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INDBANK (INDBANK MERCHANT BANKING SERVICES LTD.) Stock Analysis
Buy, Hold or Sell?

Let's analyze INDBANK MERCHANT BANKING SERVICES LTD. together

I guess you are interested in INDBANK MERCHANT BANKING SERVICES LTD.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – INDBANK MERCHANT BANKING SERVICES LTD.’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – INDBANK MERCHANT BANKING SERVICES LTD.’s Price Targets

I'm going to help you getting a better view of INDBANK MERCHANT BANKING SERVICES LTD.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of INDBANK MERCHANT BANKING SERVICES LTD. (30 sec.)










1.2. What can you expect buying and holding a share of INDBANK MERCHANT BANKING SERVICES LTD.? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
INR20.65
Expected worth in 1 year
INR28.12
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR7.47
Return On Investment
21.1%

For what price can you sell your share?

Current Price per Share
INR35.46
Expected price per share
INR23.51 - INR37.80
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of INDBANK MERCHANT BANKING SERVICES LTD. (5 min.)




Live pricePrice per Share (EOD)
INR35.46
Intrinsic Value Per Share
INR-25.86 - INR3.75
Total Value Per Share
INR-5.21 - INR24.41

2.2. Growth of INDBANK MERCHANT BANKING SERVICES LTD. (5 min.)




Is INDBANK MERCHANT BANKING SERVICES LTD. growing?

Current yearPrevious yearGrowGrow %
How rich?$10.7m$9.7m$969k9.0%

How much money is INDBANK MERCHANT BANKING SERVICES LTD. making?

Current yearPrevious yearGrowGrow %
Making money$990.2k$1m-$62.6k-6.3%
Net Profit Margin42.1%47.5%--

How much money comes from the company's main activities?

2.3. Financial Health of INDBANK MERCHANT BANKING SERVICES LTD. (5 min.)




2.4. Comparing to competitors in the Capital Markets industry (5 min.)




  Industry Rankings (Capital Markets)  


Richest
#288 / 354

Most Revenue
#286 / 354

Most Profit
#204 / 354
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of INDBANK MERCHANT BANKING SERVICES LTD.?

Welcome investor! INDBANK MERCHANT BANKING SERVICES LTD.'s management wants to use your money to grow the business. In return you get a share of INDBANK MERCHANT BANKING SERVICES LTD..

First you should know what it really means to hold a share of INDBANK MERCHANT BANKING SERVICES LTD.. And how you can make/lose money.

Speculation

The Price per Share of INDBANK MERCHANT BANKING SERVICES LTD. is INR35.46. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of INDBANK MERCHANT BANKING SERVICES LTD..
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in INDBANK MERCHANT BANKING SERVICES LTD., you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR20.65. Based on the TTM, the Book Value Change Per Share is INR1.87 per quarter. Based on the YOY, the Book Value Change Per Share is INR2.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of INDBANK MERCHANT BANKING SERVICES LTD..

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.020.1%0.020.1%0.020.1%0.020.1%0.020.0%0.010.0%
Usd Book Value Change Per Share0.020.1%0.020.1%0.020.1%0.020.1%0.020.0%0.030.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.020.1%0.020.1%0.020.1%0.020.1%0.020.0%0.030.1%
Usd Price Per Share0.54-0.54-0.44-0.45-0.35-0.26-
Price to Earnings Ratio24.29-24.29-18.62-27.95-21.99-22.66-
Price-to-Total Gains Ratio24.82-24.82-18.90-28.74-22.51-22.21-
Price to Book Ratio2.24-2.24-2.01-2.06-1.66-1.37-
Price-to-Total Gains Ratio24.82-24.82-18.90-28.74-22.51-22.21-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.414882
Number of shares2410
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.020.02
Usd Total Gains Per Share0.020.02
Gains per Quarter (2410 shares)52.6339.96
Gains per Year (2410 shares)210.50159.84
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102112010160150
204214120320310
306326230480470
408428340639630
50105310450799790
60126312560959950
7014741467011191110
8016841678012791270
9018951889014391430
10021052100015981590

