IEX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | IEX | Market Cap | 11,273 Cr. | Current Price | 126 ₹ | High / Low | 215 ₹ |
| Stock P/E | 23.8 | Book Value | 14.6 ₹ | Dividend Yield | 2.77 % | ROCE | 51.8 % |
| ROE | 39.4 % | Face Value | 1.00 ₹ | DMA 50 | 127 ₹ | DMA 200 | 138 ₹ |
| Chg in FII Hold | 2.74 % | Chg in DII Hold | -4.69 % | PAT Qtr | 124 Cr. | PAT Prev Qtr | 115 Cr. |
| RSI | 48.9 | MACD | 0.01 | Volume | 41,27,014 | Avg Vol 1Wk | 35,42,672 |
| Low price | 114 ₹ | High price | 215 ₹ | PEG Ratio | 1.21 | Debt to equity | 0.01 |
| 52w Index | 11.7 % | Qtr Profit Var | 10.7 % | EPS | 5.31 ₹ | Industry PE | 60.5 |
📉 IEX is trading near its 50 DMA (₹127) but below the 200 DMA (₹138), reflecting short-term neutrality with medium-term weakness. RSI at 48.9 indicates neutral-to-bearish momentum, while MACD is flat (0.01), showing indecision. Bollinger Bands place price mid-range, suggesting consolidation. Current volume (41.3 lakh) is above average (35.4 lakh), showing healthy participation.
🔑 Short-term momentum signals: Neutral, with potential upside if price sustains above ₹130–₹135 zone.
🎯 Entry Zone: ₹120–₹125 (support region)
🚪 Exit Zone: ₹140–₹150 (resistance region)
📊 Trend Status: Consolidating with mild bullish bias
Positive
- Strong ROE (39.4%) and ROCE (51.8%) highlight efficiency
- Dividend yield of 2.77% provides steady income
- Debt-to-equity ratio at 0.01 ensures balance sheet strength
- Quarterly PAT growth (+10.7%) shows earnings resilience
- FII holdings increased (+2.74%), showing foreign investor confidence
Limitation
- Price below 200 DMA, limiting breakout confirmation
- RSI below 50 indicates weak momentum
- MACD flat, showing lack of strong trend
- DII holdings decreased (-4.69%), showing reduced domestic support
- 52-week return only 11.7%, lagging sector peers
Company Negative News
- DII holdings reduced significantly (-4.69%)
- Price trading below long-term averages
Company Positive News
- Quarterly PAT improved from ₹115 Cr. to ₹124 Cr.
- FII inflows (+2.74%) support investor confidence
- Dividend yield at 2.77% adds income cushion
Industry
- Industry PE at 60.5 highlights sector trading at premium valuations
- Power exchange sector supported by rising electricity demand and market reforms
Conclusion
⚖️ IEX shows neutral technical momentum with RSI near 50 and flat MACD. Entry is favorable near ₹120–₹125 with profit booking around ₹140–₹150. Trend remains consolidative with mild bullish bias unless price sustains above 200 DMA (₹138). Fundamentals remain strong with high ROE/ROCE and dividend yield, but weak technicals limit near-term upside.
Would you like me to extend this into a power sector overlay comparing IEX’s technicals and valuations against peers like Power Grid, NTPC, and Adani Energy Solutions to highlight sector-relative positioning?