PIDILITIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | PIDILITIND | Market Cap | 1,50,815 Cr. | Current Price | 1,480 ₹ | High / Low | 1,575 ₹ |
| Stock P/E | 63.1 | Book Value | 105 ₹ | Dividend Yield | 0.68 % | ROCE | 31.0 % |
| ROE | 23.5 % | Face Value | 1.00 ₹ | DMA 50 | 1,416 ₹ | DMA 200 | 1,445 ₹ |
| Chg in FII Hold | -0.26 % | Chg in DII Hold | 0.35 % | PAT Qtr | 547 Cr. | PAT Prev Qtr | 607 Cr. |
| RSI | 61.5 | MACD | 24.6 | Volume | 5,53,734 | Avg Vol 1Wk | 5,37,323 |
| Low price | 1,259 ₹ | High price | 1,575 ₹ | PEG Ratio | 2.64 | Debt to equity | 0.03 |
| 52w Index | 70.0 % | Qtr Profit Var | 18.7 % | EPS | 23.4 ₹ | Industry PE | 29.0 |
📊 Chart Analysis: Pidilite Industries is trading at ₹1,480, above both its 50 DMA (₹1,416) and 200 DMA (₹1,445), showing strong bullish momentum. RSI at 61.5 indicates healthy strength but not yet overbought. MACD at 24.6 confirms positive crossover, supporting upward bias. Bollinger Bands suggest price moving towards the upper band, with resistance near ₹1,560–₹1,575.
📈 Volume Trends: Current volume (5,53,734) is slightly above the 1-week average (5,37,323), reflecting steady participation and buying interest.
🔑 Momentum Signals: Short-term momentum is bullish. Support lies near ₹1,440–₹1,460, while resistance is around ₹1,560–₹1,575. Optimal entry zone: ₹1,450–₹1,480. Exit zone: ₹1,560–₹1,575 if momentum sustains.
📉 Trend Status: The stock is trending upward with strong momentum. Sustained move above ₹1,575 could trigger a breakout, while failure to hold above ₹1,440 may lead to consolidation.
Positive
- ✅ Strong ROCE (31.0%) and ROE (23.5%) highlight excellent efficiency.
- ✅ Trading above both 50 DMA and 200 DMA confirms bullish bias.
- ✅ Low debt-to-equity ratio (0.03) ensures financial stability.
- ✅ 52-week performance (+70%) shows strong investor confidence.
Limitation
- ⚠️ High P/E ratio (63.1) compared to industry PE (29.0) suggests overvaluation.
- ⚠️ PEG ratio of 2.64 indicates valuation stretched relative to growth.
- ⚠️ Quarterly PAT decline (547 Cr vs 607 Cr) shows earnings pressure.
Company Negative News
- ❌ Decline in quarterly PAT reflects margin pressures.
- ❌ Reduction in FII holdings (-0.26%) signals cautious foreign sentiment.
Company Positive News
- 🌟 Increase in DII holdings (+0.35%) shows domestic investor confidence.
- 🌟 Strong EPS growth (23.4 ₹) supports long-term fundamentals.
Industry
- 🏭 Industry PE at 29.0 is much lower than Pidilite’s PE (63.1), suggesting sector peers are more reasonably valued.
- 📊 Adhesives and chemicals sector remains resilient with steady demand, though valuations are stretched.
Conclusion
Pidilite Industries is in a strong uptrend with bullish momentum supported by technical indicators. Entry near ₹1,450–₹1,480 offers favorable risk-reward, while exits around ₹1,560–₹1,575 are optimal unless a breakout above ₹1,575 occurs. Long-term fundamentals remain robust, but high valuation warrants caution for fresh investments.