PCBL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | PCBL | Market Cap | 10,077 Cr. | Current Price | 256 ₹ | High / Low | 444 ₹ |
| Stock P/E | 34.5 | Book Value | 99.0 ₹ | Dividend Yield | 2.34 % | ROCE | 13.2 % |
| ROE | 12.8 % | Face Value | 1.00 ₹ | DMA 50 | 288 ₹ | DMA 200 | 333 ₹ |
| Chg in FII Hold | -0.40 % | Chg in DII Hold | -0.57 % | PAT Qtr | 44.7 Cr. | PAT Prev Qtr | 59.6 Cr. |
| RSI | 37.2 | MACD | -10.9 | Volume | 15,53,819 | Avg Vol 1Wk | 13,53,714 |
| Low price | 245 ₹ | High price | 444 ₹ | PEG Ratio | 21.0 | Debt to equity | 0.77 |
| 52w Index | 5.48 % | Qtr Profit Var | -59.8 % | EPS | 7.47 ₹ | Industry PE | 35.6 |
📊 Chart & Trend Analysis: PCBL is trading at ₹256, below both its 50 DMA (₹288) and 200 DMA (₹333), reflecting strong bearish momentum. RSI at 37.2 indicates the stock is approaching oversold territory. MACD at -10.9 confirms bearish divergence. Bollinger Bands show price leaning toward the lower band, with support near ₹245 and resistance around ₹280–₹300.
📈 Momentum & Volume: Current volume (15,53,819) is slightly above the 1-week average (13,53,714), showing mild participation. Momentum remains weak, with no strong reversal signals yet.
🔑 Entry & Exit Zones:
- Optimal Entry: ₹245–₹255 (near support)
- Resistance Levels: ₹280 (short-term), ₹300 (medium-term)
- Exit Zone: ₹275–₹295 if momentum improves
📌 Trend Status: The stock is currently reversing downward with bearish bias, struggling to hold above support zones.
Positive
- ROCE at 13.2% and ROE at 12.8% show moderate efficiency.
- Dividend yield of 2.34% provides steady income for investors.
- EPS of ₹7.47 reflects earnings visibility.
Limitation
- Quarterly PAT declined to ₹44.7 Cr. vs ₹59.6 Cr. (-59.8%).
- High debt-to-equity ratio (0.77) increases financial risk.
- PEG ratio of 21.0 suggests overvaluation relative to growth.
- Trading below both 50 DMA and 200 DMA reflects weak technical strength.
Company Negative News
- Sharp quarterly profit decline (-59.8%) impacts sentiment.
- FII holding decreased (-0.40%) and DII holding decreased (-0.57%), showing reduced institutional confidence.
Company Positive News
- Dividend yield of 2.34% continues to provide investor returns.
- Moderate ROCE/ROE highlight operational efficiency despite profit decline.
Industry
- Industry PE at 35.6 is slightly higher than PCBL’s PE of 34.5, suggesting fair valuation relative to peers.
- Chemicals and carbon black sector remains cyclical, influenced by raw material costs and demand from tire/auto industries.
Conclusion
⚖️ PCBL shows moderate fundamentals with decent ROCE/ROE and dividend yield, but technicals remain weak with bearish momentum and profit decline. The stock is reversing downward near support levels. A cautious entry around ₹245–₹255 may be considered with exit targets near ₹275–₹295 if momentum improves. Long-term investors should monitor debt levels and profitability trends before committing heavily.
Would you like me to extend this into a peer benchmarking overlay comparing PCBL against other chemical/carbon black players (like Himadri, Phillips Carbon peers, and Graphite India) to highlight relative strength and margin-of-safety clarity?