MINDACORP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | MINDACORP | Market Cap | 12,435 Cr. | Current Price | 520 ₹ | High / Low | 644 ₹ |
| Stock P/E | 60.9 | Book Value | 87.2 ₹ | Dividend Yield | 0.27 % | ROCE | 11.8 % |
| ROE | 11.2 % | Face Value | 2.00 ₹ | DMA 50 | 531 ₹ | DMA 200 | 543 ₹ |
| Chg in FII Hold | -0.29 % | Chg in DII Hold | 0.39 % | PAT Qtr | 81.6 Cr. | PAT Prev Qtr | 47.0 Cr. |
| RSI | 48.1 | MACD | 0.79 | Volume | 2,31,754 | Avg Vol 1Wk | 6,72,871 |
| Low price | 445 ₹ | High price | 644 ₹ | PEG Ratio | 7.31 | Debt to equity | 0.75 |
| 52w Index | 37.7 % | Qtr Profit Var | 41.1 % | EPS | 8.45 ₹ | Industry PE | 27.3 |
📊 Minda Corporation (MINDACORP) is trading below both its 50 DMA (₹531) and 200 DMA (₹543), reflecting short-term and medium-term weakness. RSI at 48.1 indicates neutral-to-bearish momentum, while MACD (0.79) shows mild positive divergence but lacks conviction. Bollinger Bands suggest consolidation near the mid-range. Current volume (2.31 lakh) is significantly below the 1-week average (6.72 lakh), highlighting weak participation.
💡 Optimal Entry: ₹505–₹515 (near support zone)
🚪 Exit if Holding: Profit-taking zone around ₹540–₹555; Stop-loss below ₹495
📈 Trend Status: Consolidating with weak momentum
✅ Positive
- Quarterly PAT growth (₹47 Cr → ₹81.6 Cr)
- DII holdings increased (+0.39%)
- EPS at ₹8.45 supports earnings visibility
- Moderate ROE (11.2%) and ROCE (11.8%)
⚠️ Limitation
- Trading below both 50 DMA and 200 DMA
- Weak RSI (48.1) and low momentum
- PEG ratio at 7.31 indicates stretched valuation
- High P/E (60.9 vs industry 27.3)
- Volume significantly below average
📉 Company Negative News
- Weak technical signals despite profit growth
- FII holdings declined (-0.29%)
📈 Company Positive News
- Strong quarterly PAT growth (+41.1%)
- DII inflows indicate domestic investor confidence
🏭 Industry
- Auto components sector average PE at 27.3, MINDACORP trades at a premium (60.9)
- Sector outlook stable with cyclical demand recovery
🔎 Conclusion
MINDACORP is consolidating below key moving averages with weak momentum signals. Entry near ₹505–₹515 offers a controlled risk setup, while exits around ₹540–₹555 are advisable. Strong profit growth and DII support are positives, but stretched valuations and weak technicals limit near-term upside. Suitable only for cautious swing trades with strict stop-loss discipline.