INOXINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | INOXINDIA | Market Cap | 10,772 Cr. | Current Price | 1,188 ₹ | High / Low | 1,289 ₹ |
| Stock P/E | 43.4 | Book Value | 111 ₹ | Dividend Yield | 0.17 % | ROCE | 37.0 % |
| ROE | 27.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,150 ₹ | DMA 200 | 1,147 ₹ |
| Chg in FII Hold | 0.02 % | Chg in DII Hold | 0.57 % | PAT Qtr | 65.4 Cr. | PAT Prev Qtr | 57.1 Cr. |
| RSI | 57.3 | MACD | 8.02 | Volume | 59,463 | Avg Vol 1Wk | 68,441 |
| Low price | 891 ₹ | High price | 1,289 ₹ | PEG Ratio | 2.17 | Debt to equity | 0.10 |
| 52w Index | 74.5 % | Qtr Profit Var | 25.8 % | EPS | 26.8 ₹ | Industry PE | 23.3 |
📈 Chart & Trend: INOX India is trading at ₹1,188, slightly above its 50 DMA (₹1,150) and 200 DMA (₹1,147), indicating a bullish bias with strong support near moving averages.
📊 RSI: At 57.3, RSI is moderately strong, suggesting healthy momentum without being overbought.
📈 MACD: Positive at 8.02, confirming bullish momentum and potential continuation of the uptrend.
📉 Bollinger Bands: Price is near the upper band, showing strength but also caution for possible short-term pullback.
📊 Volume Trends: Current volume (59k) is slightly below the 1-week average (68k), indicating steady but not aggressive participation.
📌 Momentum Signals: Short-term momentum is positive. Sustaining above ₹1,150–₹1,160 support could trigger further upside.
🎯 Entry Zone: ₹1,150–₹1,170 (support near DMA levels).
🎯 Exit Zone: ₹1,250–₹1,280 (resistance near recent highs).
🔎 Trend Status: The stock is trending upward with strong momentum and bullish confirmation signals.
Positive
- Strong ROCE (37%) and ROE (27.9%) highlight operational efficiency.
- Quarterly profit growth (+25.8%) shows earnings momentum.
- EPS at ₹26.8 supports valuations despite high P/E.
- Low debt-to-equity ratio (0.10) ensures financial stability.
- 52-week index performance at 74.5% indicates strong sectoral outperformance.
Limitation
- High P/E of 43.4 compared to industry PE of 23.3, suggesting premium valuations.
- PEG ratio at 2.17 indicates stretched growth valuation.
- Dividend yield is modest at 0.17%, limiting income support.
Company Negative News
- Premium valuations may limit upside in the near term.
- Volume participation is slightly below average, reducing conviction in breakout moves.
Company Positive News
- Strong quarterly profit growth and consistent earnings momentum.
- FII and DII holdings increased, showing institutional confidence.
- Financially stable with low debt levels.
Industry
- Industry PE at 23.3 is much lower than INOX India’s P/E of 43.4, showing premium valuations.
- Industrial gases and cryogenic equipment sector is witnessing strong demand from energy and infrastructure projects.
Conclusion
✅ INOX India is in a bullish trend with strong technical indicators. While valuations are premium, robust ROCE, ROE, and earnings growth support momentum. Short-term traders may consider entry near ₹1,150–₹1,170 with targets of ₹1,250–₹1,280. Long-term investors can accumulate gradually, given strong fundamentals and sectoral tailwinds.
Selva, since you’re refining basket overlays, I can prepare a peer benchmarking scan with industrial equipment firms (like Thermax, Linde India, Praxair) to compare INOX India’s momentum against sector rotation signals. Would you like me to add that overlay for clearer compounding opportunities?