CONCOR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | CONCOR | Market Cap | 34,916 Cr. | Current Price | 459 ₹ | High / Low | 653 ₹ |
| Stock P/E | 27.6 | Book Value | 167 ₹ | Dividend Yield | 2.01 % | ROCE | 13.8 % |
| ROE | 10.7 % | Face Value | 5.00 ₹ | DMA 50 | 493 ₹ | DMA 200 | 533 ₹ |
| Chg in FII Hold | -3.33 % | Chg in DII Hold | 2.86 % | PAT Qtr | 329 Cr. | PAT Prev Qtr | 377 Cr. |
| RSI | 33.8 | MACD | -13.2 | Volume | 34,78,383 | Avg Vol 1Wk | 25,57,972 |
| Low price | 443 ₹ | High price | 653 ₹ | PEG Ratio | 4.13 | Debt to equity | 0.07 |
| 52w Index | 7.24 % | Qtr Profit Var | -4.17 % | EPS | 16.6 ₹ | Industry PE | 21.0 |
📊 Chart & Trend Analysis: CONCOR is trading at ₹459, below both its 50 DMA (₹493) and 200 DMA (₹533), indicating bearish momentum. RSI at 33.8 shows the stock is approaching oversold territory. MACD at -13.2 confirms negative momentum. Bollinger Bands suggest price is near the lower band, with support around ₹443.
📈 Momentum Signals: Volume (34.78 lakh) is higher than the 1-week average (25.57 lakh), showing strong participation but largely on the selling side. Weak RSI and negative MACD reinforce bearish bias.
💡 Entry Zone: Optimal entry around ₹445–460 (near support).
🚪 Exit Zone: Resistance seen at ₹493 (50 DMA) and ₹533 (200 DMA). Profit booking advised near these levels.
🔎 Trend Status: The stock is currently consolidating with bearish bias. A breakout above ₹493 would indicate recovery momentum.
Positive
- Dividend yield of 2.01% provides steady income.
- Low debt-to-equity (0.07) ensures financial stability.
- Large market cap (₹34,916 Cr) adds institutional credibility.
Limitation
- ROCE (13.8%) and ROE (10.7%) are relatively weak compared to peers.
- PEG ratio of 4.13 suggests expensive valuation relative to growth.
- Trading below both 50 DMA and 200 DMA highlights weak technical strength.
Company Negative News
- Decline in FII holding (-3.33%) shows reduced foreign investor confidence.
- Quarterly profit decline (₹329 Cr vs ₹377 Cr) indicates earnings pressure.
Company Positive News
- DII holding increased (+2.86%), showing strong domestic institutional support.
Industry
- Industry P/E at 21.0 is lower than CONCOR’s P/E (27.6), suggesting sector peers may be more attractively valued.
- Logistics and container transport sector remains vital for India’s trade growth, but faces margin pressures from rising costs.
Conclusion
⚖️ CONCOR shows stable fundamentals with low debt and healthy dividend yield, but weak technical momentum and declining profits weigh on performance. Short-term consolidation with bearish bias is evident. Entry near ₹445–460 offers margin of safety, while exits should be considered near ₹493–533. Long-term investors may hold for dividend and sector relevance, but traders should wait for confirmation above 50 DMA before aggressive buying.
Would you like me to extend this into a basket overlay with peer benchmarking (e.g., comparing CONCOR with Adani Ports, Gati, and other logistics players) to highlight relative strength and sector rotation opportunities?