NUVOCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | NUVOCO | Market Cap | 11,748 Cr. | Current Price | 329 ₹ | High / Low | 478 ₹ |
| Stock P/E | 39.8 | Book Value | 260 ₹ | Dividend Yield | 0.00 % | ROCE | 3.26 % |
| ROE | 0.43 % | Face Value | 10.0 ₹ | DMA 50 | 359 ₹ | DMA 200 | 374 ₹ |
| Chg in FII Hold | -0.19 % | Chg in DII Hold | 0.00 % | PAT Qtr | 56.2 Cr. | PAT Prev Qtr | 32.5 Cr. |
| RSI | 30.2 | MACD | -3.93 | Volume | 3,29,521 | Avg Vol 1Wk | 1,96,281 |
| Low price | 287 ₹ | High price | 478 ₹ | PEG Ratio | -4.38 | Debt to equity | 0.49 |
| 52w Index | 22.0 % | Qtr Profit Var | 227 % | EPS | 8.27 ₹ | Industry PE | 30.0 |
📊 Chart & Trend Analysis: NUVOCO is trading at ₹329, below both its 50 DMA (₹359) and 200 DMA (₹374), reflecting a bearish structure. RSI at 30.2 indicates oversold conditions, while MACD (-3.93) confirms negative momentum. Bollinger Bands show price near the lower band, suggesting selling pressure but also potential for a short-term rebound. Volume (3,29,521) is higher than the 1-week average (1,96,281), showing active participation during the decline.
📈 Momentum Signals: Short-term momentum is weak, but oversold RSI hints at a possible technical bounce. MACD remains negative, confirming bearish bias. A reversal signal may emerge if RSI climbs above 35 and price sustains above ₹340.
💡 Entry Zone: ₹287–₹300 (support zone, oversold levels)
🚪 Exit Zone: ₹355–₹370 (resistance near 50 DMA & 200 DMA)
🔎 Trend Status: The stock is consolidating with bearish bias, showing potential reversal if support holds and RSI recovers.
Positive
- Quarterly PAT surged to ₹56.2 Cr. vs ₹32.5 Cr. (227% growth).
- EPS at ₹8.27 reflects improving profitability.
- Volume spike indicates investor interest at lower levels.
Limitation
- Stock P/E at 39.8 is higher than industry average (30.0), making valuations expensive.
- ROCE (3.26%) and ROE (0.43%) remain weak, limiting efficiency.
- PEG ratio is negative (-4.38), suggesting poor growth-adjusted valuation.
Company Negative News
- Decline in FII holding (-0.19%) signals reduced foreign investor confidence.
- No dividend yield, limiting shareholder returns.
Company Positive News
- Strong quarterly profit growth indicates operational improvement.
- Debt-to-equity ratio at 0.49 is moderate, showing manageable leverage.
Industry
- Industry PE at 30.0 is lower than NUVOCO’s, highlighting sector competitiveness.
- Cement sector demand remains cyclical but supported by infrastructure growth.
Conclusion
⚖️ NUVOCO is currently consolidating with bearish bias, trading below key moving averages. While fundamentals show improving profits, weak ROE/ROCE and stretched valuations limit upside. Traders may consider entry near ₹287–₹300 with exit targets around ₹355–₹370, but sustained reversal requires RSI recovery and price stability above 50 DMA.
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