SHRIRAMFIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | SHRIRAMFIN | Market Cap | 1,92,126 Cr. | Current Price | 1,021 ₹ | High / Low | 1,108 ₹ |
| Stock P/E | 21.1 | Book Value | 321 ₹ | Dividend Yield | 0.97 % | ROCE | 11.2 % |
| ROE | 16.4 % | Face Value | 2.00 ₹ | DMA 50 | 1,008 ₹ | DMA 200 | 841 ₹ |
| Chg in FII Hold | -2.40 % | Chg in DII Hold | 2.64 % | PAT Qtr | 2,522 Cr. | PAT Prev Qtr | 2,307 Cr. |
| RSI | 48.7 | MACD | -5.43 | Volume | 40,50,602 | Avg Vol 1Wk | 68,83,386 |
| Low price | 566 ₹ | High price | 1,108 ₹ | PEG Ratio | 0.45 | Debt to equity | 3.88 |
| 52w Index | 84.0 % | Qtr Profit Var | 5.33 % | EPS | 48.5 ₹ | Industry PE | 17.2 |
📊 Chart & Trend Analysis: SHRIRAMFIN is trading at ₹1,021, slightly above its 50 DMA (₹1,008) and well above the 200 DMA (₹841), indicating medium-term bullish momentum. RSI at 48.7 suggests neutral momentum. MACD at -5.43 shows mild bearish crossover, hinting at short-term weakness. Bollinger Bands indicate price consolidating near the mid-range, suggesting sideways movement with potential breakout.
📈 Volume Trends: Current volume (40,50,602) is below the 1-week average (68,83,386), showing reduced participation and mild caution among traders.
🔑 Momentum Signals: Short-term momentum is weak, but long-term trend remains intact. Support lies around ₹1,000–₹1,010, while resistance is near ₹1,070–₹1,090.
💰 Entry Zone: ₹1,000–₹1,010 (near 50 DMA support).
📉 Exit Zone: ₹1,070–₹1,090 (resistance near recent high).
📌 Trend Status: The stock is consolidating with bullish bias, supported by long-term moving averages but facing short-term resistance.
Positive
- EPS of ₹48.5 with strong profitability.
- ROE at 16.4% indicates solid returns for shareholders.
- DII holdings increased by 2.64%, showing strong domestic institutional confidence.
- Stock delivered 84% return over the past year.
Limitation
- High debt-to-equity ratio of 3.88, indicating leveraged balance sheet.
- ROCE at 11.2% is modest compared to peers.
- Volume below average, limiting momentum strength.
Company Negative News
- FII holdings decreased by 2.40%, showing reduced foreign investor confidence.
- MACD indicates short-term bearish crossover.
Company Positive News
- PAT improved from ₹2,307 Cr. to ₹2,522 Cr. quarter-on-quarter (+5.33%).
- Dividend yield of 0.97% provides income support.
- Trading above both 50 DMA and 200 DMA, signaling strength.
Industry
- Industry PE at 17.2, lower than SHRIRAMFIN’s P/E of 21.1, showing slight premium valuation.
- Financial services sector remains resilient with strong credit demand.
Conclusion
⚖️ SHRIRAMFIN is consolidating with bullish undertones, supported by strong fundamentals and long-term trend. Optimal strategy: accumulate near ₹1,000–₹1,010 support and consider profit booking around ₹1,070–₹1,090 resistance. Long-term investors should monitor debt levels and FII participation, but consistent profit growth and strong ROE make it attractive.