CENTRALBK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | CENTRALBK | Market Cap | 32,965 Cr. | Current Price | 36.4 ₹ | High / Low | 41.2 ₹ |
| Stock P/E | 7.55 | Book Value | 42.5 ₹ | Dividend Yield | 1.65 % | ROCE | 5.61 % |
| ROE | 11.6 % | Face Value | 10.0 ₹ | DMA 50 | 35.9 ₹ | DMA 200 | 37.9 ₹ |
| Chg in FII Hold | -0.10 % | Chg in DII Hold | 0.00 % | PAT Qtr | 724 Cr. | PAT Prev Qtr | 1,263 Cr. |
| RSI | 55.1 | MACD | 0.29 | Volume | 58,95,846 | Avg Vol 1Wk | 51,43,546 |
| Low price | 31.3 ₹ | High price | 41.2 ₹ | PEG Ratio | 0.19 | Debt to equity | 13.0 |
| 52w Index | 51.8 % | Qtr Profit Var | -29.9 % | EPS | 4.83 ₹ | Industry PE | 7.99 |
📊 CENTRALBK is trading at ₹36.4, slightly above its 50 DMA (₹35.9) but below its 200 DMA (₹37.9), reflecting weak medium-term strength. RSI at 55.1 indicates neutral momentum, while MACD at 0.29 shows a mild bullish crossover. Bollinger Bands suggest price consolidating in the mid-range. Volume (58,95,846) is above the weekly average (51,43,546), signaling strong participation. Overall, the stock is consolidating with limited bullish bias.
💡 Optimal Entry Zone: ₹35–36 (near 50 DMA support).
📈 Exit Zone: ₹40–41 (resistance and recent swing high).
🔎 Trend Status: Consolidating with mild upward bias; reversal risk if price fails to sustain above 200 DMA.
✅ Positive
- EPS of ₹4.83 with PEG ratio of 0.19 indicates undervaluation relative to growth.
- Dividend yield of 1.65% provides income support.
- Price supported by strong trading volume above weekly average.
- Stock P/E of 7.55 is below industry average (7.99), suggesting undervaluation.
⚠️ Limitation
- Quarterly PAT declined sharply from ₹1,263 Cr. to ₹724 Cr. (-29.9%).
- High debt-to-equity ratio of 13.0 increases financial risk.
- ROCE at 5.61% is weak compared to peers.
- Price trading below 200 DMA signals medium-term weakness.
📉 Company Negative News
- FII holdings decreased (-0.10%), showing reduced foreign investor confidence.
- Quarterly profit decline raises concerns about earnings stability.
📈 Company Positive News
- Dividend yield remains stable at 1.65%, supporting long-term investors.
- Strong trading volume indicates active market participation.
🏭 Industry
- Industry PE is 7.99, slightly higher than CENTRALBK’s PE of 7.55, suggesting modest undervaluation.
- Banking sector benefits from credit demand and government-led infrastructure push, but asset quality risks persist.
🔎 Conclusion
CENTRALBK is consolidating near support levels with undervaluation and dividend support, but weak ROCE and declining profits limit upside. Entry near ₹35–36 offers a safer setup, while exit near ₹40–41 is prudent unless momentum improves. Long-term investors should monitor debt levels and earnings stability closely.