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.09.00.0%0.00.09.00.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
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3.2. Key Performance Indicators

The key performance indicators of INDBANK MERCHANT BANKING SERVICES LTD. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.8661.8660%1.997-7%1.541+21%1.417+32%2.295-19%
Book Value Per Share--20.65220.6520%18.786+10%18.742+10%17.348+19%15.379+34%
Current Ratio--117.236117.2360%4.158+2720%41.640+182%26.098+349%16.024+632%
Debt To Asset Ratio--0.2240.2240%0.216+4%0.2250%0.227-1%0.197+14%
Debt To Equity Ratio--0.2880.2880%0.276+5%0.290-1%0.294-2%0.248+16%
Dividend Per Share----0%-0%-0%-0%-0%
Enterprise Value--1791658006.0001791658006.0000%1445573050.000+24%1713582972.000+5%1447146421.200+24%1145136305.111+56%
Eps--1.9071.9070%2.028-6%1.575+21%1.442+32%1.087+76%
Ev To Sales Ratio--8.9118.9110%7.625+17%8.986-1%8.121+10%8.076+10%
Free Cash Flow Per Share---0.039-0.0390%-0.297+657%-0.117+198%0.767-105%1.170-103%
Free Cash Flow To Equity Per Share---0.039-0.0390%-0.297+657%-0.184+368%0.591-107%1.032-104%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--3.755----------
Intrinsic Value_10Y_min---25.860----------
Intrinsic Value_1Y_max--0.684----------
Intrinsic Value_1Y_min---0.748----------
Intrinsic Value_3Y_max--1.821----------
Intrinsic Value_3Y_min---3.858----------
Intrinsic Value_5Y_max--2.675----------
Intrinsic Value_5Y_min---8.708----------
Market Cap1573650972.000-31%2056042006.0002056042006.0000%1675277050.000+23%1721578305.333+19%1326286885.200+55%991014515.111+107%
Net Profit Margin--0.4210.4210%0.475-11%0.362+16%0.364+16%0.338+24%
Operating Margin----0%-0%-0%-0%-0%
Operating Ratio--1.2681.2680%1.208+5%1.103+15%0.873+45%0.681+86%
Pb Ratio1.717-31%2.2432.2430%2.009+12%2.059+9%1.662+35%1.372+64%
Pe Ratio18.594-31%24.29424.2940%18.617+30%27.947-13%21.993+10%22.663+7%
Price Per Share35.460-31%46.33046.3300%37.750+23%38.793+19%29.886+55%22.331+107%
Price To Free Cash Flow Ratio-903.359+23%-1180.277-1180.2770%-127.002-89%-1208.907+2%-722.131-39%-396.422-66%
Price To Total Gains Ratio18.999-31%24.82424.8240%18.900+31%28.740-14%22.506+10%22.215+12%
Quick Ratio--102.877102.8770%3.581+2773%37.498+174%23.649+335%14.825+594%
Return On Assets--0.0720.0720%0.085-15%0.064+12%0.063+13%0.054+33%
Return On Equity--0.0920.0920%0.108-14%0.082+12%0.082+13%0.068+36%
Total Gains Per Share--1.8661.8660%1.997-7%1.541+21%1.417+32%2.295-19%
Usd Book Value--10723248.90010723248.9000%9754184.700+10%9731521.800+10%9007586.757+19%7985151.122+34%
Usd Book Value Change Per Share--0.0220.0220%0.023-7%0.018+21%0.017+32%0.027-19%
Usd Book Value Per Share--0.2420.2420%0.220+10%0.219+10%0.203+19%0.180+34%
Usd Dividend Per Share----0%-0%-0%-0%-0%
Usd Enterprise Value--20962398.67020962398.6700%16913204.685+24%20048920.772+5%16931613.128+24%13398094.770+56%
Usd Eps--0.0220.0220%0.024-6%0.018+21%0.017+32%0.013+76%
Usd Free Cash Flow---20381.400-20381.4000%-154334.700+657%-60648.900+198%398188.091-105%607580.806-103%
Usd Free Cash Flow Per Share--0.0000.0000%-0.003+657%-0.001+198%0.009-105%0.014-103%
Usd Free Cash Flow To Equity Per Share--0.0000.0000%-0.003+657%-0.002+368%0.007-107%0.012-104%
Usd Market Cap18411716.372-31%24055691.47024055691.4700%19600741.485+23%20142466.172+19%15517556.557+55%11594869.827+107%
Usd Price Per Share0.415-31%0.5420.5420%0.442+23%0.454+19%0.350+55%0.261+107%
Usd Profit--990206.100990206.1000%1052847.900-6%817603.800+21%748495.145+32%564178.979+76%
Usd Revenue--2352425.4002352425.4000%2218156.200+6%2235807.600+5%2035112.134+16%1621465.521+45%
Usd Total Gains Per Share--0.0220.0220%0.023-7%0.018+21%0.017+32%0.027-19%
 EOD+3 -5MRQTTM+0 -0YOY+19 -163Y+29 -65Y+26 -910Y+20 -15

