PRESTIGE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | PRESTIGE | Market Cap | 60,922 Cr. | Current Price | 1,414 ₹ | High / Low | 1,814 ₹ |
| Stock P/E | 633 | Book Value | 274 ₹ | Dividend Yield | 0.13 % | ROCE | 4.35 % |
| ROE | 1.44 % | Face Value | 10.0 ₹ | DMA 50 | 1,363 ₹ | DMA 200 | 1,481 ₹ |
| Chg in FII Hold | -1.52 % | Chg in DII Hold | 1.64 % | PAT Qtr | 45.8 Cr. | PAT Prev Qtr | 20.1 Cr. |
| RSI | 61.2 | MACD | 31.6 | Volume | 3,17,195 | Avg Vol 1Wk | 4,17,919 |
| Low price | 1,090 ₹ | High price | 1,814 ₹ | PEG Ratio | -18.5 | Debt to equity | 0.55 |
| 52w Index | 44.8 % | Qtr Profit Var | -12.0 % | EPS | 2.23 ₹ | Industry PE | 27.0 |
Chart & Trend Analysis:
PRESTIGE is trading at ₹1,414, above its 50 DMA (₹1,363) but below the 200 DMA (₹1,481), showing short-term strength but medium-term weakness. RSI at 61.2 indicates moderate momentum. MACD at 31.6 suggests mild bullish crossover. Bollinger Bands show price near the mid-to-upper range, reflecting cautious buying. Volume (3,17,195) is below the 1-week average (4,17,919), indicating weak participation.
Momentum Signals:
- Short-term momentum is mildly bullish but lacks strong volume support.
- Entry Zone: ₹1,350–₹1,370 (support near 50 DMA).
- Exit Zone: ₹1,480–₹1,500 (resistance near 200 DMA).
- Trend Status: Consolidating; struggling to break long-term resistance.
Positive
- Improved quarterly PAT (₹45.8 Cr vs ₹20.1 Cr).
- DII inflows (+1.64%) show domestic institutional support.
- Price recovery from ₹1,090 lows reflects resilience.
Limitation
- Extremely high P/E (633) vs industry average (27.0).
- Negative PEG ratio (-18.5) indicates poor growth valuation.
- Weak ROE (1.44%) and ROCE (4.35%).
- Dividend yield is negligible at 0.13%.
- Volume below average, limiting momentum strength.
Company Negative News
- Quarterly profit variation (-12%) shows earnings inconsistency.
- FII holdings declined (-1.52%), reflecting reduced foreign confidence.
Company Positive News
- Sequential PAT improvement highlights operational recovery.
- Domestic institutions increasing stake (+1.64%).
Industry
- Industry P/E at 27.0 highlights PRESTIGE’s steep premium valuation.
- Real estate sector supported by urban demand and infrastructure expansion.
Conclusion
PRESTIGE shows short-term recovery but faces long-term valuation and efficiency challenges. Entry near ₹1,350–₹1,370 offers limited risk, with exits around ₹1,480–₹1,500. Traders should treat it as a consolidation play, while long-term investors should be cautious due to extreme valuation and weak fundamentals.