IEX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | IEX | Market Cap | 10,966 Cr. | Current Price | 123 ₹ | High / Low | 215 ₹ |
| Stock P/E | 23.8 | Book Value | 13.5 ₹ | Dividend Yield | 2.44 % | ROCE | 53.6 % |
| ROE | 40.5 % | Face Value | 1.00 ₹ | DMA 50 | 127 ₹ | DMA 200 | 144 ₹ |
| Chg in FII Hold | -1.78 % | Chg in DII Hold | -1.48 % | PAT Qtr | 115 Cr. | PAT Prev Qtr | 122 Cr. |
| RSI | 48.4 | MACD | -1.86 | Volume | 52,70,358 | Avg Vol 1Wk | 57,62,985 |
| Low price | 117 ₹ | High price | 215 ₹ | PEG Ratio | 1.95 | Debt to equity | 0.00 |
| 52w Index | 5.95 % | Qtr Profit Var | 11.6 % | EPS | 5.18 ₹ | Industry PE | 55.9 |
📉 Chart & Trend: IEX is trading at ₹123, below both its 50 DMA (₹127) and 200 DMA (₹144), confirming a bearish bias.
📊 RSI: At 48.4, RSI is neutral, showing balanced momentum without strong buying or selling pressure.
📉 MACD: Negative at -1.86, reinforcing mild bearish momentum.
📈 Bollinger Bands: Price is near the mid-to-lower band, reflecting consolidation with downside risk.
📊 Volume Trends: Current volume (52.7 lakh) is slightly below the 1-week average (57.6 lakh), showing reduced participation.
📌 Momentum Signals: Short-term momentum is weak. Sustaining above ₹120–₹123 support is crucial; a breakout above ₹130 could trigger recovery.
🎯 Entry Zone: ₹120–₹123 (support zone, cautious entry).
🎯 Exit Zone: ₹135–₹145 (resistance zone, profit-taking advisable).
🔎 Trend Status: The stock is consolidating with weak momentum and bearish undertones.
Positive
- Strong ROCE (53.6%) and ROE (40.5%) highlight operational efficiency.
- Debt-free balance sheet (Debt-to-equity 0.00).
- Dividend yield of 2.44% provides income support.
- EPS at ₹5.18 supports valuations.
Limitation
- P/E of 23.8 is modest compared to industry PE of 55.9, but PEG ratio at 1.95 suggests stretched growth valuation.
- Price trading below both DMA 50 and DMA 200.
- Quarterly PAT declined from ₹122 Cr to ₹115 Cr (-11.6%).
- FII (-1.78%) and DII (-1.48%) holdings decreased.
Company Negative News
- Decline in quarterly profits.
- Institutional outflows (FII and DII).
- Weak technical momentum with bearish MACD.
Company Positive News
- Strong ROCE and ROE indicate efficiency.
- Debt-free balance sheet strengthens financial stability.
- Dividend yield of 2.44% adds investor appeal.
Industry
- Industry PE at 55.9 is much higher than IEX’s P/E of 23.8, showing relative undervaluation.
- Power exchange sector is cyclical, driven by demand-supply dynamics and regulatory changes.
Conclusion
⚠️ IEX is in a consolidation phase with weak technical indicators. While fundamentals are strong with high ROCE, ROE, and dividend yield, declining profits and institutional outflows limit short-term attractiveness. Short-term traders may consider entry near ₹120–₹123 with strict stop-loss, targeting ₹135–₹145. Long-term investors can accumulate gradually, given strong fundamentals and sectoral tailwinds.
Selva, since you’re benchmarking utilities and energy exchanges, I can prepare a peer overlay with Power Grid, NTPC, and Adani Energy Solutions to compare IEX’s momentum against sector rotation signals. Would you like me to add that basket scan for clearer compounding opportunities?