EXIDEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | EXIDEIND | Market Cap | 26,197 Cr. | Current Price | 308 ₹ | High / Low | 431 ₹ |
| Stock P/E | 24.7 | Book Value | 180 ₹ | Dividend Yield | 0.65 % | ROCE | 10.2 % |
| ROE | 7.62 % | Face Value | 1.00 ₹ | DMA 50 | 331 ₹ | DMA 200 | 364 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | 0.24 % | PAT Qtr | 264 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 41.3 | MACD | -9.30 | Volume | 18,37,812 | Avg Vol 1Wk | 19,87,144 |
| Low price | 291 ₹ | High price | 431 ₹ | PEG Ratio | 3.40 | Debt to equity | 0.02 |
| 52w Index | 12.6 % | Qtr Profit Var | 7.84 % | EPS | 12.4 ₹ | Industry PE | 25.0 |
📉 Chart & Trend: EXIDEIND is trading at ₹308, below both its 50 DMA (₹331) and 200 DMA (₹364). This indicates short-term and medium-term weakness. The stock is in a consolidation-to-downtrend phase.
📊 Momentum Indicators:
- RSI at 41.3 shows weak momentum, leaning towards oversold territory.
- MACD at -9.30 confirms bearish crossover.
- Bollinger Bands: Price is near the lower band, suggesting oversold conditions but no reversal yet.
- Volume is slightly below average (18,37,812 vs 19,87,144), showing reduced participation.
📈 Support & Resistance:
- Immediate support: ₹300 zone.
- Strong support: ₹291 (recent low).
- Resistance zones: ₹331 (50 DMA) and ₹364 (200 DMA).
- Optimal entry: ₹300–310 near support.
- Exit zone: ₹330–350 if rebound occurs.
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout above 50 DMA for reversal confirmation.
Positive
- EPS of ₹12.4 shows consistent earnings base.
- Low debt-to-equity ratio (0.02) indicates strong financial health.
- DII holding increased by +0.24%, reflecting domestic institutional support.
- PAT improved to ₹264 Cr from ₹221 Cr, showing growth momentum.
Limitation
- Price below both 50 DMA and 200 DMA signals technical weakness.
- ROCE (10.2%) and ROE (7.62%) are modest, showing limited capital efficiency.
- PEG ratio of 3.40 suggests expensive valuation relative to growth.
Company Negative News
- FII holding increased only marginally (+0.03%), showing limited foreign investor confidence.
- Stock has corrected significantly from its 52-week high of ₹431.
Company Positive News
- DII holding increased by +0.24%, reflecting domestic institutional confidence.
- Quarterly profit growth of 7.84% indicates steady operational performance.
Industry
- Battery and energy storage sector is cyclical, influenced by auto demand and renewable energy adoption.
- Industry PE at 25.0 is close to EXIDEIND’s PE (24.7), suggesting fair valuation compared to peers.
Conclusion
📌 EXIDEIND is technically weak, consolidating below key moving averages with bearish momentum. Entry is favorable around ₹300–310 with stop-loss below ₹290. Short-term rebound may target ₹330–350, but sustained breakout requires volume confirmation. Fundamentally steady with low leverage and improving profits, 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 battery and energy storage peers like Amara Raja, HBL Power, and Tata Power to highlight relative strength and sector rotation opportunities?