PREMIERENE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | PREMIERENE | Market Cap | 46,219 Cr. | Current Price | 1,018 ₹ | High / Low | 1,164 ₹ |
| Stock P/E | 300 | Book Value | 41.2 ₹ | Dividend Yield | 0.10 % | ROCE | 12.4 % |
| ROE | 9.49 % | Face Value | 1.00 ₹ | DMA 50 | 911 ₹ | DMA 200 | 916 ₹ |
| Chg in FII Hold | 1.24 % | Chg in DII Hold | 0.97 % | PAT Qtr | 12.6 Cr. | PAT Prev Qtr | 55.1 Cr. |
| RSI | 65.9 | MACD | 44.5 | Volume | 21,04,439 | Avg Vol 1Wk | 17,99,076 |
| Low price | 660 ₹ | High price | 1,164 ₹ | PEG Ratio | 3.50 | Debt to equity | 0.01 |
| 52w Index | 71.1 % | Qtr Profit Var | -65.0 % | EPS | 3.41 ₹ | Industry PE | 29.8 |
Chart & Trend Analysis:
PREMIERENE is trading at ₹1,018, above both its 50 DMA (₹911) and 200 DMA (₹916), showing bullish momentum. RSI at 65.9 indicates strong momentum but nearing overbought territory. MACD at 44.5 confirms positive momentum. Bollinger Bands show price near the upper band, reflecting aggressive buying. Volume (21,04,439) is above the 1-week average (17,99,076), supporting short-term strength.
Momentum Signals:
- Short-term momentum is bullish but stretched.
- Entry Zone: ₹950–₹970 (support near DMA levels).
- Exit Zone: ₹1,140–₹1,160 (resistance near 52-week high).
- Trend Status: Trending upward; risk of near-term pullback due to stretched valuation and weak earnings.
Positive
- Strong FII inflows (+1.24%) and DII inflows (+0.97%).
- Low debt-to-equity ratio (0.01) ensures financial stability.
- 52-week gain of 71.1% reflects strong investor sentiment.
- Trading above both 50 DMA and 200 DMA confirms bullish trend.
Limitation
- Extremely high P/E (300) vs industry average (29.8).
- Quarterly PAT declined sharply (12.6 Cr vs 55.1 Cr).
- EPS of ₹3.41 is weak relative to valuation.
- Dividend yield is very low at 0.10%.
Company Negative News
- Quarterly profit dropped by -65%, raising concerns about earnings sustainability.
- Premium valuation may limit upside in the short term.
Company Positive News
- Strong institutional inflows (FII and DII) show confidence.
- Stock momentum supported by technical strength above DMA levels.
Industry
- Industry P/E at 29.8 highlights PREMIERENE’s steep premium valuation.
- Sector supported by consumer demand and expansion trends.
Conclusion
PREMIERENE shows strong technical momentum but weak fundamentals and stretched valuation. Entry near ₹950–₹970 offers a safer setup, with exits around ₹1,140–₹1,160. Traders can exploit momentum, but long-term investors should be cautious until earnings stabilize.