PGEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | PGEL | Market Cap | 15,454 Cr. | Current Price | 542 ₹ | High / Low | 1,008 ₹ |
| Stock P/E | 132 | Book Value | 91.9 ₹ | Dividend Yield | 0.05 % | ROCE | 6.83 % |
| ROE | 4.87 % | Face Value | 1.00 ₹ | DMA 50 | 568 ₹ | DMA 200 | 621 ₹ |
| Chg in FII Hold | -0.86 % | Chg in DII Hold | 3.83 % | PAT Qtr | 38.7 Cr. | PAT Prev Qtr | 31.8 Cr. |
| RSI | 43.5 | MACD | -13.1 | Volume | 13,20,103 | Avg Vol 1Wk | 24,90,007 |
| Low price | 465 ₹ | High price | 1,008 ₹ | PEG Ratio | 3.55 | Debt to equity | 0.02 |
| 52w Index | 14.1 % | Qtr Profit Var | 97.8 % | EPS | 4.14 ₹ | Industry PE | 24.6 |
📊 Chart & Trend Analysis: PGEL is trading at ₹542, below its 50 DMA (₹568) and 200 DMA (₹621), reflecting a bearish undertone. RSI at 43.5 indicates weak momentum but not oversold, while MACD (-13.1) confirms negative bias. Bollinger Bands show price leaning toward the lower band, suggesting selling pressure. Current volume (13,20,103) is lower than the 1-week average (24,90,007), indicating reduced participation.
📈 Momentum Signals: Short-term momentum is weak, with RSI below 50 and MACD negative. A reversal signal may emerge if RSI climbs above 50 and price sustains above ₹570.
💡 Entry Zone: ₹465–₹500 (support near 52-week low)
🚪 Exit Zone: ₹565–₹620 (resistance near 50 DMA & 200 DMA)
🔎 Trend Status: The stock is consolidating with bearish bias, showing potential reversal only if support holds and RSI recovers.
Positive
- Quarterly PAT improved to ₹38.7 Cr. vs ₹31.8 Cr., showing 97.8% growth.
- EPS at ₹4.14 reflects earnings capacity.
- Debt-to-equity ratio at 0.02 indicates very low leverage.
- Strong DII holding increase (+3.83%) shows domestic institutional support.
Limitation
- Stock P/E at 132 is extremely high compared to industry average (24.6), making valuations stretched.
- ROCE (6.83%) and ROE (4.87%) remain weak, limiting efficiency.
- Dividend yield at 0.05% is negligible.
- PEG ratio at 3.55 suggests expensive growth-adjusted valuation.
Company Negative News
- Decline in FII holding (-0.86%) signals reduced foreign investor confidence.
Company Positive News
- Strong quarterly profit growth highlights improving fundamentals.
- Increase in DII holding reflects domestic institutional optimism.
Industry
- Industry PE at 24.6 is much lower than PGEL’s, highlighting sector competitiveness.
- Consumer electronics sector demand remains strong, supported by rising adoption and lifestyle upgrades.
Conclusion
⚖️ PGEL is consolidating with bearish bias, trading below key moving averages and showing weak momentum. While fundamentals show improving profits and low leverage, stretched valuations and weak efficiency metrics limit upside. Traders may consider entry near ₹465–₹500 with exit targets around ₹565–₹620. Sustained reversal requires RSI recovery above 50 and price stability above 50 DMA.