PAGEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | PAGEIND | Market Cap | 35,259 Cr. | Current Price | 31,600 ₹ | High / Low | 50,590 ₹ |
| Stock P/E | 45.5 | Book Value | 1,263 ₹ | Dividend Yield | 2.85 % | ROCE | 59.4 % |
| ROE | 48.5 % | Face Value | 10.0 ₹ | DMA 50 | 33,188 ₹ | DMA 200 | 38,295 ₹ |
| Chg in FII Hold | -2.49 % | Chg in DII Hold | 2.26 % | PAT Qtr | 215 Cr. | PAT Prev Qtr | 195 Cr. |
| RSI | 46.8 | MACD | -754 | Volume | 18,119 | Avg Vol 1Wk | 18,254 |
| Low price | 29,800 ₹ | High price | 50,590 ₹ | PEG Ratio | 4.23 | Debt to equity | 0.19 |
| 52w Index | 8.66 % | Qtr Profit Var | 5.20 % | EPS | 672 ₹ | Industry PE | 21.2 |
📊 Chart & Trend Analysis: PAGEIND is trading at ₹31,600, below both its 50 DMA (₹33,188) and 200 DMA (₹38,295), reflecting medium-term weakness. RSI at 46.8 indicates neutral momentum, leaning toward oversold. MACD at -754 confirms bearish divergence. Bollinger Bands show price leaning toward the lower band, with support near ₹29,800 and resistance around ₹33,000–₹34,000.
📈 Momentum & Volume: Current volume (18,119) is nearly equal to the 1-week average (18,254), showing stable participation. Momentum remains weak, with no strong reversal signals yet.
🔑 Entry & Exit Zones:
- Optimal Entry: ₹30,000–₹31,500 (near support)
- Resistance Levels: ₹33,000 (short-term), ₹34,000 (medium-term)
- Exit Zone: ₹32,800–₹33,800 if momentum improves
📌 Trend Status: The stock is currently consolidating with bearish bias, struggling to hold above resistance zones.
Positive
- Strong ROCE (59.4%) and ROE (48.5%) highlight excellent operational efficiency.
- EPS of ₹672 reflects robust earnings power.
- Dividend yield of 2.85% provides attractive income for investors.
- Quarterly PAT improved to ₹215 Cr. vs ₹195 Cr. (+5.2%).
Limitation
- High P/E ratio (45.5) compared to industry PE (21.2), indicating overvaluation.
- Trading below both 50 DMA and 200 DMA reflects weak technical strength.
- PEG ratio of 4.23 suggests expensive valuation relative to growth.
Company Negative News
- FII holding decreased (-2.49%), showing reduced foreign investor confidence.
- Stock corrected sharply from its 52-week high of ₹50,590.
Company Positive News
- DII holding increased (+2.26%), signaling domestic institutional support.
- Quarterly profit growth (+5.2%) shows operational improvement.
Industry
- Industry PE at 21.2 is much lower than PAGEIND’s PE of 45.5, suggesting peers are more attractively valued.
- Apparel and textile sector remains cyclical, influenced by consumer demand, fashion trends, and discretionary spending.
Conclusion
⚖️ PAGEIND shows strong fundamentals with high ROCE/ROE, robust EPS, and attractive dividend yield, but technicals remain weak with bearish bias and overvaluation concerns. The stock is consolidating near support levels. A cautious entry around ₹30,000–₹31,500 may be considered with exit targets near ₹32,800–₹33,800 if momentum strengthens. Long-term investors should monitor valuation and profitability trends before committing heavily.
Would you like me to extend this into a peer benchmarking overlay comparing PAGEIND against other apparel and textile leaders like Aditya Birla Fashion, Trent, and Arvind to highlight relative strength and margin-of-safety clarity?