BATAINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | BATAINDIA | Market Cap | 8,654 Cr. | Current Price | 673 ₹ | High / Low | 1,301 ₹ |
| Stock P/E | 45.8 | Book Value | 118 ₹ | Dividend Yield | 2.82 % | ROCE | 15.2 % |
| ROE | 15.6 % | Face Value | 5.00 ₹ | DMA 50 | 818 ₹ | DMA 200 | 1,016 ₹ |
| Chg in FII Hold | -0.71 % | Chg in DII Hold | -0.08 % | PAT Qtr | 71.9 Cr. | PAT Prev Qtr | 18.7 Cr. |
| RSI | 16.6 | MACD | -46.7 | Volume | 4,89,503 | Avg Vol 1Wk | 3,03,622 |
| Low price | 665 ₹ | High price | 1,301 ₹ | PEG Ratio | 1.35 | Debt to equity | 0.91 |
| 52w Index | 1.22 % | Qtr Profit Var | 9.87 % | EPS | 13.6 ₹ | Industry PE | 34.1 |
📈 Chart & Trend Analysis: BATAINDIA is trading well below both its 50 DMA (818 ₹) and 200 DMA (1,016 ₹), with the current price at 673 ₹. This indicates strong bearish bias and short-term weakness.
📊 Momentum Indicators: RSI at 16.6 shows extreme oversold conditions, suggesting potential for a technical rebound. MACD at -46.7 confirms bearish crossover, signaling continued short-term weakness.
📉 Bollinger Bands & Volume: Price is hugging the lower band, reflecting oversold conditions. Current volume (4,89,503) is above weekly average (3,03,622), showing increased participation but mostly on the selling side.
🔑 Support & Resistance Zones:
- Support: 665 ₹ (recent low), 650 ₹ (psychological support)
- Resistance: 818 ₹ (50 DMA), 1,016 ₹ (200 DMA), 1,100–1,200 ₹ (trendline resistance)
Optimal Entry: 665–675 ₹ (near support)
Optimal Exit: 800–820 ₹ (resistance zone)
📌 Trend Status: The stock is reversing downward, showing extreme oversold momentum and trading far below key moving averages.
Positive
- Dividend yield of 2.82% provides attractive shareholder returns.
- ROCE (15.2%) and ROE (15.6%) show moderate capital efficiency.
- Quarterly PAT improved to 71.9 Cr. from 18.7 Cr., showing earnings recovery.
Limitation
- Stock P/E (45.8) is much higher than industry average (34.1), suggesting stretched valuation.
- RSI at 16.6 indicates extreme oversold conditions, reflecting weak sentiment.
- Debt-to-equity ratio of 0.91 shows moderate leverage.
- Stock trading far below both 50 DMA and 200 DMA, reflecting strong bearish trend.
Company Negative News
- FII holding decreased (-0.71%) and DII holding decreased (-0.08%), showing reduced institutional confidence.
- Stock trading near 52-week low (1.22% of high), reflecting weak sentiment.
Company Positive News
- Quarterly profit variation (+9.87%) indicates earnings recovery momentum.
- Dividend yield of 2.82% provides consistent shareholder returns.
Industry
- Industry PE at 34.1 is lower than BATAINDIA’s PE (45.8), suggesting premium valuation compared to peers.
- Footwear and retail sector outlook remains competitive, with demand tied to consumer spending and discretionary trends.
Conclusion
⚖️ BATAINDIA is reversing downward, trading far below key moving averages with extreme oversold RSI and negative MACD. Fundamentals show moderate ROE/ROCE and dividend support, but stretched valuation and weak sentiment limit upside. Traders may consider entry near 665–675 ₹ with exits around 800–820 ₹, but caution is advised as momentum remains strongly bearish despite earnings recovery.
Would you like me to extend this into a peer benchmarking overlay comparing BATAINDIA against other retail/footwear sector stocks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?