⚠ 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.
MANYAVAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | MANYAVAR | Market Cap | 8,882 Cr. | Current Price | 365 ₹ | High / Low | 850 ₹ |
| Stock P/E | 24.5 | Book Value | 70.8 ₹ | Dividend Yield | 2.19 % | ROCE | 25.9 % |
| ROE | 22.3 % | Face Value | 1.00 ₹ | DMA 50 | 443 ₹ | DMA 200 | 626 ₹ |
| Chg in FII Hold | -0.47 % | Chg in DII Hold | 1.05 % | PAT Qtr | 135 Cr. | PAT Prev Qtr | 56.1 Cr. |
| RSI | 35.8 | MACD | -31.7 | Volume | 13,20,664 | Avg Vol 1Wk | 9,35,930 |
| Low price | 329 ₹ | High price | 850 ₹ | PEG Ratio | 3.27 | Debt to equity | 0.27 |
| 52w Index | 6.87 % | Qtr Profit Var | -14.6 % | EPS | 14.9 ₹ | Industry PE | 26.7 |
📊 Technical Analysis
- Chart Patterns: Price is well below both 50 DMA (₹443) and 200 DMA (₹626), showing strong weakness.
- RSI: At 35.8, near oversold territory, suggesting possible support but still bearish.
- MACD: Deeply negative (-31.7), confirming strong bearish momentum.
- Bollinger Bands: Price near lower band, indicating selling pressure.
- Volume Trends: Current volume (13.2L) above 1-week average (9.3L), showing heavy selling activity.
📈 Momentum & Signals
- Short-term Momentum: Bearish, with strong downward bias.
- Support Zone: ₹329 – ₹365 (recent low and current price).
- Resistance Zone: ₹443 – ₹450 (near 50 DMA).
- Optimal Entry: Around ₹330–₹365 if support holds.
- Optimal Exit: Near ₹443–₹450 unless breakout occurs.
- Trend Status: Reversing downward after prolonged weakness.
✅ Positive
- Strong ROCE (25.9%) and ROE (22.3%), showing efficient capital use.
- Dividend yield of 2.19%, attractive for income investors.
- Quarterly PAT improved significantly from ₹56.1 Cr. to ₹135 Cr.
⚠️ Limitation
- Stock trading far below both 50 DMA and 200 DMA.
- High PEG ratio (3.27), suggesting overvaluation relative to growth.
- Debt-to-equity at 0.27, higher than peers.
📉 Company Negative News
- FII holding decreased (-0.47%), showing reduced foreign investor confidence.
- Quarterly profit variation (-14.6%) indicates margin pressure despite higher PAT.
📈 Company Positive News
- DII holding increased (+1.05%), strong domestic institutional support.
- EPS at ₹14.9, showing consistent earnings base.
🏭 Industry
- Industry P/E at 26.7, slightly higher than company’s 24.5, suggesting fair valuation.
- Sector growth modest with 6.87% index gain in 52 weeks.
🔎 Conclusion
MANYAVAR is showing strong bearish technical signals, trading well below both 50 DMA and 200 DMA with weak RSI and deeply negative MACD. Despite strong fundamentals like ROCE, ROE, and dividend yield, the stock is under pressure with declining investor confidence. Short-term traders should watch ₹329–₹365 as support and ₹443–₹450 as resistance. The stock is currently reversing downward, and sustained movement above ₹450 would be needed to signal recovery.