SOLARINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | SOLARINDS | Market Cap | 1,24,035 Cr. | Current Price | 13,703 ₹ | High / Low | 17,820 ₹ |
| Stock P/E | 116 | Book Value | 387 ₹ | Dividend Yield | 0.07 % | ROCE | 37.3 % |
| ROE | 29.7 % | Face Value | 2.00 ₹ | DMA 50 | 13,660 ₹ | DMA 200 | 13,362 ₹ |
| Chg in FII Hold | -0.37 % | Chg in DII Hold | 0.01 % | PAT Qtr | 329 Cr. | PAT Prev Qtr | 235 Cr. |
| RSI | 46.1 | MACD | 221 | Volume | 2,00,918 | Avg Vol 1Wk | 1,89,518 |
| Low price | 9,888 ₹ | High price | 17,820 ₹ | PEG Ratio | 2.55 | Debt to equity | 0.05 |
| 52w Index | 48.1 % | Qtr Profit Var | 61.2 % | EPS | 118 ₹ | Industry PE | 24.5 |
📊 Chart & Trend Analysis: SOLARINDS is trading at ₹13,703, above both its 50 DMA (₹13,660) and 200 DMA (₹13,362), indicating strong bullish momentum. RSI at 46.1 suggests neutral momentum, not overbought. MACD at 221 confirms positive crossover, supporting upward bias. Bollinger Bands show price leaning toward the mid-range, signaling consolidation with potential breakout.
📈 Volume Trends: Current volume (2,00,918) is slightly above the 1-week average (1,89,518), showing healthy participation and accumulation.
🔑 Momentum Signals: Short-term momentum is positive, with support around ₹13,500–₹13,600 and resistance near ₹14,500–₹14,800.
💰 Entry Zone: ₹13,500–₹13,600 (near 50 DMA support).
📉 Exit Zone: ₹14,500–₹14,800 (resistance near upper trendline).
📌 Trend Status: The stock is trending upward with bullish bias, supported by technical indicators and strong fundamentals.
Positive
- EPS of ₹118 with strong profitability.
- ROCE at 37.3% and ROE at 29.7% indicate excellent efficiency.
- Debt-to-equity ratio at 0.05, virtually debt-free.
- Quarterly PAT improved from ₹235 Cr. to ₹329 Cr. (+61.2%).
- Strong 52-week return of 48.1%.
Limitation
- High P/E ratio (116) compared to industry average (24.5).
- Dividend yield at 0.07%, very low for income-focused investors.
- PEG ratio of 2.55 suggests expensive valuation relative to growth.
Company Negative News
- FII holdings decreased by 0.37%, showing reduced foreign investor confidence.
- Valuation premium may limit upside potential.
Company Positive News
- PAT growth of 61.2% quarter-on-quarter shows strong earnings momentum.
- DII holdings increased slightly (+0.01%), showing domestic support.
Industry
- Industry PE at 24.5, much lower than SOLARINDS’s valuation, showing premium pricing.
- Defense and explosives sector benefits from infrastructure and defense demand.
Conclusion
⚖️ SOLARINDS is trending upward with bullish signals, supported by strong ROCE/ROE and positive MACD. Optimal strategy: accumulate near ₹13,500–₹13,600 support and consider profit booking around ₹14,500–₹14,800 resistance. Long-term investors should monitor valuation premium and institutional participation, but fundamentals remain robust with debt-free status and strong profitability growth.