INOXINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | INOXINDIA | Market Cap | 13,974 Cr. | Current Price | 1,539 ₹ | High / Low | 1,620 ₹ |
| Stock P/E | 54.8 | Book Value | 125 ₹ | Dividend Yield | 0.13 % | ROCE | 32.4 % |
| ROE | 25.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,388 ₹ | DMA 200 | 1,242 ₹ |
| Chg in FII Hold | -0.01 % | Chg in DII Hold | 0.45 % | PAT Qtr | 71.9 Cr. | PAT Prev Qtr | 65.4 Cr. |
| RSI | 61.8 | MACD | 20.7 | Volume | 3,86,815 | Avg Vol 1Wk | 2,30,520 |
| Low price | 1,031 ₹ | High price | 1,620 ₹ | PEG Ratio | 3.02 | Debt to equity | 0.07 |
| 52w Index | 86.3 % | Qtr Profit Var | 10.4 % | EPS | 27.8 ₹ | Industry PE | 27.0 |
📈 INOXINDIA is trading above both its 50 DMA (₹1,388) and 200 DMA (₹1,242), reflecting strong medium-term momentum. RSI at 61.8 suggests bullish undertones, while MACD remains highly positive (20.7), confirming upward bias. Bollinger Bands show price near the mid-to-upper range, signaling continuation potential. Current volume (3.87 lakh) is significantly above average (2.30 lakh), indicating strong participation.
🔑 Short-term momentum signals: Positive, with potential upside if price sustains above ₹1,540–₹1,560 zone.
🎯 Entry Zone: ₹1,480–₹1,510 (support region)
🚪 Exit Zone: ₹1,600–₹1,640 (resistance region)
📊 Trend Status: Trending upward with bullish bias
Positive
- Trading above both 50 DMA and 200 DMA
- Strong ROE (25.0%) and ROCE (32.4%) highlight efficiency
- EPS at ₹27.8 reflects robust earnings
- Quarterly PAT growth (+10.4%) shows improving profitability
- DII holdings increased (+0.45%), signaling domestic institutional confidence
- 52-week return of 86.3% demonstrates strong investor sentiment
- Low debt-to-equity ratio (0.07) ensures balance sheet strength
Limitation
- High P/E (54.8) compared to industry average (27.0)
- PEG ratio (3.02) indicates valuation stretched relative to growth
- FII holdings decreased (-0.01%), showing slight foreign investor caution
- Dividend yield at 0.13% is minimal
Company Negative News
- Valuation concerns with P/E significantly above industry
- Minor decline in foreign institutional holdings
Company Positive News
- Quarterly PAT improved from ₹65.4 Cr. to ₹71.9 Cr.
- DII holdings increased, showing domestic support
- Strong technical momentum above DMA levels
Industry
- Industry PE at 27.0 highlights sector trading at lower multiples
- Capital goods sector benefiting from infrastructure demand and policy support
Conclusion
⚖️ INOXINDIA shows strong technical and fundamental momentum with price above key moving averages, positive MACD, and rising volumes. Entry is favorable near ₹1,480–₹1,510 with profit booking around ₹1,600–₹1,640. Trend remains bullish, supported by strong ROE/ROCE and sector tailwinds, though valuations are stretched.
Would you like me to extend this into a peer benchmarking overlay comparing INOXINDIA against Thermax, Triveni Turbine, and BHEL to highlight relative valuation and momentum positioning?