ENDURANCE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | ENDURANCE | Market Cap | 33,333 Cr. | Current Price | 2,368 ₹ | High / Low | 3,080 ₹ |
| Stock P/E | 45.9 | Book Value | 324 ₹ | Dividend Yield | 0.42 % | ROCE | 21.5 % |
| ROE | 16.1 % | Face Value | 10.0 ₹ | DMA 50 | 2,512 ₹ | DMA 200 | 2,548 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.15 % | PAT Qtr | 186 Cr. | PAT Prev Qtr | 188 Cr. |
| RSI | 39.0 | MACD | -39.2 | Volume | 73,392 | Avg Vol 1Wk | 71,555 |
| Low price | 1,556 ₹ | High price | 3,080 ₹ | PEG Ratio | 2.47 | Debt to equity | 0.02 |
| 52w Index | 53.3 % | Qtr Profit Var | 18.3 % | EPS | 49.6 ₹ | Industry PE | 25.0 |
📉 Chart & Trend: ENDURANCE is trading at ₹2,368, below both its 50 DMA (₹2,512) and 200 DMA (₹2,548). This indicates short-term and medium-term weakness. The stock is in a consolidation-to-downtrend
📊 Momentum Indicators:
- RSI at 39.0 shows weak momentum, leaning towards oversold territory.
- MACD at -39.2 confirms bearish crossover.
- Bollinger Bands: Price is near the lower band, suggesting oversold conditions but no reversal yet.
- Volume is slightly above average (73,392 vs 71,555), showing mild activity but not strong accumulation.
📈 Support & Resistance:
- Immediate support: ₹2,300 zone.
- Strong support: ₹1,556 (52-week low).
- Resistance zones: ₹2,512 (50 DMA) and ₹2,548 (200 DMA).
- Optimal entry: ₹2,300–2,350 near support.
- Exit zone: ₹2,500–2,550 if rebound occurs.
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout above 200 DMA for reversal confirmation.
Positive
- Strong ROCE (21.5%) and ROE (16.1%) highlight efficient capital use.
- Low debt-to-equity ratio (0.02) indicates robust financial health.
- EPS of ₹49.6 shows solid earnings power.
- Quarterly profit variation (+18.3%) reflects operational growth.
Limitation
- Price below both 50 DMA and 200 DMA signals technical weakness.
- High P/E of 45.9 compared to industry PE of 25.0 suggests premium valuation.
- RSI and MACD both show bearish signals, limiting immediate upside.
Company Negative News
- FII holding decreased by -0.12%, showing reduced foreign investor confidence.
- PAT declined slightly to ₹186 Cr from ₹188 Cr, showing stagnation in earnings.
Company Positive News
- DII holding increased by +0.15%, reflecting domestic institutional support.
- Strong fundamentals with consistent profitability and low leverage.
Industry
- Auto ancillary sector is cyclical, influenced by demand trends in automobile production and exports.
- Industry PE at 25.0 is lower than ENDURANCE’s PE, suggesting premium valuation for brand strength and leadership.
Conclusion
📌 ENDURANCE is technically weak, consolidating below key moving averages with bearish momentum. Entry is favorable around ₹2,300–2,350 with stop-loss below ₹2,250. Short-term rebound may target ₹2,500–2,550, but sustained breakout requires volume confirmation. Fundamentally strong with efficient capital use, but premium valuation and short-term weakness limit immediate upside.
Would you like me to extend this into a peer benchmarking overlay against auto ancillary leaders like Motherson Sumi, Bosch, and Bharat Forge to highlight relative strength and sector rotation opportunities?