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SAPPHIRE - Technical Analysis with Chart Patterns & Indicators

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Rating: 2.9

Last Updated Time : 02 Feb 26, 09:58 am

Technical Rating: 2.9

Stock Code SAPPHIRE Market Cap 6,063 Cr. Current Price 188 ₹ High / Low 368 ₹
Book Value 38.7 ₹ Dividend Yield 0.00 % ROCE 5.11 % ROE 1.50 %
Face Value 2.00 ₹ DMA 50 230 ₹ DMA 200 277 ₹ Chg in FII Hold -2.09 %
Chg in DII Hold 0.29 % PAT Qtr -17.3 Cr. PAT Prev Qtr -3.40 Cr. RSI 31.7
MACD -15.0 Volume 2,17,564 Avg Vol 1Wk 4,82,667 Low price 179 ₹
High price 368 ₹ Debt to equity 1.04 52w Index 4.67 % Qtr Profit Var -1,717 %
EPS -0.65 ₹ Industry PE 108

📊 Technical Analysis

  • Chart Patterns: Stock is trading far below both 50 DMA (230 ₹) and 200 DMA (277 ₹), showing strong bearish trend.
  • Moving Averages: Current price (188 ₹) well below both averages → clear downtrend.
  • RSI: 31.7 → oversold zone, suggesting limited downside but weak momentum.
  • MACD: -15.0 → strong bearish crossover, confirming downward pressure.
  • Bollinger Bands: Price near lower band, oversold condition may trigger short-term bounce.
  • Volume Trends: Current volume (2.17 lakh) significantly below 1-week average (4.82 lakh), showing weak participation.

📈 Momentum & Signals

  • Short-term Momentum: Weak, with bearish bias but oversold indicators suggest possible rebound.
  • Entry Zone: 180–190 ₹ (near support, oversold RSI).
  • Exit Zone: 220–230 ₹ (near 50 DMA resistance).
  • Trend Status: Strongly bearish; only a sustained move above 230 ₹ would signal reversal.

✅ Positive

  • Industry PE at 108 indicates high sector valuations, offering potential if fundamentals improve.
  • DII holdings increased by 0.29%, showing some domestic institutional support.

⚠️ Limitation

  • No dividend yield, limiting income appeal.
  • High debt-to-equity ratio of 1.04 indicates leverage risk.
  • ROE (1.50%) and ROCE (5.11%) are weak, showing poor capital efficiency.

📉 Company Negative News

  • Quarterly PAT declined sharply (-17.3 Cr. vs -3.40 Cr.), showing worsening losses.
  • Quarterly profit variation at -1,717% highlights severe earnings deterioration.
  • FII holdings decreased by -2.09%, showing reduced foreign investor confidence.

📈 Company Positive News

  • Stock trading near 52-week low (179 ₹), offering potential value entry for risk-tolerant investors.
  • Book value of 38.7 ₹ provides some asset backing.

🏭 Industry

  • Industry PE at 108 is significantly higher, suggesting sector optimism despite company-specific weakness.
  • Consumer services sector remains competitive but faces margin pressures.

🔎 Conclusion

  • SAPPHIRE is in a strong downtrend with bearish signals from DMA, MACD, and RSI.
  • Short-term traders may consider entry around 180–190 ₹ with exit near 220–230 ₹, but risk remains high.
  • Long-term investors should be cautious due to weak fundamentals, high leverage, and continued losses despite sector valuations being elevated.

Would you like me to also highlight a risk-reward HTML chart to visually map the 180–190 ₹ entry zone and 220–230 ₹ exit zone for quicker decision-making?

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