ENGINERSIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | ENGINERSIN | Market Cap | 10,935 Cr. | Current Price | 194 ₹ | High / Low | 255 ₹ |
| Stock P/E | 15.0 | Book Value | 47.9 ₹ | Dividend Yield | 2.06 % | ROCE | 24.4 % |
| ROE | 18.4 % | Face Value | 5.00 ₹ | DMA 50 | 198 ₹ | DMA 200 | 198 ₹ |
| Chg in FII Hold | 0.74 % | Chg in DII Hold | -0.36 % | PAT Qtr | 302 Cr. | PAT Prev Qtr | 115 Cr. |
| RSI | 46.2 | MACD | -1.34 | Volume | 29,53,507 | Avg Vol 1Wk | 31,77,966 |
| Low price | 149 ₹ | High price | 255 ₹ | PEG Ratio | 1.48 | Debt to equity | 0.01 |
| 52w Index | 42.8 % | Qtr Profit Var | 242 % | EPS | 13.0 ₹ | Industry PE | 15.2 |
📉 Chart & Trend: ENGINERSIN is trading at ₹194, almost equal to its 50 DMA (₹198) and 200 DMA (₹198). This indicates sideways movement with no clear breakout. The stock is in a consolidation phase.
📊 Momentum Indicators:
- RSI at 46.2 shows neutral momentum, neither overbought nor oversold.
- MACD at -1.34 indicates mild bearish crossover but not strongly negative.
- Bollinger Bands: Price is near the mid-band, suggesting consolidation.
- Volume is slightly below average (29,53,507 vs 31,77,966), showing reduced participation.
📈 Support & Resistance:
- Immediate support: ₹185–190 zone.
- Strong support: ₹149 (52-week low).
- Resistance zones: ₹198 (DMA cluster) and ₹210–215 (short-term resistance).
- Optimal entry: ₹185–190 near support.
- Exit zone: ₹205–215 if momentum improves.
🔎 Trend Status: The stock is consolidating, awaiting breakout above DMA cluster for trend continuation.
Positive
- Strong ROCE (24.4%) and ROE (18.4%) highlight efficient capital use.
- Low debt-to-equity ratio (0.01) indicates robust financial health.
- Dividend yield of 2.06% provides income support for investors.
- PAT surged to ₹302 Cr from ₹115 Cr, showing strong earnings growth.
Limitation
- Price stuck near DMA cluster signals lack of momentum.
- MACD shows mild bearish crossover, limiting immediate upside.
- Quarter profit variation (+242%) may reflect one-off gains, not sustainable trend.
Company Negative News
- DII holding decreased by -0.36%, showing reduced domestic institutional confidence.
Company Positive News
- FII holding increased by +0.74%, reflecting foreign investor interest.
- EPS of ₹13.0 indicates consistent earnings power.
Industry
- Engineering consultancy sector benefits from infrastructure and government projects.
- Industry PE at 15.2 is close to ENGINERSIN’s PE (15.0), suggesting fair valuation compared to peers.
Conclusion
📌 ENGINERSIN is consolidating near DMA cluster with neutral momentum. Entry is favorable around ₹185–190 with stop-loss below ₹180. Short-term upside targets lie at ₹205–215 if volume and momentum improve. Fundamentally strong with high ROCE/ROE and dividend yield, making it attractive for long-term investors despite sideways technical setup.
Would you like me to extend this into a peer benchmarking overlay against other engineering and consultancy firms like NBCC, RITES, and IRCON to highlight relative strength and sector rotation opportunities?