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GMRAIRPORT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | GMRAIRPORT | Market Cap | 99,254 Cr. | Current Price | 94.0 ₹ | High / Low | 110 ₹ |
| Book Value | 50.3 ₹ | Dividend Yield | 0.00 % | ROCE | 1.08 % | ROE | -0.55 % |
| Face Value | 1.00 ₹ | DMA 50 | 98.4 ₹ | DMA 200 | 92.9 ₹ | Chg in FII Hold | 1.88 % |
| Chg in DII Hold | -0.21 % | PAT Qtr | -133 Cr. | PAT Prev Qtr | -178 Cr. | RSI | 29.8 |
| MACD | -2.69 | Volume | 69,85,338 | Avg Vol 1Wk | 2,21,17,783 | Low price | 67.8 ₹ |
| High price | 110 ₹ | Debt to equity | 0.21 | 52w Index | 61.6 % | Qtr Profit Var | 21.7 % |
| EPS | -0.28 ₹ | Industry PE | 7.49 |
📈 Technical Analysis
- Chart Patterns: Stock corrected from 110 ₹ highs and is consolidating near 94 ₹, showing weakness with risk of further downside.
- Moving Averages: Current price (94 ₹) is below 50 DMA (98.4 ₹) but slightly above 200 DMA (92.9 ₹), indicating short-term bearishness with long-term support.
- RSI: At 29.8, the stock is oversold, suggesting potential for a technical rebound.
- MACD: Negative (-2.69), indicating bearish momentum persists.
- Bollinger Bands: Price is near the lower band, signaling oversold conditions but risk of breakdown.
- Volume Trends: Current volume (69,85,338) is significantly lower than 1-week average (2,21,17,783), showing weak participation.
📊 Momentum & Signals
- Short-Term Momentum: Weak, but oversold RSI could trigger a bounce.
- Support Zones: 90–94 ₹ (near-term), 88 ₹ (major support).
- Resistance Zones: 98 ₹ (50 DMA), 105 ₹ (trendline resistance), 110 ₹ (recent high).
- Entry Zone: 90–94 ₹ if RSI stabilizes.
- Exit Zone: 98–105 ₹ on rebound; strict stop-loss below 88 ₹.
- Trend Status: Stock is bearish and consolidating near support levels.
✅ Positive
- Quarterly PAT improved (-133 Cr. vs -178 Cr.), showing reduced losses.
- FII holdings increased (+1.88 %), showing foreign investor confidence.
- Debt-to-equity ratio at 0.21 indicates manageable leverage.
- 52-week performance (+61.6 %) highlights strong investor interest despite losses.
⚠️ Limitation
- Stock trading below 50 DMA indicates weak short-term technical strength.
- Negative EPS (-0.28 ₹) reflects poor profitability.
- Low ROCE (1.08 %) and negative ROE (-0.55 %) highlight weak capital efficiency.
- Dividend yield at 0.00 % offers no income support.
📉 Company Negative News
- Company continues to post losses (PAT -133 Cr.).
- DII holdings decreased (-0.21 %), showing reduced domestic institutional support.
- Weak ROCE and negative ROE highlight poor efficiency in capital utilization.
📈 Company Positive News
- Quarterly profit variance (+21.7 %) highlights improvement in reducing losses.
- FII holdings increased (+1.88 %), boosting confidence.
- Strong 52-week performance (+61.6 %) indicates investor optimism despite weak fundamentals.
🏭 Industry
- Industry PE at 7.49 is far lower than company valuation (no meaningful P/E due to losses), suggesting GMRAIRPORT trades at a premium despite negative earnings.
- Airport infrastructure sector outlook remains positive with rising passenger traffic and expansion projects.
🔎 Conclusion
- GMRAIRPORT is in a bearish consolidation phase after correction, with oversold RSI but weak MACD.
- Short-term traders may consider entry near 90–94 ₹ with exit around 98–105 ₹.
- Long-term investors should be cautious due to persistent losses, weak ROE/ROCE, and lack of dividend support, despite sector growth potential and improving quarterly results.