NUVOCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | NUVOCO | Market Cap | 10,597 Cr. | Current Price | 297 ₹ | High / Low | 478 ₹ |
| Stock P/E | 39.2 | Book Value | 264 ₹ | Dividend Yield | 0.00 % | ROCE | 6.40 % |
| ROE | 2.91 % | Face Value | 10.0 ₹ | DMA 50 | 309 ₹ | DMA 200 | 345 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.26 % | PAT Qtr | 91.3 Cr. | PAT Prev Qtr | 56.2 Cr. |
| RSI | 47.0 | MACD | -2.87 | Volume | 11,17,014 | Avg Vol 1Wk | 6,26,058 |
| Low price | 276 ₹ | High price | 478 ₹ | PEG Ratio | -6.75 | Debt to equity | 0.41 |
| 52w Index | 10.2 % | Qtr Profit Var | -21.0 % | EPS | 7.28 ₹ | Industry PE | 30.8 |
Chart Patterns & Moving Averages: NUVOCO is trading below both its 50 DMA (₹309) and 200 DMA (₹345), indicating medium-term weakness. Price action is consolidating between ₹276–₹345 with resistance near ₹345.
RSI & Momentum: RSI at 47.0 suggests weak momentum. MACD at -2.87 is bearish, signaling downward bias.
Bollinger Bands: Price is near the lower band, showing oversold conditions but no breakout confirmation.
Volume Trends: Current volume (11.17L) is significantly higher than average (6.26L), indicating strong participation, possibly distribution.
Entry/Exit Zones:
- **Entry:** ₹290–₹297 (near support zone)
- **Exit:** ₹335–₹345 (resistance zone)
- **Stop-loss:** ₹276 (recent low support)
Trend Status: Consolidation phase with bearish bias; struggling to reverse upward.
Positive
- Quarterly PAT improved to ₹91.3 Cr vs ₹56.2 Cr.
- Reasonable debt-to-equity ratio at 0.41.
- Strong volume participation indicates active trading interest.
Limitation
- High P/E (39.2) vs industry average (30.8).
- Weak ROE (2.91%) and ROCE (6.40%).
- EPS at ₹7.28 is modest relative to valuation.
- PEG ratio negative (-6.75), showing poor growth-adjusted valuation.
- No dividend yield, reducing investor appeal.
Company Negative News
- Quarterly profit variation down -21%.
- FII holding decreased (-0.12%).
Company Positive News
- PAT growth quarter-on-quarter.
- DII holding increased (+0.26%).
- Cement demand outlook remains steady in infrastructure projects.
Industry
- Industry PE at 30.8, lower than NUVOCO’s valuation.
- Cement sector supported by government infrastructure spending.
- Competitive landscape with peers offering better ROE/ROCE.
Conclusion
NUVOCO is consolidating with weak momentum. Entry near ₹290–₹297 offers limited upside toward ₹335–345, but valuation remains stretched with poor fundamentals. Suitable only for cautious swing trades with strict stop-loss discipline.
This HTML report captures NUVOCO’s technical weakness, valuation stretch, and cautious swing trade potential. Would you like me to benchmark NUVOCO against its top cement sector peers (like Ultratech, Shree Cement, etc.) so you can see relative strength and valuation overlays?