3.3 Fundamental Score

Let's check the fundamental score of INDBANK MERCHANT BANKING SERVICES LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.594
Price to Book Ratio (EOD)Between0-11.717
Net Profit Margin (MRQ)Greater than00.421
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than1102.877
Current Ratio (MRQ)Greater than1117.236
Debt to Asset Ratio (MRQ)Less than10.224
Debt to Equity Ratio (MRQ)Less than10.288
Return on Equity (MRQ)Greater than0.150.092
Return on Assets (MRQ)Greater than0.050.072
Total6/10 (60.0%)

3.4 Technical Score

Let's check the technical score of INDBANK MERCHANT BANKING SERVICES LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.761
Ma 20Greater thanMa 5034.979
Ma 50Greater thanMa 10034.296
Ma 100Greater thanMa 20033.207
OpenGreater thanClose35.050
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About INDBANK MERCHANT BANKING SERVICES LTD.

Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. It offers merchant banking services for public issues, rights issues, private placement, acquisition of shares and takeovers, and employee stock option schemes/stock purchase scheme by corporates. The company also provides advisory services for valuation of shares and other financial instruments, syndication of loans, acquisitions, and mergers and amalgamations, as well as for project counseling, appraisal, and feasibility studies. In addition, it offers stock broking services in the cash, derivatives, and wholesale debt market segments for retail and institutional investors, as well as in cash management; online trading services; and e-services; as well as distributes mutual funds and other investment products. The company was incorporated in 1989 and is based in Chennai, India. Indbank Merchant Banking Services Limited operates as a subsidiary of Indian Bank.

Fundamental data was last updated by Penke on 2025-06-18 12:43:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ INDBANK MERCHANT BANKING SERVICES LTD. earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • A Net Profit Margin of 42.1%Β means thatΒ ₹0.42 for each ₹1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 42.1%. The company is making a huge profit. +2
  • The TTM is 42.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ42.1%TTM42.1%0.0%
TTM42.1%YOY47.5%-5.4%
TTM42.1%5Y36.4%+5.7%
5Y36.4%10Y33.8%+2.6%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ42.1%12.4%+29.7%
TTM42.1%11.4%+30.7%
YOY47.5%11.9%+35.6%
3Y36.2%11.4%+24.8%
5Y36.4%13.1%+23.3%
10Y33.8%13.1%+20.7%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ INDBANK MERCHANT BANKING SERVICES LTD. is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • 7.2% Return on Assets means thatΒ INDBANK MERCHANT BANKING SERVICES LTD. generatedΒ ₹0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 7.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 7.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.2%TTM7.2%0.0%
TTM7.2%YOY8.5%-1.3%
TTM7.2%5Y6.3%+0.8%
5Y6.3%10Y5.4%+0.9%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ7.2%0.4%+6.8%
TTM7.2%0.4%+6.8%
YOY8.5%0.3%+8.2%
3Y6.4%0.3%+6.1%
5Y6.3%0.4%+5.9%
10Y5.4%0.4%+5.0%
4.3.1.3. Return on Equity

