MAPMYINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | MAPMYINDIA | Market Cap | 4,625 Cr. | Current Price | 845 ₹ | High / Low | 2,000 ₹ |
| Stock P/E | 33.5 | Book Value | 170 ₹ | Dividend Yield | 0.41 % | ROCE | 22.2 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 972 ₹ | DMA 200 | 1,312 ₹ |
| Chg in FII Hold | -0.75 % | Chg in DII Hold | 0.36 % | PAT Qtr | 46.6 Cr. | PAT Prev Qtr | 22.5 Cr. |
| RSI | 37.0 | MACD | -24.0 | Volume | 2,82,140 | Avg Vol 1Wk | 3,36,671 |
| Low price | 795 ₹ | High price | 2,000 ₹ | PEG Ratio | 3.09 | Debt to equity | 0.01 |
| 52w Index | 4.19 % | Qtr Profit Var | -4.64 % | EPS | 25.2 ₹ | Industry PE | 28.6 |
📈 Chart & Trend Analysis: MAPMYINDIA is trading at ₹845, below both its 50 DMA (₹972) and 200 DMA (₹1,312), indicating short-term and long-term weakness. RSI at 37.0 suggests bearish momentum, nearing oversold territory. MACD at -24.0 shows strong negative divergence, confirming downward bias. Bollinger Bands place the price near the lower band, signaling downside pressure with limited recovery signs.
📊 Volume Trends: Current volume (2,82,140) is below the 1-week average (3,36,671), reflecting weak participation and lack of strong buying interest.
🔑 Support & Resistance: Strong support lies at ₹795 (recent low). Resistance is near ₹972 (50 DMA) and ₹1,312 (200 DMA). Optimal entry zone: ₹820–₹850. Exit/profit booking zone: ₹950–₹1,000.
📉 Momentum Signals: RSI indicates oversold conditions, while MACD confirms bearish momentum. Short-term signals favor cautious accumulation near support zones with exits around resistance levels.
📌 Trend Status: The stock is currently consolidating with bearish bias, not reversing upward yet.
Positive ✅
- ROCE (22.2%) and ROE (16.0%) highlight efficient capital use.
- EPS of ₹25.2 supports valuation strength.
- Debt-to-equity ratio of 0.01 ensures financial stability.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA indicates technical weakness.
- High P/E ratio (33.5) compared to industry average (28.6) suggests premium valuation.
- PEG ratio of 3.09 indicates expensive growth prospects.
Company Negative News ❌
- FII holding decreased (-0.75%), showing reduced foreign investor confidence.
- Quarterly profit variance (-4.64%) highlights earnings stagnation.
Company Positive News 🌟
- PAT improved significantly (₹22.5 Cr → ₹46.6 Cr), showing earnings growth.
- DII holding increased (+0.36%), boosting domestic investor sentiment.
Industry 🏭
- Digital mapping and geospatial services sector trades at industry PE of 28.6, making MAPMYINDIA relatively expensive compared to peers.
- Sector growth driven by rising demand for navigation and location-based solutions.
Conclusion 📌
MAPMYINDIA is consolidating with bearish bias, trading below key moving averages and showing weak momentum. Fundamentals remain supportive with strong ROCE and low debt, but valuations are stretched and foreign investor sentiment is weak. Optimal strategy: accumulate cautiously near ₹820–₹850 support zones and consider profit booking near ₹950–₹1,000. Trend remains consolidative with downside risk unless earnings and volumes improve.
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