PRESTIGE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | PRESTIGE | Market Cap | 64,671 Cr. | Current Price | 1,500 ₹ | High / Low | 1,814 ₹ |
| Stock P/E | 672 | Book Value | 274 ₹ | Dividend Yield | 0.12 % | ROCE | 4.35 % |
| ROE | 1.44 % | Face Value | 10.0 ₹ | DMA 50 | 1,559 ₹ | DMA 200 | 1,578 ₹ |
| Chg in FII Hold | -0.02 % | Chg in DII Hold | 0.28 % | PAT Qtr | 45.8 Cr. | PAT Prev Qtr | 20.1 Cr. |
| RSI | 47.9 | MACD | -45.8 | Volume | 9,62,937 | Avg Vol 1Wk | 11,40,266 |
| Low price | 1,048 ₹ | High price | 1,814 ₹ | PEG Ratio | -19.7 | Debt to equity | 0.55 |
| 52w Index | 59.0 % | Qtr Profit Var | -12.0 % | EPS | 2.23 ₹ | Industry PE | 30.2 |
📊 Chart & Trend Analysis: PRESTIGE is trading at 1,500 ₹, below both its 50 DMA (1,559 ₹) and 200 DMA (1,578 ₹), indicating weakness and bearish bias. RSI at 47.9 suggests neutral momentum, neither oversold nor overbought. MACD at -45.8 confirms negative momentum. Bollinger Bands show price leaning towards the lower-mid band, signaling consolidation with downside risk.
📈 Momentum Signals: Current volume (9.6 lakh) is lower than the 1-week average (11.4 lakh), reflecting reduced participation. RSI near neutral levels suggests limited immediate upside. A rebound requires price action above 1,559–1,578 ₹ with stronger volume.
🎯 Entry Zone: 1,470–1,510 ₹ (near support and neutral RSI)
🚪 Exit Zone: 1,580–1,620 ₹ (resistance near 200 DMA and upper trendline)
📌 Trend Status: Consolidating with bearish bias. A reversal is possible only if price sustains above 1,578 ₹ with volume confirmation.
Positive
- Market cap of 64,671 Cr. reflects strong industry presence.
- DII holdings increased (+0.28%), showing domestic investor support.
- PAT improved sequentially from 20.1 Cr. to 45.8 Cr., indicating operational recovery.
Limitation
- Extremely high P/E of 672 compared to industry PE of 30.2, making valuation expensive.
- ROCE at 4.35% and ROE at 1.44% reflect weak efficiency.
- PEG ratio of -19.7 indicates poor growth-adjusted valuation.
Company Negative News
- Quarterly profit variation of -12% shows declining earnings momentum.
- FII holdings reduced (-0.02%), showing foreign investor caution.
Company Positive News
- Sequential PAT growth highlights short-term operational improvement.
- EPS of 2.23 ₹ reflects profitability despite weak margins.
Industry
- Industry PE at 30.2 is far lower than PRESTIGE’s, suggesting sector peers are more reasonably valued.
- Real estate sector benefits from housing demand and infrastructure growth, but remains cyclical.
Conclusion
⚖️ PRESTIGE is consolidating with bearish bias, trading below key moving averages and showing weak efficiency metrics. Entry near 1,470–1,510 ₹ offers tactical opportunity, while exits around 1,580–1,620 ₹ align with resistance. Despite sequential PAT improvement and domestic support, expensive valuation and weak fundamentals warrant caution until a breakout above 1,578 ₹ confirms reversal.