EIDPARRY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.3
| Stock Code | EIDPARRY | Market Cap | 14,576 Cr. | Current Price | 820 ₹ | High / Low | 1,247 ₹ |
| Stock P/E | 415 | Book Value | 127 ₹ | Dividend Yield | 0.00 % | ROCE | 1.66 % |
| ROE | -0.79 % | Face Value | 1.00 ₹ | DMA 50 | 888 ₹ | DMA 200 | 956 ₹ |
| Chg in FII Hold | -0.16 % | Chg in DII Hold | 0.71 % | PAT Qtr | -54.4 Cr. | PAT Prev Qtr | 40.7 Cr. |
| RSI | 41.4 | MACD | -28.4 | Volume | 1,87,558 | Avg Vol 1Wk | 1,91,805 |
| Low price | 687 ₹ | High price | 1,247 ₹ | Debt to equity | 0.43 | 52w Index | 23.9 % |
| Qtr Profit Var | 21.7 % | EPS | -33.7 ₹ | Industry PE | 20.2 |
📉 Chart & Trend: EIDPARRY is currently trading at ₹820, below both its 50 DMA (₹888) and 200 DMA (₹956), indicating a weak technical setup. The price action suggests a consolidation-to-downtrend
📊 Momentum Indicators:
- RSI at 41.4 shows weak momentum, leaning towards oversold but not yet a reversal signal.
- MACD at -28.4 confirms bearish momentum.
- Bollinger Bands: Price is near the lower band, suggesting limited downside but no strong reversal yet.
- Volume is slightly below average, showing lack of strong buying interest.
📈 Support & Resistance:
- Immediate support: ₹687 (recent low).
- Resistance zones: ₹888 (50 DMA) and ₹956 (200 DMA).
- Optimal entry: Near ₹700–720 if support holds.
- Exit zone: ₹880–900 if short-term rebound occurs.
🔎 Trend Status: The stock is consolidating with bearish bias, not yet showing reversal strength.
Positive
- Debt-to-equity ratio at 0.43 indicates manageable leverage.
- Industry PE at 20.2 is far lower than stock PE, suggesting potential re-rating if fundamentals improve.
- Company has strong sector presence in sugar and allied industries.
Limitation
- Stock P/E at 415 is extremely high compared to industry average.
- ROCE (1.66%) and ROE (-0.79%) are weak, showing poor capital efficiency.
- EPS is negative (-₹33.7), limiting valuation attractiveness.
Company Negative News
- Latest quarter PAT at -₹54.4 Cr compared to previous +₹40.7 Cr shows sharp decline.
- FII holding decreased by -0.16%, indicating reduced foreign investor confidence.
Company Positive News
- DII holding increased by +0.71%, showing domestic institutional support.
- Quarter profit variation at 21.7% suggests operational volatility but potential for recovery.
Industry
- Sugar industry is cyclical, influenced by government policies and global commodity prices.
- Industry PE at 20.2 highlights that peers are valued more reasonably, leaving scope for correction in EIDPARRY.
Conclusion
⚠️ EIDPARRY is technically weak, consolidating below key moving averages with bearish momentum. Entry is only advisable near strong support zones (₹700–720) with strict stop-loss. Short-term rebound may target ₹880–900, but long-term fundamentals remain unattractive unless profitability stabilizes.
Would you like me to also prepare a basket overlay with peer benchmarking (comparing EIDPARRY against other sugar sector stocks like Balrampur Chini, Dhampur, etc.) so you can see relative strength and compounding opportunities?