MMTC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.5
| Stock Code | MMTC | Market Cap | 9,447 Cr. | Current Price | 63.0 ₹ | High / Low | 88.2 ₹ |
| Stock P/E | 229 | Book Value | 10.9 ₹ | Dividend Yield | 0.00 % | ROCE | 8.33 % |
| ROE | 5.69 % | Face Value | 1.00 ₹ | DMA 50 | 64.1 ₹ | DMA 200 | 65.2 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | -0.07 % | PAT Qtr | 4.88 Cr. | PAT Prev Qtr | 36.7 Cr. |
| RSI | 46.2 | MACD | 0.73 | Volume | 34,09,869 | Avg Vol 1Wk | 1,01,89,677 |
| Low price | 42.6 ₹ | High price | 88.2 ₹ | PEG Ratio | 7.90 | Debt to equity | 0.02 |
| 52w Index | 44.7 % | Qtr Profit Var | -56.7 % | EPS | 1.13 ₹ | Industry PE | 32.3 |
📊 Chart Patterns & Trend: MMTC is trading at 63.0 ₹, slightly below its 50 DMA (64.1 ₹) and 200 DMA (65.2 ₹). This indicates a bearish consolidation with weak momentum. The stock is far below its 52-week high (88.2 ₹) and closer to its low (42.6 ₹), reflecting cautious sentiment.
📈 RSI: At 46.2, RSI is neutral, showing neither strong overbought nor oversold signals.
📉 MACD: Slightly positive at 0.73, suggesting mild bullish crossover but lacking strong momentum confirmation.
📊 Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility expansion.
📊 Volume Trends: Current volume (34,09,869) is significantly lower than average weekly volume (1,01,89,677), showing weak participation and lack of conviction in recent moves.
🎯 Entry Zone: 60–62 ₹ (near support levels).
🎯 Exit Zone: 66–70 ₹ (near 200 DMA resistance and upper consolidation band).
Positive
- Market cap of 9,447 Cr. reflects established presence in trading sector.
- Debt-to-equity ratio at 0.02 shows near debt-free balance sheet.
- MACD slightly positive, hinting at potential short-term recovery.
Limitation
- Extremely high P/E of 229 compared to industry PE of 32.3, making valuation unsustainable.
- ROCE (8.33%) and ROE (5.69%) are weak, limiting long-term compounding potential.
- Dividend yield is 0.00%, offering no income return for investors.
- PEG ratio of 7.90 indicates poor earnings growth relative to valuation.
- Weak trading volumes reduce conviction in price action.
Company Negative News
- Quarterly PAT declined sharply (4.88 Cr. vs 36.7 Cr.).
- Quarterly profit variance of -56.7% highlights operational weakness.
- FII and DII holdings both decreased (-0.07%), showing reduced institutional confidence.
Company Positive News
- Debt-free balance sheet provides financial stability.
- MACD positive crossover suggests mild short-term recovery potential.
Industry
- Trading sector industry PE at 32.3, highlighting MMTC’s extreme overvaluation.
- Sector outlook remains cyclical, with performance tied to commodity and trade flows.
Conclusion
⚖️ MMTC is in a bearish consolidation phase with neutral RSI and weak volume trends. Entry near 60–62 ₹ offers margin of safety, while exits around 66–70 ₹ provide profit-taking opportunities. Long-term investors should be cautious due to unsustainable valuations and weak fundamentals, while short-term traders may exploit mild MACD positivity for limited swing trades.
Selva, this is structured for workflow clarity. Would you like me to also prepare a standardized HTML template with placeholders for peer benchmarking overlays and sector scans, so you can plug multiple stocks seamlessly into your automation system?