INDGN - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.1
| Stock Code | INDGN | Market Cap | 11,529 Cr. | Current Price | 479 ₹ | High / Low | 640 ₹ |
| Stock P/E | 59.4 | Book Value | 81.6 ₹ | Dividend Yield | 0.42 % | ROCE | 16.6 % |
| ROE | 12.6 % | Face Value | 2.00 ₹ | DMA 50 | 507 ₹ | DMA 200 | 544 ₹ |
| Chg in FII Hold | 0.18 % | Chg in DII Hold | 1.11 % | PAT Qtr | 34.8 Cr. | PAT Prev Qtr | 59.9 Cr. |
| RSI | 41.2 | MACD | -9.07 | Volume | 2,94,964 | Avg Vol 1Wk | 3,75,030 |
| Low price | 456 ₹ | High price | 640 ₹ | PEG Ratio | 5.70 | Debt to equity | 0.03 |
| 52w Index | 12.8 % | Qtr Profit Var | -30.3 % | EPS | 8.08 ₹ | Industry PE | 78.8 |
📈 Optimal Buy Price: 475–479 ₹ (near current support)
💰 Profit-Taking Levels: 490–495 ₹ (short-term resistance zone)
🛡️ Stop-Loss: 468 ₹ (below immediate support)
⏳ Exit Strategy if Already Holding: Exit if price fails to sustain above 479 ₹ with weakening volume or if RSI drops below 40. Hold until 490–495 ₹ only if intraday momentum improves and volume strengthens.
Positive
- ROCE at 16.6% and ROE at 12.6% show decent profitability.
- Debt-to-equity ratio of 0.03 indicates very low leverage risk.
- Institutional interest with FII (+0.18%) and DII (+1.11%) inflows.
- EPS of 8.08 ₹ reflects stable earnings capacity.
Limitation
- High P/E ratio of 59.4 compared to industry PE of 78.8 suggests expensive valuation.
- RSI at 41.2 indicates weak momentum, leaning towards bearish territory.
- MACD at -9.07 shows bearish crossover, limiting upside potential.
- Current price (479 ₹) is below both 50 DMA (507 ₹) and 200 DMA (544 ₹), reflecting short-term weakness.
- Trading volume (2.95 lakh) is lower than 1-week average (3.75 lakh), showing reduced intraday participation.
- PEG ratio of 5.70 signals expensive valuation relative to growth.
Company Negative News
- Quarterly PAT declined from 59.9 Cr. to 34.8 Cr., showing earnings weakness.
- Quarterly profit variation of -30.3% may weigh on investor sentiment.
Company Positive News
- Institutional inflows (FII +0.18%, DII +1.11%) add stability.
- Low debt-to-equity ratio strengthens financial resilience.
Industry
- Industry PE at 78.8 vs stock PE of 59.4 shows INDGN trading at a discount, though still expensive.
- Sector remains growth-oriented but volatile, offering trading opportunities.
Conclusion
⚡ INDGN shows limited intraday potential today due to weak momentum indicators, bearish MACD, and price trading below key moving averages. While fundamentals like low debt and institutional inflows are positives, earnings decline and low volume weigh on sentiment. Buy cautiously near 475–479 ₹ with tight stop-loss at 468 ₹, target 490–495 ₹ for profit-taking. If already holding, exit if price weakens below 479 ₹ or RSI slips under 40.