PIIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | PIIND | Market Cap | 46,947 Cr. | Current Price | 3,098 ₹ | High / Low | 4,330 ₹ |
| Stock P/E | 26.6 | Book Value | 728 ₹ | Dividend Yield | 0.52 % | ROCE | 25.4 % |
| ROE | 19.7 % | Face Value | 1.00 ₹ | DMA 50 | 3,292 ₹ | DMA 200 | 3,565 ₹ |
| Chg in FII Hold | -0.45 % | Chg in DII Hold | 0.68 % | PAT Qtr | 491 Cr. | PAT Prev Qtr | 464 Cr. |
| RSI | 38.0 | MACD | -38.9 | Volume | 2,13,005 | Avg Vol 1Wk | 1,85,236 |
| Low price | 2,951 ₹ | High price | 4,330 ₹ | PEG Ratio | 0.84 | Debt to equity | 0.00 |
| 52w Index | 10.6 % | Qtr Profit Var | -12.1 % | EPS | 116 ₹ | Industry PE | 27.7 |
📊 Chart & Trend Analysis: PIIND is trading at ₹3,098, below its 50 DMA (₹3,292) and 200 DMA (₹3,565), reflecting a bearish undertone. RSI at 38.0 indicates weak momentum and near oversold territory, while MACD (-38.9) confirms negative bias. Bollinger Bands show price leaning toward the lower band, suggesting selling pressure. Current volume (2,13,005) is slightly above the 1-week average (1,85,236), showing active participation during the decline.
📈 Momentum Signals: Short-term momentum remains weak, with RSI below 40 and MACD negative. A reversal signal may emerge if RSI climbs above 45 and price sustains above ₹3,200.
💡 Entry Zone: ₹2,950–₹3,050 (support near 52-week low)
🚪 Exit Zone: ₹3,280–₹3,560 (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
- Strong ROCE (25.4%) and ROE (19.7%) indicate efficient operations.
- EPS at ₹116 reflects robust earnings power.
- Debt-to-equity ratio at 0.00 shows zero leverage.
- PEG ratio at 0.84 suggests fair growth-adjusted valuation.
Limitation
- Price trading below both 50 DMA and 200 DMA indicates weak technical strength.
- Quarterly PAT declined to ₹491 Cr. vs ₹464 Cr., showing -12.1% variation.
- RSI at 38.0 reflects weak momentum.
Company Negative News
- Decline in FII holding (-0.45%) signals reduced foreign investor confidence.
Company Positive News
- Increase in DII holding (+0.68%) shows domestic institutional support.
- Quarterly PAT remains strong despite slight decline, reflecting operational resilience.
Industry
- Industry PE at 27.7 is slightly higher than PIIND’s, suggesting fair valuation relative to peers.
- Chemicals and specialty sector demand remains strong, supported by global industrial growth.
Conclusion
⚖️ PIIND is consolidating with bearish bias, trading below key moving averages and showing weak momentum. While fundamentals remain strong with high ROCE, ROE, and zero leverage, near-term weakness in technicals limits upside. Traders may consider entry near ₹2,950–₹3,050 with exit targets around ₹3,280–₹3,560. Sustained reversal requires RSI recovery above 45 and price stability above 50 DMA.