FINPIPE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | FINPIPE | Market Cap | 10,724 Cr. | Current Price | 173 ₹ | High / Low | 238 ₹ |
| Stock P/E | 22.5 | Book Value | 93.3 ₹ | Dividend Yield | 1.16 % | ROCE | 8.77 % |
| ROE | 6.76 % | Face Value | 2.00 ₹ | DMA 50 | 173 ₹ | DMA 200 | 186 ₹ |
| Chg in FII Hold | -0.01 % | Chg in DII Hold | 0.59 % | PAT Qtr | 110 Cr. | PAT Prev Qtr | 119 Cr. |
| RSI | 51.0 | MACD | 0.91 | Volume | 2,62,597 | Avg Vol 1Wk | 2,96,656 |
| Low price | 147 ₹ | High price | 238 ₹ | PEG Ratio | -1.13 | Debt to equity | 0.00 |
| 52w Index | 28.1 % | Qtr Profit Var | 55.0 % | EPS | 7.68 ₹ | Industry PE | 22.4 |
📈 Chart Patterns: Price is trading at the 50 DMA (173 ₹) and below the 200 DMA (186 ₹), showing sideways consolidation. Trendlines suggest resistance near 180–185 ₹ and support around 170–172 ₹.
📊 Moving Averages: Current price (173 ₹) equal to 50 DMA but below 200 DMA, reflecting neutral short-term momentum and medium-term weakness.
📉 RSI: At 51.0, RSI is neutral, showing balanced momentum without strong buying or selling signals.
📊 MACD: Mildly positive at 0.91, indicating weak bullish crossover but limited strength.
📉 Bollinger Bands: Price near mid-band, suggesting consolidation with limited volatility expansion.
📊 Volume Trends: Current volume (2.62L) below 1-week average (2.96L), showing reduced participation and lack of strong accumulation.
🎯 Momentum Signals: Neutral to mildly bullish. MACD supports short-term upside, but price below 200 DMA and weak volume limit conviction.
💹 Entry Zone: 170–172 ₹ (support levels).
💹 Exit Zone: 180–185 ₹ (resistance levels).
📌 Trend Status: Consolidating with weak bias.
Positive
- Debt-free balance sheet (Debt-to-equity ratio 0.00).
- EPS of 7.68 ₹ provides earnings visibility.
- DII holdings increased (+0.59%), showing domestic institutional support.
- Quarterly profit variation (+55%) highlights operational improvement.
Limitation
- Price below 200 DMA indicates medium-term weakness.
- ROE (6.76%) and ROCE (8.77%) are relatively weak compared to peers.
- PEG ratio (-1.13) suggests inefficiency in growth valuation.
- Volume below average, limiting breakout confirmation.
Company Negative News
- Quarterly PAT declined (119 Cr. → 110 Cr.).
- FII holdings reduced (-0.01%), showing foreign investor caution.
Company Positive News
- DII holdings increased (+0.59%), showing domestic support.
- Debt-free status provides financial stability.
- Quarterly profit variation (+55%) indicates operational resilience.
Industry
- Industry PE at 22.4 is aligned with FINPIPE’s P/E (22.5), suggesting fair valuation.
- Pipes and infrastructure sector supported by construction and industrial demand.
Conclusion
⚖️ FINPIPE is consolidating with weak fundamentals and neutral technicals. Entry near 170–172 ₹ offers limited upside toward 180–185 ₹. Long-term investors should remain cautious due to low ROE/ROCE and inefficient growth valuation, while short-term traders may attempt momentum trades with strict stop-loss discipline.