⚠ 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.
ENGINERSIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | ENGINERSIN | Market Cap | 9,673 Cr. | Current Price | 172 ₹ | High / Low | 255 ₹ |
| Stock P/E | 18.8 | Book Value | 47.9 ₹ | Dividend Yield | 2.40 % | ROCE | 24.4 % |
| ROE | 18.4 % | Face Value | 5.00 ₹ | DMA 50 | 190 ₹ | DMA 200 | 198 ₹ |
| Chg in FII Hold | 0.74 % | Chg in DII Hold | -0.36 % | PAT Qtr | 115 Cr. | PAT Prev Qtr | 70.1 Cr. |
| RSI | 32.6 | MACD | -7.90 | Volume | 16,35,352 | Avg Vol 1Wk | 27,00,184 |
| Low price | 142 ₹ | High price | 255 ₹ | PEG Ratio | 1.86 | Debt to equity | 0.01 |
| 52w Index | 26.4 % | Qtr Profit Var | 45.2 % | EPS | 9.19 ₹ | Industry PE | 16.9 |
📈 Technical Analysis
- Chart Patterns: Stock corrected from 255 ₹ highs and is consolidating near 172 ₹, showing weakness but holding above 142 ₹ support.
- Moving Averages: Current price (172 ₹) is below both 50 DMA (190 ₹) and 200 DMA (198 ₹), confirming short-term bearishness.
- RSI: At 32.6, the stock is near oversold territory, suggesting potential for a rebound.
- MACD: Negative (-7.90), indicating bearish momentum persists.
- Bollinger Bands: Price is near the lower band, signaling oversold conditions but risk of breakdown.
- Volume Trends: Current volume (16,35,352) is lower than 1-week average (27,00,184), showing reduced participation.
📊 Momentum & Signals
- Short-Term Momentum: Weak, but oversold RSI could trigger a bounce.
- Support Zones: 170 ₹ (near-term), 142 ₹ (major support).
- Resistance Zones: 190 ₹ (50 DMA), 198 ₹ (200 DMA), 210 ₹ (trendline resistance).
- Entry Zone: 170–175 ₹ if RSI stabilizes.
- Exit Zone: 190–198 ₹ on rebound; strict stop-loss below 170 ₹.
- Trend Status: Stock is bearish but showing signs of consolidation near support.
✅ Positive
- Strong fundamentals with ROCE (24.4 %) and ROE (18.4 %) indicating efficient capital use.
- Low debt-to-equity ratio (0.01) shows excellent financial stability.
- Dividend yield at 2.40 % provides attractive income support.
- EPS at 9.19 ₹ supports earnings strength.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weak technical strength.
- High PEG ratio (1.86) suggests valuation is stretched relative to growth.
- Current price far below 52-week high (255 ₹), showing significant correction.
📉 Company Negative News
- DII holdings decreased (-0.36 %), showing reduced domestic institutional confidence.
- Stock underperforming relative to 52-week index (26.4 %).
📈 Company Positive News
- Quarterly PAT improved (115 Cr. vs 70.1 Cr.), showing strong earnings recovery.
- Quarterly profit variance (+45.2 %) highlights operational improvement.
- FII holdings increased (+0.74 %), showing foreign investor confidence.
🏭 Industry
- Industry PE at 16.9 is slightly lower than company PE (18.8), suggesting ENGINERSIN trades at a mild premium.
- Sector outlook remains stable, with demand recovery potential in engineering services.
🔎 Conclusion
- ENGINERSIN is in a bearish consolidation phase after correction, with oversold RSI and weak MACD.
- Short-term traders may consider entry near 170–175 ₹ with exit around 190–198 ₹.
- Long-term investors may find value due to strong fundamentals and attractive dividend yield, but should be cautious of stretched valuations and weak technical signals.