PCBL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | PCBL | Market Cap | 10,295 Cr. | Current Price | 261 ₹ | High / Low | 444 ₹ |
| Stock P/E | 28.7 | Book Value | 103 ₹ | Dividend Yield | 2.29 % | ROCE | 13.2 % |
| ROE | 12.8 % | Face Value | 1.00 ₹ | DMA 50 | 298 ₹ | DMA 200 | 350 ₹ |
| Chg in FII Hold | -0.40 % | Chg in DII Hold | -0.57 % | PAT Qtr | 59.6 Cr. | PAT Prev Qtr | 93.1 Cr. |
| RSI | 34.8 | MACD | -11.1 | Volume | 3,83,925 | Avg Vol 1Wk | 8,38,351 |
| Low price | 254 ₹ | High price | 444 ₹ | PEG Ratio | 17.5 | Debt to equity | 0.77 |
| 52w Index | 3.66 % | Qtr Profit Var | -53.8 % | EPS | 9.50 ₹ | Industry PE | 30.7 |
📊 Chart & Trend Analysis: PCBL is trading at ₹261, below both its 50 DMA (₹298) and 200 DMA (₹350), reflecting a bearish structure. RSI at 34.8 indicates the stock is near oversold territory, while MACD (-11.1) confirms negative momentum. Bollinger Bands show price leaning toward the lower band, suggesting selling pressure. Current volume (3,83,925) is significantly lower than the 1-week average (8,38,351), indicating weak participation.
📈 Momentum Signals: Short-term momentum remains weak, with RSI below 40 and MACD negative. A reversal signal may emerge only if RSI climbs above 40 and price sustains above ₹280.
💡 Entry Zone: ₹254–₹265 (support near 52-week low)
🚪 Exit Zone: ₹295–₹310 (resistance near 50 DMA)
🔎 Trend Status: The stock is consolidating with bearish bias, showing potential reversal only if support holds and RSI recovers.
Positive
- Dividend yield at 2.29% provides shareholder returns.
- ROCE (13.2%) and ROE (12.8%) indicate moderate efficiency.
- EPS at ₹9.50 reflects earnings capacity.
Limitation
- Stock P/E at 28.7 is close to industry average (30.7), offering limited valuation comfort.
- Quarterly PAT declined to ₹59.6 Cr. vs ₹93.1 Cr., showing -53.8% variation.
- PEG ratio at 17.5 suggests expensive growth-adjusted valuation.
- Debt-to-equity ratio at 0.77 indicates relatively high leverage.
Company Negative News
- Decline in FII holding (-0.40%) and DII holding (-0.57%) signals reduced institutional confidence.
- Sharp quarterly profit contraction raises near-term concerns.
Company Positive News
- Dividend yield supports investor sentiment.
- Moderate efficiency metrics (ROCE & ROE) show operational stability despite profit decline.
Industry
- Industry PE at 30.7 is slightly higher than PCBL’s, suggesting fair sector valuation.
- Chemicals and carbon black sector demand remains cyclical but supported by industrial growth.
Conclusion
⚖️ PCBL is consolidating with bearish bias, trading below key moving averages and showing weak momentum. Fundamentals remain moderate with dividend yield and efficiency metrics, but profit contraction, high leverage, and stretched PEG ratio limit upside. Traders may consider entry near ₹254–₹265 with exit targets around ₹295–₹310. Sustained reversal requires RSI recovery above 40 and price stability above 50 DMA.