HINDCOPPER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | HINDCOPPER | Market Cap | 51,721 Cr. | Current Price | 535 ₹ | High / Low | 760 ₹ |
| Stock P/E | 77.5 | Book Value | 30.9 ₹ | Dividend Yield | 0.27 % | ROCE | 23.8 % |
| ROE | 18.7 % | Face Value | 5.00 ₹ | DMA 50 | 531 ₹ | DMA 200 | 439 ₹ |
| Chg in FII Hold | -0.22 % | Chg in DII Hold | -0.18 % | PAT Qtr | 156 Cr. | PAT Prev Qtr | 186 Cr. |
| RSI | 49.3 | MACD | 8.33 | Volume | 49,81,253 | Avg Vol 1Wk | 49,96,186 |
| Low price | 198 ₹ | High price | 760 ₹ | PEG Ratio | 10.3 | Debt to equity | 0.05 |
| 52w Index | 60.0 % | Qtr Profit Var | 149 % | EPS | 6.90 ₹ | Industry PE | 73.2 |
📉 Chart Patterns & Trend: HINDCOPPER is trading slightly above its 50 DMA (₹531) and well above its 200 DMA (₹439), confirming a bullish medium-term trend. Current price (₹535) is near support, suggesting consolidation with potential upside toward resistance at ₹560–₹580.
📊 Momentum Indicators: RSI at 49.3 indicates neutral momentum, neither overbought nor oversold. MACD at 8.33 confirms mild bullish crossover. Bollinger Bands show price stabilizing near the mid-band, signaling consolidation.
📈 Volume Trends: Current volume (49.8 lakh) is in line with average weekly volume (49.9 lakh), reflecting steady participation without strong accumulation or distribution.
🎯 Entry Zone: ₹525 – ₹540 (near support, favorable risk-reward).
🚪 Exit Zone: ₹560 – ₹580 (near short-term resistance; profit-taking zone).
🔎 Status: The stock is consolidating near support with mild bullish bias. Sustained breakout requires price action above ₹580–₹600.
Positive
- Strong ROE (18.7%) and ROCE (23.8%) highlight operational efficiency.
- Quarterly profit growth (+149%) supports earnings momentum.
- Low debt-to-equity ratio (0.05) ensures financial stability.
- Trading above both 50 & 200 DMA confirms medium-term bullish trend.
Limitation
- High P/E (77.5) compared to industry average (73.2), suggesting overvaluation.
- PEG ratio of 10.3 signals stretched valuation relative to growth.
- Dividend yield of 0.27% is negligible.
- Quarterly PAT declined (₹156 Cr vs ₹186 Cr previous quarter).
Company Negative News
- FII holdings decreased (-0.22%), showing reduced foreign investor confidence.
- DII holdings decreased (-0.18%), reflecting weaker domestic institutional support.
Company Positive News
- EPS of ₹6.90 supports valuation stability.
- Strong YoY profit growth (+149%) highlights operational turnaround.
Industry
- Metals sector trading at industry PE of 73.2, close to HINDCOPPER’s valuation.
- Sector outlook remains positive with global copper demand growth.
Conclusion
✅ HINDCOPPER is technically consolidating but supported by medium-term bullish signals. Fundamentals show strong growth but valuations are stretched. Short-term traders may consider entry near ₹525–₹540 with exits around ₹560–₹580. Long-term investors should wait for confirmation above ₹600 before fresh accumulation.
Would you like me to extend this into a sector overlay comparison with peers like Hindalco, Vedanta, and NMDC to benchmark HINDCOPPER’s relative strength in the metals space?