ITI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | ITI | Market Cap | 29,010 Cr. | Current Price | 301 ₹ | High / Low | 373 ₹ |
| Book Value | 15.1 ₹ | Dividend Yield | 0.00 % | ROCE | -1.33 % | ROE | -16.2 % |
| Face Value | 10.0 ₹ | DMA 50 | 288 ₹ | DMA 200 | 293 ₹ | Chg in FII Hold | 0.00 % |
| Chg in DII Hold | 0.01 % | PAT Qtr | -21.0 Cr. | PAT Prev Qtr | -52.5 Cr. | RSI | 60.4 |
| MACD | 1.78 | Volume | 6,61,284 | Avg Vol 1Wk | 13,06,300 | Low price | 233 ₹ |
| High price | 373 ₹ | Debt to equity | 0.90 | 52w Index | 48.6 % | Qtr Profit Var | 68.7 % |
| EPS | -1.54 ₹ | Industry PE | 61.5 |
📉 ITI is trading slightly above its 50 DMA (₹288) and 200 DMA (₹293), reflecting short-term strength but medium-term consolidation. RSI at 60.4 indicates bullish momentum, while MACD is positive (1.78), confirming upward bias. Bollinger Bands show price mid-range, suggesting potential continuation if volumes improve. Current volume (6.6 lakh) is below average (13.0 lakh), showing weak participation.
🔑 Short-term momentum signals: Positive, but limited by low volume and weak fundamentals.
🎯 Entry Zone: ₹285–₹295 (support region)
🚪 Exit Zone: ₹340–₹360 (resistance region)
📊 Trend Status: Consolidating with bullish bias
Positive
- Trading above both 50 DMA and 200 DMA
- RSI above 60 indicates momentum buildup
- MACD positive, confirming bullish crossover
- Quarterly PAT improved (-₹52.5 Cr. → -₹21.0 Cr.), narrowing losses
- DII holdings increased (+0.01%)
- 52-week return of 48.6% shows strong investor sentiment
Limitation
- Negative ROE (-16.2%) and ROCE (-1.33%) highlight weak efficiency
- EPS at -₹1.54 indicates continued losses
- No dividend yield
- Volume below average, limiting breakout strength
- Debt-to-equity ratio at 0.90 raises leverage concerns
Company Negative News
- Persistent losses despite narrowing PAT
- Weak profitability metrics (negative ROE/ROCE)
- Valuation uncertainty with no clear P/E
Company Positive News
- Quarterly losses reduced significantly
- DII holdings increased marginally
- Price supported by DMA levels
Industry
- Industry PE at 61.5 highlights sector trading at premium valuations
- Telecom and technology sector facing competitive pressures but supported by digital infrastructure demand
Conclusion
⚖️ ITI shows short-term bullish signals with RSI above 60 and positive MACD. Entry is favorable near ₹285–₹295 with profit booking around ₹340–₹360. Trend remains consolidative with bullish bias unless volume strengthens. Fundamentals remain weak with negative ROE/ROCE, making it more suitable for tactical trades than long-term holding.
Would you like me to extend this into a telecom sector overlay comparing ITI’s technicals and fundamentals against peers like Tejas Networks, HFCL, and Sterlite Tech to highlight sector-relative positioning?