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CANFINHOME - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | CANFINHOME | Market Cap | 12,238 Cr. | Current Price | 919 ₹ | High / Low | 972 ₹ |
| Stock P/E | 12.5 | Book Value | 410 ₹ | Dividend Yield | 1.27 % | ROCE | 9.34 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 902 ₹ | DMA 200 | 832 ₹ |
| Chg in FII Hold | 0.72 % | Chg in DII Hold | 0.82 % | PAT Qtr | 265 Cr. | PAT Prev Qtr | 251 Cr. |
| RSI | 46.8 | MACD | -1.76 | Volume | 92,613 | Avg Vol 1Wk | 1,45,794 |
| Low price | 558 ₹ | High price | 972 ₹ | PEG Ratio | 0.57 | Debt to equity | 6.61 |
| 52w Index | 87.3 % | Qtr Profit Var | 24.8 % | EPS | 73.2 ₹ | Industry PE | 16.4 |
📊 Technical Analysis
- Chart Patterns: Stock consolidating near upper resistance (972 ₹) after a strong uptrend from 558 ₹.
- Moving Averages: Current price (919 ₹) above 50 DMA (902 ₹) and 200 DMA (832 ₹), confirming medium-term bullish trend.
- RSI: At 46.8, neutral — no strong momentum signal.
- MACD: Negative (-1.76), short-term weakness indicated.
- Bollinger Bands: Price near mid-band, suggesting consolidation with low volatility.
- Volume Trends: Current volume (92,613) below 1-week average (145,794), showing reduced buying interest.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and low volume.
- Support Levels: 902 ₹ (50 DMA), 880 ₹ (trendline support).
- Resistance Levels: 940 ₹ (near-term), 972 ₹ (major resistance).
- Optimal Entry Zone: 890–905 ₹ (close to support).
- Optimal Exit Zone: 950–970 ₹ (near resistance).
- Trend Status: Consolidating with mild bullish bias.
✅ Positive
- Strong EPS (73.2 ₹) and attractive PEG ratio (0.57).
- ROE at 18.2% reflects efficient capital usage.
- Quarterly PAT growth (265 Cr vs 251 Cr) shows improving profitability.
- Stock trading at discount compared to industry PE (12.5 vs 16.4).
⚠️ Limitation
- High debt-to-equity ratio (6.61) raises financial risk.
- ROCE at 9.34% is relatively modest.
- Weak trading volume suggests lack of strong momentum.
📉 Company Negative News
- High leverage could pressure margins if interest rates rise.
- Stock facing resistance near 972 ₹, risk of pullback if breakout fails.
📈 Company Positive News
- Quarterly profit variation of 24.8% highlights strong growth.
- Institutional confidence with FII (+0.72%) and DII (+0.82%) holding increases.
🏭 Industry
- Housing finance sector supported by strong demand and government initiatives.
- Industry PE at 16.4 vs stock PE at 12.5 — valuation advantage.