FINCABLES - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | FINCABLES | Market Cap | 13,435 Cr. | Current Price | 878 ₹ | High / Low | 1,028 ₹ |
| Stock P/E | 21.9 | Book Value | 314 ₹ | Dividend Yield | 0.91 % | ROCE | 16.2 % |
| ROE | 12.4 % | Face Value | 2.00 ₹ | DMA 50 | 830 ₹ | DMA 200 | 846 ₹ |
| Chg in FII Hold | -0.48 % | Chg in DII Hold | -0.11 % | PAT Qtr | 136 Cr. | PAT Prev Qtr | 187 Cr. |
| RSI | 53.4 | MACD | 20.5 | Volume | 3,39,545 | Avg Vol 1Wk | 4,28,975 |
| Low price | 701 ₹ | High price | 1,028 ₹ | PEG Ratio | 2.10 | Debt to equity | 0.00 |
| 52w Index | 53.9 % | Qtr Profit Var | 9.71 % | EPS | 40.1 ₹ | Industry PE | 19.2 |
📉 Chart & Trend: FINCABLES is trading at ₹878, above both its 50 DMA (₹830) and 200 DMA (₹846). This indicates short-term strength but medium-term resistance near highs. The stock is in a consolidation-to-uptrend
📊 Momentum Indicators:
- RSI at 53.4 shows neutral-to-positive momentum, not overbought yet.
- MACD at 20.5 confirms bullish crossover.
- Bollinger Bands: Price is near the upper band, suggesting strong buying interest but caution for short-term pullback.
- Volume is below average (3,39,545 vs 4,28,975), showing reduced participation despite bullish signals.
📈 Support & Resistance:
- Immediate support: ₹846 (200 DMA).
- Strong support: ₹830 (50 DMA) and ₹701 (recent low).
- Resistance zones: ₹900–920 and ₹1,028 (recent high).
- Optimal entry: ₹850–870 near support.
- Exit zone: ₹900–920 if momentum sustains.
🔎 Trend Status: The stock is consolidating with bullish bias, supported by moving averages and MACD strength.
Positive
- EPS of ₹40.1 shows strong earnings base.
- Zero debt-to-equity ratio indicates robust financial health.
- Dividend yield of 0.91% provides income support for investors.
- ROCE (16.2%) and ROE (12.4%) highlight decent capital efficiency.
Limitation
- Volume trend is declining, limiting breakout potential.
- PAT declined to ₹136 Cr from ₹187 Cr, showing earnings pressure.
- PEG ratio of 2.10 suggests valuation concerns relative to growth.
Company Negative News
- FII holding decreased by -0.48%, showing reduced foreign investor confidence.
- DII holding decreased by -0.11%, reflecting slight domestic institutional caution.
Company Positive News
- Quarterly profit variation (+9.71%) indicates operational improvement despite sequential decline.
- Strong fundamentals with zero debt and consistent EPS growth.
Industry
- Cables and electrical equipment sector benefits from infrastructure and industrial demand growth.
- Industry PE at 19.2 is slightly lower than FINCABLES’ PE (21.9), suggesting mild premium valuation.
Conclusion
📌 FINCABLES is consolidating with bullish bias, trading above key moving averages with MACD strength. Entry is favorable around ₹850–870 with stop-loss below ₹830. Short-term upside targets lie at ₹900–920, with potential extension to ₹1,000+ if volume improves. Fundamentally strong with zero debt and steady EPS, making it attractive for long-term investors despite short-term earnings pressure.
Would you like me to extend this into a peer benchmarking overlay against other cable and electrical equipment players like Polycab, KEI Industries, and Havells to highlight relative strength and sector rotation opportunities?