RHIM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | RHIM | Market Cap | 8,076 Cr. | Current Price | 392 ₹ | High / Low | 538 ₹ |
| Stock P/E | 41.8 | Book Value | 199 ₹ | Dividend Yield | 0.63 % | ROCE | 7.71 % |
| ROE | 5.62 % | Face Value | 1.00 ₹ | DMA 50 | 398 ₹ | DMA 200 | 434 ₹ |
| Chg in FII Hold | -0.26 % | Chg in DII Hold | 0.68 % | PAT Qtr | 68.9 Cr. | PAT Prev Qtr | 41.3 Cr. |
| RSI | 49.5 | MACD | -1.36 | Volume | 4,28,314 | Avg Vol 1Wk | 6,66,008 |
| Low price | 323 ₹ | High price | 538 ₹ | PEG Ratio | -7.18 | Debt to equity | 0.02 |
| 52w Index | 32.1 % | Qtr Profit Var | 22.7 % | EPS | 9.35 ₹ | Industry PE | 38.3 |
📈 Trend Analysis: RHIM is trading at ₹392, slightly below the 50 DMA (₹398) and 200 DMA (₹434), indicating short-term and medium-term weakness. The stock has corrected from its 52-week high of ₹538 and is consolidating near current levels.
📊 RSI: At 49.5, RSI is neutral, suggesting balanced momentum without strong overbought or oversold signals.
📉 MACD: Negative MACD (-1.36) confirms mild bearish momentum, aligning with weak price action below moving averages.
📌 Bollinger Bands: Price is near the mid-band, signaling consolidation with limited volatility.
🔎 Volume Trends: Current volume (4,28,314) is below the 1-week average (6,66,008), showing reduced participation, which reflects cautious sentiment.
💡 Momentum Signals: Short-term momentum is weak. Optimal entry zone lies near ₹380–₹385 support levels. Exit/resistance zone is around ₹405–₹415, where selling pressure may emerge.
📌 Market Phase: The stock is consolidating with a bearish bias, attempting to stabilize near support after recent declines.
Positive
- 🚀 Quarterly PAT growth (₹68.9 Cr vs ₹41.3 Cr), up 22.7%.
- 📈 EPS of ₹9.35 supports earnings visibility.
- 💡 DII holdings increased by 0.68%, showing domestic institutional confidence.
- 🔒 Very low debt-to-equity ratio (0.02) ensures financial stability.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, signaling weakness.
- 📉 ROCE (7.71%) and ROE (5.62%) are modest compared to peers.
- 🔎 PEG ratio (-7.18) reflects growth inconsistency.
- 📊 Lower trading volume reduces momentum strength.
Company Negative News
- 📉 FII holdings decreased by 0.26%, showing reduced foreign investor interest.
- ⚠️ Weak return metrics despite profit growth.
Company Positive News
- 📈 Quarterly PAT growth highlights operational improvement.
- 💡 EPS of ₹9.35 supports long-term earnings visibility.
- 🔒 Debt-to-equity ratio of 0.02 ensures strong financial stability.
Industry
- 🏭 Industry PE at 38.3, slightly lower than RHIM’s 41.8, suggesting premium valuation.
- 📊 Sector growth driven by industrial demand and manufacturing expansion.
Conclusion
⚖️ RHIM is consolidating with short-term weakness but supported by low debt and improving profits. Modest efficiency metrics and premium valuation limit upside. Strategy: consider entry near ₹380–₹385 support zones and book profits around ₹405–₹415 resistance. The stock is consolidating with cautious bias, awaiting stronger momentum for a sustained recovery.