INDIAMART - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | INDIAMART | Market Cap | 13,243 Cr. | Current Price | 2,208 ₹ | High / Low | 2,799 ₹ |
| Stock P/E | 19.3 | Book Value | 373 ₹ | Dividend Yield | 1.36 % | ROCE | 37.7 % |
| ROE | 30.0 % | Face Value | 10.0 ₹ | DMA 50 | 2,246 ₹ | DMA 200 | 2,362 ₹ |
| Chg in FII Hold | -3.25 % | Chg in DII Hold | 3.42 % | PAT Qtr | 206 Cr. | PAT Prev Qtr | 83.5 Cr. |
| RSI | 50.1 | MACD | -11.0 | Volume | 34,293 | Avg Vol 1Wk | 69,932 |
| Low price | 1,850 ₹ | High price | 2,799 ₹ | PEG Ratio | 0.77 | Debt to equity | 0.01 |
| 52w Index | 37.8 % | Qtr Profit Var | 65.0 % | EPS | 114 ₹ | Industry PE | 27.6 |
📊 Chart Patterns & Trend: IndiaMart is consolidating near the 2,200 ₹ zone. Price is trading slightly below the 50 DMA (2,246 ₹) and 200 DMA (2,362 ₹), indicating short-term weakness but medium-term support around 2,180–2,200 ₹.
📈 Moving Averages: Both 50 DMA and 200 DMA are acting as resistance. Sustained move above 2,250–2,300 ₹ would confirm bullish momentum.
📉 RSI: At 50.1, RSI is neutral, suggesting balanced buying and selling pressure.
📉 MACD: Negative (-11.0), showing bearish crossover and short-term weakness.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. Breakout above 2,250–2,300 ₹ could trigger momentum toward 2,400 ₹.
📊 Volume Trends: Current volume (34k) is lower than average weekly volume (70k), showing reduced participation and lack of strong buying support.
🎯 Entry Zone: 2,180–2,220 ₹ (support zone).
🎯 Exit Zone: 2,350–2,400 ₹ (resistance zone).
🔑 Stop Loss: 2,150 ₹ (below support).
Positive
- Strong ROCE at 37.7% and ROE at 30.0% indicate excellent efficiency.
- Debt-to-equity ratio at 0.01 shows virtually debt-free balance sheet.
- EPS at 114 ₹ supports valuation strength.
- DII holdings increased (+3.42%), showing strong domestic institutional support.
- Quarterly PAT surged from 83.5 Cr. to 206 Cr. (65% growth).
Limitation
- Price trading below both 50 DMA and 200 DMA confirms short-term weakness.
- FII holdings decreased (-3.25%), reflecting reduced foreign investor confidence.
- Stock P/E at 19.3 is lower than industry PE (27.6), but market sentiment remains cautious.
- Volume participation is weak compared to averages.
Company Negative News
- FII outflows (-3.25%) show declining foreign investor interest.
- Stock corrected from 2,799 ₹ to 2,208 ₹, reflecting investor caution.
Company Positive News
- Quarterly PAT growth highlights strong operational performance.
- DII inflows (+3.42%) show domestic institutional confidence.
- Strong fundamentals with high ROCE and ROE.
- 52-week performance shows resilience with 37.8% index gain.
Industry
- Industry PE at 27.6 vs. stock PE at 19.3 highlights undervaluation relative to peers.
- E-commerce and B2B marketplace sector supported by digital adoption and SME growth.
Conclusion
⚖️ IndiaMart is in a consolidation phase with mild bearish signals (MACD negative, RSI neutral). Medium-term outlook remains supported by strong fundamentals, debt-free balance sheet, and domestic institutional inflows. Entry near 2,180–2,220 ₹ offers margin of safety, while breakout above 2,300 ₹ could trigger momentum toward 2,400 ₹. Risk management is essential due to weak volume participation and FII outflows.
Would you like me to extend this into a peer benchmarking overlay with other digital marketplace and e-commerce players (like JustDial, Info Edge, and Indiamart’s global peers such as Alibaba) to highlight relative strength and sector rotation opportunities?