MINDACORP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | MINDACORP | Market Cap | 13,220 Cr. | Current Price | 552 ₹ | High / Low | 644 ₹ |
| Stock P/E | 73.3 | Book Value | 87.2 ₹ | Dividend Yield | 0.25 % | ROCE | 11.8 % |
| ROE | 11.2 % | Face Value | 2.00 ₹ | DMA 50 | 571 ₹ | DMA 200 | 551 ₹ |
| Chg in FII Hold | 0.37 % | Chg in DII Hold | -0.09 % | PAT Qtr | 47.0 Cr. | PAT Prev Qtr | 41.8 Cr. |
| RSI | 45.0 | MACD | -9.18 | Volume | 1,61,447 | Avg Vol 1Wk | 1,59,481 |
| Low price | 445 ₹ | High price | 644 ₹ | PEG Ratio | 8.79 | Debt to equity | 0.75 |
| 52w Index | 53.7 % | Qtr Profit Var | -25.0 % | EPS | 7.55 ₹ | Industry PE | 28.0 |
📊 Chart Patterns & Trend: Minda Corp is trading at 552 ₹, slightly below its 50 DMA (571 ₹) but aligned with its 200 DMA (551 ₹). This indicates a consolidation phase with mild bearish bias. The stock is midway between its 52-week low (445 ₹) and high (644 ₹), reflecting neutral sentiment.
📈 RSI: At 45.0, RSI is neutral, suggesting balanced momentum without strong overbought or oversold signals.
📉 MACD: Negative at -9.18, confirming mild bearish undertone and lack of bullish crossover signals.
📊 Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility expansion.
📊 Volume Trends: Current volume (1,61,447) is aligned with average weekly volume (1,59,481), showing steady participation but no strong breakout signals.
🎯 Entry Zone: 540–555 ₹ (near 200 DMA support).
🎯 Exit Zone: 570–590 ₹ (near 50 DMA resistance).
Positive
- Market cap of 13,220 Cr. reflects strong presence in auto components sector.
- Quarterly PAT improved to 47 Cr. from 41.8 Cr., showing sequential growth.
- FII holdings increased by 0.37%, showing foreign investor confidence.
- EPS at 7.55 ₹ supports earnings visibility.
- ROCE (11.8%) and ROE (11.2%) highlight decent capital efficiency.
Limitation
- Stock trading below 50 DMA, showing weak short-term momentum.
- High P/E of 73.3 compared to industry PE of 28.0, making valuation expensive.
- PEG ratio of 8.79 indicates poor earnings growth relative to valuation.
- Debt-to-equity ratio at 0.75 reflects moderate leverage.
- MACD remains negative, confirming bearish undertone.
Company Negative News
- Quarterly profit variance of -25.0% highlights declining profitability.
- DII holdings decreased (-0.09%), showing reduced domestic investor confidence.
Company Positive News
- Sequential PAT growth (47 Cr. vs 41.8 Cr.) indicates operational improvement.
- FII stake increase reflects foreign investor confidence.
- EPS growth supports long-term earnings visibility.
Industry
- Auto components sector trading at industry PE of 28.0, highlighting Minda Corp’s premium valuation.
- Sector outlook remains positive with rising demand for automotive electrification and safety systems.
Conclusion
⚖️ Minda Corp is in a consolidation phase with neutral RSI and negative MACD. Entry near 540–555 ₹ offers margin of safety, while exits around 570–590 ₹ provide profit-taking opportunities. Long-term investors should be cautious due to high valuations and moderate leverage, while short-term traders may exploit consolidation moves for swing trades.
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