GODIGIT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | GODIGIT | Market Cap | 28,278 Cr. | Current Price | 306 ₹ | High / Low | 381 ₹ |
| Stock P/E | 52.0 | Book Value | 50.4 ₹ | Dividend Yield | 0.00 % | ROCE | 13.1 % |
| ROE | 12.1 % | Face Value | 10.0 ₹ | DMA 50 | 317 ₹ | DMA 200 | 330 ₹ |
| Chg in FII Hold | -0.25 % | Chg in DII Hold | 0.28 % | PAT Qtr | 149 Cr. | PAT Prev Qtr | 140 Cr. |
| RSI | 37.3 | MACD | -3.16 | Volume | 1,41,042 | Avg Vol 1Wk | 7,89,311 |
| Low price | 300 ₹ | High price | 381 ₹ | PEG Ratio | 0.35 | Debt to equity | 0.08 |
| 52w Index | 6.66 % | Qtr Profit Var | 29.2 % | EPS | 5.89 ₹ | Industry PE | 42.7 |
📊 GODIGIT is trading at 306 ₹, below both its 50 DMA (317 ₹) and 200 DMA (330 ₹), reflecting weak technical momentum. RSI at 37.3 indicates oversold territory, suggesting potential for a short-term bounce. MACD at -3.16 is negative, confirming bearish undertones. Bollinger Bands show price near the lower band, highlighting selling pressure. Current volume (1,41,042) is significantly below the 1-week average (7,89,311), showing weak participation and lack of accumulation strength.
- 💰 Optimal Buy Price: 300 – 310 ₹ (near support zone)
- 📈 Profit-Taking Exit Levels: 340 ₹ (first resistance), 360 ₹ (trendline resistance)
- 📉 Stop-Loss / Loss Protection: 290 ₹ (below support)
- ⏱️ Trend Status: Reversing downward with weak momentum; consolidation possible near support.
Positive
✅ PAT growth of 29.2% (149 Cr. vs 140 Cr.) shows improving earnings.
✅ PEG ratio of 0.35 suggests fair valuation relative to growth.
✅ Debt-to-equity at 0.08 reflects low leverage.
✅ EPS at 5.89 ₹ supports earnings base.
✅ DII holdings increased (+0.28%), providing some domestic support.
Limitation
⚠️ Price below both 50 DMA and 200 DMA signals technical weakness.
⚠️ RSI oversold but MACD negative, limiting immediate recovery.
⚠️ Very low trading volume compared to average reduces breakout potential.
⚠️ High P/E (52.0) compared to industry average (42.7) indicates overvaluation.
⚠️ ROCE (13.1%) and ROE (12.1%) are modest relative to peers.
Company Negative News
🚫 Institutional selling (FII -0.25%) adds downside risk.
🚫 Technical indicators show bearish undertones with MACD negative and RSI weak.
Company Positive News
🌟 PAT improved sequentially, showing operational strength.
🌟 Domestic institutional inflows (+0.28%) provide some support.
🌟 Fair PEG ratio and improving earnings outlook.
Industry
🏭 Industry P/E at 42.7 is lower than GODIGIT’s 52.0, showing overvaluation relative to peers.
🏭 Insurance sector outlook remains positive with rising demand for coverage.
Conclusion
📌 GODIGIT shows weak technical momentum with bearish undertones, despite improving earnings. The stock is reversing downward and needs to reclaim DMA levels for sustained recovery. Best strategy is cautious accumulation near 300 – 310 ₹ with profit booking around 340 – 360 ₹, maintaining a strict stop-loss near 290 ₹.
Would you like me to extend this into a peer benchmarking overlay with ICICI Lombard and SBI Life for comparative clarity, or keep the focus strictly on this standalone technical view?