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RRKABEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | RRKABEL | Market Cap | 16,242 Cr. | Current Price | 1,435 ₹ | High / Low | 1,578 ₹ |
| Stock P/E | 35.1 | Book Value | 206 ₹ | Dividend Yield | 0.42 % | ROCE | 19.7 % |
| ROE | 15.2 % | Face Value | 5.00 ₹ | DMA 50 | 1,440 ₹ | DMA 200 | 1,379 ₹ |
| Chg in FII Hold | 0.22 % | Chg in DII Hold | 0.07 % | PAT Qtr | 130 Cr. | PAT Prev Qtr | 116 Cr. |
| RSI | 49.2 | MACD | -11.2 | Volume | 1,23,781 | Avg Vol 1Wk | 1,66,820 |
| Low price | 750 ₹ | High price | 1,578 ₹ | PEG Ratio | 2.59 | Debt to equity | 0.17 |
| 52w Index | 82.7 % | Qtr Profit Var | 91.1 % | EPS | 39.7 ₹ | Industry PE | 19.2 |
📊 Technical Analysis
- Trend: The stock is consolidating near resistance levels, showing sideways movement with mild weakness.
- Moving Averages: Current price (₹1,435) is slightly below 50 DMA (₹1,440) but above 200 DMA (₹1,379), indicating short-term weakness but long-term support.
- RSI: 49.2 — neutral zone, suggesting consolidation.
- MACD: -11.2 — bearish crossover, showing weak momentum.
- Bollinger Bands: Price is near the middle band, signaling consolidation rather than strong trend.
- Volume Trends: Current volume (1.23L) is lower than 1-week average (1.66L), showing reduced participation.
🎯 Entry & Exit Zones
- Support: ₹1,420 – ₹1,425 (near 200 DMA support zone)
- Resistance: ₹1,450 – ₹1,460 (near 50 DMA)
- Optimal Entry: Around ₹1,425 – ₹1,430 if support holds.
- Exit Zone: ₹1,450 – ₹1,460 for short-term traders.
✅ Positive
- Strong ROCE (19.7%) and ROE (15.2%) indicate efficient capital use.
- Low debt-to-equity ratio (0.17) ensures financial stability.
- Quarterly PAT growth (₹116 Cr → ₹130 Cr) shows operational improvement.
- EPS of ₹39.7 supports earnings strength.
⚠️ Limitation
- P/E (35.1) is higher than industry average (19.2), suggesting premium valuation.
- PEG ratio of 2.59 indicates expensive valuation relative to growth.
- Dividend yield is low (0.42%), limiting income appeal.
📉 Company Negative News
- Volume participation has dropped compared to average, limiting momentum.
📈 Company Positive News
- FII holding increased by 0.22% and DII holding increased by 0.07%, showing institutional confidence.
- Quarterly profit growth (+91.1%) highlights strong operational performance.
- Stock has delivered strong 52-week performance (+82.7%).
🏭 Industry
- Industry PE is 19.2, lower than RR Kabel’s 35.1, suggesting premium pricing.
- Sector outlook remains positive with infrastructure expansion and demand for cables/wires.
🔎 Conclusion
- RR Kabel is consolidating near resistance with neutral momentum indicators.
- Short-term weakness is visible, but fundamentals remain strong.
- Best strategy: Accumulate near ₹1,425 support, exit around ₹1,460 resistance.
- Overall, the stock is in a consolidation phase with potential rebound if support holds.