NUVAMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | NUVAMA | Market Cap | 24,148 Cr. | Current Price | 1,326 ₹ | High / Low | 1,702 ₹ |
| Stock P/E | 42.0 | Book Value | 109 ₹ | Dividend Yield | 2.18 % | ROCE | 30.6 % |
| ROE | 32.6 % | Face Value | 2.00 ₹ | DMA 50 | 1,295 ₹ | DMA 200 | 1,329 ₹ |
| Chg in FII Hold | 0.55 % | Chg in DII Hold | -0.07 % | PAT Qtr | 280 Cr. | PAT Prev Qtr | 46.4 Cr. |
| RSI | 53.5 | MACD | 34.8 | Volume | 3,68,097 | Avg Vol 1Wk | 3,17,544 |
| Low price | 1,097 ₹ | High price | 1,702 ₹ | PEG Ratio | 0.29 | Debt to equity | 0.19 |
| 52w Index | 37.9 % | Qtr Profit Var | 35.5 % | EPS | 31.8 ₹ | Industry PE | 18.5 |
📈 Chart & Trend: NUVAMA is trading near its 50 DMA (1,295 ₹) and 200 DMA (1,329 ₹), showing consolidation with bullish undertones. RSI at 53.5 reflects neutral momentum, while MACD at 34.8 confirms a positive crossover. Bollinger Bands are moderately tight, suggesting limited volatility and potential breakout. The stock is consolidating but leaning toward an upward trend.
🔎 Momentum Signals: Entry zone is favorable near 1,310–1,325 ₹ support. Resistance lies at 1,360–1,380 ₹. A breakout above 1,380 ₹ could extend toward 1,400–1,420 ₹, while a breakdown below 1,300 ₹ risks pullback toward 1,280–1,290 ₹.
📊 Volume Trends: Current volume (3.68 lakh) is slightly above the 1-week average (3.17 lakh), showing healthy participation and accumulation interest.
Positive
- Strong ROE (32.6%) and ROCE (30.6%) highlight excellent efficiency.
- Dividend yield of 2.18% provides steady shareholder returns.
- EPS of 31.8 ₹ supports valuation comfort.
- FII holdings increased (+0.55%), reflecting foreign investor confidence.
- Quarterly PAT surged (46.4 Cr. → 280 Cr.), showing strong earnings momentum.
Limitation
- High P/E (42.0) compared to industry average (18.5) suggests steep overvaluation.
- DII holdings declined (−0.07%), showing weaker domestic sentiment.
- 52-week index at 37.9% highlights underperformance relative to peers.
Company Negative News
- Domestic institutional outflows (−0.07%) reduce confidence.
- Valuation premium may limit upside potential.
Company Positive News
- Strong quarterly profit growth (+35.5%) highlights operational resilience.
- FII inflows (+0.55%) reflect foreign confidence in fundamentals.
Industry
- Industry PE at 18.5 highlights NUVAMA trades at a premium.
- Financial services sector outlook remains positive, supported by rising investment demand and market activity.
Conclusion
⚖️ NUVAMA is consolidating with bullish undertones supported by strong fundamentals, foreign inflows, and earnings growth. Entry near 1,310–1,325 ₹ offers favorable risk-reward, while resistance lies at 1,360–1,380 ₹. Overvaluation and weak domestic sentiment are risks, but a breakout above 1,380 ₹ with strong volumes could trigger momentum toward 1,400–1,420 ₹.