INDIACEM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | INDIACEM | Market Cap | 13,573 Cr. | Current Price | 438 ₹ | High / Low | 490 ₹ |
| Book Value | 310 ₹ | Dividend Yield | 0.00 % | ROCE | -5.85 % | ROE | -9.32 % |
| Face Value | 10.0 ₹ | DMA 50 | 437 ₹ | DMA 200 | 388 ₹ | Chg in FII Hold | 0.30 % |
| Chg in DII Hold | 0.55 % | PAT Qtr | 2.00 Cr. | PAT Prev Qtr | -6.86 Cr. | RSI | 46.0 |
| MACD | 2.73 | Volume | 4,73,983 | Avg Vol 1Wk | 4,86,623 | Low price | 239 ₹ |
| High price | 490 ₹ | Debt to equity | 0.14 | 52w Index | 79.4 % | Qtr Profit Var | 101 % |
| EPS | -3.29 ₹ | Industry PE | 30.0 |
📊 Chart Patterns & Trend: India Cements is consolidating near the 438 ₹ zone. Price is slightly above the 50 DMA (437 ₹) and well above the 200 DMA (388 ₹), indicating medium-term strength but short-term indecision. Support is visible near 430 ₹, while resistance lies around 460–470 ₹.
📈 Moving Averages: Price is holding above the 200 DMA, showing medium-term bullish bias. Sustained move above 445–450 ₹ would confirm momentum continuation.
📉 RSI: At 46.0, RSI is neutral, suggesting sideways consolidation with balanced buying and selling pressure.
📈 MACD: Positive (2.73), showing bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. Breakout above 455–460 ₹ could trigger momentum toward 480–490 ₹.
📊 Volume Trends: Current volume (4.73 lakh) is slightly below average weekly volume (4.86 lakh), showing steady participation but no strong surge in buying interest.
🎯 Entry Zone: 430–440 ₹ (support zone).
🎯 Exit Zone: 465–480 ₹ (resistance zone).
🔑 Stop Loss: 425 ₹ (below support).
Positive
- Quarterly PAT turned positive (2 Cr.) compared to previous loss (-6.86 Cr.).
- FII holdings increased (+0.30%) and DII holdings increased (+0.55%), showing institutional confidence.
- Price trading above 200 DMA supports medium-term strength.
- Strong 52-week performance with 79.4% index gain.
Limitation
- Negative ROCE (-5.85%) and ROE (-9.32%) highlight weak efficiency.
- EPS at -3.29 ₹ indicates continued losses.
- No dividend yield reduces income attractiveness.
Company Negative News
- Weak return ratios (ROE and ROCE) limit profitability outlook.
- EPS remains negative despite recent profit turnaround.
Company Positive News
- Quarterly profit turnaround shows operational improvement.
- Institutional inflows (FII and DII) reflect investor confidence.
- Strong 52-week performance highlights resilience.
Industry
- Industry PE at 30.0 vs. India Cements’ negative EPS highlights valuation challenges.
- Cement sector supported by infrastructure demand and government spending.
Conclusion
⚖️ India Cements is in a consolidation phase with mild bullish signals (MACD positive, RSI neutral). Medium-term outlook remains supported by institutional inflows and price strength above 200 DMA, but weak fundamentals (negative ROE/ROCE, EPS) limit upside potential. Entry near 430–440 ₹ offers margin of safety, while breakout above 460 ₹ could trigger momentum toward 480–490 ₹. Risk management is essential due to ongoing profitability concerns.
Would you like me to extend this into a peer benchmarking overlay with other cement majors (like Ultratech, Shree Cement, and ACC) to highlight relative strength and sector rotation opportunities?