- RSI weak and MACD negative, showing bearish bias.
- PEG ratio of 1.39 highlights moderate overvaluation.
- Debt-to-equity ratio at 0.91 adds financial risk.
Company Negative News
- DII holdings decreased (-0.92%), showing reduced domestic support.
- Weak 52-week performance (+12.6%) compared to peers.
Company Positive News
- PAT recovery highlights operational improvement.
- Dividend yield supports shareholder returns.
- FII inflows provide marginal support.
Industry
- Industry P/E at 41.1 highlights sector trading at lower multiples compared to Bata’s premium valuation.
- Footwear and retail sector remains competitive with cyclical demand trends.
Conclusion
BATAINDIA is consolidating with bearish bias, trading below key moving averages and showing weak RSI/MACD signals. Entry near 680–690 ₹ offers tactical positioning, with exit targets around 720–740 ₹. Fundamentals show dividend support and PAT recovery, but stretched valuation and weak technicals warrant cautious trading with strict stop-loss discipline.
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