IRB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | IRB | Market Cap | 26,016 Cr. | Current Price | 21.5 ₹ | High / Low | 27.2 ₹ |
| Stock P/E | 29.1 | Book Value | 12.6 ₹ | Dividend Yield | 0.70 % | ROCE | 7.21 % |
| ROE | 8.13 % | Face Value | 1.00 ₹ | DMA 50 | 21.3 ₹ | DMA 200 | 21.9 ₹ |
| Chg in FII Hold | 0.52 % | Chg in DII Hold | 0.05 % | PAT Qtr | 287 Cr. | PAT Prev Qtr | 188 Cr. |
| RSI | 50.6 | MACD | 0.22 | Volume | 1,16,69,075 | Avg Vol 1Wk | 1,10,35,437 |
| Low price | 18.5 ₹ | High price | 27.2 ₹ | PEG Ratio | 0.64 | Debt to equity | 0.78 |
| 52w Index | 35.0 % | Qtr Profit Var | -3.20 % | EPS | 0.73 ₹ | Industry PE | 18.5 |
📉 IRB is trading close to its 50 DMA (₹21.3) and 200 DMA (₹21.9), showing indecision around key averages. RSI at 50.6 indicates neutral momentum, while MACD at 0.22 suggests a weak bullish crossover. Bollinger Bands show price near mid-range, reflecting consolidation. Current volume (1.16 Cr.) is slightly above average (1.10 Cr.), indicating steady participation.
🔑 Short-term momentum signals: Mild bullish bias, but sustainability depends on holding above ₹21.5–₹22.0.
🎯 Entry Zone: ₹20.5–₹21.5 (support region)
🚪 Exit Zone: ₹23.5–₹24.5 (resistance region)
📊 Trend Status: Consolidating with slight bullish tilt
Positive
- EPS growth supported by quarterly PAT increase (₹287 Cr. vs ₹188 Cr.)
- FII holdings increased (+0.52%), showing foreign investor confidence
- PEG ratio at 0.64 indicates attractive valuation
- Debt-to-equity ratio at 0.78 is manageable
- 52-week return of 35% reflects investor interest
Limitation
- ROCE (7.21%) and ROE (8.13%) remain modest
- P/E (29.1) higher than industry average (18.5)
- Quarterly profit variation (-3.20%) shows earnings volatility
- Price struggling to sustain above 200 DMA
Company Negative News
- Profit variation (-3.20%) highlights inconsistency in earnings
- Valuation premium compared to industry peers
Company Positive News
- Quarterly PAT improved significantly from ₹188 Cr. to ₹287 Cr.
- FII and DII holdings both increased, reflecting institutional support
Industry
- Industry PE at 18.5 highlights sector trading at lower multiples
- Infrastructure sector outlook remains positive with government spending on roads and highways
Conclusion
⚖️ IRB shows neutral technical momentum with mild bullish signals from MACD and volume. Entry near ₹20.5–₹21.5 offers favorable risk-reward, with profit booking around ₹23.5–₹24.5. Trend remains consolidative, requiring sustained move above 200 DMA for stronger bullish confirmation.
Would you like me to extend this into a long-term investment overlay (ROE, ROCE, PEG, and debt benchmarking vs peers like KNR Constructions, Ashoka Buildcon, and Dilip Buildcon) for portfolio positioning?