SHYAMMETL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | SHYAMMETL | Market Cap | 21,946 Cr. | Current Price | 786 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 43.8 | Book Value | 222 ₹ | Dividend Yield | 0.57 % | ROCE | 12.0 % |
| ROE | 8.48 % | Face Value | 10.0 ₹ | DMA 50 | 827 ₹ | DMA 200 | 848 ₹ |
| Chg in FII Hold | -0.44 % | Chg in DII Hold | 0.23 % | PAT Qtr | 98.4 Cr. | PAT Prev Qtr | 136 Cr. |
| RSI | 41.5 | MACD | -21.1 | Volume | 2,25,630 | Avg Vol 1Wk | 2,89,545 |
| Low price | 737 ₹ | High price | 1,001 ₹ | PEG Ratio | -2.93 | Debt to equity | 0.05 |
| 52w Index | 18.5 % | Qtr Profit Var | -17.2 % | EPS | 18.0 ₹ | Industry PE | 18.1 |
📊 Chart & Trend Analysis: SHYAMMETL is trading at ₹786, below both its 50 DMA (₹827) and 200 DMA (₹848), indicating bearish momentum. RSI at 41.5 suggests the stock is approaching oversold territory. MACD at -21.1 confirms negative crossover. Bollinger Bands show price near the lower band, signaling weakness with potential support around ₹737–₹750.
📈 Volume Trends: Current volume (2,25,630) is below the 1-week average (2,89,545), showing reduced participation and mild selling pressure.
🔑 Momentum Signals: Short-term momentum is weak, with support around ₹737–₹750 and resistance near ₹820–₹830.
💰 Entry Zone: ₹737–₹750 (near support).
📉 Exit Zone: ₹820–₹830 (resistance near 50 DMA).
📌 Trend Status: The stock is consolidating with bearish bias, awaiting stronger volume or breakout signals for reversal.
Positive
- EPS of ₹18.0 with profitability.
- ROCE at 12% and ROE at 8.48% indicate moderate efficiency.
- Debt-to-equity ratio at 0.05, showing very low leverage.
- Dividend yield of 0.57% provides income support.
Limitation
- High P/E ratio (43.8) compared to industry average (18.1).
- PEG ratio of -2.93 suggests weak growth prospects.
- Trading below both 50 DMA and 200 DMA.
Company Negative News
- PAT declined from ₹136 Cr. to ₹98.4 Cr. quarter-on-quarter (-17.2%).
- FII holdings decreased by 0.44%, showing reduced foreign investor confidence.
Company Positive News
- DII holdings increased slightly (+0.23%), showing domestic support.
- Stock has delivered 18.5% return over the past year.
Industry
- Industry PE at 18.1, much lower than SHYAMMETL’s valuation, showing premium pricing.
- Steel and metals sector remains cyclical but benefits from infrastructure demand.
Conclusion
⚖️ SHYAMMETL is consolidating with bearish undertones, trading below key moving averages. Optimal strategy: accumulate cautiously near ₹737–₹750 support and consider profit booking around ₹820–₹830 resistance. Long-term investors should monitor profit growth trends and FII participation, but fundamentals remain stable with low debt and moderate efficiency.