INDGN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | INDGN | Market Cap | 12,039 Cr. | Current Price | 500 ₹ | High / Low | 633 ₹ |
| Stock P/E | 56.8 | Book Value | 86.4 ₹ | Dividend Yield | 0.40 % | ROCE | 14.3 % |
| ROE | 10.7 % | Face Value | 2.00 ₹ | DMA 50 | 481 ₹ | DMA 200 | 514 ₹ |
| Chg in FII Hold | -1.21 % | Chg in DII Hold | 0.23 % | PAT Qtr | 72.1 Cr. | PAT Prev Qtr | 34.8 Cr. |
| RSI | 59.6 | MACD | 8.75 | Volume | 5,87,375 | Avg Vol 1Wk | 3,19,567 |
| Low price | 414 ₹ | High price | 633 ₹ | PEG Ratio | 3.22 | Debt to equity | 0.03 |
| 52w Index | 39.2 % | Qtr Profit Var | 33.0 % | EPS | 8.80 ₹ | Industry PE | 39.6 |
📈 INDGN is trading above its 50 DMA (₹481) but below the 200 DMA (₹514), showing short-term strength but medium-term resistance. RSI at 59.6 indicates healthy momentum, while MACD at 8.75 confirms bullish crossover. Bollinger Bands show price leaning toward the upper band, reflecting buying interest. Current volume (5.87 lakh) is significantly above average (3.19 lakh), indicating strong participation.
🔑 Short-term momentum signals: Bullish bias, with potential continuation if price sustains above ₹500–₹505.
🎯 Entry Zone: ₹490–₹500 (support region)
🚪 Exit Zone: ₹525–₹540 (resistance region)
📊 Trend Status: Consolidating with bullish tilt
Positive
- Trading above 50 DMA supports short-term strength
- Quarterly PAT growth (+33%) shows earnings momentum
- Low debt-to-equity ratio (0.03) indicates strong balance sheet
- EPS at ₹8.80 supports valuation
- Strong 52-week return of 39.2%
Limitation
- P/E (56.8) higher than industry average (39.6)
- PEG ratio at 3.22 indicates stretched growth valuation
- Price still below 200 DMA (₹514), showing medium-term weakness
- ROE (10.7%) and ROCE (14.3%) modest compared to peers
Company Negative News
- Decline in foreign institutional holdings (-1.21%)
- Valuation premium compared to industry peers
Company Positive News
- Quarterly PAT improved from ₹34.8 Cr. to ₹72.1 Cr.
- DII holdings increased (+0.23%), showing domestic support
- Strong volume participation above weekly average
Industry
- Industry PE at 39.6 highlights sector trading at premium valuations
- Specialty chemicals sector benefiting from export demand and domestic industrial growth
Conclusion
⚖️ INDGN shows bullish technical signals with RSI near 60, positive MACD, and strong volume. Entry near ₹490–₹500 offers favorable risk-reward, with profit booking around ₹525–₹540. Trend remains consolidative with bullish tilt, requiring breakout above 200 DMA (₹514) for stronger upside momentum.
Would you like me to extend this into a peer benchmarking overlay (comparing INDGN against Aarti Industries, PI Industries, and Deepak Nitrite) to highlight sector-relative strength and valuation positioning?