HAVELLS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | HAVELLS | Market Cap | 84,509 Cr. | Current Price | 1,348 ₹ | High / Low | 1,674 ₹ |
| Stock P/E | 55.4 | Book Value | 138 ₹ | Dividend Yield | 0.74 % | ROCE | 25.6 % |
| ROE | 19.0 % | Face Value | 1.00 ₹ | DMA 50 | 1,374 ₹ | DMA 200 | 1,456 ₹ |
| Chg in FII Hold | -1.32 % | Chg in DII Hold | 1.18 % | PAT Qtr | 335 Cr. | PAT Prev Qtr | 317 Cr. |
| RSI | 47.0 | MACD | -15.2 | Volume | 11,67,242 | Avg Vol 1Wk | 11,10,149 |
| Low price | 1,250 ₹ | High price | 1,674 ₹ | PEG Ratio | 7.03 | Debt to equity | 0.03 |
| 52w Index | 23.2 % | Qtr Profit Var | 18.4 % | EPS | 23.8 ₹ | Industry PE | 36.0 |
📊 Chart & Trend Analysis: HAVELLS is trading at ₹1,348, below both its 50 DMA (₹1,374) and 200 DMA (₹1,456), reflecting short-term weakness. RSI at 47.0 indicates neutral momentum, while MACD at -15.2 confirms bearish crossover. Bollinger Bands show price leaning toward the lower band, suggesting selling pressure. Volume is slightly above average, showing moderate participation.
📈 Momentum Signals: Short-term momentum is weak, with MACD negative and RSI neutral. Consolidation is likely before a breakout attempt. Oversold conditions are not yet visible, but price action suggests sideways movement with bearish bias.
💹 Entry & Exit Zones:
- Optimal Entry: ₹1,320–₹1,340 (near support zone)
- Stop-Loss: ₹1,300 (below strong support)
- Exit Zone: ₹1,370–₹1,400 (near 50 DMA resistance)
- Major Resistance: ₹1,456 (200 DMA)
📉 Trend Status: The stock is consolidating with bearish bias, capped by moving averages and weak momentum indicators.
Positive
- Strong ROCE (25.6%) and ROE (19.0%) highlight efficient capital use.
- Debt-to-equity ratio of 0.03 reflects near debt-free status.
- Quarterly PAT improved to ₹335 Cr. from ₹317 Cr., showing earnings growth.
- EPS of ₹23.8 reflects consistent profitability.
Limitation
- High P/E of 55.4 compared to industry average of 36.0, indicating overvaluation.
- PEG ratio of 7.03 suggests expensive growth prospects.
- Price trading below both 50 DMA and 200 DMA shows weak technical strength.
Company Negative News
- Decline in FII holding (-1.32%) shows reduced foreign investor confidence.
- Stock corrected from its 52-week high of ₹1,674, reflecting selling pressure.
Company Positive News
- DII holdings increased (+1.18%), showing domestic institutional support.
- Quarterly profit variation of 18.4% highlights operational improvement.
Industry
- Consumer electricals industry benefits from rising urban demand and housing growth.
- Industry PE at 36.0 highlights relatively cheaper peers compared to HAVELLS.
Conclusion
⚖️ HAVELLS is technically weak, consolidating below key moving averages with bearish bias. Traders may consider entry near ₹1,320–₹1,340 with strict stop-loss at ₹1,300, targeting ₹1,370–₹1,400 in the short term. Long-term investors should be cautious due to high valuations and wait for better entry points closer to industry PE levels.
Would you like me to extend this into a peer benchmarking overlay (e.g., Crompton Greaves, V-Guard, Bajaj Electricals) so you can evaluate sector rotation opportunities alongside HAVELLS?