GODREJIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | GODREJIND | Market Cap | 27,975 Cr. | Current Price | 830 ₹ | High / Low | 1,392 ₹ |
| Book Value | 52.7 ₹ | Dividend Yield | 0.00 % | ROCE | 8.13 % | ROE | 9.04 % |
| Face Value | 1.00 ₹ | DMA 50 | 968 ₹ | DMA 200 | 1,046 ₹ | Chg in FII Hold | -0.26 % |
| Chg in DII Hold | 0.52 % | PAT Qtr | -12.8 Cr. | PAT Prev Qtr | 99.0 Cr. | RSI | 27.1 |
| MACD | -43.4 | Volume | 1,16,984 | Avg Vol 1Wk | 1,07,944 | Low price | 800 ₹ |
| High price | 1,392 ₹ | Debt to equity | 6.26 | 52w Index | 5.06 % | Qtr Profit Var | -6,520 % |
| EPS | -0.60 ₹ | Industry PE | 24.4 |
📊 Chart & Trend: GODREJIND is trading at ₹830, well below its 50 DMA (₹968) and 200 DMA (₹1,046), reflecting strong weakness. RSI at 27.1 suggests oversold conditions, while MACD (-43.4) confirms bearish momentum. Bollinger Bands show price near the lower band, signaling heavy selling pressure.
📈 Momentum Signals: Volume (1.16L) is slightly above the 1-week average (1.07L), showing mild activity despite weakness. RSI below 30 indicates oversold conditions, hinting at possible short-term accumulation zones.
💡 Entry Zone: ₹810–₹830 (support zone).
🚪 Exit Zone: ₹950–₹980 (resistance). A breakout above ₹980 could open room toward ₹1,050.
📌 Trend Status: The stock is currently reversing downward after a steep correction from its high of ₹1,392, with bearish undertones dominating near-term charts.
Positive
- DII holdings increased (+0.52%), signaling domestic institutional support.
- Book value of ₹52.7 provides some margin of safety.
- Strong brand presence in diversified businesses.
Limitation
- ROCE (8.13%) and ROE (9.04%) are weak compared to peers.
- Debt-to-equity ratio of 6.26 is very high, raising leverage concerns.
- EPS (-0.60 ₹) is negative, reflecting poor profitability.
Company Negative News
- Quarterly PAT turned negative (-₹12.8 Cr vs ₹99 Cr previous quarter).
- Sharp correction from 52-week high of ₹1,392 highlights volatility.
- Decline in FII holdings (-0.26%) signals reduced foreign investor confidence.
Company Positive News
- DII inflows (+0.52%) show domestic support.
- Strong diversified portfolio across industries provides long-term potential.
Industry
- Conglomerate sector valuations are mixed, with Industry PE at 24.4.
- Peers trade at moderate valuations, while GODREJIND struggles with profitability.
- Sector outlook depends on cyclical recovery and leverage management.
Conclusion
⚖️ GODREJIND is showing bearish reversal signals with RSI oversold and MACD negative. Fundamentals remain weak (negative EPS, high debt, poor ROCE/ROE), though institutional support from DIIs provides some cushion. Entry near ₹810–₹830 offers a margin of safety, with exits around ₹950–₹980. Long-term investors should be cautious due to leverage and earnings weakness, while traders may look for short-term rebounds from oversold levels.
Selva, would you like me to extend this into a peer benchmarking overlay against diversified conglomerates like Reliance, Aditya Birla Capital, and Tata Group companies? That would highlight relative strength and sector rotation opportunities alongside GODREJIND.