⚠ 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.
BLS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | BLS | Market Cap | 10,462 Cr. | Current Price | 254 ₹ | High / Low | 458 ₹ |
| Stock P/E | 1,395 | Book Value | 1.83 ₹ | Dividend Yield | 0.38 % | ROCE | 19.0 % |
| ROE | 22.0 % | Face Value | 1.00 ₹ | DMA 50 | 303 ₹ | DMA 200 | 340 ₹ |
| Chg in FII Hold | -0.45 % | Chg in DII Hold | 0.02 % | PAT Qtr | 4.90 Cr. | PAT Prev Qtr | 0.75 Cr. |
| RSI | 27.5 | MACD | -14.8 | Volume | 10,73,451 | Avg Vol 1Wk | 22,06,340 |
| Low price | 246 ₹ | High price | 458 ₹ | PEG Ratio | 136 | Debt to equity | 0.09 |
| 52w Index | 3.84 % | Qtr Profit Var | -73.8 % | EPS | 0.18 ₹ | Industry PE | 42.2 |
📈 Technical Analysis
- Chart Patterns: Price is below both 50 DMA (303 ₹) and 200 DMA (340 ₹), showing weakness.
- Moving Averages: Current price (254 ₹) is under both DMAs, indicating bearish bias.
- RSI: At 27.5, oversold territory, suggesting potential rebound.
- MACD: Negative (-14.8), confirming bearish momentum.
- Bollinger Bands: Price is near lower band, showing oversold conditions.
- Volume Trends: Current volume (10,73,451) is below 1-week average (22,06,340), indicating reduced participation.
📊 Momentum & Trend
- Short-term Momentum: Bearish with RSI oversold and MACD negative.
- Support Zone: 245 ₹ – 255 ₹ (near current levels).
- Resistance Zone: 300 ₹ – 310 ₹ (near 50 DMA).
- Trend: Consolidating with bearish bias.
- Optimal Entry: Around 245 ₹ – 255 ₹ if support holds.
- Optimal Exit: Around 300 ₹ – 310 ₹ unless breakout occurs.
✅ Positive
- Strong ROCE (19.0%) and ROE (22.0%).
- Low debt-to-equity (0.09), financially stable.
- Dividend yield of 0.38% provides investor returns.
⚠️ Limitation
- Extremely high P/E (1,395) compared to industry average (42.2), suggesting severe overvaluation.
- PEG ratio (136) indicates valuation is stretched relative to growth.
- EPS (0.18 ₹) is very low, showing weak profitability.
📉 Company Negative News
- FII holding decreased (-0.45%), showing reduced foreign investor confidence.
- Quarterly profit variation (-73.8%) highlights earnings volatility.
📈 Company Positive News
- DII holding increased slightly (+0.02%), showing minor domestic support.
- PAT improved (4.90 Cr vs 0.75 Cr previous quarter), showing recovery despite volatility.
🏭 Industry
- Industry PE at 42.2, far lower than company PE, suggesting overvaluation.
- Sector remains steady, but company performance is highly volatile compared to peers.
🔎 Conclusion
- Stock is consolidating with bearish signals but oversold conditions may trigger short-term rebound.
- Entry near support (245 ₹ – 255 ₹) could be favorable for speculative short-term trades.
- Exit near resistance (300 ₹ – 310 ₹) unless breakout confirms reversal.
- Long-term investors should be cautious due to extreme valuations and weak earnings stability.