TORNTPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | TORNTPOWER | Market Cap | 75,571 Cr. | Current Price | 1,499 ₹ | High / Low | 1,824 ₹ |
| Stock P/E | 29.4 | Book Value | 378 ₹ | Dividend Yield | 1.27 % | ROCE | 15.8 % |
| ROE | 14.1 % | Face Value | 10.0 ₹ | DMA 50 | 1,539 ₹ | DMA 200 | 1,438 ₹ |
| Chg in FII Hold | 0.08 % | Chg in DII Hold | 0.08 % | PAT Qtr | 432 Cr. | PAT Prev Qtr | 712 Cr. |
| RSI | 42.7 | MACD | -22.3 | Volume | 2,07,881 | Avg Vol 1Wk | 4,89,113 |
| Low price | 1,188 ₹ | High price | 1,824 ₹ | PEG Ratio | 3.60 | Debt to equity | 0.44 |
| 52w Index | 48.9 % | Qtr Profit Var | -60.4 % | EPS | 51.1 ₹ | Industry PE | 32.1 |
📊 Chart Analysis: TORNTPOWER trades at ₹1,499, below its 50 DMA (₹1,539) but above the 200 DMA (₹1,438), showing short-term weakness but medium-term support. RSI at 42.7 indicates mildly oversold conditions. MACD at -22.3 is bearish, confirming downward pressure. Bollinger Bands place the price near the lower band, suggesting weakness with potential for short-term bounce. Current volume (2.1L) is significantly below the 1-week average (4.9L), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is bearish with oversold bias. A move above ₹1,520 could trigger recovery, while a drop below ₹1,480 risks further downside.
💡 Entry Zone: ₹1,460–₹1,490 (support near 200 DMA).
🚪 Exit Zone: ₹1,540–₹1,580 (resistance near 50 DMA and trendline).
🔎 Trend Status: The stock is reversing downward after failing to sustain above ₹1,800, with oversold RSI hinting at possible short-term consolidation.
Positive
- 📌 EPS of ₹51.1 with consistent profitability.
- 📌 ROCE of 15.8% and ROE of 14.1% show decent efficiency.
- 📌 Dividend yield of 1.27% provides shareholder returns.
- 📌 FII (+0.08%) and DII (+0.08%) holdings increased, showing institutional support.
Limitation
- ⚠️ PAT dropped sharply from ₹712 Cr. to ₹432 Cr. (-60.4% variation).
- ⚠️ PEG ratio of 3.60 suggests expensive growth outlook.
- ⚠️ Debt-to-equity ratio of 0.44 adds financial risk.
Company Negative News
- ❌ Weak quarterly profit performance highlights margin pressure.
- ❌ RSI near oversold levels reflects weak sentiment.
Company Positive News
- ✅ Institutional investors increased holdings, showing confidence.
- ✅ Strong 52-week index performance at 48.9% indicates resilience.
Industry
- 🌐 Power sector remains critical with steady demand growth.
- 🌐 Industry PE at 32.1 is slightly higher than TORNTPOWER’s PE (29.4), suggesting fair valuation.
Conclusion
📌 TORNTPOWER is reversing downward with bearish signals but oversold RSI suggests potential short-term consolidation. Traders may consider entries near ₹1,460–₹1,490 and exits around ₹1,540–₹1,580. While fundamentals are stable with profitability and dividend yield, sharp profit decline and debt levels warrant caution for medium-term investors.
We could refine support and resistance mapping, expand on volume analysis to confirm momentum, or dive into RSI and MACD signals for short-term trading cues.