⚠ 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: 3.9
| Stock Code | SHYAMMETL | Market Cap | 23,607 Cr. | Current Price | 848 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 47.1 | Book Value | 222 ₹ | Dividend Yield | 0.53 % | ROCE | 12.0 % |
| ROE | 8.48 % | Face Value | 10.0 ₹ | DMA 50 | 831 ₹ | DMA 200 | 852 ₹ |
| Chg in FII Hold | -0.44 % | Chg in DII Hold | 0.23 % | PAT Qtr | 98.4 Cr. | PAT Prev Qtr | 136 Cr. |
| RSI | 56.3 | MACD | 4.72 | Volume | 83,620 | Avg Vol 1Wk | 3,71,153 |
| Low price | 662 ₹ | High price | 1,001 ₹ | PEG Ratio | -3.15 | Debt to equity | 0.05 |
| 52w Index | 54.9 % | Qtr Profit Var | -17.2 % | EPS | 18.0 ₹ | Industry PE | 18.7 |
📊 Technical Analysis
- Chart Patterns: Stock is trading near 50 DMA (831 ₹) and slightly below 200 DMA (852 ₹), showing consolidation with mild bullish bias.
- Moving Averages: Current price (848 ₹) above 50 DMA but marginally below 200 DMA → neutral to bullish setup.
- RSI: 56.3 → mid-range, suggesting healthy momentum without being overbought.
- MACD: 4.72 → positive crossover, confirming short-term bullish signals.
- Bollinger Bands: Price near mid-band, indicating consolidation with potential upward breakout.
- Volume Trends: Current volume (83,620) significantly below 1-week average (3.71 lakh), showing weak participation despite price stability.
📈 Momentum & Signals
- Short-term Momentum: Neutral to bullish, supported by MACD and price above 50 DMA.
- Entry Zone: 835–850 ₹ (near 50 DMA support).
- Exit Zone: 870–890 ₹ (near resistance and 200 DMA breakout zone).
- Trend Status: Consolidating with bullish tilt; reversal possible if price sustains above 852 ₹.
✅ Positive
- EPS of 18.0 ₹ reflects stable earnings base.
- Low debt-to-equity ratio of 0.05 indicates strong financial stability.
- DII holdings increased by 0.23%, showing domestic institutional support.
- 52-week index performance at 54.9% highlights resilience compared to broader market.
⚠️ Limitation
- High P/E of 47.1 compared to industry PE of 18.7.
- ROE (8.48%) and ROCE (12.0%) are modest, showing average capital efficiency.
- PEG ratio of -3.15 suggests poor growth-adjusted valuation.
📉 Company Negative News
- PAT declined from 136 Cr. to 98.4 Cr. sequentially.
- Quarterly profit variation shows decline (-17.2%).
- FII holdings decreased by -0.44%, showing reduced foreign investor confidence.
📈 Company Positive News
- Strong 52-week performance (+54.9%).
- DII inflows indicate domestic confidence.
- Low leverage provides financial flexibility.
🏭 Industry
- Industry PE at 18.7, much lower than SHYAMMETL’s 47.1, suggesting sector peers may be more attractively valued.
- Steel and metals sector remains cyclical but supported by infrastructure demand.
🔎 Conclusion
- SHYAMMETL is consolidating near support levels with bullish signals from MACD and price above 50 DMA.
- Short-term traders may consider entry around 835–850 ₹ with exit near 870–890 ₹.
- Long-term investors should be cautious due to high valuation and declining profitability despite strong sector demand and low debt.