⚠ 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.
ENRIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ENRIN | Market Cap | 1,24,896 Cr. | Current Price | 3,508 ₹ | High / Low | 3,685 ₹ |
| Stock P/E | 92.6 | Book Value | 135 ₹ | Dividend Yield | 0.11 % | ROCE | 67.8 % |
| ROE | 50.5 % | Face Value | 2.00 ₹ | DMA 50 | 3,056 ₹ | DMA 200 | 2,936 ₹ |
| Chg in FII Hold | 0.38 % | Chg in DII Hold | -0.08 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 351 Cr. |
| RSI | 68.5 | MACD | 107 | Volume | 4,48,160 | Avg Vol 1Wk | 14,63,847 |
| Low price | 2,105 ₹ | High price | 3,685 ₹ | Debt to equity | 0.04 | 52w Index | 88.8 % |
| Qtr Profit Var | 52.2 % | EPS | 36.8 ₹ | Industry PE | 35.3 |
📈 Chart & Trend Analysis
- Moving Averages: Current price (₹3,508) is above both 50 DMA (₹3,056) and 200 DMA (₹2,936), confirming strong bullish momentum.
- RSI: At 68.5, the stock is approaching overbought territory, signaling caution for short-term traders.
- MACD: Strongly positive (107), indicating strong bullish momentum continuation.
- Bollinger Bands: Price is near the upper band, suggesting strong buying pressure but risk of short-term pullback.
- Volume Trends: Current volume (4,48,160) is significantly below 1-week average (14,63,847), showing weaker participation despite price strength.
📊 Momentum & Signals
- Short-term momentum: Strong, supported by MACD and price above moving averages, though RSI signals caution.
- Support Zone: ₹3,450 – ₹3,500 (near-term support).
- Resistance Zone: ₹3,600 – ₹3,650 (recent highs and psychological barrier).
- Entry Zone: ₹3,480 – ₹3,520 (near support, bullish bias).
- Exit Zone: ₹3,600 – ₹3,650 (resistance levels).
📉 Trend Status
The stock is currently in an uptrend with strong bullish signals from MACD and price above moving averages. A breakout above ₹3,650 could extend the rally further, while RSI suggests caution for short-term traders.
✅ Positive
- Exceptional ROCE (67.8%) and ROE (50.5%) indicate outstanding efficiency.
- Low debt-to-equity ratio (0.04), showing strong financial stability.
- Quarterly PAT growth (₹375 Cr vs ₹351 Cr) supports earnings momentum.
- EPS of ₹36.8 reflects solid profitability.
⚠️ Limitation
- Very high P/E ratio (92.6) compared to industry average (35.3), making valuation expensive.
- Dividend yield is low (0.11%), limiting income appeal.
- Volume participation is weak compared to average, limiting breakout strength.
📰 Company Negative News
- DII holding decreased (-0.08%), showing reduced domestic institutional confidence.
🌟 Company Positive News
- FII holding increased (+0.38%), reflecting foreign investor support.
- Quarterly profit variation (+52.2%) highlights strong earnings growth.
- Strong 52-week performance (88.8% index gain), showing investor confidence.
🏦 Industry
- Industry PE at 35.3, much lower than ENRIN’s 92.6, suggesting peers are cheaper.
- Energy and infrastructure sector benefits from rising demand and government-led expansion projects.
📌 Conclusion
ENRIN is in a bullish uptrend with strong fundamentals and technical signals. Entry near ₹3,480 – ₹3,520 with exit around ₹3,600 – ₹3,650 is optimal for short-term traders. Long-term investors should weigh strong efficiency metrics and growth momentum against high valuations and weak trading volume.