⚠ 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.
SOLARINDS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | SOLARINDS | Market Cap | 1,19,470 Cr. | Current Price | 13,198 ₹ | High / Low | 17,820 ₹ |
| Stock P/E | 126 | Book Value | 387 ₹ | Dividend Yield | 0.08 % | ROCE | 37.3 % |
| ROE | 29.7 % | Face Value | 2.00 ₹ | DMA 50 | 12,996 ₹ | DMA 200 | 13,194 ₹ |
| Chg in FII Hold | -0.37 % | Chg in DII Hold | 0.01 % | PAT Qtr | 235 Cr. | PAT Prev Qtr | 280 Cr. |
| RSI | 53.6 | MACD | 153 | Volume | 3,37,641 | Avg Vol 1Wk | 2,61,793 |
| Low price | 8,479 ₹ | High price | 17,820 ₹ | PEG Ratio | 2.78 | Debt to equity | 0.05 |
| 52w Index | 50.5 % | Qtr Profit Var | 32.4 % | EPS | 105 ₹ | Industry PE | 22.9 |
📊 Technical Analysis
- Chart Patterns: Stock is trading slightly above 50 DMA (12,996 ₹) and near 200 DMA (13,194 ₹), showing consolidation with bullish bias.
- Moving Averages: Current price (13,198 ₹) above both averages → bullish setup.
- RSI: 53.6 → mid-range, suggesting healthy momentum without being overbought.
- MACD: 153 → strong positive crossover, confirming bullish momentum.
- Bollinger Bands: Price near upper band, showing strong momentum but caution for short-term pullback.
- Volume Trends: Current volume (3.37 lakh) above 1-week average (2.61 lakh), showing strong participation.
📈 Momentum & Signals
- Short-term Momentum: Strong, with bullish bias supported by MACD and price above moving averages.
- Entry Zone: 13,000–13,200 ₹ (near DMA support).
- Exit Zone: 13,600–13,800 ₹ (near resistance zone).
- Trend Status: Trending upward; consolidation possible near 13,800 ₹ resistance.
✅ Positive
- Strong ROCE (37.3%) and ROE (29.7%) indicate excellent capital efficiency.
- EPS of 105 ₹ reflects robust earnings base.
- Debt-to-equity ratio of 0.05 shows negligible leverage risk.
- Quarterly profit variation (+32.4%) highlights strong growth momentum.
⚠️ Limitation
- High P/E of 126 compared to industry PE of 22.9.
- Dividend yield of 0.08% is very low, limiting income appeal.
- PEG ratio of 2.78 suggests expensive valuation relative to growth.
📉 Company Negative News
- PAT declined sequentially from 280 Cr. to 235 Cr.
- FII holdings decreased by -0.37%, showing reduced foreign investor confidence.
📈 Company Positive News
- Quarterly profit variation (+32.4%) shows strong year-on-year growth.
- DII holdings increased slightly (+0.01%), showing domestic support.
- 52-week index performance at 50.5% highlights resilience compared to broader market.
🏭 Industry
- Industry PE at 22.9, much lower than SOLARINDS’s 126, suggesting sector peers may be more attractively valued.
- Defense and industrial explosives sector remains growth-oriented with infrastructure and defense demand.
🔎 Conclusion
- SOLARINDS is trending upward with strong bullish signals from DMA, RSI, and MACD.
- Short-term traders may consider entry around 13,000–13,200 ₹ with exit near 13,600–13,800 ₹.
- Long-term investors should be cautious due to high valuation despite strong profitability, growth momentum, and negligible debt.