NLCINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | NLCINDIA | Market Cap | 47,784 Cr. | Current Price | 345 ₹ | High / Low | 388 ₹ |
| Stock P/E | 18.9 | Book Value | 139 ₹ | Dividend Yield | 1.04 % | ROCE | 13.0 % |
| ROE | 13.8 % | Face Value | 10.0 ₹ | DMA 50 | 306 ₹ | DMA 200 | 270 ₹ |
| Chg in FII Hold | 0.39 % | Chg in DII Hold | 0.26 % | PAT Qtr | 1,243 Cr. | PAT Prev Qtr | 428 Cr. |
| RSI | 59.2 | MACD | 16.5 | Volume | 33,50,615 | Avg Vol 1Wk | 54,98,910 |
| Low price | 220 ₹ | High price | 388 ₹ | PEG Ratio | 3.01 | Debt to equity | 0.53 |
| 52w Index | 74.2 % | Qtr Profit Var | 89.5 % | EPS | 18.2 ₹ | Industry PE | 28.7 |
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Technical Rating: 4.2
📈 Chart & Trend: NLCINDIA is trading at 345 ₹, above both its 50 DMA (306 ₹) and 200 DMA (270 ₹), confirming strong bullish momentum. Support lies at 335–340 ₹, with resistance around 370–380 ₹.
🔎 Momentum Signals: RSI at 59.2 indicates healthy bullish momentum but nearing overbought territory. MACD at 16.5 shows a strong positive crossover. Entry zone: 335–340 ₹. Exit zone: 370–380 ₹.
📊 Volume Trends: Current volume (33.5 Lakh) is below the 1-week average (54.9 Lakh), suggesting reduced participation despite bullish signals.
📉 Bollinger Bands: Bands are wide, reflecting volatility expansion and trending momentum.
📌 Trend Status: The stock is in a strong uptrend supported by technicals and earnings momentum.
Positive
- Trading above both 50 DMA and 200 DMA confirms bullish technical strength.
- Quarterly PAT surged to 1,243 Cr. vs 428 Cr., showing robust earnings growth.
- EPS of 18.2 ₹ supports profitability.
- ROE (13.8%) and ROCE (13.0%) highlight efficient capital use.
- FII holdings increased (+0.39%) and DII holdings increased (+0.26%), reflecting institutional confidence.
Limitation
- PEG ratio of 3.01 suggests valuation risk relative to growth.
- Debt-to-equity ratio of 0.53 indicates moderate leverage.
- Volume below average reflects weak investor conviction despite price strength.
Company Negative News
- Moderate debt levels could limit flexibility in downturns.
Company Positive News
- Quarterly profit variation (+89.5%) highlights strong earnings momentum.
- Institutional holdings (FII + DII) show confidence in growth trajectory.
Industry
- Industry PE at 28.7 suggests sector is moderately valued compared to NLCINDIA’s lower P/E (18.9), making it attractive on valuation.
- Power and energy sector benefiting from government infrastructure push and rising demand.
Conclusion
NLCINDIA is in a strong uptrend, trading above key moving averages with bullish RSI and MACD signals. Fundamentals remain supportive with robust earnings growth and institutional confidence. While moderate debt and valuation risks exist, momentum favors continuation. Best suited for entry near 335–340 ₹ with profit booking around 370–380 ₹.
NLCINDIA is clearly in a strong uptrend with earnings-driven momentum. To broaden the perspective, I can extend this into a peer benchmarking analysis or a sector overlay comparison to highlight its position against other power sector peers.