IDBI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | IDBI | Market Cap | 1,05,782 Cr. | Current Price | 98.4 ₹ | High / Low | 118 ₹ |
| Stock P/E | 11.0 | Book Value | 64.0 ₹ | Dividend Yield | 2.14 % | ROCE | 6.76 % |
| ROE | 13.6 % | Face Value | 10.0 ₹ | DMA 50 | 100 ₹ | DMA 200 | 94.7 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | 0.01 % | PAT Qtr | 1,935 Cr. | PAT Prev Qtr | 3,627 Cr. |
| RSI | 45.4 | MACD | -0.99 | Volume | 1,61,92,542 | Avg Vol 1Wk | 1,04,10,119 |
| Low price | 66.1 ₹ | High price | 118 ₹ | PEG Ratio | 0.24 | Debt to equity | 4.87 |
| 52w Index | 61.6 % | Qtr Profit Var | 1.42 % | EPS | 8.95 ₹ | Industry PE | 15.8 |
📊 Chart Patterns & Trend: The stock is currently consolidating near the 98–100 ₹ zone. Price is below the 50 DMA (100 ₹) but above the 200 DMA (94.7 ₹), indicating medium-term support but short-term weakness.
📈 Moving Averages: 50 DMA is acting as resistance, while 200 DMA provides support. A decisive move above 100 ₹ would signal momentum strength.
📉 RSI: At 45.4, RSI is neutral to slightly weak, suggesting limited buying strength and potential sideways consolidation.
📉 MACD: Negative (-0.99), showing bearish crossover and short-term weakness.
📊 Bollinger Bands: Price is near the mid-band, suggesting consolidation. A breakout above 102 ₹ could trigger momentum.
📊 Volume Trends: Current volume (1.61 Cr.) is higher than average weekly volume (1.04 Cr.), indicating active participation despite consolidation.
🎯 Entry Zone: 95–97 ₹ (near 200 DMA support).
🎯 Exit Zone: 106–110 ₹ (resistance zone).
🔑 Stop Loss: 92 ₹ (below 200 DMA).
Positive
- Strong ROE at 13.6% compared to industry peers.
- Low PEG ratio (0.24) indicates undervaluation relative to growth.
- Dividend yield of 2.14% adds income stability.
- Price trading above 200 DMA shows medium-term strength.
Limitation
- High debt-to-equity ratio (4.87) raises leverage concerns.
- ROCE at 6.76% is weak, showing limited efficiency.
- Quarterly profit dropped from 3,627 Cr. to 1,935 Cr., indicating earnings volatility.
Company Negative News
- Recent decline in quarterly PAT highlights earnings pressure.
- High leverage could limit future expansion and profitability.
Company Positive News
- Stable FII and DII inflows (minor positive changes in holdings).
- EPS at 8.95 ₹ supports valuation strength.
- Strong 52-week performance (61.6% index gain).
Industry
- Industry PE at 15.8 vs. stock PE at 11.0 shows IDBI is undervalued compared to peers.
- Banking sector remains supported by credit growth and government reforms.
Conclusion
⚖️ IDBI is in a consolidation phase with short-term weakness (MACD negative, RSI neutral). Medium-term outlook remains supported by 200 DMA and undervaluation relative to peers. Entry near 95–97 ₹ offers margin of safety, while breakout above 102 ₹ could trigger momentum toward 110 ₹. Risk management is crucial due to high leverage and earnings volatility.
Would you like me to also prepare a peer benchmarking overlay (comparing IDBI with other PSU banks like SBI, PNB, and Bank of Baroda) so you can see relative strength and sector rotation opportunities?