IKS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | IKS | Market Cap | 28,405 Cr. | Current Price | 1,655 ₹ | High / Low | 1,876 ₹ |
| Stock P/E | 57.1 | Book Value | 86.2 ₹ | Dividend Yield | 0.00 % | ROCE | 35.0 % |
| ROE | 32.3 % | Face Value | 1.00 ₹ | DMA 50 | 1,474 ₹ | DMA 200 | 1,561 ₹ |
| Chg in FII Hold | 0.63 % | Chg in DII Hold | 0.34 % | PAT Qtr | 146 Cr. | PAT Prev Qtr | 138 Cr. |
| RSI | 72.3 | MACD | 36.7 | Volume | 13,79,367 | Avg Vol 1Wk | 7,64,435 |
| Low price | 1,262 ₹ | High price | 1,876 ₹ | PEG Ratio | 3.29 | Debt to equity | 0.07 |
| 52w Index | 64.0 % | Qtr Profit Var | 76.7 % | EPS | 29.0 ₹ | Industry PE | 26.0 |
📊 Chart & Indicators
- Current price (₹1,655) is above DMA 50 (₹1,474) and DMA 200 (₹1,561), showing strong bullish momentum.
- RSI at 72.3 indicates overbought conditions, caution for near-term pullback.
- MACD at 36.7 confirms strong positive momentum.
- Bollinger Bands: price near upper band, suggesting stretched valuations.
- Volume (13.8 Lakh) well above average (7.6 Lakh), showing strong participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹1,580 – ₹1,620 (pullback zone near support).
- **Exit Zone:** ₹1,750 – ₹1,800 (resistance near recent highs).
- **Stop-Loss:** Below ₹1,540 (DMA 200 breakdown risk).
📈 Trend Status
- The stock is in a **strong uptrend** but showing signs of overbought momentum.
- Short-term consolidation or minor correction possible before next leg higher.
✅ Positive
- Strong ROE (32.3%) and ROCE (35.0%).
- EPS at ₹29 with consistent profit growth.
- Low debt-to-equity ratio (0.07).
- Institutional inflows: FII (+0.63%) and DII (+0.34%).
- PAT growth from ₹138 Cr. to ₹146 Cr. sequentially.
⚠️ Limitation
- High P/E (57.1) and PEG ratio (3.29) indicate overvaluation.
- RSI above 70 signals overbought conditions.
- Dividend yield at 0.00%, limiting income appeal.
- Price near upper Bollinger Band, risk of short-term correction.
📉 Company Negative News
- Valuation concerns with high P/E and PEG ratio.
- Overbought technical indicators may trigger profit booking.
📈 Company Positive News
- Strong quarterly profit growth (+76.7%).
- Increased institutional holdings.
- Trading above both DMA 50 and DMA 200, confirming bullish trend.
🏭 Industry
- Industry PE at 26.0 vs IKS’s 57.1, showing premium valuation.
- Sector outlook remains positive, but valuations are stretched compared to peers.
🔎 Conclusion
IKS is in a **strong bullish trend** supported by fundamentals and institutional inflows. Entry is favorable on pullbacks near ₹1,580–₹1,620 with exit targets around ₹1,750–₹1,800. Overvaluation and overbought RSI suggest caution, making disciplined stop-loss essential for traders.
Would you like me to also prepare a sector overlay comparing IKS with peers in the same industry to highlight relative valuation and momentum strength?