EIDPARRY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 1.9
| Stock Code | EIDPARRY | Market Cap | 13,229 Cr. | Current Price | 743 ₹ | High / Low | 1,247 ₹ |
| Stock P/E | 245 | Book Value | 105 ₹ | Dividend Yield | 0.00 % | ROCE | 6.20 % |
| ROE | 2.44 % | Face Value | 1.00 ₹ | DMA 50 | 826 ₹ | DMA 200 | 907 ₹ |
| Chg in FII Hold | -0.41 % | Chg in DII Hold | 0.47 % | PAT Qtr | 69.4 Cr. | PAT Prev Qtr | -54.4 Cr. |
| RSI | 29.5 | MACD | -19.6 | Volume | 5,32,241 | Avg Vol 1Wk | 3,98,380 |
| Low price | 742 ₹ | High price | 1,247 ₹ | PEG Ratio | -5.81 | Debt to equity | 0.73 |
| 52w Index | 0.20 % | Qtr Profit Var | -9.42 % | EPS | -39.8 ₹ | Industry PE | 23.6 |
Chart & Trend Analysis:
EIDPARRY is trading at ₹743, significantly below its 50 DMA (₹826) and 200 DMA (₹907), confirming a bearish structure. RSI at 29.5 indicates oversold territory, while MACD at -19.6 signals persistent downward momentum. Bollinger Bands are widening, reflecting volatility expansion. Current volume (5.32L) exceeds the weekly average (3.98L), showing strong selling pressure.
Momentum Signals:
- Oversold RSI suggests potential short-term rebound.
- Resistance zones: ₹820–830 (50 DMA), ₹900 (trendline barrier).
- Support zones: immediate ₹740–742, deeper support at ₹700.
- Trend status: Bearish with weak rebound potential; stock is consolidating near support.
Entry Zone: ₹740–742 (risk-managed accumulation only)
Exit Zone: ₹820–830 (profit booking zone)
Stop-Loss: Below ₹700
Positive
- Debt-to-equity ratio at 0.73 remains manageable.
- Quarterly PAT improved to ₹69.4 Cr from a loss of -₹54.4 Cr.
- DIIs increased holdings (+0.47%), showing cautious institutional support.
Limitation
- Extremely high P/E (245) vs industry average (23.6).
- Negative EPS (-₹39.8) and weak profitability (ROE 2.44%, ROCE 6.20%).
- PEG ratio at -5.81 highlights poor earnings growth outlook.
Company Negative News
- Weak return ratios indicate inefficient capital utilization.
- Quarterly profit variation (-9.42%) shows unstable earnings trend.
Company Positive News
- Recent PAT recovery signals operational improvement.
- DIIs marginally increased stake, reflecting cautious optimism.
Industry
- Industry PE at 23.6 is far healthier than company valuation.
- Sugar sector remains cyclical with margin pressures and volatility.
Conclusion
EIDPARRY is oversold and trading below key moving averages, reflecting bearish momentum. While a short-term rebound from ₹740–742 support is possible, fundamentals remain weak with stretched valuations and poor profitability. Suitable only for cautious swing trades; long-term investors should wait for earnings recovery before entry.
Would you like me to extend this into a short-term intraday view, a swing trade roadmap, or a fundamental deep dive?