CGCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | CGCL | Market Cap | 17,913 Cr. | Current Price | 186 ₹ | High / Low | 214 ₹ |
| Stock P/E | 21.7 | Book Value | 70.0 ₹ | Dividend Yield | 0.11 % | ROCE | 11.7 % |
| ROE | 15.4 % | Face Value | 1.00 ₹ | DMA 50 | 177 ₹ | DMA 200 | 179 ₹ |
| Chg in FII Hold | 1.12 % | Chg in DII Hold | -0.02 % | PAT Qtr | 243 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 59.5 | MACD | 3.86 | Volume | 26,79,275 | Avg Vol 1Wk | 23,06,932 |
| Low price | 151 ₹ | High price | 214 ₹ | PEG Ratio | 0.27 | Debt to equity | 2.81 |
| 52w Index | 56.2 % | Qtr Profit Var | 53.2 % | EPS | 8.57 ₹ | Industry PE | 18.2 |
📊 CGCL is trading at ₹186, above both its 50 DMA (₹177) and 200 DMA (₹179), showing strong technical support. RSI at 59.5 indicates neutral-to-bullish momentum, while MACD at 3.86 confirms a positive crossover. Bollinger Bands suggest price movement toward the upper band. Volume (26,79,275) is above the weekly average (23,06,932), signaling strong participation. Overall, the stock is trending upward with healthy momentum.
💡 Optimal Entry Zone: ₹180–186 (near DMA support).
📈 Exit Zone: ₹210–214 (major resistance and 52-week high).
🔎 Trend Status: Trending upward with bullish bias, supported by strong volume and MACD crossover.
✅ Positive
- Quarterly PAT increased from ₹221 Cr. to ₹243 Cr., showing strong earnings growth.
- EPS of ₹8.57 with quarterly profit variation of 53.2% highlights robust performance.
- PEG ratio of 0.27 indicates undervaluation relative to growth.
- FII holdings increased (+1.12%), reflecting strong institutional confidence.
⚠️ Limitation
- PE of 21.7 is higher than industry average (18.2), suggesting premium valuation.
- Dividend yield is very low at 0.11%.
- ROCE at 11.7% is modest compared to stronger peers.
- Debt-to-equity ratio of 2.81 indicates moderate leverage risk.
📉 Company Negative News
- No major negative news reported, but valuation premium and leverage remain concerns.
📈 Company Positive News
- Quarterly profit growth continues with PAT rising to ₹243 Cr.
- Strong institutional support with FII holdings increasing significantly.
🏭 Industry
- Industry PE is 18.2, lower than CGCL’s PE of 21.7, suggesting slight overvaluation.
- Financial services sector remains supported by credit demand and economic expansion.
🔎 Conclusion
CGCL is a strong swing trade candidate with improving profits and bullish technical momentum. Entry near ₹180–186 offers a favorable risk-reward setup, while exit near ₹210–214 is prudent unless momentum drives a breakout. Long-term investors should monitor valuation premium and leverage levels.