⚠ 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.
FINCABLES - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | FINCABLES | Market Cap | 11,061 Cr. | Current Price | 723 ₹ | High / Low | 1,060 ₹ |
| Stock P/E | 18.4 | Book Value | 314 ₹ | Dividend Yield | 1.11 % | ROCE | 16.2 % |
| ROE | 12.4 % | Face Value | 2.00 ₹ | DMA 50 | 756 ₹ | DMA 200 | 846 ₹ |
| Chg in FII Hold | -0.48 % | Chg in DII Hold | -0.11 % | PAT Qtr | 187 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 41.9 | MACD | -13.0 | Volume | 99,329 | Avg Vol 1Wk | 1,78,964 |
| Low price | 701 ₹ | High price | 1,060 ₹ | PEG Ratio | 1.76 | Debt to equity | 0.00 |
| 52w Index | 6.25 % | Qtr Profit Var | 27.9 % | EPS | 39.3 ₹ | Industry PE | 17.9 |
📈 Technical Analysis
- Chart Patterns: Stock corrected from 1,060 ₹ highs and is consolidating near 723 ₹, showing weakness but holding above 701 ₹ support.
- Moving Averages: Current price (723 ₹) is below both 50 DMA (756 ₹) and 200 DMA (846 ₹), confirming short-term bearishness.
- RSI: At 41.9, the stock is neutral, leaning toward oversold territory.
- MACD: Negative (-13.0), indicating bearish momentum persists.
- Bollinger Bands: Price is near the lower band, suggesting oversold conditions but not yet a reversal signal.
- Volume Trends: Current volume (99,329) is lower than 1-week average (1,78,964), showing weak participation.
📊 Momentum & Signals
- Short-Term Momentum: Weak, with potential for sideways consolidation.
- Support Zones: 710–720 ₹ (near-term), 701 ₹ (major support).
- Resistance Zones: 756 ₹ (50 DMA), 800 ₹ (trendline resistance), 846 ₹ (200 DMA).
- Entry Zone: 710–725 ₹ if RSI stabilizes.
- Exit Zone: 756–800 ₹ on rebound; strict stop-loss below 701 ₹.
- Trend Status: Stock is consolidating after correction, awaiting breakout direction.
✅ Positive
- Quarterly PAT improved (187 Cr. vs 139 Cr.), showing strong earnings growth.
- EPS at 39.3 ₹ supports earnings strength.
- Dividend yield at 1.11 % provides income support.
- Debt-to-equity ratio at 0.00 indicates excellent financial stability.
- ROCE (16.2 %) and ROE (12.4 %) highlight efficient capital use.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weak technical strength.
- PEG ratio at 1.76 suggests valuation is stretched relative to growth.
- Current price far below 52-week high (1,060 ₹), showing significant correction.
- 52-week index performance at 6.25 % indicates underperformance compared to broader market.
📉 Company Negative News
- FII holdings decreased (-0.48 %), showing reduced foreign investor confidence.
- DII holdings decreased (-0.11 %), showing slight reduction in domestic institutional support.
📈 Company Positive News
- Quarterly profit variance (+27.9 %) highlights strong operational improvement.
- Consistent profitability with strong ROCE and ROE metrics.
🏭 Industry
- Industry PE at 17.9 is slightly lower than company PE (18.4), suggesting FINCABLES is fairly valued relative to peers.
- Cables and electrical equipment sector outlook remains positive with infrastructure and industrial demand growth.
🔎 Conclusion
- FINCABLES is in a consolidation phase after correction, with neutral RSI but bearish MACD.
- Short-term traders may consider entry near 710–725 ₹ with exit around 756–800 ₹.
- Long-term investors may hold due to strong fundamentals and sector growth potential, but should be cautious of weak technical signals and underperformance relative to broader market.