PAGEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.5
| Stock Code | PAGEIND | Market Cap | 36,539 Cr. | Current Price | 32,745 ₹ | High / Low | 50,590 ₹ |
| Stock P/E | 47.8 | Book Value | 1,263 ₹ | Dividend Yield | 2.75 % | ROCE | 59.4 % |
| ROE | 48.5 % | Face Value | 10.0 ₹ | DMA 50 | 35,759 ₹ | DMA 200 | 40,461 ₹ |
| Chg in FII Hold | -2.49 % | Chg in DII Hold | 2.26 % | PAT Qtr | 195 Cr. | PAT Prev Qtr | 201 Cr. |
| RSI | 27.9 | MACD | -976 | Volume | 5,608 | Avg Vol 1Wk | 19,341 |
| Low price | 31,740 ₹ | High price | 50,590 ₹ | PEG Ratio | 4.45 | Debt to equity | 0.19 |
| 52w Index | 5.33 % | Qtr Profit Var | -0.26 % | EPS | 685 ₹ | Industry PE | 26.2 |
📊 Chart & Trend Analysis: PAGEIND is trading at ₹32,745, well below its 50 DMA (₹35,759) and 200 DMA (₹40,461), reflecting a strong bearish structure. RSI at 27.9 indicates oversold conditions, while MACD (-976) confirms heavy negative momentum. Bollinger Bands show price near the lower band, suggesting persistent selling pressure. Current volume (5,608) is significantly lower than the 1-week average (19,341), indicating weak participation and lack of buying support.
📈 Momentum Signals: Short-term momentum is very weak, with RSI in oversold territory and MACD sharply negative. A reversal signal may only emerge if RSI climbs above 35 and price sustains above ₹34,000.
💡 Entry Zone: ₹31,700–₹32,500 (support near 52-week low)
🚪 Exit Zone: ₹35,500–₹36,000 (resistance near 50 DMA)
🔎 Trend Status: The stock is reversing downward with strong bearish bias, showing limited reversal potential unless RSI and volume recover.
Positive
- Strong ROCE (59.4%) and ROE (48.5%) indicate excellent efficiency.
- EPS at ₹685 reflects robust earnings power.
- Dividend yield of 2.75% provides attractive shareholder returns.
- Debt-to-equity ratio at 0.19 shows low leverage.
Limitation
- Price trading well below both 50 DMA and 200 DMA indicates weak technical strength.
- Stock P/E at 47.8 is significantly higher than industry average (26.2), making valuations stretched.
- PEG ratio at 4.45 suggests expensive growth-adjusted valuation.
- Volume collapse compared to weekly average signals lack of investor interest.
Company Negative News
- Decline in FII holding (-2.49%) signals reduced foreign investor confidence.
- Quarterly PAT declined slightly to ₹195 Cr. vs ₹201 Cr., showing earnings pressure.
Company Positive News
- Increase in DII holding (+2.26%) shows domestic institutional support.
- Strong efficiency metrics (ROCE & ROE) highlight operational excellence.
Industry
- Industry PE at 26.2 is much lower than PAGEIND’s, highlighting sector competitiveness.
- Apparel and textile sector demand remains cyclical but supported by premium brand positioning.
Conclusion
⚖️ PAGEIND is reversing downward with strong bearish bias, trading well below key moving averages and showing weak momentum. While fundamentals remain strong with high efficiency and dividend yield, stretched valuations, declining profits, and weak technical signals limit upside. Traders may consider entry near ₹31,700–₹32,500 with exit targets around ₹35,500–₹36,000. Sustained reversal requires RSI recovery above 35, stronger volume, and price stability above 50 DMA.