PGEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | PGEL | Market Cap | 13,331 Cr. | Current Price | 467 ₹ | High / Low | 836 ₹ |
| Stock P/E | 107 | Book Value | 91.5 ₹ | Dividend Yield | 0.05 % | ROCE | 6.83 % |
| ROE | 4.87 % | Face Value | 1.00 ₹ | DMA 50 | 520 ₹ | DMA 200 | 576 ₹ |
| Chg in FII Hold | -0.84 % | Chg in DII Hold | 1.83 % | PAT Qtr | 31.6 Cr. | PAT Prev Qtr | 38.7 Cr. |
| RSI | 34.9 | MACD | -18.3 | Volume | 25,70,700 | Avg Vol 1Wk | 31,72,781 |
| Low price | 437 ₹ | High price | 836 ₹ | PEG Ratio | 2.88 | Debt to equity | 0.02 |
| 52w Index | 7.61 % | Qtr Profit Var | 31.7 % | EPS | 4.40 ₹ | Industry PE | 36.3 |
📊 Chart Analysis: PGEL trades at ₹467, below both its 50 DMA (₹520) and 200 DMA (₹576), showing weak technical positioning. RSI at 34.9 is approaching oversold territory, while MACD at -18.3 indicates bearish momentum. Bollinger Bands suggest heightened volatility with price near the lower band. Current volume (25,70,700) is below the weekly average (31,72,781), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is negative, supported by price weakness below both moving averages and bearish MACD. RSI near oversold levels suggests potential for a short-term bounce, but overall trend remains weak.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹450–₹470 (near support levels)
- 📉 Stop-Loss: ₹430 (below recent support)
- 🚀 Exit Zone: ₹500–₹520 (near 50 DMA resistance)
🔎 Trend Status: The stock is currently reversing downward with weak momentum. A breakout above ₹520 could trigger consolidation, while a drop below ₹430 may extend bearish trend.
Positive
- 📌 Very low debt-to-equity ratio (0.02), indicating minimal leverage risk.
- 📌 EPS at ₹4.40, showing earnings stability despite recent weakness.
- 📌 DII holding increased (+1.83%), reflecting domestic institutional support.
Limitation
- ⚠️ Extremely high P/E ratio (107) compared to industry average (36.3), suggesting overvaluation.
- ⚠️ Weak ROE (4.87%) and ROCE (6.83%), showing poor capital efficiency.
- ⚠️ Dividend yield at 0.05%, offering negligible returns.
- ⚠️ PEG ratio at 2.88, indicating valuation ahead of growth.
Company Negative News
- ❌ PAT declined from ₹38.7 Cr. to ₹31.6 Cr., showing reduced profitability.
- ❌ FII holding decreased (-0.84%), reflecting reduced foreign investor confidence.
Company Positive News
- ✅ Quarterly profit variation improved (+31.7%), showing operational recovery.
- ✅ EPS maintained at ₹4.40, reflecting stable earnings.
Industry
- 🏭 Industry PE at 36.3, much lower than PGEL’s valuation, suggesting premium pricing.
- 🏭 Consumer electronics sector demand supported by rising adoption trends in India.
Conclusion
📌 PGEL is reversing downward with weak fundamentals and overvaluation concerns. Entry near ₹450–₹470 offers limited short-term opportunity, with resistance at ₹500–₹520 as the next target. Long-term investors should be cautious due to high P/E and poor ROE/ROCE, while speculative traders may benefit from oversold bounce opportunities.
Would you like me to extend this into a visual reversal chart to highlight oversold signals and resistance zones more clearly?