⚠ 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.
SYRMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | SYRMA | Market Cap | 15,153 Cr. | Current Price | 785 ₹ | High / Low | 910 ₹ |
| Stock P/E | 61.4 | Book Value | 145 ₹ | Dividend Yield | 0.19 % | ROCE | 6.34 % |
| ROE | 4.54 % | Face Value | 10.0 ₹ | DMA 50 | 781 ₹ | DMA 200 | 730 ₹ |
| Chg in FII Hold | -0.55 % | Chg in DII Hold | -0.49 % | PAT Qtr | 95.4 Cr. | PAT Prev Qtr | 65.4 Cr. |
| RSI | 50.9 | MACD | -13.9 | Volume | 21,99,727 | Avg Vol 1Wk | 15,33,417 |
| Low price | 355 ₹ | High price | 910 ₹ | PEG Ratio | 2.05 | Debt to equity | 0.10 |
| 52w Index | 77.4 % | Qtr Profit Var | 83.3 % | EPS | 13.1 ₹ | Industry PE | 28.0 |
📊 Technical Analysis
- Chart Patterns: Stock has corrected from highs of ₹910, currently stabilizing near ₹785 with support at ₹770–₹780 and resistance around ₹800–₹820.
- Moving Averages: Price (₹785) near 50 DMA (₹781) and above 200 DMA (₹730), showing medium-term strength but short-term indecision.
- RSI: 50.9 — neutral, suggesting balanced momentum.
- MACD: -13.9 — bearish crossover, momentum negative.
- Bollinger Bands: Price near mid-band, confirming consolidation phase.
- Volume Trends: Current volume (21.9 Lakh) above 1-week average (15.3 Lakh), showing increased participation.
📈 Momentum & Signals
- Short-term Momentum: Neutral to weak, with sideways consolidation.
- Entry Zone: ₹770–₹785 (support region).
- Exit Zone: ₹800–₹820 (resistance region).
- Trend Status: Consolidating with mild bearish bias.
✅ Positive
- Quarterly PAT growth (₹95.4 Cr vs ₹65.4 Cr, +83.3%).
- EPS at ₹13.1, supported by profitability.
- Low debt-to-equity ratio (0.10), financially stable.
⚠️ Limitation
- Stock P/E (61.4) significantly above industry average (28.0), indicating expensive valuation.
- PEG ratio at 2.05, showing stretched valuation relative to growth.
- ROCE (6.34%) and ROE (4.54%) relatively weak.
- Both FII (-0.55%) and DII (-0.49%) holdings decreased.
📉 Company Negative News
- Weak efficiency metrics (ROCE and ROE).
- Institutional investors reduced holdings.
📈 Company Positive News
- Strong quarterly profit growth (+83.3%).
- Stock trading above 200 DMA, showing medium-term strength.
- Low leverage ensures financial stability.
🏭 Industry
- Electronics manufacturing sector PE at 28.0, showing moderate valuations compared to Syrma’s premium pricing.
- Industry supported by demand in electronics and semiconductor supply chain expansion.
🔎 Conclusion
- SYRMA is consolidating with neutral momentum, trading near support at ₹770–₹785.
- Entry near ₹770–₹785 support zone, exit around ₹800–₹820 resistance.
- Medium-term outlook remains stable, but valuations are stretched and efficiency metrics are weak.
- Best suited for short-term swing trades; long-term investors should be cautious of high P/E and low returns on capital.