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COCHINSHIP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | COCHINSHIP | Market Cap | 39,798 Cr. | Current Price | 1,513 ₹ | High / Low | 2,547 ₹ |
| Stock P/E | 55.9 | Book Value | 219 ₹ | Dividend Yield | 0.63 % | ROCE | 20.4 % |
| ROE | 15.8 % | Face Value | 5.00 ₹ | DMA 50 | 1,606 ₹ | DMA 200 | 1,679 ₹ |
| Chg in FII Hold | -0.48 % | Chg in DII Hold | -0.01 % | PAT Qtr | 138 Cr. | PAT Prev Qtr | 101 Cr. |
| RSI | 47.8 | MACD | -8.57 | Volume | 23,59,117 | Avg Vol 1Wk | 18,72,319 |
| Low price | 1,180 ₹ | High price | 2,547 ₹ | PEG Ratio | 4.35 | Debt to equity | 0.18 |
| 52w Index | 24.3 % | Qtr Profit Var | -25.3 % | EPS | 27.0 ₹ | Industry PE | 41.4 |
📊 Technical Analysis
- Chart Patterns: COCHINSHIP has corrected from its 52-week high of 2,547 ₹ and is consolidating near 1,513 ₹.
- Moving Averages: Price (1,513 ₹) is below both 50 DMA (1,606 ₹) and 200 DMA (1,679 ₹), confirming bearish momentum.
- RSI: At 47.8, neutral zone — neither overbought nor oversold.
- MACD: Negative (-8.57), reinforcing mild bearish sentiment.
- Bollinger Bands: Price near mid-band, suggesting consolidation.
- Volume Trends: Current volume (23.6 lakh) above 1-week average (18.7 lakh), showing strong participation.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and price below moving averages.
- Support Levels: 1,480 ₹ (near-term), 1,420 ₹ (major support).
- Resistance Levels: 1,550 ₹ (short-term), 1,606 ₹ (50 DMA).
- Optimal Entry Zone: 1,480–1,510 ₹ (close to support).
- Optimal Exit Zone: 1,550–1,600 ₹ (near resistance).
- Trend Status: Consolidating with bearish bias.
✅ Positive
- Strong ROCE (20.4%) and ROE (15.8%) highlight efficient capital usage.
- EPS of 27.0 ₹ supports earnings visibility.
- Debt-to-equity ratio of 0.18 indicates low leverage.
- Sequential PAT growth (138 Cr vs 101 Cr) shows operational improvement.
⚠️ Limitation
- P/E (55.9) above industry PE (41.4), suggesting premium valuation.
- PEG ratio (4.35) indicates expensive valuation relative to growth.
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
📉 Company Negative News
- FII holdings decreased (-0.48%), showing reduced foreign investor confidence.
- DII holdings slightly decreased (-0.01%), reflecting cautious domestic sentiment.
- Quarterly profit variation (-25.3%) highlights earnings slowdown.
📈 Company Positive News
- Sequential PAT growth indicates operational improvement.
- Strong fundamentals with high ROCE and ROE.
🏭 Industry
- Shipbuilding and defense sector supported by government contracts and infrastructure expansion.
- Industry PE at 41.4 vs stock PE at 55.9 — stock trades at premium valuation.
🔎 Conclusion
- COCHINSHIP is consolidating with short-term bearish signals but strong fundamentals provide medium-term support.
- Best entry near 1,480–1,510 ₹, exit near 1,550–1,600 ₹ unless breakout above 1,606 ₹ occurs.
- Medium-term outlook cautious due to premium valuation and earnings slowdown, though sector demand and operational strength provide resilience.