INDGN - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.8
| Stock Code | INDGN | Market Cap | 12,853 Cr. | Current Price | 533 ₹ | High / Low | 633 ₹ |
| Stock P/E | 60.7 | Book Value | 86.4 ₹ | Dividend Yield | 0.37 % | ROCE | 14.3 % |
| ROE | 10.7 % | Face Value | 2.00 ₹ | DMA 50 | 483 ₹ | DMA 200 | 514 ₹ |
| Chg in FII Hold | -1.21 % | Chg in DII Hold | 0.23 % | PAT Qtr | 72.1 Cr. | PAT Prev Qtr | 34.8 Cr. |
| RSI | 70.6 | MACD | 11.4 | Volume | 13,37,459 | Avg Vol 1Wk | 6,13,593 |
| Low price | 414 ₹ | High price | 633 ₹ | PEG Ratio | 3.44 | Debt to equity | 0.03 |
| 52w Index | 54.5 % | Qtr Profit Var | 33.0 % | EPS | 8.80 ₹ | Industry PE | 41.1 |
INDGN shows strong fundamentals with positive ROE (10.7%) and ROCE (14.3%), low debt-to-equity (0.03), and consistent profit growth. Technical indicators like RSI (70.6) and MACD (11.4) suggest strong bullish momentum, though RSI indicates the stock may be nearing overbought levels. The price is trading above both 50 DMA (483 ₹) and 200 DMA (514 ₹), confirming upward strength. However, the high P/E (60.7 vs industry 41.1) and PEG ratio (3.44) suggest the stock is expensive relative to earnings growth.
✅ Optimal Entry Price: Around 500–515 ₹ (near DMA support)
📤 Exit Strategy if Holding: Exit near 600–620 ₹ resistance zone, or if price falls below 500 ₹ support.
🌟 Positive
- Strong ROE (10.7%) and ROCE (14.3%).
- Quarterly PAT improved significantly (72.1 Cr vs 34.8 Cr).
- Low debt-to-equity ratio (0.03), indicating financial stability.
- Price above DMA 50 and DMA 200, showing bullish trend.
⚠️ Limitation
- High P/E (60.7) compared to industry average (41.1).
- PEG ratio of 3.44 suggests overvaluation relative to growth.
- RSI at 70.6 indicates overbought territory.
📰 Company Negative News
- FII holdings decreased (-1.21%), showing reduced foreign investor confidence.
📈 Company Positive News
- Quarterly profits more than doubled compared to previous quarter.
- DII holdings increased (+0.23%), showing domestic institutional support.
- Strong trading volume indicates high market interest.
🏭 Industry
- Industry PE is 41.1, lower than INDGN’s 60.7, suggesting sector peers are cheaper.
- Sector momentum remains strong, supporting bullish sentiment.
✅ Conclusion
INDGN is a fundamentally strong candidate for swing trading with improving profits, low debt, and strong technical momentum. However, valuation concerns (high P/E and PEG ratio) and overbought RSI suggest caution. Optimal entry is near 500–515 ₹, with exit around 600–620 ₹. Traders should manage risk carefully due to potential correction from overvaluation.