⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
SHYAMMETL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | SHYAMMETL | Market Cap | 26,391 Cr. | Current Price | 945 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 47.7 | Book Value | 231 ₹ | Dividend Yield | 0.47 % | ROCE | 12.3 % |
| ROE | 8.90 % | Face Value | 10.0 ₹ | DMA 50 | 861 ₹ | DMA 200 | 850 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.30 % | PAT Qtr | 151 Cr. | PAT Prev Qtr | 98.4 Cr. |
| RSI | 67.0 | MACD | 22.2 | Volume | 11,30,174 | Avg Vol 1Wk | 8,30,351 |
| Low price | 746 ₹ | High price | 1,001 ₹ | PEG Ratio | 1.99 | Debt to equity | 0.05 |
| 52w Index | 78.0 % | Qtr Profit Var | 51.9 % | EPS | 19.8 ₹ | Industry PE | 22.5 |
📈 Chart & Trend Analysis
- Moving Averages: Current price (₹945) is above both 50 DMA (₹861) and 200 DMA (₹850), confirming bullish momentum.
- RSI: At 67.0, the stock is approaching overbought territory, signaling caution.
- MACD: Strongly positive (22.2), indicating bullish momentum continuation.
- Bollinger Bands: Price is near the upper band, suggesting strong buying pressure but risk of short-term pullback.
- Volume Trends: Current volume (11,30,174) is above 1-week average (8,30,351), showing strong participation.
📊 Momentum & Signals
- Short-term momentum: Strong, supported by MACD and price above moving averages.
- Support Zone: ₹930 – ₹940 (near-term support).
- Resistance Zone: ₹980 – ₹1,000 (recent highs and psychological barrier).
- Entry Zone: ₹935 – ₹945 (near support, bullish bias).
- Exit Zone: ₹980 – ₹1,000 (resistance levels).
📉 Trend Status
The stock is currently in an uptrend with strong bullish signals from MACD and price above moving averages. A breakout above ₹1,000 could extend the rally further, while RSI suggests caution for short-term traders.
✅ Positive
- Strong ROCE (12.3%) and ROE (8.9%) indicate decent efficiency.
- Low debt-to-equity ratio (0.05), showing financial stability.
- Quarterly PAT growth (₹151 Cr vs ₹98.4 Cr) supports earnings momentum.
- EPS of ₹19.8 reflects solid profitability.
⚠️ Limitation
- High P/E ratio (47.7) compared to industry average (22.5), making valuation expensive.
- PEG ratio at 1.99, suggesting costly growth valuation.
- RSI near 67 indicates risk of short-term overbought conditions.
📰 Company Negative News
- FII holding decreased slightly (-0.12%), showing reduced foreign investor confidence.
🌟 Company Positive News
- DII holding increased (+0.30%), reflecting domestic institutional support.
- Quarterly profit variation (+51.9%) highlights strong earnings growth.
- Strong 52-week performance (78% index gain), showing investor confidence.
🏦 Industry
- Industry PE at 22.5, much lower than SHYAMMETL’s 47.7, suggesting peers are cheaper.
- Steel and metals sector benefits from infrastructure demand and industrial expansion.
📌 Conclusion
SHYAMMETL is in a bullish uptrend with strong fundamentals and technical signals. Entry near ₹935 – ₹945 with exit around ₹980 – ₹1,000 is optimal for short-term traders. Long-term investors should weigh strong earnings growth and low debt against high valuations and near-overbought RSI levels.