IRCON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | IRCON | Market Cap | 14,813 Cr. | Current Price | 157 ₹ | High / Low | 226 ₹ |
| Stock P/E | 21.3 | Book Value | 68.7 ₹ | Dividend Yield | 1.68 % | ROCE | 14.7 % |
| ROE | 11.6 % | Face Value | 2.00 ₹ | DMA 50 | 163 ₹ | DMA 200 | 173 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | 0.08 % | PAT Qtr | 185 Cr. | PAT Prev Qtr | 151 Cr. |
| RSI | 46.1 | MACD | -2.37 | Volume | 29,63,911 | Avg Vol 1Wk | 48,38,050 |
| Low price | 134 ₹ | High price | 226 ₹ | PEG Ratio | 2.42 | Debt to equity | 0.00 |
| 52w Index | 25.4 % | Qtr Profit Var | -8.68 % | EPS | 7.38 ₹ | Industry PE | 17.4 |
📈 Optimal Buy Price: 155–157 ₹ (near current support)
💰 Profit-Taking Levels: 162–165 ₹ (short-term resistance zone, close to 50 DMA)
🛡️ Stop-Loss: 152 ₹ (below immediate support)
⏳ Exit Strategy if Already Holding: Exit if price fails to sustain above 157 ₹ with weakening volume or if RSI drops below 45. Hold until 162–165 ₹ if momentum indicators improve and volume strengthens.
Positive
- ROCE at 14.7% and ROE at 11.6% show decent profitability.
- Debt-to-equity ratio of 0.00 indicates a debt-free balance sheet.
- Dividend yield of 1.68% provides shareholder returns.
- Stock trading near 50 DMA (163 ₹) and 200 DMA (173 ₹), offering technical reference points.
- EPS of 7.38 ₹ reflects stable earnings capacity.
Limitation
- RSI at 46.1 indicates weak momentum, leaning towards neutral/bearish territory.
- MACD at -2.37 shows bearish crossover, limiting upside potential.
- Trading volume (29.6 lakh) is lower than 1-week average (48.3 lakh), suggesting reduced intraday participation.
- PEG ratio of 2.42 signals expensive valuation relative to growth.
Company Negative News
- Quarterly PAT declined from 151 Cr. to 185 Cr. but with -8.68% variation, showing earnings volatility.
- Slight decline in FII holdings (-0.07%) indicates reduced foreign investor confidence.
Company Positive News
- DII holdings increased (+0.08%), reflecting domestic institutional support.
- Debt-free status strengthens financial stability.
Industry
- Industry PE at 17.4 vs stock PE of 21.3 shows IRCON trading at a premium.
- Infrastructure sector remains demand-driven, offering trading opportunities but with cyclical risks.
Conclusion
⚡ IRCON shows moderate intraday potential with strong fundamentals and debt-free balance sheet, but weak momentum indicators and lower volumes limit upside. Buy near 155–157 ₹, target 162–165 ₹ for profit-taking, and protect downside with a stop-loss at 152 ₹. If already holding, monitor RSI and MACD closely, exiting if price weakens below 157 ₹ or momentum indicators remain bearish.