MAHSEAMLES - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | MAHSEAMLES | Market Cap | 6,802 Cr. | Current Price | 507 ₹ | High / Low | 774 ₹ |
| Stock P/E | 7.97 | Book Value | 485 ₹ | Dividend Yield | 1.97 % | ROCE | 17.2 % |
| ROE | 13.4 % | Face Value | 5.00 ₹ | DMA 50 | 544 ₹ | DMA 200 | 606 ₹ |
| Chg in FII Hold | -0.35 % | Chg in DII Hold | -0.73 % | PAT Qtr | 247 Cr. | PAT Prev Qtr | 130 Cr. |
| RSI | 34.4 | MACD | -11.4 | Volume | 54,654 | Avg Vol 1Wk | 1,44,943 |
| Low price | 500 ₹ | High price | 774 ₹ | PEG Ratio | 2.15 | Debt to equity | 0.00 |
| 52w Index | 2.65 % | Qtr Profit Var | 30.0 % | EPS | 63.7 ₹ | Industry PE | 18.7 |
📊 Chart Patterns & Trend: Mah Seamless is trading at 507 ₹, below both its 50 DMA (544 ₹) and 200 DMA (606 ₹). This indicates a bearish consolidation with downward bias. The stock is near its 52-week low (500 ₹), reflecting weak sentiment and selling pressure.
📈 RSI: At 34.4, RSI is approaching oversold territory, suggesting limited downside but weak momentum.
📉 MACD: Negative at -11.4, confirming 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 (54,654) is significantly lower than average weekly volume (1,44,943), showing weak participation and lack of conviction in recent moves.
🎯 Entry Zone: 500–515 ₹ (near support and oversold RSI).
🎯 Exit Zone: 540–560 ₹ (near 50 DMA resistance).
Positive
- Market cap of 6,802 Cr. reflects established presence in steel pipes and seamless tubes sector.
- Low P/E of 7.97 compared to industry PE of 18.7, making valuation attractive.
- ROCE (17.2%) and ROE (13.4%) highlight decent capital efficiency.
- Dividend yield of 1.97% provides income return.
- Debt-free balance sheet (Debt-to-equity ratio 0.00).
- Quarterly PAT surged to 247 Cr. from 130 Cr., showing strong sequential growth.
Limitation
- Stock trading below both 50 DMA and 200 DMA, showing weak momentum.
- FII holdings decreased (-0.35%) and DII holdings decreased (-0.73%), showing reduced institutional confidence.
- PEG ratio of 2.15 indicates earnings growth is not keeping pace with valuation.
- Weak trading volumes reduce conviction in price action.
Company Negative News
- Institutional investors reducing stake (FII and DII both decreased).
- Stock trading near 52-week low, reflecting weak sentiment.
Company Positive News
- Quarterly PAT growth of 30% indicates strong operational improvement.
- EPS at 63.7 ₹ supports long-term earnings visibility.
- Debt-free balance sheet provides financial stability.
Industry
- Steel and seamless pipes sector trading at industry PE of 18.7, making Mah Seamless undervalued at P/E of 7.97.
- Sector outlook remains cyclical, tied to infrastructure and industrial growth.
Conclusion
⚖️ Mah Seamless is in a bearish consolidation phase with weak RSI and negative MACD. Entry near 500–515 ₹ offers margin of safety, while exits around 540–560 ₹ provide profit-taking opportunities. Long-term investors may find value due to low P/E, strong ROE/ROCE, and debt-free status, while short-term traders should wait for reversal signals before entering aggressively.
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