IRCON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | IRCON | Market Cap | 14,932 Cr. | Current Price | 159 ₹ | High / Low | 226 ₹ |
| Stock P/E | 23.2 | Book Value | 68.7 ₹ | Dividend Yield | 1.67 % | ROCE | 14.7 % |
| ROE | 11.6 % | Face Value | 2.00 ₹ | DMA 50 | 144 ₹ | DMA 200 | 159 ₹ |
| Chg in FII Hold | 0.24 % | Chg in DII Hold | 0.07 % | PAT Qtr | 91.2 Cr. | PAT Prev Qtr | 185 Cr. |
| RSI | 66.6 | MACD | 5.72 | Volume | 1,62,98,797 | Avg Vol 1Wk | 60,34,855 |
| Low price | 114 ₹ | High price | 226 ₹ | PEG Ratio | 2.62 | Debt to equity | 0.00 |
| 52w Index | 39.9 % | Qtr Profit Var | -35.2 % | EPS | 6.85 ₹ | Industry PE | 18.6 |
📊 IRCON shows strong potential for intraday trading today. RSI at 66.6 indicates bullish momentum, while MACD (5.72) is positive, confirming upward strength. Current price (159 ₹) is equal to the 200 DMA and above the 50 DMA (144 ₹), suggesting trend support. Volume is significantly higher than the weekly average, adding to intraday trading confidence.
💡 Optimal Buy Price: 157–159 ₹ (near support)
🎯 Profit-Taking Exit Levels: 164 ₹ (first resistance), 170 ₹ (secondary resistance)
🛑 Stop-Loss: 154 ₹ (below support)
⏱ If already holding intraday: Exit near 164–168 ₹ if momentum slows, or cut losses below 154 ₹.
Positive
- Strong ROCE (14.7%) and ROE (11.6%)
- Dividend yield of 1.67% adds stability
- Price trading above 50 DMA and supported by 200 DMA
- Debt-to-equity ratio at 0.00 shows financial strength
Limitation
- P/E (23.2) higher than industry average (18.6)
- Quarterly PAT dropped from 185 Cr. to 91.2 Cr.
- PEG ratio of 2.62 suggests expensive valuation relative to growth
Company Negative News
- No fresh negative news, but recent profit decline (-35.2% variation) raises concerns.
Company Positive News
- Increase in FII (+0.24%) and DII (+0.07%) holdings shows investor confidence
- Strong long-term trend supported by high 52-week index (39.9%)
Industry
- Industry PE at 18.6, lower than IRCON’s valuation
- Infrastructure sector remains supported by government projects and demand
Conclusion
✅ IRCON is a good candidate for intraday trading today with strong bullish indicators (positive MACD, high RSI, above DMA levels, strong volume). Traders can look for short-term gains near resistance zones, but should remain cautious of profit decline and relatively high valuation. Strict stop-loss discipline is advised to protect against volatility.