SYRMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | SYRMA | Market Cap | 18,491 Cr. | Current Price | 959 ₹ | High / Low | 1,032 ₹ |
| Stock P/E | 74.9 | Book Value | 145 ₹ | Dividend Yield | 0.16 % | ROCE | 6.34 % |
| ROE | 4.54 % | Face Value | 10.0 ₹ | DMA 50 | 862 ₹ | DMA 200 | 767 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | 0.70 % | PAT Qtr | 95.4 Cr. | PAT Prev Qtr | 65.4 Cr. |
| RSI | 62.3 | MACD | 46.4 | Volume | 9,36,877 | Avg Vol 1Wk | 8,23,865 |
| Low price | 437 ₹ | High price | 1,032 ₹ | PEG Ratio | 2.51 | Debt to equity | 0.10 |
| 52w Index | 87.7 % | Qtr Profit Var | 83.3 % | EPS | 13.1 ₹ | Industry PE | 32.4 |
📈 Chart Patterns & Trend: SYRMA is trading well above both 50 DMA (₹862) and 200 DMA (₹767), with current price at ₹959. The stock is in a strong uptrend but showing signs of consolidation near its recent high (₹1,032). Trend bias remains bullish with momentum support.
📊 Indicators: RSI at 62.3 indicates moderately strong momentum, leaning toward overbought territory. MACD positive at 46.4 confirms strong bullish crossover. Bollinger Bands show price near upper band, signaling momentum continuation but risk of short-term pullback.
🔎 Volume: Current volume (9.36 Lakh) is slightly above average weekly volume (8.23 Lakh), showing healthy participation and accumulation interest.
🎯 Entry Zone: ₹940–₹955 (near support and DMA levels)
🚪 Exit Zone: ₹1,010–₹1,025 (resistance near recent highs)
Positive
- Quarterly PAT growth of 83.3% (₹95.4 Cr. vs ₹65.4 Cr.).
- EPS of ₹13.1 supports earnings visibility.
- FII holdings increased by 0.13% and DII holdings by 0.70%, showing institutional confidence.
- Stock trading above both 50 DMA and 200 DMA confirms bullish structure.
Limitation
- High P/E of 74.9 compared to industry average (32.4), indicating premium valuation.
- ROCE (6.34%) and ROE (4.54%) remain weak.
- PEG ratio of 2.51 suggests stretched valuation relative to growth.
- Dividend yield is minimal at 0.16%.
Company Negative News
- No major negative news reported, but high valuation and weak return ratios remain concerns.
Company Positive News
- Strong quarterly profit growth supports earnings momentum.
- Institutional investors increased stake, reflecting confidence.
Industry
- Industry PE at 32.4 is much lower than SYRMA’s 74.9, highlighting premium valuation.
- Electronics manufacturing sector outlook remains positive with demand recovery and export opportunities.
Conclusion
SYRMA is trending upward with strong bullish signals from MACD, RSI, and volume. Entry near ₹940–₹955 offers favorable risk-reward, with exit around ₹1,010–₹1,025. Fundamentals show growth momentum, but high valuations and weak efficiency metrics require cautious positioning.
Would you like me to also prepare a short-term intraday trade setup for SYRMA, with tighter entry/exit levels and momentum triggers, alongside this swing/investment view?