MANAPPURAM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.4
| Stock Code | MANAPPURAM | Market Cap | 27,843 Cr. | Current Price | 329 ₹ | High / Low | 334 ₹ |
| Stock P/E | 18.3 | Book Value | 188 ₹ | Dividend Yield | 1.06 % | ROCE | 9.53 % |
| ROE | 11.0 % | Face Value | 2.00 ₹ | DMA 50 | 297 ₹ | DMA 200 | 280 ₹ |
| Chg in FII Hold | -5.55 % | Chg in DII Hold | 1.81 % | PAT Qtr | 376 Cr. | PAT Prev Qtr | 381 Cr. |
| RSI | 68.8 | MACD | 11.4 | Volume | 17,21,878 | Avg Vol 1Wk | 40,32,974 |
| Low price | 231 ₹ | High price | 334 ₹ | PEG Ratio | 2.85 | Debt to equity | 3.21 |
| 52w Index | 95.0 % | Qtr Profit Var | -9.37 % | EPS | 18.0 ₹ | Industry PE | 20.3 |
📈 Chart & Momentum Analysis
- Current price (₹329) is above DMA 50 (₹297) and DMA 200 (₹280), showing strong bullish momentum.
- RSI at 68.8 indicates near overbought conditions, suggesting caution for fresh entries.
- MACD at 11.4 is positive, confirming bullish bias.
- Bollinger Bands: Price near upper band, signaling continuation but also volatility risk.
- Volume (17.2L) is below average weekly volume (40.3L), showing reduced participation at highs.
🎯 Entry & Exit Zones
- Optimal entry: ₹310–₹320 (support near DMA 50).
- Exit/Profit zone: ₹330–₹340 (resistance near 52-week high).
- Stop-loss: ₹300 (DMA 50 support).
📊 Trend Status
- The stock is trending upward strongly, but short-term consolidation risk exists due to overbought RSI and weak volume.
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Positive
✔ Price trading above DMA 50 & DMA 200.
✔ MACD positive, supporting bullish continuation.
✔ EPS at ₹18.0 reflects profitability.
✔ DII holding increased (+1.81%).
Limitation
⚠ RSI near overbought zone, risk of pullback.
⚠ Volume below average, limiting momentum strength.
⚠ Debt-to-equity at 3.21 indicates high leverage.
Company Negative News
📉 PAT declined slightly (₹381 Cr. → ₹376 Cr.).
📉 FII holding reduced (-5.55%).
Company Positive News
📈 EPS strength supports valuation.
📈 DII holding increased (+1.81%).
📈 Dividend yield at 1.06% adds investor appeal.
Industry
🏦 NBFC sector PE at 20.3, MANAPPURAM trades at a discount (PE 18.3).
🏦 Sector outlook remains positive with credit demand recovery.
Conclusion
🔎 MANAPPURAM is in a strong bullish trend but faces short-term consolidation risk. Best strategy is accumulation near ₹310–₹320 and profit booking around ₹330–₹340. A breakout above ₹340 would confirm continuation toward ₹350+.
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