IGIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | IGIL | Market Cap | 13,356 Cr. | Current Price | 310 ₹ | High / Low | 542 ₹ |
| Stock P/E | 24.4 | Book Value | 58.4 ₹ | Dividend Yield | 0.81 % | ROCE | 30.7 % |
| ROE | 23.2 % | Face Value | 2.00 ₹ | DMA 50 | 320 ₹ | DMA 200 | 356 ₹ |
| Chg in FII Hold | -0.94 % | Chg in DII Hold | 0.29 % | PAT Qtr | 132 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 47.0 | MACD | -3.95 | Volume | 2,76,679 | Avg Vol 1Wk | 23,65,110 |
| Low price | 282 ₹ | High price | 542 ₹ | PEG Ratio | 0.79 | Debt to equity | 0.01 |
| 52w Index | 10.6 % | Qtr Profit Var | 17.8 % | EPS | 12.7 ₹ | Industry PE | 21.5 |
📉 Chart & Trend Analysis: IGIL is trading at ₹310, slightly below its 50 DMA (₹320) and 200 DMA (₹356), signaling mild weakness. RSI at 47.0 suggests neutral momentum, neither overbought nor oversold. MACD at -3.95 indicates bearish undertone. Bollinger Bands show price near mid-to-lower band, suggesting consolidation with downside bias. Current volume (2.8L) is far below the 1-week average (23.6L), reflecting weak participation.
🔑 Momentum Signals: Short-term momentum is mildly bearish with immediate support at ₹282 (recent low) and resistance at ₹320–₹330 (DMA50 zone). Optimal entry zone: ₹290–₹305 for risk-managed traders. Exit zone: ₹320–₹330 if recovery occurs. Trend status: Consolidating with bearish bias.
Positive ✅
- Strong ROCE (30.7%) and ROE (23.2%) highlight efficient capital use.
- Low debt-to-equity (0.01) ensures financial stability.
- PEG ratio of 0.79 indicates attractive valuation relative to growth.
- Dividend yield of 0.81% adds modest investor appeal.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA, signaling weak technical strength.
- Volume trend significantly weaker than average, showing lack of strong buying support.
- PAT declined slightly (₹132 Cr vs ₹139 Cr), showing earnings pressure.
Company Negative News 📉
- FII holding decreased (-0.94%), reflecting reduced foreign investor confidence.
- Stock has fallen sharply from 52-week high of ₹542 to ₹310, eroding sentiment.
Company Positive News 📊
- DII holding increased (+0.29%), showing domestic institutional support.
- Quarterly profit variation of 17.8% indicates operational resilience despite slight PAT decline.
- EPS of ₹12.7 reflects consistent earnings base.
Industry 🌐
- Industry PE at 21.5 is slightly lower than IGIL’s PE of 24.4, suggesting modest premium valuation.
- Sector outlook remains stable with demand-driven growth opportunities.
Conclusion 📝
IGIL is currently consolidating with a bearish bias, trading below key moving averages and showing weak volume trends. Fundamentals remain strong with high ROCE/ROE and low debt, but technicals suggest caution. Risk-tolerant traders may consider entries near ₹290–₹305 with exits around ₹320–₹330, while long-term investors may hold for fundamental strength and await confirmation of trend reversal above the 200 DMA.
Would you like me to also prepare a peer benchmarking overlay comparing IGIL with sector peers (like Astral, Finolex, or Supreme Industries) to highlight relative strength and valuation?