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TORNTPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | TORNTPOWER | Market Cap | 73,137 Cr. | Current Price | 1,451 ₹ | High / Low | 1,640 ₹ |
| Stock P/E | 22.6 | Book Value | 370 ₹ | Dividend Yield | 1.31 % | ROCE | 16.9 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,434 ₹ | DMA 200 | 1,381 ₹ |
| Chg in FII Hold | -0.50 % | Chg in DII Hold | 0.58 % | PAT Qtr | 712 Cr. | PAT Prev Qtr | 746 Cr. |
| RSI | 48.6 | MACD | 3.78 | Volume | 3,18,831 | Avg Vol 1Wk | 5,61,205 |
| Low price | 1,188 ₹ | High price | 1,640 ₹ | PEG Ratio | 0.42 | Debt to equity | 0.38 |
| 52w Index | 58.1 % | Qtr Profit Var | 93.2 % | EPS | 64.2 ₹ | Industry PE | 24.6 |
📊 Technical Analysis
- Chart Patterns: Stock is trading above 50 DMA (₹1,434) and 200 DMA (₹1,381), showing strength. Support at ₹1,434, resistance around ₹1,600–₹1,640.
- Moving Averages: Current price (₹1,451) is above both averages, confirming bullish bias.
- RSI: 48.6 — neutral, suggesting balanced momentum.
- MACD: 3.78 — bullish crossover, momentum positive.
- Bollinger Bands: Price near mid-band, suggesting consolidation with potential upside.
- Volume Trends: Current volume (3.18L) below 1-week average (5.61L), showing reduced participation.
📈 Momentum & Signals
- Short-term Momentum: Improving with bullish MACD and neutral RSI.
- Entry Zone: ₹1,430–₹1,450 (near support).
- Exit Zone: ₹1,600–₹1,640 (first resistance), ₹1,700 (next resistance).
- Trend Status: Consolidation with bullish undertone; reversal risk only if price falls below ₹1,430.
✅ Positive
- Strong EPS at ₹64.2, reflecting profitability.
- ROE at 18.7% and ROCE at 16.9% show efficient capital use.
- Dividend yield of 1.31% provides investor incentive.
- PEG ratio at 0.42 suggests attractive valuation relative to growth.
⚠️ Limitation
- Quarterly PAT declined slightly (₹712 Cr vs ₹746 Cr), showing earnings volatility.
- FII holdings decreased by -0.50%, reflecting reduced foreign investor confidence.
- Volume participation lower than average, suggesting cautious trading activity.
📰 Company Negative News
- PAT declined marginally compared to previous quarter.
- Stock corrected from 52-week high of ₹1,640 to current ₹1,451.
🌟 Company Positive News
- Quarterly profit variation at 93.2% shows strong operational performance.
- DII holdings increased by 0.58%, reflecting domestic investor confidence.
- Strong fundamentals with low debt-to-equity ratio (0.38).
🏭 Industry
- Industry PE at 24.6, slightly higher than company PE (22.6), indicating TORNTPOWER trades at fair valuation.
- Power sector remains strong with demand from infrastructure and renewable energy expansion.
🔎 Conclusion
- TORNTPOWER is consolidating with bullish undertone.
- Short-term traders may consider entry near ₹1,430–₹1,450 with exit around ₹1,600–₹1,640.
- Breakout above ₹1,640 could trigger rally towards ₹1,700.
- Long-term investors may find value given strong fundamentals, attractive PEG ratio, and sector growth potential.