⚠ 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.
MAPMYINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.5
| Stock Code | MAPMYINDIA | Market Cap | 6,813 Cr. | Current Price | 1,245 ₹ | High / Low | 2,167 ₹ |
| Stock P/E | 45.4 | Book Value | 157 ₹ | Dividend Yield | 0.27 % | ROCE | 27.6 % |
| ROE | 19.8 % | Face Value | 2.00 ₹ | DMA 50 | 1,557 ₹ | DMA 200 | 1,698 ₹ |
| Chg in FII Hold | -0.73 % | Chg in DII Hold | 0.88 % | PAT Qtr | 18.5 Cr. | PAT Prev Qtr | 50.4 Cr. |
| RSI | 23.3 | MACD | -101 | Volume | 55,126 | Avg Vol 1Wk | 58,917 |
| Low price | 1,231 ₹ | High price | 2,167 ₹ | PEG Ratio | 1.49 | Debt to equity | 0.01 |
| 52w Index | 1.51 % | Qtr Profit Var | -40.9 % | EPS | 27.6 ₹ | Industry PE | 45.7 |
📈 Technical Analysis
- Chart Patterns: Stock has corrected sharply from highs (2,167 ₹) and is trading at 1,245 ₹, showing weakness and inability to sustain above moving averages.
- Moving Averages: Current price is well below both 50 DMA (1,557 ₹) and 200 DMA (1,698 ₹), confirming strong bearish bias.
- RSI: At 23.3, stock is deeply oversold, suggesting potential for short-term rebound but overall weakness.
- MACD: Negative (-101), confirming strong bearish momentum.
- Bollinger Bands: Price near lower band, indicating oversold conditions and possible stabilization.
- Volume Trends: Current volume (55,126) is slightly below average weekly volume (58,917), showing weak participation and cautious sentiment.
🎯 Momentum & Trade Zones
- Short-term Momentum: Strongly bearish, but oversold RSI may trigger a technical bounce.
- Support Levels: 1,231 ₹ (near-term), 1,200 ₹ (major support).
- Resistance Levels: 1,557 ₹ (50 DMA), 1,698 ₹ (200 DMA), 1,800 ₹ (strong resistance).
- Optimal Entry: 1,230–1,250 ₹ range if RSI stabilizes.
- Optimal Exit: 1,500–1,600 ₹ unless breakout above 1,698 ₹ is confirmed.
📊 Trend Status
Stock is reversing from highs with strong bearish signals, but oversold RSI suggests possible rebound near support.
✅ Positive
- Strong ROCE (27.6%) and ROE (19.8%).
- DII holding increased (+0.88%), showing domestic institutional confidence.
- Low debt-to-equity ratio (0.01), indicating strong financial stability.
- EPS at 27.6 ₹ supports valuation strength.
⚠️ Limitation
- Stock trading far below both 50 DMA and 200 DMA, showing technical weakness.
- Quarterly PAT declined sharply (18.5 Cr. vs 50.4 Cr.).
- PEG ratio of 1.49 indicates valuation is stretched relative to growth.
📉 Company Negative News
- FII holding decreased (-0.73%), showing reduced foreign investor confidence.
- Quarterly profit variation (-40.9%) highlights earnings pressure.
- 52-week index gain only 1.51%, showing underperformance.
📈 Company Positive News
- DII holding increased (+0.88%), reflecting domestic investor support.
- Strong ROCE and ROE highlight efficient capital utilization.
🏭 Industry
- Technology & mapping sector trading at industry P/E of 45.7, in line with MapMyIndia’s valuation (45.4).
- Sector supported by rising demand for digital mapping, navigation, and location-based services.
🔎 Conclusion
MapMyIndia is technically reversing with strong bearish signals but oversold RSI suggests possible rebound near 1,230–1,250 ₹. Traders may consider cautious entry with exit around 1,500–1,600 ₹. Long-term investors should wait for breakout above 1,698 ₹ for bullish confirmation, given earnings decline and weak technical structure.