PTCIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | PTCIL | Market Cap | 27,084 Cr. | Current Price | 18,045 ₹ | High / Low | 19,440 ₹ |
| Stock P/E | 685 | Book Value | 899 ₹ | Dividend Yield | 0.00 % | ROCE | 5.26 % |
| ROE | 3.59 % | Face Value | 10.0 ₹ | DMA 50 | 17,768 ₹ | DMA 200 | 16,023 ₹ |
| Chg in FII Hold | 0.45 % | Chg in DII Hold | -0.06 % | PAT Qtr | 8.16 Cr. | PAT Prev Qtr | 8.18 Cr. |
| RSI | 52.0 | MACD | 0.60 | Volume | 13,124 | Avg Vol 1Wk | 16,580 |
| Low price | 9,756 ₹ | High price | 19,440 ₹ | PEG Ratio | 14.1 | Debt to equity | 0.03 |
| 52w Index | 85.6 % | Qtr Profit Var | -9.93 % | EPS | 26.4 ₹ | Industry PE | 24.2 |
📊 Chart & Trend Analysis: PTCIL is trading at ₹18,045, above its 50 DMA (₹17,768) and 200 DMA (₹16,023), reflecting medium-term bullish strength. RSI at 52.0 indicates neutral momentum leaning positive, while MACD (0.60) confirms mild bullish crossover. Bollinger Bands show price near the mid-to-upper band, suggesting steady accumulation. Current volume (13,124) is lower than the 1-week average (16,580), indicating reduced participation but stable price action.
📈 Momentum Signals: Short-term momentum is moderately bullish with RSI above 50 and MACD positive. Sustained price action above ₹18,000 strengthens the bullish bias. Watch for breakout attempts near ₹19,000–₹19,200.
💡 Entry Zone: ₹17,600–₹17,800 (support near 50 DMA)
🚪 Exit Zone: ₹19,000–₹19,400 (resistance near 52-week high)
🔎 Trend Status: The stock is trending upward with mild bullish bias, supported by moving averages and positive momentum indicators.
Positive
- EPS at ₹26.4 reflects earnings capacity.
- Debt-to-equity ratio at 0.03 shows very low leverage.
- Increase in FII holding (+0.45%) signals foreign investor interest.
- 52-week index return at 85.6% indicates strong long-term performance.
Limitation
- Stock P/E at 685 is extremely high compared to industry average (24.2), making valuations stretched.
- ROCE (5.26%) and ROE (3.59%) remain weak, limiting efficiency.
- Quarterly PAT declined slightly to ₹8.16 Cr. vs ₹8.18 Cr., showing -9.93% variation.
- PEG ratio at 14.1 suggests expensive growth-adjusted valuation.
Company Negative News
- Decline in DII holding (-0.06%) signals reduced domestic institutional confidence.
- Quarterly profit contraction raises near-term concerns.
Company Positive News
- Increase in FII holding reflects foreign investor optimism.
- Strong 52-week performance highlights investor confidence.
Industry
- Industry PE at 24.2 is far lower than PTCIL’s, highlighting sector competitiveness.
- Specialty sector demand remains supported by industrial growth and niche applications.
Conclusion
⚖️ PTCIL is trending upward with mild bullish bias, supported by price above key moving averages and positive momentum indicators. While fundamentals show strong long-term returns and low leverage, stretched valuations and weak efficiency metrics limit upside. Traders may consider entry near ₹17,600–₹17,800 with exit targets around ₹19,000–₹19,400. Sustained breakout above ₹19,400 could open further upside momentum.