MMTC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.3
| Stock Code | MMTC | Market Cap | 9,902 Cr. | Current Price | 66.0 ₹ | High / Low | 88.2 ₹ |
| Stock P/E | 189 | Book Value | 10.9 ₹ | Dividend Yield | 0.00 % | ROCE | 8.33 % |
| ROE | 5.69 % | Face Value | 1.00 ₹ | DMA 50 | 63.3 ₹ | DMA 200 | 63.5 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.00 % | PAT Qtr | 10.5 Cr. | PAT Prev Qtr | 4.88 Cr. |
| RSI | 56.5 | MACD | 0.52 | Volume | 31,39,968 | Avg Vol 1Wk | 23,84,906 |
| Low price | 50.1 ₹ | High price | 88.2 ₹ | PEG Ratio | 6.53 | Debt to equity | 0.02 |
| 52w Index | 41.7 % | Qtr Profit Var | 2,005 % | EPS | 1.20 ₹ | Industry PE | 25.6 |
📈 Chart & Momentum Analysis
- Current price (₹66.0) is above DMA 50 (₹63.3) and DMA 200 (₹63.5), showing short-term strength and medium-term support.
- RSI at 56.5 indicates neutral-to-positive momentum, not overbought.
- MACD at 0.52 is mildly positive, signaling bullish bias.
- Bollinger Bands: Price near mid-to-upper band, suggesting steady upward movement.
- Volume (31.4L) is higher than average weekly volume (23.8L), showing strong participation.
🎯 Entry & Exit Zones
- Optimal entry: ₹63–₹65 (support near DMA 50 & 200).
- Exit/Profit zone: ₹70–₹74 (resistance near short-term highs).
- Stop-loss: ₹61 (support zone).
📊 Trend Status
- The stock is trending upward with mild bullish momentum, supported by volume strength.
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Positive
✔ Trading above DMA 50 & DMA 200.
✔ RSI neutral, leaving room for upside.
✔ PAT growth (+2,005%) quarter-on-quarter.
✔ EPS at ₹1.20 shows profitability improvement.
Limitation
⚠ Valuation stretched with P/E at 189 vs industry 25.6.
⚠ ROE (5.69%) and ROCE (8.33%) remain weak.
⚠ PEG ratio at 6.53 indicates expensive growth valuation.
Company Negative News
📉 High valuation multiples raise caution.
📉 Limited dividend yield (0.00%).
Company Positive News
📈 PAT growth from ₹4.88 Cr. to ₹10.5 Cr.
📈 FII holding increased (+0.11%).
📈 Strong volume participation supports momentum.
Industry
🏭 Metals trading sector PE at 25.6, MMTC trades at a steep premium (PE 189).
🏭 Sector outlook remains cyclical with commodity demand fluctuations.
Conclusion
🔎 MMTC is trending upward with strong short-term momentum but stretched valuations. Best strategy is accumulation near ₹63–₹65 and profit booking around ₹70–₹74. A breakout above ₹75 would confirm bullish continuation toward ₹80+.
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