OFSS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | OFSS | Market Cap | 67,503 Cr. | Current Price | 7,754 ₹ | High / Low | 9,950 ₹ |
| Stock P/E | 19.3 | Book Value | 732 ₹ | Dividend Yield | 3.42 % | ROCE | 62.5 % |
| ROE | 48.8 % | Face Value | 5.00 ₹ | DMA 50 | 7,932 ₹ | DMA 200 | 8,465 ₹ |
| Chg in FII Hold | -0.30 % | Chg in DII Hold | 0.37 % | PAT Qtr | 614 Cr. | PAT Prev Qtr | 463 Cr. |
| RSI | 47.0 | MACD | -1.44 | Volume | 59,393 | Avg Vol 1Wk | 1,04,552 |
| Low price | 7,038 ₹ | High price | 9,950 ₹ | PEG Ratio | 0.85 | Debt to equity | 0.00 |
| 52w Index | 24.6 % | Qtr Profit Var | 27.3 % | EPS | 403 ₹ | Industry PE | 45.7 |
📊 Chart & Trend Analysis: OFSS is trading at ₹7,754, slightly below its 50 DMA (₹7,932) and 200 DMA (₹8,465), reflecting mild bearish pressure. RSI at 47.0 indicates neutral momentum, while MACD (-1.44) suggests weak negative bias. Bollinger Bands show price hovering near the mid-band, signaling consolidation. Current volume (59,393) is lower than the 1-week average (1,04,552), suggesting reduced participation.
📈 Momentum Signals: Short-term momentum is neutral to weak, with RSI below 50 and MACD slightly negative. A reversal signal may emerge if RSI climbs above 50 and price sustains above ₹7,950.
💡 Entry Zone: ₹7,100–₹7,300 (support near 52-week low)
🚪 Exit Zone: ₹7,950–₹8,450 (resistance near 50 DMA & 200 DMA)
🔎 Trend Status: The stock is consolidating, with mild bearish bias but strong fundamentals supporting medium-term stability.
Positive
- Strong ROCE (62.5%) and ROE (48.8%) indicate excellent efficiency.
- Quarterly PAT improved to ₹614 Cr. vs ₹463 Cr., showing 27.3% growth.
- EPS at ₹403 reflects robust earnings power.
- Dividend yield of 3.42% provides attractive shareholder returns.
- PEG ratio at 0.85 suggests fair growth-adjusted valuation.
- Debt-to-equity ratio at 0.00 shows zero leverage.
Limitation
- Stock P/E at 19.3 is lower than industry average (45.7), reflecting cautious market sentiment despite strong fundamentals.
- Price trading below both 50 DMA and 200 DMA indicates weak technical strength.
- Volume participation is lower than average, limiting momentum.
Company Negative News
- Decline in FII holding (-0.30%) signals reduced foreign investor confidence.
Company Positive News
- Increase in DII holding (+0.37%) shows domestic institutional support.
- Quarterly profit growth highlights improving operational performance.
Industry
- Industry PE at 45.7 is much higher than OFSS’s, suggesting undervaluation relative to peers.
- IT services sector demand remains strong, supported by digital transformation and enterprise software adoption.
Conclusion
⚖️ OFSS is consolidating with mild bearish bias, trading below key moving averages but supported by strong fundamentals. While efficiency metrics and dividend yield are highly attractive, weak technical signals limit immediate upside. Traders may consider entry near ₹7,100–₹7,300 with exit targets around ₹7,950–₹8,450. Sustained reversal requires RSI recovery above 50 and price stability above 50 DMA.