HBLENGINE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | HBLENGINE | Market Cap | 22,134 Cr. | Current Price | 798 ₹ | High / Low | 1,122 ₹ |
| Stock P/E | 27.3 | Book Value | 70.4 ₹ | Dividend Yield | 0.25 % | ROCE | 27.0 % |
| ROE | 20.2 % | Face Value | 1.00 ₹ | DMA 50 | 745 ₹ | DMA 200 | 749 ₹ |
| Chg in FII Hold | 0.07 % | Chg in DII Hold | -0.03 % | PAT Qtr | 218 Cr. | PAT Prev Qtr | 400 Cr. |
| RSI | 61.7 | MACD | 30.9 | Volume | 14,41,752 | Avg Vol 1Wk | 14,42,863 |
| Low price | 452 ₹ | High price | 1,122 ₹ | PEG Ratio | 0.56 | Debt to equity | 0.04 |
| 52w Index | 51.7 % | Qtr Profit Var | 255 % | EPS | 28.5 ₹ | Industry PE | 24.4 |
📈 Chart & Trend: HBLENGINE is trading above both its 50 DMA (745 ₹) and 200 DMA (749 ₹), confirming bullish alignment. RSI at 61.7 indicates healthy momentum, while MACD at 30.9 remains strongly positive. Bollinger Bands show price near the upper band, suggesting resistance and potential consolidation.
🔎 Momentum Signals: Current volume (14.4 lakh) is nearly equal to the 1-week average (14.4 lakh), reflecting stable participation. Momentum remains positive, supported by strong technical indicators.
🎯 Entry Zone: 770–785 ₹ (support near DMA levels)
🚪 Exit Zone: 850–880 ₹ (resistance near recent highs)
📊 Trend Status: Trending upward with strong momentum; risk of consolidation near highs.
Positive
- Strong ROCE (27.0%) and ROE (20.2%) highlight efficient capital use.
- EPS at 28.5 ₹ supports earnings visibility.
- PEG ratio (0.56) suggests fair valuation relative to growth.
- Low debt-to-equity (0.04) ensures financial stability.
- Price trading above both DMAs confirms bullish strength.
Limitation
- Quarterly PAT declined to 218 Cr. from 400 Cr., showing earnings pressure.
- DII holdings decreased (-0.03%), signaling reduced domestic support.
- P/E (27.3) slightly above industry average (24.4), indicating mild overvaluation.
- Volume participation flat compared to average, limiting breakout potential.
Company Negative News
- Sequential decline in quarterly profits.
- Reduced domestic institutional inflows (-0.03%).
Company Positive News
- Strong fundamentals with high ROCE/ROE.
- Foreign institutional inflows (+0.07%) provide confidence.
- Quarterly profit variation (+255%) highlights strong year-on-year recovery.
Industry
- Industry P/E at 24.4 reflects moderate valuations across engineering/electrical sector.
- Sector supported by demand in power, defense, and industrial automation.
Conclusion
HBLENGINE is in a strong uptrend with bullish technical momentum and solid fundamentals, though recent profit decline warrants caution. Entry near 770–785 ₹ offers favorable risk-reward, while profit booking is advised near 850–880 ₹. Short-term outlook remains bullish, with long-term prospects supported by efficiency and sector demand.
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