LINDEINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | LINDEINDIA | Market Cap | 61,522 Cr. | Current Price | 7,208 ₹ | High / Low | 7,870 ₹ |
| Stock P/E | 105 | Book Value | 463 ₹ | Dividend Yield | 0.06 % | ROCE | 16.9 % |
| ROE | 12.3 % | Face Value | 10.0 ₹ | DMA 50 | 6,540 ₹ | DMA 200 | 6,370 ₹ |
| Chg in FII Hold | -0.32 % | Chg in DII Hold | 0.20 % | PAT Qtr | 192 Cr. | PAT Prev Qtr | 169 Cr. |
| RSI | 63.5 | MACD | 207 | Volume | 53,669 | Avg Vol 1Wk | 1,00,721 |
| Low price | 5,202 ₹ | High price | 7,870 ₹ | PEG Ratio | 7.65 | Debt to equity | 0.02 |
| 52w Index | 75.2 % | Qtr Profit Var | 68.1 % | EPS | 68.4 ₹ | Industry PE | 29.6 |
📊 Chart & Trend: Linde India trades at ₹7,208, comfortably above its 50 DMA (₹6,540) and 200 DMA (₹6,370). This indicates strong bullish momentum and sustained uptrend.
📉 Momentum Indicators: RSI at 63.5 shows the stock is in bullish territory but not yet overbought. MACD at +207 confirms strong upward momentum. Bollinger Bands suggest price is near the upper band, indicating strength but also caution for potential pullbacks.
📈 Volume Trends: Current volume (53k) is lower than the 1-week average (100k), showing reduced participation but no major selling pressure.
🔑 Entry Zone: ₹6,950–₹7,100 (near support and 50 DMA).
🚪 Exit Zone: ₹7,750–₹7,850 (near resistance and recent highs).
📌 Trend Status: The stock is trending upward with strong bullish signals, supported by moving averages and MACD confirmation.
Positive
- Strong quarterly PAT growth (₹169 Cr → ₹192 Cr).
- EPS at ₹68.4 indicates solid earnings power.
- ROCE (16.9%) and ROE (12.3%) show healthy efficiency.
- Debt-to-equity ratio at 0.02 reflects negligible leverage.
Limitation
- High P/E of 105 compared to industry average of 29.6.
- PEG ratio at 7.65 suggests expensive valuation relative to growth.
- Lower trading volumes compared to average, indicating reduced liquidity.
Company Negative News
- FII holdings decreased (-0.32%), showing reduced foreign investor interest.
Company Positive News
- Sequential PAT growth highlights improving profitability.
- DII holdings increased (+0.20%), showing domestic institutional support.
Industry
- Industrial gases sector PE at 29.6, much lower than Linde India’s valuation.
- Sector rotation favors industrials, but valuations remain stretched for leaders.
Conclusion
⚖️ Linde India is trending upward with strong bullish signals, supported by moving averages and MACD. Entry near ₹6,950–₹7,100 offers margin of safety, while exits around ₹7,750–₹7,850 provide profit-taking opportunities. Despite high valuations, strong profitability, efficiency, and low debt support long-term resilience.
Would you like me to extend this into a peer benchmarking overlay with Praxair, Air Products, and Inox Air Products to see how Linde India compares against global and domestic competitors?