SYRMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | SYRMA | Market Cap | 20,098 Cr. | Current Price | 1,040 ₹ | High / Low | 1,188 ₹ |
| Stock P/E | 67.9 | Book Value | 154 ₹ | Dividend Yield | 0.14 % | ROCE | 15.8 % |
| ROE | 13.3 % | Face Value | 10.0 ₹ | DMA 50 | 941 ₹ | DMA 200 | 805 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | 0.70 % | PAT Qtr | 81.4 Cr. | PAT Prev Qtr | 95.4 Cr. |
| RSI | 58.7 | MACD | 27.3 | Volume | 10,94,374 | Avg Vol 1Wk | 12,39,307 |
| Low price | 499 ₹ | High price | 1,188 ₹ | PEG Ratio | 0.90 | Debt to equity | 0.09 |
| 52w Index | 78.5 % | Qtr Profit Var | 33.8 % | EPS | 15.2 ₹ | Industry PE | 30.4 |
📊 Chart Analysis: SYRMA is trading at ₹1,040, above both the 50 DMA (₹941) and 200 DMA (₹805), indicating strong bullish bias. RSI at 58.7 suggests neutral-to-positive momentum. MACD at 27.3 is positive, confirming upward momentum. Bollinger Bands show price moving toward the upper band, reflecting buying interest. Current volume (10.9L) is slightly below the 1-week average (12.3L), showing mild cooling in participation.
📈 Momentum Signals: Short-term momentum is bullish, supported by MACD and price above moving averages. RSI indicates room for further upside before overbought conditions.
💹 Support & Resistance: Strong support lies near ₹941 (50 DMA) and ₹805 (200 DMA). Immediate resistance is at ₹1,100, with major resistance at ₹1,188 (recent high). Optimal entry zone: ₹1,020–₹1,040. Exit zone: ₹1,100–₹1,120.
🔄 Trend Status: The stock is currently trending upward with strong momentum, though resistance near ₹1,188 may trigger consolidation.
Positive
- ✅ ROCE of 15.8% and ROE of 13.3% indicate efficient capital use.
- ✅ EPS of ₹15.2 supports valuation strength.
- ✅ PEG ratio of 0.90 suggests reasonable valuation relative to growth.
- ✅ Very low debt-to-equity ratio of 0.09 shows financial stability.
- ✅ Both FII (+0.13%) and DII (+0.70%) holdings increased, reflecting investor confidence.
Limitation
- ⚠️ High P/E of 67.9 compared to industry P/E of 30.4, suggesting premium valuation.
- ⚠️ Dividend yield of 0.14% is very low.
- ⚠️ PAT declined sequentially from ₹95.4 Cr. to ₹81.4 Cr.
Company Negative News
- 📉 Sequential profit decline highlights earnings pressure.
- 📉 Stock trading at 78.5% of its 52-week index, showing limited upside from current levels.
Company Positive News
- 📈 Strong institutional support with both FII and DII increasing holdings.
- 📈 EPS and efficiency metrics remain healthy despite profit decline.
Industry
- ⚙️ Electronics manufacturing sector trading at industry P/E of 30.4, lower than SYRMA’s P/E of 67.9, suggesting premium valuation.
- ⚙️ Sector supported by rising demand for electronics and industrial automation.
Conclusion
📌 SYRMA is trending upward, trading above key moving averages with bullish MACD and RSI. Entry around ₹1,020–₹1,040 with exit near ₹1,100–₹1,120 offers a favorable setup. Fundamentals show strong efficiency and low debt, but high valuation multiples and recent profit decline are concerns. The stock remains attractive for momentum-driven investors if resistance near ₹1,188 is breached.
For broader context, you could explore a electronics sector outlook or compare SYRMA with peers through a valuation comparison.