⚠ 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 | 87,924 Cr. | Current Price | 2,473 ₹ | High / Low | 3,625 ₹ |
| Stock P/E | 79.5 | Book Value | 123 ₹ | Dividend Yield | 0.16 % | ROCE | 39.0 % |
| ROE | 29.1 % | Face Value | 2.00 ₹ | DMA 50 | 2,646 ₹ | DMA 200 | 2,907 ₹ |
| Chg in FII Hold | 1.05 % | Chg in DII Hold | -1.35 % | PAT Qtr | 360 Cr. | PAT Prev Qtr | 263 Cr. |
| RSI | 49.6 | MACD | -90.1 | Volume | 1,51,404 | Avg Vol 1Wk | 7,83,599 |
| Low price | 2,105 ₹ | High price | 3,625 ₹ | Debt to equity | 0.03 | 52w Index | 24.2 % |
| Qtr Profit Var | % | EPS | 30.9 ₹ | Industry PE | 35.4 |
📊 Technical Analysis
- Chart Patterns: Stock is trading below both 50 DMA (2,646 ₹) and 200 DMA (2,907 ₹), showing weakness and a bearish bias.
- Moving Averages: Current price (2,473 ₹) under both averages → bearish setup.
- RSI: 49.6 → neutral zone, suggesting sideways momentum.
- MACD: -90.1 → strong bearish crossover, confirming downward pressure.
- Bollinger Bands: Price near lower band, oversold condition may trigger short-term bounce.
- Volume Trends: Current volume (1.51 lakh) significantly below 1-week average (7.83 lakh), showing weak participation.
📈 Momentum & Signals
- Short-term Momentum: Weak, with bearish bias but oversold indicators suggest possible rebound.
- Entry Zone: 2,450–2,500 ₹ (near support at 2,105 ₹).
- Exit Zone: 2,650–2,700 ₹ (near 50 DMA resistance).
- Trend Status: Consolidating with bearish tilt; reversal possible only if price sustains above 2,646 ₹.
✅ Positive
- Strong ROCE (39.0%) and ROE (29.1%) indicate excellent capital efficiency.
- EPS of 30.9 ₹ reflects solid earnings base.
- Debt-to-equity ratio of 0.03 shows negligible leverage risk.
- FII holdings increased by 1.05%, showing foreign investor confidence.
⚠️ Limitation
- High P/E of 79.5 compared to industry PE of 35.4.
- Dividend yield of 0.16% is very low, limiting income appeal.
- PEG ratio not available, making growth-adjusted valuation unclear.
📉 Company Negative News
- DII holdings decreased by -1.35%, showing reduced domestic institutional confidence.
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
📈 Company Positive News
- PAT improved sequentially (263 Cr. → 360 Cr.).
- Strong ROCE and ROE compared to peers.
- 52-week index performance at 24.2% shows resilience compared to broader market.
🏭 Industry
- Industry PE at 35.4, much lower than ENRIN’s 79.5, suggesting sector peers may be more attractively valued.
- Energy and renewables sector remains growth-oriented with government and global focus on sustainability.
🔎 Conclusion
- ENRIN is consolidating near support levels with bearish signals from DMA and MACD.
- Short-term traders may consider entry around 2,450–2,500 ₹ with exit near 2,650–2,700 ₹.
- Long-term investors should be cautious due to high valuation despite strong profitability and negligible debt.