GODIGIT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | GODIGIT | Market Cap | 29,660 Cr. | Current Price | 321 ₹ | High / Low | 381 ₹ |
| Stock P/E | 58.1 | Book Value | 0.00 ₹ | Dividend Yield | 0.00 % | ROCE | 10.8 % |
| ROE | 11.9 % | Face Value | 10.0 ₹ | DMA 50 | 339 ₹ | DMA 200 | 341 ₹ |
| Chg in FII Hold | -0.22 % | Chg in DII Hold | 0.22 % | PAT Qtr | 140 Cr. | PAT Prev Qtr | 117 Cr. |
| RSI | 36.4 | MACD | -5.34 | Volume | 40,041 | Avg Vol 1Wk | 4,66,923 |
| Low price | 265 ₹ | High price | 381 ₹ | PEG Ratio | 1.15 | 52w Index | 48.0 % |
| Qtr Profit Var | 18.2 % | EPS | 5.53 ₹ | Industry PE | 33.2 |
📈 Chart & Trend Analysis: GODIGIT is trading at ₹321, below both its 50 DMA (₹339) and 200 DMA (₹341), indicating short-term and medium-term weakness. RSI at 36.4 suggests the stock is approaching oversold territory, while MACD at -5.34 confirms bearish momentum. Bollinger Bands show price near the lower band, reflecting selling pressure and possible reversal attempts if support holds.
📊 Volume Trends: Current volume (40k) is significantly lower than the 1-week average (467k), suggesting weak participation and lack of momentum for a breakout.
🎯 Entry Zone: ₹300 – ₹315 (support near recent lows)
🚪 Exit Zone: ₹340 – ₹355 (resistance near DMA levels)
🔎 Trend Status: Reversing with bearish bias — price is struggling below moving averages, with weak RSI and negative MACD confirming downside pressure. A bounce from oversold levels could trigger short-term recovery, but trend remains weak.
Positive ✅
- Quarterly PAT growth (₹140 Cr vs ₹117 Cr) shows earnings improvement.
- DII holdings increased (+0.22%), reflecting domestic institutional support.
- PEG ratio of 1.15 indicates reasonable growth-adjusted valuation.
- 52-week index gain of 48% highlights long-term resilience.
Limitation ⚠️
- High P/E of 58.1 compared to industry average (33.2) suggests stretched valuations.
- Book value reported as 0.00 ₹ limits fundamental strength visibility.
- Dividend yield of 0.00% offers no income support for investors.
- ROE (11.9%) and ROCE (10.8%) are modest compared to sector leaders.
- Weak trading volume reduces breakout potential.
Company Negative News 📉
- Decline in FII holdings (-0.22%) indicates reduced foreign investor confidence.
Company Positive News 📈
- Quarterly profit growth of 18.2% shows strong earnings momentum.
- EPS of ₹5.53 supports valuation strength despite high P/E.
Industry 🌐
- Industry P/E at 33.2 suggests sector trades at premium valuations.
- Insurance sector benefits from rising demand and regulatory support.
Conclusion 📝
GODIGIT is reversing with bearish bias, trading below both 50 DMA and 200 DMA, with RSI near oversold and negative MACD confirming weakness. Entry near ₹300–₹315 offers margin of safety, while exits around ₹340–₹355 provide short-term profit-taking opportunities. Fundamentally supported by PAT growth and sector demand, but stretched valuations, weak volume, and modest ROE/ROCE limit upside. Traders should approach cautiously, while long-term investors may accumulate selectively for exposure to insurance sector growth.
Would you like me to extend this into a peer benchmarking overlay (comparing GODIGIT against insurance peers like ICICI Lombard, SBI Life, HDFC Life) so you can evaluate relative strength and sector rotation opportunities?