FINPIPE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | FINPIPE | Market Cap | 11,009 Cr. | Current Price | 178 ₹ | High / Low | 238 ₹ |
| Stock P/E | 23.1 | Book Value | 93.3 ₹ | Dividend Yield | 1.13 % | ROCE | 8.77 % |
| ROE | 6.76 % | Face Value | 2.00 ₹ | DMA 50 | 181 ₹ | DMA 200 | 191 ₹ |
| Chg in FII Hold | -0.06 % | Chg in DII Hold | 0.08 % | PAT Qtr | 110 Cr. | PAT Prev Qtr | 119 Cr. |
| RSI | 43.5 | MACD | -0.27 | Volume | 6,45,858 | Avg Vol 1Wk | 7,22,252 |
| Low price | 144 ₹ | High price | 238 ₹ | PEG Ratio | -1.16 | Debt to equity | 0.00 |
| 52w Index | 35.6 % | Qtr Profit Var | 55.0 % | EPS | 7.68 ₹ | Industry PE | 21.2 |
📉 Chart & Trend: FINPIPE is trading at ₹178, below both its 50 DMA (₹181) and 200 DMA (₹191). This indicates short-term and medium-term weakness. The stock is in a consolidation-to-downtrend phase.
📊 Momentum Indicators:
- RSI at 43.5 shows weak momentum, leaning towards oversold territory.
- MACD at -0.27 indicates mild bearish crossover, suggesting sideways weakness.
- Bollinger Bands: Price is near the lower band, showing downside bias but no reversal yet.
- Volume is below average (6,45,858 vs 7,22,252), reflecting reduced participation.
📈 Support & Resistance:
- Immediate support: ₹175–178 zone.
- Strong support: ₹144 (recent low).
- Resistance zones: ₹181 (50 DMA) and ₹191 (200 DMA).
- Optimal entry: ₹175–180 near support.
- Exit zone: ₹185–195 if rebound occurs.
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout above 200 DMA for reversal confirmation.
Positive
- EPS of ₹7.68 shows consistent earnings base.
- Zero debt-to-equity ratio indicates strong financial health.
- Dividend yield of 1.13% provides income support for investors.
- Quarterly profit variation (+55%) highlights operational improvement.
Limitation
- Price below both 50 DMA and 200 DMA signals technical weakness.
- ROCE (8.77%) and ROE (6.76%) are modest, showing limited capital efficiency.
- PEG ratio of -1.16 suggests distorted valuation relative to growth.
Company Negative News
- FII holding decreased by -0.06%, showing reduced foreign investor confidence.
- PAT declined to ₹110 Cr from ₹119 Cr, showing earnings pressure.
Company Positive News
- DII holding increased by +0.08%, reflecting domestic institutional support.
- Quarterly profit variation (+55%) indicates strong operational recovery despite sequential decline.
Industry
- Pipes and infrastructure sector benefits from construction and industrial demand growth.
- Industry PE at 21.2 is slightly lower than FINPIPE’s PE (23.1), suggesting mild premium valuation.
Conclusion
📌 FINPIPE is technically weak, consolidating below key moving averages with bearish bias. Entry is favorable around ₹175–180 with stop-loss below ₹170. Short-term rebound may target ₹185–195, but sustained breakout requires volume confirmation. Fundamentally steady with zero debt and dividend yield, but modest ROCE/ROE and valuation concerns limit immediate upside potential.
Would you like me to extend this into a peer benchmarking overlay against other pipe and infrastructure players like Astral, Supreme Industries, and Prince Pipes to highlight relative strength and sector rotation opportunities?