MAHSCOOTER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.3
| Stock Code | MAHSCOOTER | Market Cap | 15,006 Cr. | Current Price | 13,157 ₹ | High / Low | 18,538 ₹ |
| Stock P/E | 48.3 | Book Value | 28,887 ₹ | Dividend Yield | 1.22 % | ROCE | 0.59 % |
| ROE | 0.61 % | Face Value | 10.0 ₹ | DMA 50 | 14,038 ₹ | DMA 200 | 14,009 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | 0.02 % | PAT Qtr | 4.12 Cr. | PAT Prev Qtr | 267 Cr. |
| RSI | 41.8 | MACD | -264 | Volume | 3,116 | Avg Vol 1Wk | 4,306 |
| Low price | 8,822 ₹ | High price | 18,538 ₹ | PEG Ratio | 6.84 | Debt to equity | 0.00 |
| 52w Index | 44.6 % | Qtr Profit Var | 24.8 % | EPS | 313 ₹ | Industry PE | 22.5 |
📊 Chart Patterns & Trend: Mahindra Scooters is trading at 13,157 ₹, below both its 50 DMA (14,038 ₹) and 200 DMA (14,009 ₹). This indicates a bearish consolidation with downward bias. The stock is far from its 52-week high (18,538 ₹) and closer to its low (8,822 ₹), reflecting weak sentiment.
📈 RSI: At 41.8, RSI is neutral-to-weak, showing limited momentum and no strong rebound signals.
📉 MACD: Deeply negative at -264, confirming strong bearish momentum and lack of bullish crossover signals.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible mean reversion.
📊 Volume Trends: Current volume (3,116) is lower than average weekly volume (4,306), showing weak participation and lack of conviction in recent moves.
🎯 Entry Zone: 12,800–13,000 ₹ (near support and oversold RSI).
🎯 Exit Zone: 14,000–14,200 ₹ (near 50 DMA and 200 DMA resistance).
Positive
- Market cap of 15,006 Cr. reflects established presence in the sector.
- Debt-free balance sheet (Debt-to-equity ratio 0.00).
- Dividend yield of 1.22% provides modest income return.
- EPS at 313 ₹ reflects earnings visibility.
- FII and DII holdings increased slightly, showing marginal institutional confidence.
Limitation
- Stock trading below both 50 DMA and 200 DMA, showing weak momentum.
- Extremely low ROCE (0.59%) and ROE (0.61%), highlighting poor capital efficiency.
- High P/E of 48.3 compared to industry PE of 22.5, making valuation expensive.
- PEG ratio of 6.84 indicates poor earnings growth relative to valuation.
- Weak trading volumes reduce conviction in price action.
Company Negative News
- Sharp sequential decline in quarterly PAT (4.12 Cr. vs 267 Cr.).
- Weak profitability metrics (ROCE and ROE both below 1%).
Company Positive News
- Quarterly profit variance of 24.8% indicates year-on-year improvement despite sequential weakness.
- Debt-free balance sheet provides financial stability.
- Dividend yield of 1.22% offers modest returns for income-focused investors.
Industry
- Automobile sector trading at industry PE of 22.5, highlighting Mahindra Scooters’ overvaluation.
- Sector outlook remains cyclical, tied to consumer demand and economic growth.
Conclusion
⚖️ Mahindra Scooters is in a bearish consolidation phase with weak RSI and strongly negative MACD. Entry near 12,800–13,000 ₹ offers margin of safety, while exits around 14,000–14,200 ₹ provide profit-taking opportunities. Long-term investors should be cautious due to poor ROE/ROCE and expensive valuation, while short-term traders may exploit oversold conditions for limited swing trades.
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