CENTURYPLY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | CENTURYPLY | Market Cap | 15,048 Cr. | Current Price | 679 ₹ | High / Low | 859 ₹ |
| Stock P/E | 54.6 | Book Value | 115 ₹ | Dividend Yield | 0.15 % | ROCE | 15.1 % |
| ROE | 12.3 % | Face Value | 1.00 ₹ | DMA 50 | 741 ₹ | DMA 200 | 763 ₹ |
| Chg in FII Hold | -0.18 % | Chg in DII Hold | 0.23 % | PAT Qtr | 63.9 Cr. | PAT Prev Qtr | 72.8 Cr. |
| RSI | 39.8 | MACD | -27.8 | Volume | 51,264 | Avg Vol 1Wk | 35,465 |
| Low price | 630 ₹ | High price | 859 ₹ | PEG Ratio | -12.9 | Debt to equity | 0.29 |
| 52w Index | 21.4 % | Qtr Profit Var | 0.14 % | EPS | 12.2 ₹ | Industry PE | 30.2 |
📈 Chart & Trend: CENTURYPLY is trading at ₹679, below both its 50 DMA (₹741) and 200 DMA (₹763). This indicates short-term and medium-term weakness, with the stock trending downward.
📊 Momentum Indicators:
- RSI at 39.8 suggests oversold conditions, potential for rebound.
- MACD at -27.8 shows bearish crossover, confirming short-term weakness.
- Bollinger Bands: Price near lower band, indicating possible mean reversion.
- Volume: Current volume (51,264) is higher than 1-week average (35,465), showing increased participation.
🔑 Support & Resistance:
- Support zone: ₹670–₹680
- Resistance zone: ₹740–₹750 (near 50 DMA)
- Breakout resistance: ₹760–₹770 (near 200 DMA)
- Long-term support: ₹630
📌 Entry & Exit Zones:
- Entry: ₹670–₹685 (near support)
- Exit: ₹740–₹760 (resistance zone)
- Stop-loss: ₹650
📉 Trend Status: Currently reversing from highs and showing bearish consolidation. Needs a breakout above ₹741–₹763 to regain strength.
Positive
- ROCE at 15.1% and ROE at 12.3% reflect decent operational efficiency.
- Debt-to-equity ratio of 0.29 indicates low leverage.
- EPS of ₹12.2 with consistent profitability.
- DII holdings increased by 0.23%, showing domestic investor confidence.
Limitation
- Stock P/E of 54.6 is significantly higher than industry PE of 30.2, indicating premium valuation.
- PEG ratio of -12.9 suggests weak growth relative to valuation.
- Quarterly PAT declined (₹63.9 Cr vs ₹72.8 Cr), showing earnings pressure.
- FII holdings decreased by 0.18%, showing reduced foreign confidence.
Company Negative News
- No major recent negative news reported, but earnings decline and high valuation are concerns.
Company Positive News
- Low debt levels strengthen financial stability.
- Domestic institutional investors increasing stake.
Industry
- Industry PE at 30.2 vs stock PE at 54.6 shows CENTURYPLY trades at a premium.
- Plywood and building materials sector supported by housing demand, though cyclical pressures remain.
Conclusion
⚡ CENTURYPLY is in a bearish consolidation phase, trading below key moving averages. Entry near ₹670–₹685 offers margin of safety, with exit targets around ₹740–₹760. Strong fundamentals and low debt support long-term prospects, but premium valuation and recent earnings decline pose short-term risks.
Would you like me to extend this into a peer benchmarking overlay comparing CENTURYPLY with Greenply, Rushil Décor, and other building material companies to highlight relative strength and valuation gaps?