⚠ 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.
BIKAJI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | BIKAJI | Market Cap | 16,408 Cr. | Current Price | 655 ₹ | High / Low | 821 ₹ |
| Stock P/E | 62.9 | Book Value | 61.4 ₹ | Dividend Yield | 0.15 % | ROCE | 20.1 % |
| ROE | 16.0 % | Face Value | 1.00 ₹ | DMA 50 | 706 ₹ | DMA 200 | 725 ₹ |
| Chg in FII Hold | -1.42 % | Chg in DII Hold | 1.85 % | PAT Qtr | 64.7 Cr. | PAT Prev Qtr | 84.5 Cr. |
| RSI | 34.5 | MACD | -18.8 | Volume | 1,06,367 | Avg Vol 1Wk | 4,34,401 |
| Low price | 520 ₹ | High price | 821 ₹ | PEG Ratio | 1.63 | Debt to equity | 0.16 |
| 52w Index | 44.8 % | Qtr Profit Var | 110 % | EPS | 10.1 ₹ | Industry PE | 49.7 |
📈 Technical Analysis
- Chart Patterns: Stock has corrected from highs (821 ₹) and is trading at 655 ₹, showing weakness and inability to sustain above key moving averages.
- Moving Averages: Current price is below both 50 DMA (706 ₹) and 200 DMA (725 ₹), confirming bearish bias.
- RSI: At 34.5, stock is weak and approaching oversold territory, suggesting limited downside but potential for rebound.
- MACD: Negative (-18.8), confirming bearish momentum in the short term.
- Bollinger Bands: Price near lower band, indicating oversold conditions and possible stabilization.
- Volume Trends: Current volume (1,06,367) is significantly lower than average weekly volume (4,34,401), showing weak participation and cautious sentiment.
🎯 Momentum & Trade Zones
- Short-term Momentum: Weak, with bearish signals dominating but oversold RSI may trigger a bounce.
- Support Levels: 640 ₹ (near-term), 610 ₹ (major support).
- Resistance Levels: 675 ₹ (short-term), 706–725 ₹ (DMA zone), 821 ₹ (recent high).
- Optimal Entry: 640–655 ₹ range if RSI stabilizes.
- Optimal Exit: 675–700 ₹ unless breakout above 706 ₹ is confirmed.
📊 Trend Status
Stock is consolidating after a sharp correction, with bearish short-term signals but medium-term support possible near 640 ₹.
✅ Positive
- Strong ROCE (20.1%) and ROE (16.0%).
- Quarterly PAT growth (+110% YoY) shows earnings improvement despite sequential decline.
- PEG ratio of 1.63 indicates reasonable valuation relative to growth.
- 52-week index gain of 44.8% highlights investor interest.
⚠️ Limitation
- High valuation with P/E of 62.9 vs industry average of 49.7.
- Dividend yield modest at 0.15%.
- Weak technical momentum with RSI near oversold and MACD negative.
📉 Company Negative News
- FII holding decreased (-1.42%), showing reduced foreign investor confidence.
- Sequential PAT decline (64.7 Cr. vs 84.5 Cr.).
📈 Company Positive News
- DII holding increased (+1.85%), reflecting strong domestic institutional support.
- EPS at 10.1 ₹ supports earnings visibility despite short-term weakness.
🏭 Industry
- FMCG sector trading at industry P/E of 49.7, lower than Bikaji’s valuation.
- Sector supported by rising consumer demand and packaged food growth trends.
🔎 Conclusion
Bikaji is technically consolidating with weak short-term momentum but oversold signals suggest possible rebound near 640–655 ₹. Traders may consider cautious entry with exit around 675–700 ₹. Long-term investors should wait for breakout above 706–725 ₹ for bullish confirmation, given premium valuation and sequential profit decline.