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SJVN - Technical Analysis with Chart Patterns & Indicators

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Rating: 3.6

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

Technical Rating: 3.6

Stock Code SJVN Market Cap 27,984 Cr. Current Price 71.2 ₹ High / Low 108 ₹
Stock P/E 35.0 Book Value 37.6 ₹ Dividend Yield 2.05 % ROCE 8.36 %
ROE 6.86 % Face Value 10.0 ₹ DMA 50 77.0 ₹ DMA 200 87.8 ₹
Chg in FII Hold 0.14 % Chg in DII Hold -0.33 % PAT Qtr 372 Cr. PAT Prev Qtr 259 Cr.
RSI 40.6 MACD -1.53 Volume 53,90,498 Avg Vol 1Wk 59,13,317
Low price 69.8 ₹ High price 108 ₹ PEG Ratio -40.2 Debt to equity 0.70
52w Index 3.89 % Qtr Profit Var -21.3 % EPS 2.04 ₹ Industry PE 25.6

📊 Technical Analysis

  • Chart Patterns: Stock is trading near support at 69.8 ₹, showing weakness below 50 DMA (77 ₹) and 200 DMA (87.8 ₹). Trendline indicates downward bias.
  • Moving Averages: Price below both 50 DMA and 200 DMA → bearish signal.
  • RSI: 40.6 → approaching oversold zone, suggesting limited downside but weak momentum.
  • MACD: -1.53 → bearish crossover, confirming short-term weakness.
  • Bollinger Bands: Price near lower band, indicating oversold condition and possible short-term bounce.
  • Volume Trends: Current volume (53.9 lakh) slightly below 1-week average (59.1 lakh), showing reduced participation.

📈 Momentum & Signals

  • Short-term Momentum: Weak, with bearish bias but oversold indicators suggest possible rebound.
  • Entry Zone: 70–72 ₹ (near support, oversold RSI).
  • Exit Zone: 77–80 ₹ (near 50 DMA resistance).
  • Trend Status: Consolidating with bearish tilt; potential reversal only if price sustains above 77 ₹.

✅ Positive

  • Dividend yield of 2.05% provides income stability.
  • Quarterly PAT improved from 259 Cr. to 372 Cr.
  • FII holdings increased by 0.14%, showing foreign investor confidence.

⚠️ Limitation

  • High P/E of 35 compared to industry PE of 25.6.
  • Debt-to-equity ratio at 0.70 indicates moderate leverage.
  • EPS of 2.04 ₹ is relatively low, limiting valuation comfort.

📉 Company Negative News

  • Quarterly profit variation shows -21.3% decline, raising concerns about earnings consistency.
  • DII holdings decreased by -0.33%, showing reduced domestic institutional confidence.

📈 Company Positive News

  • Strong PAT growth sequentially (259 Cr. → 372 Cr.).
  • Stable dividend payout supports long-term investors.

🏭 Industry

  • Industry PE at 25.6, lower than SJVN’s 35, suggesting sector peers may be more attractively valued.
  • Power sector remains essential with government focus on renewable and hydro projects.

🔎 Conclusion

  • SJVN is currently consolidating near support levels with bearish signals from DMA and MACD.
  • Short-term traders may consider entry around 70–72 ₹ with exit near 77–80 ₹.
  • Long-term investors should be cautious due to high valuation and declining quarterly profit variation.

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