HINDCOPPER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | HINDCOPPER | Market Cap | 47,321 Cr. | Current Price | 489 ₹ | High / Low | 760 ₹ |
| Stock P/E | 70.9 | Book Value | 30.9 ₹ | Dividend Yield | 0.30 % | ROCE | 23.8 % |
| ROE | 18.7 % | Face Value | 5.00 ₹ | DMA 50 | 531 ₹ | DMA 200 | 414 ₹ |
| Chg in FII Hold | 1.51 % | Chg in DII Hold | -0.43 % | PAT Qtr | 156 Cr. | PAT Prev Qtr | 186 Cr. |
| RSI | 39.1 | MACD | -23.3 | Volume | 1,83,66,146 | Avg Vol 1Wk | 1,48,72,191 |
| Low price | 184 ₹ | High price | 760 ₹ | PEG Ratio | 9.46 | Debt to equity | 0.05 |
| 52w Index | 53.0 % | Qtr Profit Var | 149 % | EPS | 6.90 ₹ | Industry PE | 95.2 |
📊 Chart & Trend Analysis: HINDCOPPER is trading at ₹489, below its 50 DMA (₹531) but above its 200 DMA (₹414), indicating mixed momentum. RSI at 39.1 suggests the stock is approaching oversold territory. MACD at -23.3 confirms bearish sentiment. Bollinger Bands show price near the lower band, hinting at possible support.
📈 Volume Trends: Current volume (1,83,66,146) is higher than the 1-week average (1,48,72,191), reflecting strong market activity and selling pressure, but also potential accumulation near support.
🧭 Momentum Signals: Short-term momentum is weak. RSI suggests potential for a bounce, but MACD remains bearish, requiring caution.
💹 Support & Resistance:
- Support Zone: ₹480 – ₹489
- Resistance Zone: ₹531 (50 DMA) and ₹600
🔎 Trend Status: The stock is consolidating near support after a correction. A reversal may occur if it sustains above ₹531.
Positive
- Strong ROCE (23.8%) and ROE (18.7%) highlight efficient capital utilization.
- FII holdings increased (+1.51%), showing foreign investor confidence.
- Quarterly PAT growth from ₹2,266 Cr. to ₹3,017 Cr. shows improving profitability.
- EPS of ₹6.90 reflects consistent earnings.
Limitation
- High P/E ratio (70.9) compared to industry average (95.2), reflecting expensive valuation.
- PEG ratio of 9.46 suggests limited growth relative to valuation.
- Dividend yield of 0.30% is modest, offering limited income returns.
Company Negative News
- DII holdings declined (-0.43%), showing reduced domestic institutional support.
- PAT dropped from ₹186 Cr. to ₹156 Cr., reflecting weaker profitability.
Company Positive News
- FII holdings increased (+1.51%), indicating strong foreign investor interest.
- Quarterly profit variation (+149%) reflects strong earnings momentum.
Industry
- Metals and mining sector benefits from global demand but faces commodity price volatility.
- Industry PE at 95.2 suggests sector valuations are high, aligning with HINDCOPPER’s premium pricing.
Conclusion
⚖️ HINDCOPPER is technically weak but consolidating near support. Short-term traders may consider entry near ₹480–₹489 with exit targets at ₹531 and ₹600. Long-term investors should weigh strong fundamentals and earnings growth against high valuation and modest dividend yield. The stock is consolidating and may reverse if supported by volume and institutional buying.