KAYNES - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | KAYNES | Market Cap | 27,112 Cr. | Current Price | 4,044 ₹ | High / Low | 7,705 ₹ |
| Stock P/E | 111 | Book Value | 651 ₹ | Dividend Yield | 0.00 % | ROCE | 11.9 % |
| ROE | 7.97 % | Face Value | 10.0 ₹ | DMA 50 | 3,959 ₹ | DMA 200 | 4,668 ₹ |
| Chg in FII Hold | -1.59 % | Chg in DII Hold | -1.60 % | PAT Qtr | 67.6 Cr. | PAT Prev Qtr | 62.9 Cr. |
| RSI | 51.9 | MACD | 116 | Volume | 9,99,229 | Avg Vol 1Wk | 11,19,753 |
| Low price | 3,295 ₹ | High price | 7,705 ₹ | PEG Ratio | 1.57 | Debt to equity | 0.08 |
| 52w Index | 17.0 % | Qtr Profit Var | 77.7 % | EPS | 36.8 ₹ | Industry PE | 32.4 |
📈 Chart Patterns: KAYNES is consolidating with weak momentum, trading near 50 DMA support but below 200 DMA, showing medium-term resistance.
📊 Moving Averages: Price above 50 DMA (3,959 ₹) but below 200 DMA (4,668 ₹), indicating short-term stability but medium-term weakness.
📉 RSI: At 51.9, RSI suggests neutral momentum with limited bullish strength.
📈 MACD: Positive at 116, signaling mild bullish momentum but not strongly convincing.
📊 Bollinger Bands: Price near mid-band, reflecting consolidation with potential breakout if volume improves.
📉 Volume Trends: Current volume (9.99L) slightly below weekly average (11.2L), showing weaker participation.
🔑 Short-Term Momentum Signals: Mild bullish bias supported by MACD, but neutral RSI and weak volume temper conviction.
🎯 Entry Zone: 3,950–4,050 ₹ near 50 DMA support.
🎯 Exit Zone: 4,200–4,300 ₹ near resistance cluster.
📌 Trend Status: Consolidating with mild bullish bias.
Positive
- Quarterly PAT growth (+77.7%).
- PEG ratio of 1.57 indicates fair valuation relative to growth.
- Low debt-to-equity ratio (0.08).
- EPS at 36.8 ₹ supports valuation strength.
Limitation
- Very high P/E of 111 compared to industry PE of 32.4.
- ROCE (11.9%) and ROE (7.97%) are weak relative to peers.
- Price below 200 DMA, facing medium-term resistance.
- Volume below average, limiting breakout potential.
Company Negative News
- Decline in FII holdings (-1.59%) and DII holdings (-1.60%).
- Valuation concerns with extremely high P/E multiple.
Company Positive News
- Strong quarterly PAT growth (62.9 Cr. → 67.6 Cr.).
- EPS improvement supports earnings consistency.
Industry
- Industry PE at 32.4, significantly lower than KAYNES’s P/E of 111, suggesting premium valuation.
- Sector momentum moderate with 52-week index at 17.0%.
Conclusion
KAYNES is consolidating with mild bullish signals supported by MACD and earnings growth. Entry near 3,950–4,050 ₹ offers favorable positioning, while exits around 4,200–4,300 ₹ capture resistance levels. Strong profit growth supports optimism, but stretched valuation, weak ROCE/ROE, and declining institutional participation warrant cautious trading.