HINDPETRO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | HINDPETRO | Market Cap | 74,325 Cr. | Current Price | 349 ₹ | High / Low | 508 ₹ |
| Stock P/E | 4.76 | Book Value | 244 ₹ | Dividend Yield | 3.01 % | ROCE | 11.8 % |
| ROE | 16.9 % | Face Value | 10.0 ₹ | DMA 50 | 424 ₹ | DMA 200 | 428 ₹ |
| Chg in FII Hold | 1.87 % | Chg in DII Hold | -1.60 % | PAT Qtr | 4,072 Cr. | PAT Prev Qtr | 3,830 Cr. |
| RSI | 25.1 | MACD | -24.4 | Volume | 95,31,594 | Avg Vol 1Wk | 1,10,53,823 |
| Low price | 324 ₹ | High price | 508 ₹ | PEG Ratio | 0.86 | Debt to equity | 1.16 |
| 52w Index | 13.7 % | Qtr Profit Var | 34.7 % | EPS | 73.4 ₹ | Industry PE | 13.7 |
📊 Chart & Trend Analysis: HINDPETRO is trading at ₹349, well below both its 50 DMA (₹424) and 200 DMA (₹428), reflecting strong bearish pressure. RSI at 25.1 indicates oversold conditions, while MACD at -24.4 confirms negative momentum. Bollinger Bands show price hugging the lower band, suggesting continued selling pressure. Volume is slightly below average, showing reduced participation despite weakness.
📈 Momentum Signals: Short-term momentum is weak, with RSI oversold and MACD negative. A technical rebound may occur if support holds, but trend remains bearish. Consolidation is possible before reversal attempts.
💹 Entry & Exit Zones:
- Optimal Entry: ₹340–₹350 (near support, oversold RSI)
- Stop-Loss: ₹324 (recent low)
- Exit Zone: ₹420–₹430 (near 200 DMA resistance)
- Major Resistance: ₹508 (recent high)
📉 Trend Status: The stock is trending bearish, with oversold RSI hinting at a possible short-term rebound if support levels hold.
Positive
- Strong ROE (16.9%) and ROCE (11.8%) highlight efficient capital use.
- Dividend yield of 3.01% provides attractive income for investors.
- Quarterly PAT improved to ₹4,072 Cr. from ₹3,830 Cr., showing earnings growth.
- EPS of ₹73.4 reflects strong profitability.
Limitation
- P/E of 4.76 is significantly below industry average (13.7), reflecting undervaluation but also market skepticism.
- Debt-to-equity ratio of 1.16 indicates high leverage.
- Price trading far below both 50 DMA and 200 DMA shows weak technical strength.
Company Negative News
- DII holdings decreased (-1.60%), showing reduced domestic institutional support.
- Stock corrected sharply from its 52-week high of ₹508, reflecting selling pressure.
Company Positive News
- FII holdings increased (+1.87%), showing strong foreign investor interest.
- Quarterly profit variation of 34.7% highlights operational improvement.
Industry
- Oil & gas industry benefits from global energy demand but faces volatility in crude prices.
- Industry PE at 13.7 highlights relatively higher valuations compared to HINDPETRO’s low P/E of 4.76.
Conclusion
⚖️ HINDPETRO is technically weak, trending bearish with oversold RSI and strong selling pressure. Traders may consider entry near ₹340–₹350 with strict stop-loss at ₹324, targeting ₹420–₹430 in the short term. Long-term investors may find value given low P/E and strong profitability, but should be cautious of high leverage and volatility in the oil & gas sector.
Would you like me to extend this into a peer benchmarking overlay (e.g., BPCL, IOC, ONGC) so you can evaluate sector rotation opportunities alongside HINDPETRO?