⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
MAHABANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | MAHABANK | Market Cap | 47,134 Cr. | Current Price | 61.3 ₹ | High / Low | 67.8 ₹ |
| Stock P/E | 7.29 | Book Value | 43.3 ₹ | Dividend Yield | 2.49 % | ROCE | 5.78 % |
| ROE | 22.9 % | Face Value | 10.0 ₹ | DMA 50 | 61.6 ₹ | DMA 200 | 57.5 ₹ |
| Chg in FII Hold | 2.57 % | Chg in DII Hold | 3.44 % | PAT Qtr | 1,779 Cr. | PAT Prev Qtr | 1,633 Cr. |
| RSI | 40.1 | MACD | 1.01 | Volume | 1,94,60,112 | Avg Vol 1Wk | 1,68,92,418 |
| Low price | 38.1 ₹ | High price | 67.8 ₹ | PEG Ratio | 0.11 | Debt to equity | 10.6 |
| 52w Index | 78.1 % | Qtr Profit Var | 26.5 % | EPS | 8.45 ₹ | Industry PE | 7.64 |
📈 Technical Analysis
- Chart Patterns: Price is near 50 DMA (61.6 ₹) and above 200 DMA (57.5 ₹), showing stability.
- Moving Averages: Current price (61.3 ₹) is slightly below 50 DMA but above 200 DMA, indicating consolidation.
- RSI: At 40.1, nearing oversold territory, suggesting potential rebound.
- MACD: Positive (1.01), showing mild bullish momentum.
- Bollinger Bands: Price is mid-to-lower band, suggesting consolidation with upside potential.
- Volume Trends: Current volume (1,94,60,112) is higher than 1-week average (1,68,92,418), indicating strong participation.
📊 Momentum & Trend
- Short-term Momentum: Neutral to mildly bullish with MACD positive and RSI weak.
- Support Zone: 60 ₹ – 61 ₹ (near current levels).
- Resistance Zone: 64 ₹ – 66 ₹ (near recent highs).
- Trend: Consolidating with mild bullish bias.
- Optimal Entry: Around 60 ₹ – 61 ₹ if support holds.
- Optimal Exit: Around 64 ₹ – 66 ₹ unless breakout occurs.
✅ Positive
- Strong ROE (22.9%) indicates efficient use of equity.
- Dividend yield of 2.49% provides investor returns.
- Quarterly PAT growth (1,779 Cr vs 1,633 Cr), showing earnings improvement.
- FII holding increased (+2.57%) and DII holding increased (+3.44%), showing strong institutional confidence.
- PEG ratio (0.11) indicates attractive valuation relative to growth.
⚠️ Limitation
- ROCE (5.78%) is modest compared to peers.
- High debt-to-equity ratio (10.6) indicates significant leverage risk.
- Current price slightly below 50 DMA suggests short-term weakness.
📉 Company Negative News
- High leverage (Debt-to-equity 10.6) raises financial risk.
- RSI at 40.1 indicates weak momentum and oversold conditions.
📈 Company Positive News
- Quarterly profit growth of 26.5% indicates strong operational improvement.
- FII and DII holdings both increased, reflecting strong institutional confidence.
🏭 Industry
- Industry PE at 7.64, close to company PE (7.29), suggesting fair valuation.
- Sector outlook remains steady with consistent demand in banking.
🔎 Conclusion
- Stock is consolidating with mild bullish signals but faces resistance near 64 ₹ – 66 ₹.
- Entry near support (60 ₹ – 61 ₹) could be favorable for short-term trades.
- Exit near resistance (64 ₹ – 66 ₹) unless breakout confirms further upside.
- Long-term investors may benefit from strong ROE, dividend yield, and institutional support, but should monitor leverage risks and modest ROCE.