ENRIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | ENRIN | Market Cap | 1,01,083 Cr. | Current Price | 2,841 ₹ | High / Low | 3,625 ₹ |
| Stock P/E | 82.9 | Book Value | 123 ₹ | Dividend Yield | 0.14 % | ROCE | 39.0 % |
| ROE | 29.1 % | Face Value | 2.00 ₹ | DMA 50 | 2,776 ₹ | DMA 200 | 2,879 ₹ |
| Chg in FII Hold | 1.05 % | Chg in DII Hold | -1.35 % | PAT Qtr | 351 Cr. | PAT Prev Qtr | 360 Cr. |
| RSI | 52.6 | MACD | 36.8 | Volume | 4,72,809 | Avg Vol 1Wk | 2,78,646 |
| Low price | 2,105 ₹ | High price | 3,625 ₹ | Debt to equity | 0.03 | 52w Index | 48.4 % |
| Qtr Profit Var | 51.7 % | EPS | ₹ | Industry PE | 33.0 |
📊 Chart & Trend Analysis: ENRIN is trading at ₹2,841, above its 50 DMA (₹2,776) and close to the 200 DMA (₹2,879), indicating bullish undertones with medium-term stability. RSI at 52.6 suggests balanced momentum. MACD at 36.8 confirms positive crossover, supporting upward bias. Bollinger Bands show price leaning toward the upper band, signaling continuation of the uptrend.
📈 Volume Trends: Current volume (4,72,809) is significantly higher than the 1-week average (2,78,646), showing strong participation and accumulation.
🔑 Momentum Signals: Short-term momentum is positive, with support around ₹2,780–₹2,800 and resistance near ₹3,050–₹3,100.
💰 Entry Zone: ₹2,780–₹2,800 (near 50 DMA support).
📉 Exit Zone: ₹3,050–₹3,100 (resistance near upper trendline).
📌 Trend Status: The stock is trending upward with bullish bias, supported by technical indicators and strong fundamentals.
Positive
- ROCE at 39% and ROE at 29.1% indicate excellent efficiency.
- Debt-to-equity ratio at 0.03, virtually debt-free.
- FII holdings increased by 1.05%, showing foreign investor confidence.
- Strong 52-week return of 48.4%.
Limitation
- High P/E ratio (82.9) compared to industry average (33.0).
- Dividend yield at 0.14%, low for income-focused investors.
- PEG ratio not available, limiting growth valuation assessment.
Company Negative News
- PAT declined slightly from ₹360 Cr. to ₹351 Cr. quarter-on-quarter.
- DII holdings decreased by 1.35%, showing reduced domestic institutional confidence.
Company Positive News
- Quarterly profit variation improved by 51.7% YoY.
- Strong EPS performance supports valuation premium.
Industry
- Industry PE at 33.0, much lower than ENRIN’s valuation, showing premium pricing.
- Energy and infrastructure sector remains resilient with strong demand outlook.
Conclusion
⚖️ ENRIN is trending upward with bullish signals, supported by strong ROCE/ROE and positive MACD. Optimal strategy: accumulate near ₹2,780–₹2,800 support and consider profit booking around ₹3,050–₹3,100 resistance. Long-term investors should monitor valuation premium and DII participation, but fundamentals remain robust with debt-free status and strong efficiency.