INDGN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | INDGN | Market Cap | 12,531 Cr. | Current Price | 520 ₹ | High / Low | 633 ₹ |
| Stock P/E | 59.1 | Book Value | 86.4 ₹ | Dividend Yield | 0.39 % | ROCE | 14.3 % |
| ROE | 10.7 % | Face Value | 2.00 ₹ | DMA 50 | 501 ₹ | DMA 200 | 515 ₹ |
| Chg in FII Hold | -1.21 % | Chg in DII Hold | 0.23 % | PAT Qtr | 72.1 Cr. | PAT Prev Qtr | 34.8 Cr. |
| RSI | 56.1 | MACD | 5.53 | Volume | 1,76,913 | Avg Vol 1Wk | 1,27,241 |
| Low price | 414 ₹ | High price | 633 ₹ | PEG Ratio | 3.35 | Debt to equity | 0.03 |
| 52w Index | 48.4 % | Qtr Profit Var | 33.0 % | EPS | 8.80 ₹ | Industry PE | 39.8 |
📈 INDGN is trading above both its 50 DMA (₹501) and 200 DMA (₹515), reflecting short-term and medium-term strength. RSI at 56.1 indicates healthy momentum, while MACD is positive (5.53), confirming bullish crossover. Bollinger Bands show price mid-range, suggesting potential continuation. Current volume (1.77 lakh) is above average (1.27 lakh), showing strong participation.
🔑 Short-term momentum signals: Bullish, supported by positive MACD and volume surge.
🎯 Entry Zone: ₹500–₹515 (support region)
🚪 Exit Zone: ₹560–₹580 (resistance region)
📊 Trend Status: Trending upward with bullish bias
Positive
- Trading above both 50 DMA and 200 DMA
- RSI above 55 indicates momentum buildup
- MACD positive, confirming bullish crossover
- Quarterly PAT growth (+33%) from ₹34.8 Cr. to ₹72.1 Cr.
- DII holdings increased (+0.23%), showing domestic institutional confidence
- Debt-to-equity ratio at 0.03 highlights strong balance sheet
- 52-week return of 48.4% demonstrates strong investor sentiment
Limitation
- P/E (59.1) significantly higher than industry average (39.8)
- PEG ratio (3.35) indicates valuation stretched relative to growth
- ROE (10.7%) and ROCE (14.3%) remain moderate
- FII holdings decreased (-1.21%), showing reduced foreign investor confidence
- Dividend yield at 0.39% is minimal
Company Negative News
- Valuation concerns with P/E above industry
- Decline in foreign institutional holdings
Company Positive News
- Quarterly PAT doubled, showing strong earnings momentum
- DII holdings increased, signaling domestic support
- Strong technical momentum above DMA levels
Industry
- Industry PE at 39.8 highlights sector trading at lower multiples
- Capital goods/engineering sector supported by infrastructure demand and policy tailwinds
Conclusion
⚖️ INDGN shows strong technical momentum with RSI above 55, positive MACD, and rising volumes. Entry is favorable near ₹500–₹515 with profit booking around ₹560–₹580. Trend remains bullish, supported by earnings growth and sector demand, though valuations are stretched relative to peers.
Would you like me to extend this into a peer benchmarking overlay comparing INDGN against Thermax, Triveni Turbine, and INOX India to highlight relative valuation and momentum positioning?