IRCON - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.9
| Stock Code | IRCON | Market Cap | 14,486 Cr. | Current Price | 154 ₹ | High / Low | 226 ₹ |
| Stock P/E | 22.5 | Book Value | 68.7 ₹ | Dividend Yield | 1.72 % | 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 | 62.4 | MACD | 5.42 | Volume | 25,21,659 | Avg Vol 1Wk | 24,87,967 |
| Low price | 114 ₹ | High price | 226 ₹ | PEG Ratio | 2.54 | Debt to equity | 0.00 |
| 52w Index | 35.4 % | Qtr Profit Var | -35.2 % | EPS | 6.85 ₹ | Industry PE | 19.0 |
Analysis: IRCON is trading at ₹154, above its 50 DMA (₹144) but slightly below the 200 DMA (₹159), indicating mixed momentum. RSI at 62.4 suggests the stock is nearing overbought territory, while MACD at 5.42 shows positive momentum. Valuation is moderately high with a P/E of 22.5 compared to industry average of 19.0. Fundamentals are decent: ROCE at 14.7% and ROE at 11.6% are healthy, and debt-to-equity is 0.00, showing strong financial stability. However, PAT dropped significantly (₹185 Cr → ₹91.2 Cr), and quarterly profit variation (-35.2%) raises concerns. Swing trade potential exists with cautious entry near support levels.
Optimal Entry Price: ₹148–150, near short-term support.
Exit Strategy (if holding): Consider exiting around ₹160–165, aligning with 200 DMA resistance.
✅ Positive
- Strong ROCE (14.7%) and ROE (11.6%).
- Debt-free balance sheet (Debt-to-equity 0.00).
- Dividend yield of 1.72% adds investor appeal.
⚠️ Limitation
- P/E ratio (22.5) higher than industry average (19.0).
- PEG ratio at 2.54 indicates expensive growth valuation.
- RSI at 62.4 suggests nearing overbought zone.
📉 Company Negative News
- PAT declined sharply (₹185 Cr → ₹91.2 Cr).
- Quarterly profit variation shows steep decline (-35.2%).
📈 Company Positive News
- FII holdings increased (+0.24%).
- DII holdings increased (+0.07%).
🏭 Industry
- Industry P/E at 19.0, showing IRCON trades at a premium.
- Infrastructure sector remains cyclical but offers trading opportunities.
🔎 Conclusion
IRCON presents moderate swing trade potential with strong fundamentals and debt-free status. Entry near ₹148–150 may be considered, with exit around ₹160–165. Caution is advised due to declining quarterly profits and elevated valuation.