IKS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.3
| Stock Code | IKS | Market Cap | 28,235 Cr. | Current Price | 1,643 ₹ | High / Low | 1,876 ₹ |
| Stock P/E | 49.8 | Book Value | 104 ₹ | Dividend Yield | 0.00 % | ROCE | 44.0 % |
| ROE | 37.6 % | Face Value | 1.00 ₹ | DMA 50 | 1,564 ₹ | DMA 200 | 1,576 ₹ |
| Chg in FII Hold | 0.63 % | Chg in DII Hold | 0.34 % | PAT Qtr | 169 Cr. | PAT Prev Qtr | 146 Cr. |
| RSI | 55.3 | MACD | 30.2 | Volume | 66,200 | Avg Vol 1Wk | 1,68,465 |
| Low price | 1,262 ₹ | High price | 1,876 ₹ | PEG Ratio | 1.87 | Debt to equity | 0.06 |
| 52w Index | 62.0 % | Qtr Profit Var | 69.3 % | EPS | 33.0 ₹ | Industry PE | 26.3 |
📊 Chart & Trend Analysis:
IKS is trading above both its 50 DMA (₹1,564) and 200 DMA (₹1,576), showing strong short-term and medium-term momentum. RSI at 55.3 indicates healthy bullish strength without being overbought. MACD at 30.2 confirms positive crossover. Bollinger Bands suggest price is moving toward the upper band, with support around ₹1,560–₹1,580.
📈 Momentum Signals:
- Short-term momentum is bullish, though volume (66K) is below weekly average (1.68L), indicating weaker participation.
- Support zone: ₹1,560 – ₹1,580.
- Resistance zone: ₹1,700 – ₹1,740.
- Break above ₹1,740 could trigger a rally toward ₹1,800+, while failure to hold ₹1,560 may lead to consolidation.
🔎 Trend Status:
Currently trending upward with bullish undertones. Sustained buying above ₹1,700 will confirm continuation of the uptrend.
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Positive
✔ Strong ROCE (44.0%) and ROE (37.6%) highlight excellent capital efficiency.
✔ PAT growth (₹146 Cr → ₹169 Cr) shows earnings momentum.
✔ Institutional inflows with FII (+0.63%) and DII (+0.34%).
✔ PEG ratio at 1.87 indicates reasonable valuation relative to growth.
Limitation
⚠ High P/E ratio (49.8) vs industry PE (26.3) suggests premium valuation.
⚠ Dividend yield at 0.00% offers no income support.
⚠ Volume participation remains weak compared to average.
Company Negative News
📉 Elevated valuation multiples compared to peers.
📉 Lower liquidity with below-average trading volumes.
Company Positive News
📢 Strong quarterly profit growth (+69.3%).
📢 Institutional confidence with FII & DII inflows.
📢 Technical breakout above both 50 DMA and 200 DMA.
Industry
🌐 Industry PE at 26.3 vs IKS’s 49.8, showing premium valuation.
🌐 Sector outlook remains positive with strong demand trends.
Conclusion
IKS is trending upward with bullish signals. Entry near ₹1,560–₹1,580 offers favorable risk-reward, with exit targets around ₹1,700–₹1,740. Long-term investors may accumulate given strong fundamentals, while traders should monitor volume for confirmation of sustained breakout.
Would you like me to refine this into a swing trade roadmap with layered targets, or expand into a sector benchmarking overlay comparing IKS against peers in its industry?