RELINFRA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | RELINFRA | Market Cap | 3,214 Cr. | Current Price | 78.7 ₹ | High / Low | 425 ₹ |
| Book Value | 595 ₹ | Dividend Yield | 0.00 % | ROCE | -1.41 % | ROE | -8.12 % |
| Face Value | 10.0 ₹ | DMA 50 | 99.1 ₹ | DMA 200 | 183 ₹ | Chg in FII Hold | -0.19 % |
| Chg in DII Hold | 0.18 % | PAT Qtr | -166 Cr. | PAT Prev Qtr | -152 Cr. | RSI | 43.3 |
| MACD | -3.58 | Volume | 12,67,963 | Avg Vol 1Wk | 12,67,963 | Low price | 64.2 ₹ |
| High price | 425 ₹ | Debt to equity | 0.03 | 52w Index | 3.99 % | Qtr Profit Var | -75.2 % |
| EPS | -10.0 ₹ | Industry PE | 30.5 |
Chart & Trend Analysis:
RELINFRA is trading at ₹78.7, well below its 50 DMA (₹99.1) and 200 DMA (₹183), confirming strong technical weakness. RSI at 43.3 indicates bearish momentum. MACD at -3.58 shows negative crossover. Bollinger Bands place price near the lower band, reflecting selling pressure. Volume (12,67,963) matches the 1-week average, suggesting neutral participation but no strong buying support.
Momentum Signals:
- Short-term momentum is bearish with price struggling below DMA levels.
- Entry Zone: ₹72–₹75 (support near recent lows).
- Exit Zone: ₹85–₹90 (resistance near 50 DMA).
- Trend Status: Consolidating with bearish undertone; reversal not confirmed.
Positive
- Strong book value of ₹595 compared to current price.
- Low debt-to-equity ratio (0.03) ensures minimal leverage risk.
- DII inflows (+0.18%) show some domestic institutional support.
Limitation
- Price trading far below both 50 DMA and 200 DMA confirms weakness.
- Negative ROE (-8.12%) and ROCE (-1.41%) highlight poor efficiency.
- EPS of -₹10.0 reflects consistent losses.
- Quarterly PAT losses (₹-166 Cr vs ₹-152 Cr) show worsening fundamentals.
Company Negative News
- Quarterly profit variation (-75.2%) highlights severe earnings pressure.
- FII holdings declined (-0.19%), showing reduced foreign confidence.
Company Positive News
- Strong book value relative to market price provides asset backing.
- Low leverage supports financial stability despite losses.
Industry
- Industry P/E at 30.5 highlights RELINFRA’s inability to generate earnings.
- Sector supported by infrastructure demand but company-specific weakness dominates.
Conclusion
RELINFRA shows weak technical and fundamental momentum, with price far below key averages and consistent losses. While strong book value and low debt provide some support, negative earnings and poor efficiency metrics weigh heavily. Tactical entries only for high-risk traders near ₹72–₹75 with exits around ₹85–₹90 may be considered, but long-term investors should avoid until profitability improves.