⚠ 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.
EIDPARRY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | EIDPARRY | Market Cap | 15,920 Cr. | Current Price | 895 ₹ | High / Low | 1,247 ₹ |
| Stock P/E | 794 | Book Value | 127 ₹ | Dividend Yield | 0.00 % | ROCE | 1.66 % |
| ROE | -0.79 % | Face Value | 1.00 ₹ | DMA 50 | 978 ₹ | DMA 200 | 991 ₹ |
| Chg in FII Hold | -0.16 % | Chg in DII Hold | 0.71 % | PAT Qtr | 40.7 Cr. | PAT Prev Qtr | -27.9 Cr. |
| RSI | 31.2 | MACD | -32.0 | Volume | 75,771 | Avg Vol 1Wk | 1,26,490 |
| Low price | 639 ₹ | High price | 1,247 ₹ | Debt to equity | 0.43 | 52w Index | 42.1 % |
| Qtr Profit Var | 44.2 % | EPS | -38.9 ₹ | Industry PE | 20.6 |
📈 Technical Analysis
- Chart Patterns: Stock has broken below key moving averages, showing weakness and lack of bullish structure.
- Moving Averages: Current price (895 ₹) is below 50 DMA (978 ₹) and 200 DMA (991 ₹), confirming bearish sentiment.
- RSI: At 31.2, the stock is near oversold territory, hinting at a possible short-term rebound.
- MACD: Negative (-32.0), reinforcing bearish momentum.
- Bollinger Bands: Price is hugging the lower band, suggesting oversold conditions but risk of further breakdown.
- Volume Trends: Current volume (75,771) is lower than 1-week average (126,490), showing weak participation in recent moves.
📊 Momentum & Signals
- Short-Term Momentum: Weak, but oversold RSI could trigger a technical bounce.
- Support Zones: 860 ₹ (near-term), 639 ₹ (major support).
- Resistance Zones: 978 ₹ (50 DMA), 991 ₹ (200 DMA), 1,050 ₹ (trendline resistance).
- Entry Zone: 860–880 ₹ if RSI stabilizes.
- Exit Zone: 978–1,050 ₹ on rebound; strict stop-loss below 860 ₹.
- Trend Status: Stock is bearish with signs of consolidation near support.
✅ Positive
- Quarterly profit turnaround: PAT improved to 40.7 Cr. from -27.9 Cr.
- DII holdings increased (+0.71 %), showing domestic institutional support.
- Debt-to-equity ratio at 0.43 is manageable.
⚠️ Limitation
- Extremely high P/E (794) makes valuation unattractive.
- Negative EPS (-38.9 ₹) and ROE (-0.79 %) highlight weak shareholder returns.
- Dividend yield is 0%, offering no income support for investors.
📉 Company Negative News
- Weak profitability with low ROCE (1.66 %).
- Decline in FII holding (-0.16 %) shows reduced foreign investor confidence.
📈 Company Positive News
- Strong quarterly profit variance (+44.2 %) indicates operational recovery.
- Improved PAT performance compared to previous quarter.
🏭 Industry
- Industry PE at 20.6 is far below the company’s valuation, suggesting sector is healthier than the stock.
- Sector outlook stable, but company-specific challenges weigh on performance.
🔎 Conclusion
- EIDPARRY is in a bearish trend but nearing oversold levels.
- Short-term traders may consider entry near 860–880 ₹ with exit around 978–1,050 ₹.
- Long-term investors should be cautious due to weak fundamentals and stretched valuations.