INDGN - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.3
| 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 |
📊 INDGN shows weak-to-moderate potential for swing trading. The stock is priced at ₹479, below both its 50 DMA (₹507) and 200 DMA (₹544), indicating short-term weakness. Technical indicators (RSI 41.2, MACD negative) suggest bearish momentum. Fundamentals are decent with ROCE 16.6% and ROE 12.6%, but high P/E (59.4) and poor quarterly profit variation (-30.3%) limit attractiveness. Low debt provides stability, but valuation concerns remain.
💡 Optimal Entry Price: Around ₹465–470 (near support zone).
📈 Exit Strategy: If already holding, consider exiting near ₹510–520 resistance levels, or maintain a stop-loss around ₹455.
✅ Positive
- ROCE of 16.6% and ROE of 12.6% show decent efficiency.
- Debt-to-equity ratio of 0.03 indicates negligible leverage risk.
- DII holdings increased (+1.11%), showing domestic institutional support.
- EPS of ₹8.08 reflects consistent earnings generation.
⚠️ Limitation
- P/E of 59.4 is high compared to industry average of 78.8, suggesting expensive valuation.
- PEG ratio of 5.70 indicates poor growth-adjusted valuation.
- Stock trading below both 50 DMA and 200 DMA signals weakness.
- Volume (2.95 lakh) is below weekly average, showing reduced participation.
📉 Company Negative News
- Quarterly PAT declined from ₹59.9 Cr. to ₹34.8 Cr. (-30.3%).
- MACD at -9.07 shows bearish crossover momentum.
- Stock trading far below 52-week high (₹640), limiting bullish sentiment.
📈 Company Positive News
- DII inflows (+1.11%) reflect domestic institutional confidence.
- FII holdings increased slightly (+0.18%), showing marginal foreign support.
- Low debt-to-equity ratio provides financial stability.
🏦 Industry
- Industry P/E at 78.8 is higher than INDGN’s 59.4, suggesting relative undervaluation but still expensive.
- Sector benefits from growth opportunities, but volatility remains high.
🔎 Conclusion
INDGN earns a swing trade rating of 3.3. Entry near ₹465–470 offers a safer risk-reward setup, while profit booking should be considered near ₹510–520. Traders should remain cautious due to weak technicals, high valuation, and declining profits, though low debt and institutional support provide limited upside opportunities.