IGIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | IGIL | Market Cap | 14,695 Cr. | Current Price | 339 ₹ | High / Low | 442 ₹ |
| Stock P/E | 26.8 | Book Value | 58.4 ₹ | Dividend Yield | 0.74 % | ROCE | 30.7 % |
| ROE | 23.2 % | Face Value | 2.00 ₹ | DMA 50 | 325 ₹ | DMA 200 | 348 ₹ |
| Chg in FII Hold | -0.94 % | Chg in DII Hold | 0.29 % | PAT Qtr | 132 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 58.7 | MACD | -0.10 | Volume | 16,87,586 | Avg Vol 1Wk | 11,72,860 |
| Low price | 287 ₹ | High price | 442 ₹ | PEG Ratio | 0.87 | Debt to equity | 0.01 |
| 52w Index | 33.5 % | Qtr Profit Var | 17.8 % | EPS | 12.7 ₹ | Industry PE | 19.4 |
📉 Chart & Trend: IGIL is trading slightly above its 50 DMA (₹325) but below its 200 DMA (₹348), with the current price at ₹339. This indicates short-term strength but medium-term caution.
📊 RSI: At 58.7, RSI is neutral-to-positive, suggesting moderate momentum without being overbought.
📉 MACD: Flat at -0.10, showing indecision and consolidation rather than strong directional bias.
📈 Bollinger Bands: Price is mid-range, reflecting consolidation with potential to test resistance if momentum builds.
📊 Volume: Current volume (16.9 Lakh) is higher than average weekly volume (11.7 Lakh), showing active participation and accumulation interest.
📍 Support & Resistance:
- Strong support: ₹325 (50 DMA)
- Immediate resistance: ₹348 (200 DMA)
- Major resistance: ₹370–₹380
Optimal entry zone: ₹330–₹340 (near support).
Exit zone: ₹360–₹375 (resistance cluster).
🔎 Trend Status: The stock is consolidating with mild bullish bias. A breakout above ₹348–₹350 could trigger a trend reversal towards ₹370+.
Positive
- ROCE (30.7%) and ROE (23.2%) indicate strong capital efficiency.
- Low debt-to-equity (0.01) ensures financial stability.
- PEG ratio of 0.87 suggests reasonable valuation relative to growth.
- Dividend yield of 0.74% provides modest income support.
Limitation
- Trading below 200 DMA signals medium-term weakness.
- MACD flat/negative shows lack of strong momentum.
- P/E of 26.8 is higher than industry PE of 19.4, indicating relative overvaluation.
Company Negative News
- FII holding decreased by -0.94%, showing reduced foreign investor confidence.
- PAT declined slightly to ₹132 Cr from ₹139 Cr, reflecting earnings pressure.
Company Positive News
- DII holding increased by 0.29%, showing domestic institutional support.
- Quarterly profit variation of 17.8% indicates growth momentum.
- EPS at ₹12.7 supports earnings visibility.
Industry
- Industry PE at 19.4 vs IGIL’s PE of 26.8 shows relative premium valuation.
- Sector outlook remains positive with strong demand drivers and efficiency gains.
Conclusion
⚖️ IGIL is consolidating with mild bullish bias near support. Short-term traders may consider entry around ₹330–₹340 with exits near ₹360–₹375. Long-term investors can accumulate gradually given strong fundamentals, but confirmation above ₹348–₹350 is needed for a sustained uptrend.
Would you like me to extend this into a sector basket overlay (IGIL vs peers like Astral, Supreme Industries, Finolex) so you can benchmark IGIL’s setup against competitors for stronger confirmation signals?