EIDPARRY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | EIDPARRY | Market Cap | 15,012 Cr. | Current Price | 844 ₹ | High / Low | 1,247 ₹ |
| Stock P/E | 427 | Book Value | 127 ₹ | Dividend Yield | 0.00 % | ROCE | 1.66 % |
| ROE | -0.79 % | Face Value | 1.00 ₹ | DMA 50 | 855 ₹ | DMA 200 | 927 ₹ |
| Chg in FII Hold | -0.41 % | Chg in DII Hold | 0.47 % | PAT Qtr | -54.4 Cr. | PAT Prev Qtr | 40.7 Cr. |
| RSI | 50.2 | MACD | 4.36 | Volume | 7,48,787 | Avg Vol 1Wk | 3,52,881 |
| Low price | 751 ₹ | High price | 1,247 ₹ | Debt to equity | 0.43 | 52w Index | 18.8 % |
| Qtr Profit Var | 21.7 % | EPS | -33.7 ₹ | Industry PE | 23.2 |
📈 Chart Patterns: Price is consolidating near the 50 DMA (855 ₹) and below the 200 DMA (927 ₹). No clear breakout; sideways movement dominates.
📊 Moving Averages: Current price (844 ₹) is slightly below both 50 DMA and 200 DMA, signaling weak momentum and lack of trend strength.
📉 RSI: Neutral at 50.2, showing indecision and absence of strong momentum.
📊 MACD: Positive at 4.36, indicating mild bullish crossover but not strong enough to confirm trend reversal.
📉 Bollinger Bands: Price near mid-band, suggesting consolidation with low volatility expansion.
📊 Volume Trends: Current volume (7.48L) is more than double the 1-week average (3.52L), hinting at short-term accumulation but without breakout confirmation.
🎯 Momentum Signals: Neutral to mildly bullish. Volume spike supports accumulation, but RSI and moving averages remain weak.
💹 Entry Zone: 820–835 ₹ (support levels).
💹 Exit Zone: 880–900 ₹ (resistance levels).
📌 Trend Status: Consolidating with slight bullish bias.
Positive
- Strong volume activity indicates potential accumulation.
- MACD positive crossover supports short-term bullishness.
- Debt-to-equity ratio at 0.43 is manageable.
Limitation
- Extremely high P/E (427) makes valuation unattractive.
- Negative EPS (-33.7 ₹) and weak ROE (-0.79%).
- Price below both 50 DMA and 200 DMA, showing weak technical strength.
Company Negative News
- Quarterly PAT dropped to -54.4 Cr. from +40.7 Cr.
- FII holdings reduced (-0.41%).
Company Positive News
- DII holdings increased (+0.47%), showing domestic institutional support.
- 52-week index return at 18.8% indicates sector participation.
Industry
- Sugar sector remains cyclical, influenced by government policies and monsoon trends.
- Industry PE at 23.2 highlights sector stability compared to company’s stretched valuation.
Conclusion
⚖️ EIDPARRY is consolidating with mild bullish signals from volume and MACD. However, weak fundamentals (negative EPS, high P/E, poor ROE) limit upside potential. Suitable for short-term trades within entry (820–835 ₹) and exit (880–900 ₹) zones, while long-term investors should wait for earnings recovery before considering fresh positions.