IGIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | IGIL | Market Cap | 14,951 Cr. | Current Price | 346 ₹ | High / Low | 442 ₹ |
| Stock P/E | 27.3 | Book Value | 58.4 ₹ | Dividend Yield | 0.72 % | ROCE | 30.7 % |
| ROE | 23.2 % | Face Value | 2.00 ₹ | DMA 50 | 338 ₹ | DMA 200 | 346 ₹ |
| Chg in FII Hold | -1.01 % | Chg in DII Hold | 0.94 % | PAT Qtr | 132 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 50.7 | MACD | 6.62 | Volume | 3,10,719 | Avg Vol 1Wk | 3,06,171 |
| Low price | 287 ₹ | High price | 442 ₹ | PEG Ratio | 0.89 | Debt to equity | 0.01 |
| 52w Index | 37.9 % | Qtr Profit Var | 17.8 % | EPS | 12.7 ₹ | Industry PE | 18.9 |
📊 Chart & Indicators
- Current price (₹346) is at DMA 200 (₹346) and slightly above DMA 50 (₹338), showing neutral-to-positive momentum.
- RSI at 50.7 indicates balanced momentum, neither overbought nor oversold.
- MACD at 6.62 confirms mild bullish crossover.
- Bollinger Bands: price near mid-band, suggesting consolidation with potential upside.
- Volume (3.10 Lakh) in line with average (3.06 Lakh), showing steady participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹338 – ₹348 (near DMA support).
- **Exit Zone:** ₹370 – ₹380 (resistance zone).
- **Stop-Loss:** Below ₹330 (support breakdown risk).
📈 Trend Status
- The stock is **consolidating with mild bullish bias**.
- Sustaining above ₹346 could trigger short-term upward momentum.
- Breakout above ₹370 would confirm trend reversal toward higher levels.
✅ Positive
- Strong ROCE (30.7%) and ROE (23.2%).
- EPS at ₹12.7 with PEG ratio 0.89, showing fair valuation.
- Low debt-to-equity ratio (0.01).
- DII holdings increased (+0.94%), showing domestic confidence.
- Stable volume trend supports price consolidation.
⚠️ Limitation
- Price capped near DMA 200, limiting upside.
- Sequential PAT decline (₹139 Cr. → ₹132 Cr.).
- FII holdings reduced (-1.01%).
- Dividend yield modest at 0.72%.
📉 Company Negative News
- Slight decline in quarterly profits.
- Reduced foreign institutional participation.
📈 Company Positive News
- Strong fundamentals with high ROCE/ROE.
- Domestic institutional inflows.
- Low leverage enhances financial stability.
🏭 Industry
- Industry PE at 18.9 vs IGIL’s 27.3, showing premium valuation.
- Sector momentum remains supportive with steady demand outlook.
🔎 Conclusion
IGIL is in a **consolidation phase with mild bullish signals**. Entry near ₹338–₹348 offers favorable risk-reward with exit targets around ₹370–₹380. Sustaining above DMA 200 could confirm trend reversal. Fundamentally strong, but cautious accumulation is advised due to valuation premium and modest profit decline.
Would you like me to extend this into a swing trade overlay comparing IGIL with peers in the same sector for benchmarking entry/exit opportunities?