HINDZINC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | HINDZINC | Market Cap | 2,40,751 Cr. | Current Price | 570 ₹ | High / Low | 733 ₹ |
| Stock P/E | 20.6 | Book Value | 32.2 ₹ | Dividend Yield | 5.09 % | ROCE | 60.7 % |
| ROE | 72.4 % | Face Value | 2.00 ₹ | DMA 50 | 601 ₹ | DMA 200 | 514 ₹ |
| Chg in FII Hold | 0.22 % | Chg in DII Hold | -0.24 % | PAT Qtr | 3,860 Cr. | PAT Prev Qtr | 2,632 Cr. |
| RSI | 39.6 | MACD | 18.9 | Volume | 4,98,13,182 | Avg Vol 1Wk | 4,52,69,513 |
| Low price | 378 ₹ | High price | 733 ₹ | PEG Ratio | 8.06 | Debt to equity | 0.82 |
| 52w Index | 54.1 % | Qtr Profit Var | 45.8 % | EPS | 27.7 ₹ | Industry PE | 47.1 |
📊 Chart & Trend Analysis: HINDZINC is trading at ₹570, below its 50 DMA (₹601) but above its 200 DMA (₹514), indicating short-term weakness but medium-term support. RSI at 39.6 suggests the stock is nearing oversold territory. MACD at 18.9 reflects mild bullish crossover, hinting at potential recovery. Current volume (4.98 Cr.) is slightly above the weekly average (4.52 Cr.), showing healthy participation. Bollinger Bands indicate price near the lower band, reinforcing consolidation with a mild bullish tilt.
📈 Momentum Signals: Short-term momentum is mixed — RSI suggests weakness, while MACD shows bullish crossover. Strong volume participation supports potential rebound.
🎯 Entry Zone: ₹555 – ₹565 (near immediate support)
🚪 Exit Zone: ₹600 – ₹620 (near resistance at 50 DMA)
🔎 Trend Status: Consolidating with mild bullish bias. Sustained trade above ₹600 could trigger fresh uptrend towards ₹650+, while breakdown below ₹555 may signal reversal.
Positive
- Exceptional ROCE (60.7%) and ROE (72.4%) highlight strong capital efficiency.
- Dividend yield of 5.09% adds investor appeal.
- Quarterly PAT growth from ₹2,632 Cr. to ₹3,860 Cr. shows strong earnings momentum.
- EPS of ₹27.7 reflects consistent profitability.
- Increase in FII holding (+0.22%) signals foreign investor confidence.
Limitation
- Stock trading below 50 DMA signals short-term weakness.
- High PEG ratio (8.06) indicates expensive growth prospects.
- Debt-to-equity ratio of 0.82 reflects moderate leverage risk.
- 52-week index at 54.1% shows the stock is far from its highs.
Company Negative News
- Decline in DII holding (-0.24%) signals reduced domestic institutional support.
Company Positive News
- Quarterly profit variation of 45.8% shows strong earnings growth.
- Increase in FII holding reflects renewed foreign investor interest.
Industry
- Metals and mining sector benefits from infrastructure and industrial demand.
- Industry P/E at 47.1 highlights premium valuations across the sector compared to HINDZINC’s discount.
Conclusion
⚖️ HINDZINC is consolidating with a mild bullish bias. Entry near ₹555–₹565 offers favorable risk-reward, while exits near ₹600–₹620 provide short-term profit booking. Strong fundamentals and high dividend yield support long-term holding, but high PEG ratio and leverage warrant cautious positioning.
Would you like me to extend this into a peer benchmarking overlay (HINDALCO, Vedanta, NALCO) so you can compare HINDZINC’s relative strength within the metals and mining basket?