PETRONET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | PETRONET | Market Cap | 41,514 Cr. | Current Price | 277 ₹ | High / Low | 326 ₹ |
| Stock P/E | 11.6 | Book Value | 137 ₹ | Dividend Yield | 3.61 % | ROCE | 26.2 % |
| ROE | 21.4 % | Face Value | 10.0 ₹ | DMA 50 | 276 ₹ | DMA 200 | 284 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | -0.51 % | PAT Qtr | 848 Cr. | PAT Prev Qtr | 806 Cr. |
| RSI | 52.6 | MACD | 1.37 | Volume | 32,85,411 | Avg Vol 1Wk | 29,43,072 |
| Low price | 235 ₹ | High price | 326 ₹ | PEG Ratio | 2.25 | Debt to equity | 0.12 |
| 52w Index | 45.4 % | Qtr Profit Var | -2.16 % | EPS | 23.8 ₹ | Industry PE | 21.5 |
Chart Patterns & Moving Averages: PETRONET is trading slightly above its 50 DMA (₹276) but below its 200 DMA (₹284), showing short-term strength but medium-term weakness. Price action is consolidating between ₹270–₹285 with resistance near ₹300–₹310.
RSI & Momentum: RSI at 52.6 indicates neutral momentum. MACD at 1.37 is mildly bullish, suggesting limited upward bias.
Bollinger Bands: Price is mid-band, reflecting consolidation with potential breakout if volume sustains.
Volume Trends: Current volume (32.8L) is above average (29.4L), showing strong participation and short-term trading interest.
Entry/Exit Zones:
- **Entry:** ₹270–₹277 (near support zone)
- **Exit:** ₹300–₹310 (resistance zone)
- **Stop-loss:** ₹265 (below support)
Trend Status: Consolidation with mild bullish bias; reversal signals absent but fundamentals provide stability.
Positive
- Attractive valuation with low P/E (11.6) vs industry average (21.5).
- Strong ROCE (26.2%) and ROE (21.4%).
- EPS at ₹23.8 supports earnings strength.
- Dividend yield at 3.61% adds investor appeal.
- PAT growth sequentially (₹806 Cr → ₹848 Cr).
- FII holding increased (+0.83%).
Limitation
- Price below 200 DMA, showing medium-term weakness.
- RSI neutral, lacking strong momentum.
- PEG ratio at 2.25 indicates moderately expensive valuation.
- DII holding decreased (-0.51%).
Company Negative News
- Quarterly profit variation slightly negative (-2.16%).
- DII outflows reduce domestic institutional confidence.
Company Positive News
- PAT growth quarter-on-quarter.
- FII inflows show foreign institutional confidence.
- Attractive dividend yield supports investor sentiment.
- Strong fundamentals with high efficiency ratios.
Industry
- Industry PE at 21.5, higher than PETRONET’s valuation, making it relatively attractive.
- Energy sector supported by stable demand and government policies.
- Competitive peers with similar fundamentals but weaker dividend yields.
Conclusion
PETRONET is consolidating with mild bullish momentum and strong fundamentals. Entry near ₹270–₹277 offers upside toward ₹300–₹310, but strict stop-loss discipline at ₹265 is essential. Best suited for disciplined swing trades and long-term investors seeking stability and dividend yield.
This HTML report captures PETRONET’s consolidation phase with strong fundamentals and moderate technical signals. Would you like me to extend this into a sector overlay comparing PETRONET with peers like GAIL, ONGC, and IOC to highlight relative strength and valuation positioning?