IGL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | IGL | Market Cap | 23,073 Cr. | Current Price | 165 ₹ | High / Low | 229 ₹ |
| Stock P/E | 16.9 | Book Value | 71.3 ₹ | Dividend Yield | 2.58 % | ROCE | 18.8 % |
| ROE | 14.2 % | Face Value | 2.00 ₹ | DMA 50 | 162 ₹ | DMA 200 | 180 ₹ |
| Chg in FII Hold | 0.08 % | Chg in DII Hold | -0.92 % | PAT Qtr | 277 Cr. | PAT Prev Qtr | 359 Cr. |
| RSI | 56.0 | MACD | -0.43 | Volume | 17,79,228 | Avg Vol 1Wk | 71,43,935 |
| Low price | 142 ₹ | High price | 229 ₹ | PEG Ratio | -19.4 | Debt to equity | 0.01 |
| 52w Index | 26.4 % | Qtr Profit Var | -20.7 % | EPS | 9.74 ₹ | Industry PE | 20.8 |
📉 IGL is trading above its 50 DMA (₹162) but below the 200 DMA (₹180), reflecting short-term strength with medium-term weakness. RSI at 56.0 indicates mild bullish momentum, while MACD is slightly negative (-0.43), showing indecision. Bollinger Bands place price mid-range, suggesting consolidation. Current volume (17.8 lakh) is significantly below average (71.4 lakh), showing weak participation.
🔑 Short-term momentum signals: Neutral-to-positive, with potential upside if price sustains above ₹170–₹175 zone.
🎯 Entry Zone: ₹160–₹165 (support region)
🚪 Exit Zone: ₹175–₹185 (resistance region)
📊 Trend Status: Consolidating with mild bullish bias
Positive
- Trading above 50 DMA supports near-term strength
- RSI above 55 indicates momentum buildup
- Debt-to-equity ratio at 0.01 highlights strong balance sheet
- Dividend yield of 2.58% provides steady income
- Book value at ₹71.3 supports valuation floor
- FII holdings increased (+0.08%), showing foreign investor confidence
Limitation
- Trading below 200 DMA, limiting breakout confirmation
- MACD negative, showing weak momentum
- Quarterly PAT declined (₹359 Cr. → ₹277 Cr.)
- DII holdings decreased (-0.92%), showing reduced domestic support
- PEG ratio (-19.4) indicates valuation concerns
- Volume below average, limiting breakout potential
Company Negative News
- Quarterly profit variation (-20.7%) highlights earnings pressure
- DII outflows (-0.92%)
- Price struggling to sustain above long-term averages
Company Positive News
- FII inflows (+0.08%) support investor confidence
- Dividend yield of 2.58% adds income cushion
- Strong balance sheet with minimal debt
Industry
- Industry PE at 20.8 highlights sector trading at premium multiples
- City gas distribution sector supported by rising demand and government clean energy initiatives
Conclusion
⚖️ IGL shows neutral-to-positive technical momentum with RSI above 55 but negative MACD. Entry is favorable near ₹160–₹165 with profit booking around ₹175–₹185. Trend remains consolidative with mild bullish bias unless price sustains above 200 DMA (₹180). Fundamentals remain stable with strong balance sheet and dividend yield, though declining PAT and weak volume limit near-term upside.
Would you like me to extend this into a gas distribution sector overlay comparing IGL against peers like MGL, Gujarat Gas, and Adani Total Gas to highlight sector-relative positioning?