IGIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | IGIL | Market Cap | 15,960 Cr. | Current Price | 369 ₹ | High / Low | 442 ₹ |
| Stock P/E | 27.4 | Book Value | 60.0 ₹ | Dividend Yield | 0.68 % | ROCE | 30.7 % |
| ROE | 23.2 % | Face Value | 2.00 ₹ | DMA 50 | 345 ₹ | DMA 200 | 347 ₹ |
| Chg in FII Hold | -1.01 % | Chg in DII Hold | 0.94 % | PAT Qtr | 174 Cr. | PAT Prev Qtr | 132 Cr. |
| RSI | 58.4 | MACD | 7.07 | Volume | 4,25,746 | Avg Vol 1Wk | 17,85,155 |
| Low price | 287 ₹ | High price | 442 ₹ | PEG Ratio | 0.89 | Debt to equity | 0.01 |
| 52w Index | 53.0 % | Qtr Profit Var | 25.2 % | EPS | 13.5 ₹ | Industry PE | 19.5 |
📊 Chart & Trend Analysis:
IGIL is trading above both its 50 DMA (₹345) and 200 DMA (₹347), showing short-term strength. RSI at 58.4 indicates mild bullish momentum. MACD at 7.07 confirms positive crossover. Bollinger Bands suggest price is moving toward the upper band, with support around ₹345–₹347.
📈 Momentum Signals:
- Short-term momentum is positive, though volume (4.25L) is below weekly average (17.85L), indicating weaker participation.
- Support zone: ₹345 – ₹355.
- Resistance zone: ₹385 – ₹400.
- Break above ₹400 could trigger a strong rally; failure to hold ₹345 may lead to consolidation.
🔎 Trend Status:
Currently trending upward with bullish undertones. Sustained buying above ₹370–₹380 will confirm continuation of the uptrend.
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Positive
✔ Strong ROCE (30.7%) and ROE (23.2%) highlight efficient capital use.
✔ PEG ratio at 0.89 indicates fair valuation relative to growth.
✔ PAT growth (₹132 Cr → ₹174 Cr) shows earnings momentum.
✔ Low debt-to-equity ratio (0.01) ensures financial stability.
Limitation
⚠ Volume participation remains weak compared to average.
⚠ FII holdings declined (-1.01%), showing reduced foreign investor interest.
⚠ Dividend yield modest at 0.68%.
Company Negative News
📉 Reduced foreign institutional participation.
📉 Lower liquidity compared to sector peers.
Company Positive News
📢 Strong quarterly profit growth.
📢 Domestic institutional inflows (+0.94%).
📢 Fundamentally robust with high ROCE/ROE.
Industry
🌐 Industry PE at 19.5 vs IGIL’s 27.4, showing premium valuation.
🌐 Sector momentum remains supportive with steady demand outlook.
Conclusion
IGIL is trending upward with bullish signals. Entry near ₹345–₹355 offers favorable risk-reward, with exit targets around ₹385–₹400. Long-term investors may accumulate given strong fundamentals, while traders should monitor volume for confirmation of sustained breakout.
Would you like me to extend this into a swing trade overlay with layered targets, or a peer benchmarking analysis comparing IGIL against sector competitors?