HDFCAMC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | HDFCAMC | Market Cap | 1,16,226 Cr. | Current Price | 2,713 ₹ | High / Low | 2,967 ₹ |
| Stock P/E | 40.6 | Book Value | 215 ₹ | Dividend Yield | 1.66 % | ROCE | 42.9 % |
| ROE | 32.9 % | Face Value | 5.00 ₹ | DMA 50 | 2,602 ₹ | DMA 200 | 2,578 ₹ |
| Chg in FII Hold | 0.46 % | Chg in DII Hold | -0.48 % | PAT Qtr | 623 Cr. | PAT Prev Qtr | 770 Cr. |
| RSI | 56.0 | MACD | 73.8 | Volume | 12,84,477 | Avg Vol 1Wk | 9,40,897 |
| Low price | 2,081 ₹ | High price | 2,967 ₹ | PEG Ratio | 1.55 | Debt to equity | 0.00 |
| 52w Index | 71.3 % | Qtr Profit Var | -2.42 % | EPS | 66.8 ₹ | Industry PE | 31.6 |
📉 Chart Patterns & Trend: HDFCAMC is trading above both its 50 DMA (₹2,602) and 200 DMA (₹2,578), showing a positive medium-term trend. Current price (₹2,713) is comfortably above support zones, suggesting bullish bias with potential continuation toward resistance near ₹2,900–₹2,950.
📊 Momentum Indicators: RSI at 56.0 indicates neutral-to-positive momentum, not overbought. MACD at 73.8 confirms bullish crossover strength. Bollinger Bands show price moving toward the upper band, signaling upward momentum.
📈 Volume Trends: Current volume (12.8 lakh) is higher than average weekly volume (9.4 lakh), reflecting strong participation and accumulation interest.
🎯 Entry Zone: ₹2,600 – ₹2,650 (near 50 DMA support, favorable risk-reward).
🚪 Exit Zone: ₹2,900 – ₹2,950 (near resistance and 52-week high zone).
🔎 Status: The stock is trending upward with bullish signals. Short-term consolidation possible, but overall momentum favors continuation unless price breaks below ₹2,580.
Positive
- Strong ROE (32.9%) and ROCE (42.9%) highlight efficient capital use.
- Zero debt ensures financial stability.
- Dividend yield of 1.66% adds investor value.
- Trading above both 50 & 200 DMA confirms bullish technical strength.
Limitation
- High P/E (40.6) compared to industry average (31.6) suggests premium valuation.
- Quarterly profit declined (-2.42%), raising near-term concerns.
- PEG ratio at 1.55 indicates moderate overvaluation relative to growth.
Company Negative News
- DII holdings decreased (-0.48%), showing reduced domestic institutional support.
- Quarterly PAT dropped from ₹770 Cr to ₹623 Cr.
Company Positive News
- FII holdings increased (+0.46%), reflecting foreign investor confidence.
- EPS at ₹66.8 remains strong, supporting long-term growth outlook.
Industry
- Asset management industry PE at 31.6 indicates competitive valuations.
- Sector benefits from rising retail participation in mutual funds.
Conclusion
✅ HDFCAMC shows strong technical momentum, trading above key moving averages with bullish MACD and healthy RSI. Fundamentals remain solid, though valuations are stretched. Traders may consider entry near ₹2,600–₹2,650 with exits around ₹2,900–₹2,950. Long-term investors can hold, but should monitor profit growth trends closely.
Would you like me to extend this into a long-term investment overlay (ROE, ROCE, PEG, dividend yield vs peers like Nippon AMC, UTI AMC) so you can benchmark HDFCAMC’s sustainability against competitors?