INDUSTOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | INDUSTOWER | Market Cap | 1,11,933 Cr. | Current Price | 424 ₹ | High / Low | 455 ₹ |
| Stock P/E | 12.0 | Book Value | 137 ₹ | Dividend Yield | 0.00 % | ROCE | 29.0 % |
| ROE | 32.4 % | Face Value | 10.0 ₹ | DMA 50 | 416 ₹ | DMA 200 | 387 ₹ |
| Chg in FII Hold | -0.29 % | Chg in DII Hold | 0.71 % | PAT Qtr | 1,837 Cr. | PAT Prev Qtr | 1,734 Cr. |
| RSI | 49.7 | MACD | 3.35 | Volume | 51,67,207 | Avg Vol 1Wk | 80,25,080 |
| Low price | 313 ₹ | High price | 455 ₹ | PEG Ratio | 0.74 | Debt to equity | 0.58 |
| 52w Index | 78.2 % | Qtr Profit Var | -17.4 % | EPS | 35.4 ₹ | Industry PE | 14.6 |
📊 Chart Patterns & Trend: Indus Towers is consolidating near the 424 ₹ zone. Price is trading above both the 50 DMA (416 ₹) and 200 DMA (387 ₹), indicating medium-term strength. Support is visible near 410–415 ₹, while resistance lies around 445–455 ₹.
📈 Moving Averages: Price trading above both 50 DMA and 200 DMA shows bullish bias. Sustained move above 440–445 ₹ would confirm momentum continuation toward 455 ₹.
📈 RSI: At 49.7, RSI is neutral, suggesting balanced buying and selling pressure.
📈 MACD: Positive (3.35), showing bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. Breakout above 440–445 ₹ could trigger momentum toward 455 ₹.
📊 Volume Trends: Current volume (51.6 lakh) is lower than average weekly volume (80.2 lakh), showing reduced participation but steady accumulation interest.
🎯 Entry Zone: 415–425 ₹ (support zone).
🎯 Exit Zone: 445–455 ₹ (resistance zone).
🔑 Stop Loss: 410 ₹ (below support).
Positive
- Strong ROCE at 29% and ROE at 32.4% indicate excellent efficiency.
- EPS at 35.4 ₹ supports valuation strength.
- PEG ratio at 0.74 highlights undervaluation relative to growth.
- DII holdings increased (+0.71%), showing domestic institutional support.
- Price trading above both 50 DMA and 200 DMA supports medium-term strength.
Limitation
- Dividend yield at 0.00% reduces income attractiveness.
- Quarterly profit variation (-17.4%) reflects earnings pressure.
- Volume participation is weak compared to averages.
Company Negative News
- FII holdings decreased (-0.29%), reflecting reduced foreign investor confidence.
- Stock corrected from 455 ₹ to 424 ₹, showing investor caution.
Company Positive News
- Quarterly PAT improved from 1,734 Cr. to 1,837 Cr., showing operational growth.
- DII inflows (+0.71%) show domestic institutional confidence.
- Strong fundamentals with high ROCE and ROE.
- 52-week performance shows resilience with 78.2% index gain.
Industry
- Industry PE at 14.6 vs. stock PE at 12.0 highlights undervaluation relative to peers.
- Telecom infrastructure sector supported by rising demand for data services and 5G rollout.
Conclusion
⚖️ Indus Towers is in a consolidation phase with bullish signals (MACD positive, price above DMAs). Medium-term outlook remains supported by strong fundamentals, EPS, and DII inflows. Entry near 415–425 ₹ offers margin of safety, while breakout above 445 ₹ could trigger momentum toward 455 ₹. Risk management is essential due to earnings pressure and weak volume participation.
Would you like me to extend this into a peer benchmarking overlay with other telecom infrastructure players (like Bharti Airtel’s tower assets, Reliance Jio’s infrastructure, and GTL Infra) to highlight relative strength and sector rotation opportunities?