MMTC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | MMTC | Market Cap | 9,717 Cr. | Current Price | 64.8 ₹ | High / Low | 88.2 ₹ |
| Stock P/E | 186 | Book Value | 10.9 ₹ | Dividend Yield | 0.00 % | ROCE | 8.33 % |
| ROE | 5.69 % | Face Value | 1.00 ₹ | DMA 50 | 61.6 ₹ | DMA 200 | 63.2 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.00 % | PAT Qtr | 10.5 Cr. | PAT Prev Qtr | 4.88 Cr. |
| RSI | 56.3 | MACD | 2.09 | Volume | 15,06,980 | Avg Vol 1Wk | 21,28,549 |
| Low price | 50.1 ₹ | High price | 88.2 ₹ | PEG Ratio | 6.41 | Debt to equity | 0.02 |
| 52w Index | 38.6 % | Qtr Profit Var | 2,005 % | EPS | 1.20 ₹ | Industry PE | 31.1 |
📊 MMTC is trading slightly above its 50 DMA (₹61.6) and 200 DMA (₹63.2), showing short-term support but limited strength. RSI at 56.3 reflects neutral-to-mild bullish momentum, while MACD (2.09) suggests weak positive divergence. Bollinger Bands indicate consolidation with no clear breakout. Current volume (15.1 lakh) is below the 1-week average (21.3 lakh), signaling reduced participation.
💡 Optimal Entry: ₹62–₹65 (near DMA support)
🚪 Exit if Holding: Profit-taking zone around ₹85–₹88; Stop-loss below ₹60
📈 Trend Status: Consolidating with mild bullish bias
✅ Positive
- Trading above both 50 DMA and 200 DMA
- Quarterly PAT growth (₹4.88 Cr → ₹10.5 Cr)
- EPS improvement to ₹1.20
- FII holdings increased (+0.11%)
- Low debt-to-equity ratio (0.02)
⚠️ Limitation
- High valuation (P/E 186 vs industry 31.1)
- Weak ROE (5.69%) and ROCE (8.33%)
- PEG ratio at 6.41 indicates poor growth-adjusted valuation
- Volume below weekly average, showing weak participation
📉 Company Negative News
- Fundamentals remain weak despite profit growth
- Valuation concerns with extremely high P/E
📈 Company Positive News
- Quarterly PAT more than doubled sequentially
- FII inflows indicate foreign investor confidence
🏭 Industry
- Trading at a premium compared to industry PE (31.1)
- Sector outlook stable but MMTC remains overvalued
🔎 Conclusion
MMTC is consolidating near support levels with mild bullish signals. Entry around ₹62–₹65 offers a controlled risk setup, while exits around ₹85–₹88 are advisable. Despite short-term earnings recovery, weak fundamentals and stretched valuations limit long-term attractiveness. Best suited for swing trades with strict stop-loss discipline.