⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
DEVYANI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | DEVYANI | Market Cap | 14,375 Cr. | Current Price | 117 ₹ | High / Low | 194 ₹ |
| Book Value | 12.4 ₹ | Dividend Yield | 0.00 % | ROCE | 7.53 % | ROE | 2.20 % |
| Face Value | 1.00 ₹ | DMA 50 | 134 ₹ | DMA 200 | 154 ₹ | Chg in FII Hold | -0.78 % |
| Chg in DII Hold | -0.32 % | PAT Qtr | -14.3 Cr. | PAT Prev Qtr | 6.21 Cr. | RSI | 34.0 |
| MACD | -6.64 | Volume | 9,71,868 | Avg Vol 1Wk | 31,55,526 | Low price | 110 ₹ |
| High price | 194 ₹ | Debt to equity | 1.59 | 52w Index | 8.27 % | Qtr Profit Var | -1,505 % |
| EPS | -0.14 ₹ | Industry PE | 108 |
📊 Technical Analysis
- Chart Patterns: Stock has declined from 194 ₹ high to 117 ₹, showing a clear bearish trend.
- Moving Averages: Current price is below both 50 DMA (134 ₹) and 200 DMA (154 ₹), confirming weakness.
- RSI: 34.0 — near oversold zone, potential for short-term bounce.
- MACD: -6.64 — bearish crossover, momentum weak.
- Bollinger Bands: Price near lower band, oversold conditions visible.
- Volume Trends: Current volume (9.7L) is far below 1-week average (31.5L), showing reduced participation.
📈 Momentum & Signals
- Short-term Momentum: Weak, but oversold RSI may trigger a relief rally.
- Support Levels: Strong support near 110 ₹.
- Resistance Levels: Immediate resistance at 134 ₹ (50 DMA), next at 154 ₹ (200 DMA).
- Optimal Entry Zone: 112–118 ₹ (near support).
- Optimal Exit Zone: 130–140 ₹ (near 50 DMA resistance).
- Trend Status: Stock is trending down with oversold signals suggesting possible short-term reversal.
✅ Positive
- Industry PE (108) is high, suggesting sector growth potential.
- Book value of 12.4 ₹ provides some asset backing.
⚠️ Limitation
- High debt-to-equity ratio (1.59) indicates financial risk.
- ROCE (7.53%) and ROE (2.20%) are weak, showing poor efficiency.
- EPS is negative (-0.14 ₹), reflecting weak profitability.
📉 Company Negative News
- Quarterly PAT turned negative (-14.3 Cr vs 6.21 Cr), a decline of -1,505%.
- Both FII (-0.78%) and DII (-0.32%) holdings decreased, showing reduced institutional confidence.
- Stock has corrected heavily from 194 ₹ high to current 117 ₹.
📈 Company Positive News
- Industry remains supportive with high valuations (PE 108).
- Potential for short-term rebound due to oversold RSI.
🏭 Industry
- Industry PE at 108 highlights strong sector demand and investor interest.
- Consumer services sector remains growth-oriented but cyclical in profitability.
📝 Conclusion
- DEVYANI is in a downtrend with weak fundamentals and negative earnings.
- Best strategy: Accumulate cautiously near support (112–118 ₹) and book profits near resistance (130–140 ₹).
- Short-term traders may benefit from oversold bounce, but long-term investors should be cautious given high debt and weak profitability.