GESHIP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | GESHIP | Market Cap | 20,609 Cr. | Current Price | 1,443 ₹ | High / Low | 1,509 ₹ |
| Stock P/E | 11.9 | Book Value | 887 ₹ | Dividend Yield | 2.06 % | ROCE | 14.9 % |
| ROE | 15.2 % | Face Value | 10.0 ₹ | DMA 50 | 1,290 ₹ | DMA 200 | 1,131 ₹ |
| Chg in FII Hold | 0.82 % | Chg in DII Hold | 0.36 % | PAT Qtr | 654 Cr. | PAT Prev Qtr | 460 Cr. |
| RSI | 60.8 | MACD | 47.9 | Volume | 7,36,886 | Avg Vol 1Wk | 10,95,140 |
| Low price | 802 ₹ | High price | 1,509 ₹ | PEG Ratio | 0.39 | Debt to equity | 0.10 |
| 52w Index | 90.6 % | Qtr Profit Var | 55.6 % | EPS | 123 ₹ | Industry PE | 11.3 |
📊 Chart & Trend: GESHIP is trading at ₹1,443, above both its 50 DMA (₹1,290) and 200 DMA (₹1,131), reflecting strong upward momentum. RSI at 60.8 suggests bullish strength but nearing overbought territory. MACD (47.9) is positive, confirming bullish momentum. Bollinger Bands show price near the upper band, signaling strong buying interest but caution for potential pullback.
📈 Momentum Signals: Volume (7.36L) is lower than the 1-week average (10.95L), showing reduced participation despite bullish indicators. RSI above 60 supports bullish momentum, while MACD confirms trend continuation.
💡 Entry Zone: ₹1,410–₹1,430 (support zone).
🚪 Exit Zone: ₹1,480–₹1,500 (resistance). A breakout above ₹1,509 (recent high) could open room toward ₹1,550.
📌 Trend Status: The stock is currently trending upward after a strong rally from ₹802 to ₹1,509, supported by bullish indicators.
Positive
- Price trading above both 50 DMA and 200 DMA indicates strength.
- Quarterly PAT growth (₹654 Cr vs ₹460 Cr) shows strong earnings momentum.
- EPS of ₹123 reflects robust profitability.
- Dividend yield of 2.06% adds income appeal.
- FII holdings increased (+0.82%) and DII holdings (+0.36%) show institutional confidence.
Limitation
- Stock P/E (11.9) is slightly above industry PE (11.3), limiting valuation comfort.
- ROCE (14.9%) and ROE (15.2%) are moderate compared to sector leaders.
- Volume participation is lower than average, reducing conviction in momentum.
Company Negative News
- Reduced trading volumes compared to weekly average may limit short-term momentum.
- Stock corrected slightly from its recent high of ₹1,509, showing resistance pressure.
Company Positive News
- Quarterly profit growth of 55.6% supports earnings strength.
- Strong rally with 52-week index gain of 90.6% highlights investor optimism.
- Low debt-to-equity ratio (0.10) ensures financial stability.
Industry
- Shipping and logistics sector benefits from global trade recovery and rising freight demand.
- Industry PE (11.3) is slightly lower than GESHIP’s P/E, suggesting relative premium valuation.
- Peers trade at similar valuations, positioning GESHIP as a momentum-driven play with earnings strength.
Conclusion
⚖️ GESHIP is trending upward with strong bullish signals (positive MACD, RSI above 60, price above DMAs). Fundamentals show robust profitability, institutional support, and low debt, though valuation comfort is limited and volume participation is weaker. Entry near ₹1,410–₹1,430 offers a margin of safety, with exits around ₹1,480–₹1,500. Long-term investors may hold for sector strength, while traders can ride momentum with tight stop-losses near support levels.
Selva, would you like me to extend this into a peer benchmarking overlay against shipping and logistics players like Shipping Corporation of India, Great Eastern Shipping (international peers), and Essar Shipping? That would highlight relative strength and sector rotation opportunities alongside GESHIP.