IGL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | IGL | Market Cap | 23,243 Cr. | Current Price | 166 ₹ | High / Low | 229 ₹ |
| Stock P/E | 16.2 | Book Value | 70.0 ₹ | Dividend Yield | 2.56 % | ROCE | 20.8 % |
| ROE | 15.7 % | Face Value | 2.00 ₹ | DMA 50 | 164 ₹ | DMA 200 | 184 ₹ |
| Chg in FII Hold | 0.08 % | Chg in DII Hold | -0.92 % | PAT Qtr | 359 Cr. | PAT Prev Qtr | 373 Cr. |
| RSI | 56.6 | MACD | 2.35 | Volume | 10,93,706 | Avg Vol 1Wk | 51,18,820 |
| Low price | 142 ₹ | High price | 229 ₹ | PEG Ratio | 4.80 | Debt to equity | 0.01 |
| 52w Index | 27.9 % | Qtr Profit Var | 25.4 % | EPS | 10.3 ₹ | Industry PE | 21.5 |
📈 IGL is trading above its 50 DMA (₹164) but below the 200 DMA (₹184), showing short-term strength but medium-term resistance. RSI at 56.6 indicates mild bullish momentum, while MACD at 2.35 confirms positive crossover. Bollinger Bands show price leaning toward the upper band, reflecting buying interest. Current volume (10.9 lakh) is significantly below average (51.1 lakh), highlighting reduced participation despite price strength.
🔑 Short-term momentum signals: Bullish bias, but sustainability depends on reclaiming ₹170–₹175 zone.
🎯 Entry Zone: ₹162–₹166 (support region)
🚪 Exit Zone: ₹175–₹182 (resistance region)
📊 Trend Status: Consolidating with bullish tilt
Positive
- Trading above 50 DMA supports short-term strength
- Strong ROCE (20.8%) and ROE (15.7%) highlight efficiency
- Dividend yield of 2.56% provides steady income
- Debt-to-equity ratio at 0.01 indicates virtually debt-free balance sheet
- EPS at ₹10.3 supports valuation
Limitation
- Price trading below 200 DMA (₹184), showing medium-term weakness
- Quarterly PAT declined (₹373 Cr. → ₹359 Cr.)
- PEG ratio at 4.80 indicates stretched growth valuation
- DII holdings decreased (-0.92%), showing reduced domestic support
- Volume below average, limiting breakout potential
Company Negative News
- Quarterly PAT decline highlights earnings pressure
- Reduced domestic institutional holdings (-0.92%)
Company Positive News
- FII holdings increased (+0.08%)
- Strong fundamentals with high ROE and ROCE
- Debt-free structure supports financial stability
Industry
- Industry PE at 21.5 highlights sector trading at fair multiples
- City gas distribution sector supported by government initiatives and rising demand for clean energy
Conclusion
⚖️ IGL shows bullish technical signals with RSI above 55 and positive MACD, supported by strong fundamentals and debt-free balance sheet. Entry near ₹162–₹166 offers favorable risk-reward, with profit booking around ₹175–₹182. Trend remains consolidative with bullish tilt, requiring breakout above 200 DMA (₹184) for sustained upside momentum.
Would you like me to extend this into a gas distribution sector overlay comparing IGL against MGL, Gujarat Gas, and Adani Total Gas to highlight sector-relative strength and valuation positioning?