ESCORTS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | ESCORTS | Market Cap | 34,595 Cr. | Current Price | 3,093 ₹ | High / Low | 4,180 ₹ |
| Stock P/E | 26.1 | Book Value | 1,064 ₹ | Dividend Yield | 0.91 % | ROCE | 13.7 % |
| ROE | 12.8 % | Face Value | 10.0 ₹ | DMA 50 | 3,460 ₹ | DMA 200 | 3,533 ₹ |
| Chg in FII Hold | -0.02 % | Chg in DII Hold | 0.40 % | PAT Qtr | 403 Cr. | PAT Prev Qtr | 321 Cr. |
| RSI | 35.2 | MACD | -127 | Volume | 82,145 | Avg Vol 1Wk | 1,09,480 |
| Low price | 2,776 ₹ | High price | 4,180 ₹ | PEG Ratio | 1.38 | Debt to equity | 0.01 |
| 52w Index | 22.6 % | Qtr Profit Var | 38.7 % | EPS | 213 ₹ | Industry PE | 26.6 |
📉 Chart & Trend: ESCORTS is trading at ₹3,093, below both its 50 DMA (₹3,460) and 200 DMA (₹3,533). This indicates short-term and medium-term weakness. The stock is in a downtrend with bearish bias.
📊 Momentum Indicators:
- RSI at 35.2 shows weak momentum, leaning towards oversold territory.
- MACD at -127 confirms strong bearish crossover.
- Bollinger Bands: Price is near the lower band, suggesting oversold conditions but no reversal yet.
- Volume is below average (82,145 vs 1,09,480), showing reduced participation and lack of strong buying interest.
📈 Support & Resistance:
- Immediate support: ₹3,000 zone.
- Strong support: ₹2,776 (recent low).
- Resistance zones: ₹3,460 (50 DMA) and ₹3,533 (200 DMA).
- Optimal entry: ₹3,000–3,100 near support.
- Exit zone: ₹3,450–3,500 if rebound occurs.
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout above 50 DMA for reversal confirmation.
Positive
- EPS of ₹213 shows strong earnings power.
- Low debt-to-equity ratio (0.01) indicates robust financial health.
- Dividend yield of 0.91% provides income support for investors.
- PAT improved to ₹403 Cr from ₹321 Cr, reflecting growth momentum.
Limitation
- Price below both 50 DMA and 200 DMA signals technical weakness.
- RSI and MACD both show bearish signals, limiting immediate upside.
- ROCE (13.7%) and ROE (12.8%) are moderate compared to peers.
Company Negative News
- FII holding decreased by -0.02%, showing slight reduction in foreign investor confidence.
- Stock has corrected significantly from its 52-week high of ₹4,180.
Company Positive News
- DII holding increased by +0.40%, reflecting domestic institutional support.
- Quarterly profit growth of 38.7% indicates strong operational performance.
Industry
- Tractor and farm equipment sector is cyclical, influenced by rural demand and monsoon trends.
- Industry PE at 26.6 is close to ESCORTS’ PE (26.1), suggesting fair valuation compared to peers.
Conclusion
📌 ESCORTS is technically weak, consolidating below key moving averages with bearish momentum. Entry is favorable around ₹3,000–3,100 with stop-loss below ₹2,950. Short-term rebound may target ₹3,450–3,500, but sustained breakout requires volume confirmation. Fundamentally strong with solid EPS and low leverage, making it attractive for long-term investors despite short-term technical weakness.
Would you like me to extend this into a peer benchmarking overlay against tractor and farm equipment leaders like M&M, VST Tillers, and TAFE to highlight relative strength and sector rotation opportunities?