INOXINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | INOXINDIA | Market Cap | 13,224 Cr. | Current Price | 1,457 ₹ | High / Low | 1,620 ₹ |
| Stock P/E | 53.3 | Book Value | 111 ₹ | Dividend Yield | 0.14 % | ROCE | 37.0 % |
| ROE | 27.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,309 ₹ | DMA 200 | 1,198 ₹ |
| Chg in FII Hold | -0.01 % | Chg in DII Hold | 0.45 % | PAT Qtr | 65.4 Cr. | PAT Prev Qtr | 57.1 Cr. |
| RSI | 58.8 | MACD | 78.4 | Volume | 2,25,240 | Avg Vol 1Wk | 1,84,655 |
| Low price | 952 ₹ | High price | 1,620 ₹ | PEG Ratio | 2.66 | Debt to equity | 0.10 |
| 52w Index | 75.6 % | Qtr Profit Var | 25.8 % | EPS | 26.8 ₹ | Industry PE | 24.4 |
📈 INOX India is trading above both its 50 DMA (₹1,309) and 200 DMA (₹1,198), confirming strong bullish momentum. RSI at 58.8 suggests healthy but not overbought conditions, while MACD at 78.4 indicates strong upward momentum. Bollinger Bands show price moving toward the upper band, reflecting sustained buying interest. Current volume (2.25 lakh) is above average (1.84 lakh), supporting the bullish trend.
🔑 Short-term momentum signals: Strong bullish bias, with potential continuation if price sustains above ₹1,450.
🎯 Entry Zone: ₹1,420–₹1,450 (support region)
🚪 Exit Zone: ₹1,540–₹1,560 (resistance region)
📊 Trend Status: Trending upward with bullish continuation
Positive
- Trading well above both 50 DMA and 200 DMA
- Strong ROCE (37.0%) and ROE (27.9%) highlight operational efficiency
- Quarterly PAT growth (+25.8%) shows earnings momentum
- DII holdings increased (+0.45%), reflecting domestic institutional confidence
- 52-week return of 75.6% demonstrates strong investor sentiment
Limitation
- High P/E (53.3) compared to industry (24.4)
- PEG ratio at 2.66 indicates stretched growth valuation
- FII holdings slightly decreased (-0.01%)
- Dividend yield remains low (0.14%)
Company Negative News
- Minor decline in foreign institutional holdings
- Valuation premium may limit upside in the near term
Company Positive News
- Quarterly PAT improved from ₹57.1 Cr. to ₹65.4 Cr.
- DII support strengthened (+0.45%)
- Strong EPS at ₹26.8 reflects profitability
Industry
- Industry PE at 24.4 highlights sector trading at lower multiples
- Capital goods sector benefiting from infrastructure expansion and clean energy investments
Conclusion
⚖️ INOX India shows robust technical strength with price above key moving averages, strong RSI, and bullish MACD. Entry near ₹1,420–₹1,450 offers favorable risk-reward, with profit booking around ₹1,540–₹1,560. Trend remains bullish, supported by strong fundamentals and sector tailwinds.
Would you like me to also prepare a swing-trade overlay comparing INOX India with peers like Thermax, Triveni Turbine, and BHEL to highlight sector-relative momentum and valuation positioning?