IRCON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.9
| Stock Code | IRCON | Market Cap | 12,200 Cr. | Current Price | 130 ₹ | High / Low | 226 ₹ |
| Stock P/E | 18.9 | Book Value | 68.7 ₹ | Dividend Yield | 2.04 % | ROCE | 14.7 % |
| ROE | 11.6 % | Face Value | 2.00 ₹ | DMA 50 | 148 ₹ | DMA 200 | 166 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | 0.08 % | PAT Qtr | 91.2 Cr. | PAT Prev Qtr | 185 Cr. |
| RSI | 36.5 | MACD | -6.61 | Volume | 46,35,245 | Avg Vol 1Wk | 40,64,353 |
| Low price | 124 ₹ | High price | 226 ₹ | PEG Ratio | 2.14 | Debt to equity | 0.00 |
| 52w Index | 5.87 % | Qtr Profit Var | -35.2 % | EPS | 6.85 ₹ | Industry PE | 15.2 |
📉 Analysis: IRCON is trading at 130 ₹, well below its 50 DMA (148 ₹) and 200 DMA (166 ₹), showing medium-term weakness. RSI at 36.5 indicates oversold conditions, but MACD at -6.61 confirms bearish momentum. Volume (46 lakh) is slightly above weekly average, suggesting active participation. Price action is near support (124 ₹), offering limited intraday bounce potential.
💰 Optimal Buy Price: 128 – 130 ₹ (near support zone)
🎯 Profit Exit Levels: 134 ₹ (minor resistance), 138 ₹ (next resistance)
🛑 Stop-Loss: 124 ₹ (support breach)
📊 If Already Holding: Consider exiting intraday near 134 – 138 ₹ if momentum indicators flatten. If price fails to hold above 128 ₹ with weak volume, exit early to protect capital.
✅ Positive
- ROCE at 14.7% and ROE at 11.6% show decent efficiency.
- Dividend yield of 2.04% adds investor appeal.
- Debt-to-equity ratio at 0.00 indicates a debt-free balance sheet.
⚠️ Limitation
- Stock P/E (18.9) is slightly higher than industry PE (15.2), suggesting mild overvaluation.
- PEG ratio of 2.14 indicates limited growth-adjusted value.
- Price trading far below DMA levels shows weak medium-term trend.
📰 Company Negative News
- PAT dropped from 185 Cr. to 91.2 Cr. (-35.2%), showing earnings pressure.
- FII holdings decreased (-0.07%), signaling reduced foreign confidence.
🌟 Company Positive News
- DII holdings increased (+0.08%), providing domestic institutional support.
- Dividend yield of 2.04% supports investor sentiment.
🏭 Industry
- Industry PE at 15.2 is lower than IRCON’s, showing sector trades at more reasonable valuations.
- Infrastructure and railway construction sector remains cyclical, with investor focus on execution and order book strength.
📌 Conclusion
Intraday setup for IRCON is weak with bearish momentum and limited upside. Aggressive traders may attempt entries near 128 – 130 ₹ with stop-loss at 124 ₹, targeting 134 – 138 ₹. Conservative traders should avoid intraday trades until momentum indicators strengthen and price action confirms reversal.
Selva, since IRCON is part of the railway infrastructure space, do you want me to prepare a peer benchmarking overlay comparing it with RVNL, RITES, and IRFC? That would highlight relative strength and sector rotation opportunities for compounding setups.