⚠ 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.
BBTC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | BBTC | Market Cap | 11,924 Cr. | Current Price | 1,709 ₹ | High / Low | 2,225 ₹ |
| Stock P/E | 158 | Book Value | 31.2 ₹ | Dividend Yield | 1.02 % | ROCE | 28.0 % |
| ROE | 55.5 % | Face Value | 2.00 ₹ | DMA 50 | 1,823 ₹ | DMA 200 | 1,899 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | -0.01 % | PAT Qtr | -10.6 Cr. | PAT Prev Qtr | -12.2 Cr. |
| RSI | 34.7 | MACD | -43.7 | Volume | 34,982 | Avg Vol 1Wk | 32,805 |
| Low price | 1,521 ₹ | High price | 2,225 ₹ | PEG Ratio | 0.99 | Debt to equity | 1.21 |
| 52w Index | 26.7 % | Qtr Profit Var | 8.74 % | EPS | 21.4 ₹ | Industry PE | 49.7 |
📈 Technical Analysis
- Chart Patterns: Stock has corrected from highs (2,225 ₹) and is trading at 1,709 ₹, showing weakness and inability to sustain above moving averages.
- Moving Averages: Current price is below both 50 DMA (1,823 ₹) and 200 DMA (1,899 ₹), confirming bearish bias.
- RSI: At 34.7, stock is weak and approaching oversold territory, suggesting limited downside but lack of strong momentum.
- MACD: Negative (-43.7), confirming strong bearish momentum.
- Bollinger Bands: Price near lower band, indicating oversold conditions and possible stabilization.
- Volume Trends: Current volume (34,982) is slightly above average weekly volume (32,805), showing mild participation but no strong conviction.
🎯 Momentum & Trade Zones
- Short-term Momentum: Weak, with bearish signals dominating but possible rebound near support.
- Support Levels: 1,700 ₹ (near-term), 1,521 ₹ (major support).
- Resistance Levels: 1,823 ₹ (50 DMA), 1,899 ₹ (200 DMA), 2,000 ₹ (strong resistance).
- Optimal Entry: 1,700–1,720 ₹ range if RSI stabilizes.
- Optimal Exit: 1,820–1,900 ₹ unless breakout above 2,000 ₹ is confirmed.
📊 Trend Status
Stock is reversing from highs with strong bearish signals, but oversold RSI suggests possible rebound near support.
✅ Positive
- Strong ROCE (28.0%) and ROE (55.5%).
- EPS at 21.4 ₹ supports earnings visibility.
- PEG ratio of 0.99 indicates reasonable valuation relative to growth.
- FII holding increased slightly (+0.12%), showing marginal foreign investor confidence.
⚠️ Limitation
- Extremely high valuation with P/E of 158 vs industry average of 49.7.
- High debt-to-equity ratio at 1.21.
- Quarterly PAT remains negative (-10.6 Cr.).
📉 Company Negative News
- DII holding decreased (-0.01%), showing reduced domestic institutional interest.
- Quarterly losses continue despite slight improvement.
📈 Company Positive News
- Sequential improvement in PAT (-10.6 Cr. vs -12.2 Cr.).
- Strong ROE and ROCE highlight efficient capital utilization despite losses.
🏭 Industry
- Conglomerate sector trading at industry P/E of 49.7, far lower than BBTC’s valuation.
- Sector supported by diversified holdings but faces cyclical risks.
🔎 Conclusion
BBTC is technically reversing with strong bearish signals but oversold RSI suggests possible rebound near 1,700–1,720 ₹. Traders may consider cautious entry with exit around 1,820–1,900 ₹. Long-term investors should wait for breakout above 2,000 ₹ for bullish confirmation, given high debt levels, extreme valuation, and continued losses.