DEVYANI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | DEVYANI | Market Cap | 13,469 Cr. | Current Price | 109 ₹ | High / Low | 191 ₹ |
| Book Value | 12.4 ₹ | Dividend Yield | 0.00 % | ROCE | 7.53 % | ROE | 2.20 % |
| Face Value | 1.00 ₹ | DMA 50 | 125 ₹ | DMA 200 | 146 ₹ | Chg in FII Hold | -0.78 % |
| Chg in DII Hold | -0.32 % | PAT Qtr | 8.56 Cr. | PAT Prev Qtr | -14.3 Cr. | RSI | 34.2 |
| MACD | -5.36 | Volume | 25,74,613 | Avg Vol 1Wk | 53,76,831 | Low price | 103 ₹ |
| High price | 191 ₹ | Debt to equity | 1.59 | 52w Index | 7.51 % | Qtr Profit Var | 98.6 % |
| EPS | -0.28 ₹ | Industry PE | 65.3 |
📊 Chart & Trend Analysis: DEVYANI is trading at ₹109, below both its 50 DMA (₹125) and 200 DMA (₹146), indicating bearish momentum. RSI at 34.2 shows the stock is nearing oversold territory. MACD at -5.36 confirms negative momentum. Bollinger Bands suggest price is near the lower band, with support around ₹103.
📈 Momentum Signals: Current volume (25.7 lakh) is significantly lower than the 1-week average (53.7 lakh), showing reduced participation. Weak RSI and negative MACD reinforce bearish bias, suggesting selling pressure dominates.
💡 Entry Zone: Optimal entry around ₹105–110 (near support).
🚪 Exit Zone: Resistance seen at ₹125 (50 DMA) and ₹146 (200 DMA). Profit booking advised near these levels.
🔎 Trend Status: The stock is currently consolidating with bearish bias. A breakout above ₹125 would indicate recovery momentum.
Positive
- Quarterly PAT turned positive (₹8.56 Cr vs -₹14.3 Cr), showing operational improvement.
- Large market cap (₹13,469 Cr) adds credibility.
- 52-week index gain of 7.51% highlights some long-term resilience.
Limitation
- Negative EPS (-₹0.28) reflects weak profitability.
- High debt-to-equity ratio (1.59) indicates leverage risk.
- Weak ROCE (7.53%) and ROE (2.20%) compared to peers.
- Trading below both 50 DMA and 200 DMA highlights weak technical strength.
Company Negative News
- Decline in FII holding (-0.78%) and DII holding (-0.32%) shows reduced institutional confidence.
- High leverage raises financial risk in volatile markets.
Company Positive News
- Quarterly profit variation (+98.6% YoY) highlights operational turnaround.
Industry
- Industry P/E at 65.3 is high, reflecting premium valuations across QSR/restaurant peers.
- Quick-service restaurant sector remains resilient, supported by rising consumer demand and expansion strategies.
Conclusion
⚖️ DEVYANI shows signs of operational recovery but faces weak fundamentals and high leverage. Short-term consolidation with bearish bias is evident. Entry near ₹105–110 offers margin of safety, while exits should be considered near ₹125–146. Long-term investors should be cautious given profitability concerns, while traders may wait for confirmation above 50 DMA before aggressive buying.
Would you like me to extend this into a peer benchmarking overlay (e.g., comparing DEVYANI with Jubilant FoodWorks, Sapphire Foods, and Westlife Foodworld) to highlight relative strength and sector rotation opportunities?