INOXINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | INOXINDIA | Market Cap | 9,998 Cr. | Current Price | 1,100 ₹ | High / Low | 1,289 ₹ |
| Stock P/E | 42.6 | Book Value | 111 ₹ | Dividend Yield | 0.18 % | ROCE | 37.0 % |
| ROE | 27.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,130 ₹ | DMA 200 | 1,144 ₹ |
| Chg in FII Hold | 0.02 % | Chg in DII Hold | 0.57 % | PAT Qtr | 57.1 Cr. | PAT Prev Qtr | 60.4 Cr. |
| RSI | 45.4 | MACD | -9.89 | Volume | 37,113 | Avg Vol 1Wk | 40,689 |
| Low price | 885 ₹ | High price | 1,289 ₹ | PEG Ratio | 2.13 | Debt to equity | 0.10 |
| 52w Index | 53.2 % | Qtr Profit Var | 15.5 % | EPS | 26.6 ₹ | Industry PE | 24.2 |
📊 Chart Patterns & Trend: INOX India is consolidating near the 1,100 ₹ zone. Price is below both the 50 DMA (1,130 ₹) and 200 DMA (1,144 ₹), indicating short-term weakness but medium-term support around 1,080–1,100 ₹.
📈 Moving Averages: Both 50 DMA and 200 DMA are acting as resistance. Sustained move above 1,145 ₹ would confirm bullish momentum.
📉 RSI: At 45.4, RSI is neutral, suggesting sideways consolidation with limited buying strength.
📉 MACD: Negative (-9.89), showing bearish crossover and short-term weakness.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. Breakout above 1,150 ₹ could trigger momentum toward 1,200 ₹.
📊 Volume Trends: Current volume (37k) is slightly below average weekly volume (40k), showing reduced participation and consolidation pressure.
🎯 Entry Zone: 1,080–1,100 ₹ (support zone).
🎯 Exit Zone: 1,160–1,200 ₹ (resistance zone).
🔑 Stop Loss: 1,060 ₹ (below support).
Positive
- Strong ROCE at 37% and ROE at 27.9% indicate excellent efficiency.
- Low debt-to-equity ratio (0.10) shows financial stability.
- EPS at 26.6 ₹ supports valuation strength.
- Stable institutional inflows (FII +0.02%, DII +0.57%).
Limitation
- Stock P/E at 42.6 is much higher than industry PE (24.2), suggesting overvaluation.
- PEG ratio of 2.13 indicates limited growth-adjusted value.
- Price trading below both 50 DMA and 200 DMA confirms short-term weakness.
Company Negative News
- Quarterly PAT declined from 60.4 Cr. to 57.1 Cr., showing earnings pressure.
- Reduced trading volume indicates lack of strong buying interest.
Company Positive News
- Quarterly profit variation of 15.5% shows resilience despite minor decline.
- Strong fundamentals with high ROCE and ROE.
- 52-week performance shows 53.2% index gain, reflecting investor confidence.
Industry
- Industry PE at 24.2 vs. stock PE at 42.6 highlights premium valuation.
- Industrial gases and cryogenic equipment sector supported by infrastructure and energy demand.
Conclusion
⚖️ INOX India is in a consolidation phase with short-term weakness (MACD negative, RSI neutral). Medium-term outlook remains supported by strong fundamentals and low leverage. Entry near 1,080–1,100 ₹ offers margin of safety, while breakout above 1,150 ₹ could trigger momentum toward 1,200 ₹. Risk management is essential due to high valuation and earnings pressure.
Would you like me to extend this into a peer benchmarking overlay with other industrial equipment companies (like Linde India, Praxair, and Air Liquide) to highlight relative strength and sector rotation opportunities?