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CONCOR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | CONCOR | Market Cap | 38,694 Cr. | Current Price | 508 ₹ | High / Low | 653 ₹ |
| Stock P/E | 30.5 | Book Value | 167 ₹ | Dividend Yield | 1.77 % | ROCE | 13.8 % |
| ROE | 10.7 % | Face Value | 5.00 ₹ | DMA 50 | 512 ₹ | DMA 200 | 549 ₹ |
| Chg in FII Hold | -3.33 % | Chg in DII Hold | 2.86 % | PAT Qtr | 329 Cr. | PAT Prev Qtr | 377 Cr. |
| RSI | 48.7 | MACD | -4.90 | Volume | 40,42,418 | Avg Vol 1Wk | 23,20,691 |
| Low price | 473 ₹ | High price | 653 ₹ | PEG Ratio | 4.57 | Debt to equity | 0.07 |
| 52w Index | 19.6 % | Qtr Profit Var | -4.17 % | EPS | 16.6 ₹ | Industry PE | 23.1 |
📊 Technical Analysis
- Chart Patterns: CONCOR is trading near its support zone (473–490 ₹) after a decline from highs of 653 ₹, showing sideways consolidation with mild bearish bias.
- Moving Averages: Current price (508 ₹) is slightly below 50 DMA (512 ₹) and well below 200 DMA (549 ₹), indicating weak momentum.
- RSI: At 48.7, the stock is neutral, neither overbought nor oversold.
- MACD: Negative (-4.90), suggesting mild bearish sentiment.
- Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility.
- Volume Trends: Current volume (40.42L) is higher than 1-week average (23.20L), showing increased activity and possible accumulation.
📈 Momentum & Signals
- Short-Term Momentum: Neutral to weak, with potential for consolidation breakout.
- Support Zones: 473–490 ₹ (strong support), 500 ₹ (psychological support).
- Resistance Zones: 512 ₹ (50 DMA), 549 ₹ (200 DMA), 600 ₹ (major resistance).
- Optimal Entry: Around 490–505 ₹ if support holds.
- Optimal Exit: 545–560 ₹ range, unless breakout above 600 ₹ confirms reversal.
- Trend Status: Currently consolidating with mild bearish bias; reversal possible if price sustains above 549 ₹.
✅ Positive
- Strong market cap (38,694 Cr.) ensures liquidity and stability.
- Dividend yield of 1.77% provides steady income support.
- DII holdings increased (+2.86%), showing domestic institutional confidence.
- Low debt-to-equity (0.07) indicates financial strength.
⚠️ Limitation
- Stock P/E (30.5) is higher than industry PE (23.1), suggesting overvaluation.
- PEG ratio of 4.57 indicates expensive growth prospects.
- Quarterly profit declined (-4.17%), showing earnings pressure.
- ROCE (13.8%) and ROE (10.7%) are modest compared to peers.
📉 Company Negative News
- FII holdings declined (-3.33%), showing reduced foreign investor confidence.
- PAT dropped from 377 Cr. to 329 Cr., reflecting earnings slowdown.
📈 Company Positive News
- DII holdings increased significantly (+2.86%), showing domestic support.
- Strong liquidity with high trading volumes compared to average.
- Dividend yield of 1.77% adds investor appeal.
🏭 Industry
- Industry P/E is 23.1, lower than CONCOR’s 30.5, suggesting relative overvaluation.
- Logistics sector remains crucial for India’s trade growth, but cyclical demand and fuel costs impact margins.
📝 Conclusion
- CONCOR is fundamentally stable but technically consolidating with mild bearish bias.
- Stock may see a relief rally if support near 490 ₹ holds and price sustains above 512–549 ₹.
- Best strategy: Accumulate cautiously near 490–505 ₹ with exit around 545–560 ₹ unless breakout above 600 ₹ confirms reversal.