Shows how efficient INDBANK MERCHANT BANKING SERVICES LTD. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • 9.2% Return on Equity means INDBANK MERCHANT BANKING SERVICES LTD. generated ₹0.09Β for eachΒ ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 9.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.2%TTM9.2%0.0%
TTM9.2%YOY10.8%-1.6%
TTM9.2%5Y8.2%+1.1%
5Y8.2%10Y6.8%+1.4%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ9.2%1.9%+7.3%
TTM9.2%1.8%+7.4%
YOY10.8%1.8%+9.0%
3Y8.2%1.6%+6.6%
5Y8.2%2.2%+6.0%
10Y6.8%1.9%+4.9%
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4.3.2. Operating Efficiency of INDBANK MERCHANT BANKING SERVICES LTD..

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient INDBANK MERCHANT BANKING SERVICES LTD. is operatingΒ .

  • Measures how much profit INDBANK MERCHANT BANKING SERVICES LTD. makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • An Operating Margin of 0.0%Β means the company generated ₹0.00 Β for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-15.3%-15.3%
TTM-14.9%-14.9%
YOY-14.6%-14.6%
3Y-5.3%-5.3%
5Y-6.0%-6.0%
10Y-7.1%-7.1%
4.3.2.2. Operating Ratio

Measures how efficient INDBANK MERCHANT BANKING SERVICES LTD. is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Capital Markets industry mean).
  • An Operation Ratio of 1.27 means that the operating costs are ₹1.27 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 1.268. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.268. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.268TTM1.2680.000
TTM1.268YOY1.208+0.059
TTM1.2685Y0.873+0.395
5Y0.87310Y0.681+0.192
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2681.025+0.243
TTM1.2681.041+0.227
YOY1.2080.965+0.243
3Y1.1030.995+0.108
5Y0.8730.984-0.111
10Y0.6810.920-0.239
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4.4.3. Liquidity of INDBANK MERCHANT BANKING SERVICES LTD..

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if INDBANK MERCHANT BANKING SERVICES LTD. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Capital Markets industry mean).
  • A Current Ratio of 117.24Β means the company has ₹117.24 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 117.236. The company is very able to pay all its short-term debts. +2
  • The TTM is 117.236. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ117.236TTM117.2360.000
TTM117.236YOY4.158+113.078
TTM117.2365Y26.098+91.138
5Y26.09810Y16.024+10.074
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ117.2362.257+114.979
TTM117.2362.410+114.826
YOY4.1581.642+2.516
3Y41.6402.040+39.600
5Y26.0982.164+23.934
10Y16.0242.526+13.498
4.4.3.2. Quick Ratio

Measures if INDBANK MERCHANT BANKING SERVICES LTD. is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • A Quick Ratio of 102.88Β means the company can pay off ₹102.88 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 102.877. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 102.877. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ102.877TTM102.8770.000
TTM102.877YOY3.581+99.296
TTM102.8775Y23.649+79.229
5Y23.64910Y14.825+8.823
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ102.8771.275+101.602
TTM102.8771.475+101.402
YOY3.5811.163+2.418
3Y37.4981.501+35.997
5Y23.6491.797+21.852
10Y14.8252.125+12.700
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4.5.4. Solvency of INDBANK MERCHANT BANKING SERVICES LTD..

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of INDBANK MERCHANT BANKING SERVICES LTD.Β assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to Capital Markets industry mean.
  • A Debt to Asset Ratio of 0.22Β means that INDBANK MERCHANT BANKING SERVICES LTD. assets areΒ financed with 22.4% credit (debt) and the remaining percentage (100% - 22.4%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 0.224. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.224. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.224TTM0.2240.000
TTM0.224YOY0.216+0.008
TTM0.2245Y0.227-0.003
5Y0.22710Y0.197+0.030
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2240.643-0.419
TTM0.2240.640-0.416
YOY0.2160.621-0.405
3Y0.2250.626-0.401
5Y0.2270.608-0.381
10Y0.1970.620-0.423
4.5.4.2. Debt to Equity Ratio

Measures ifΒ INDBANK MERCHANT BANKING SERVICES LTD. is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • A Debt to Equity ratio of 28.8% means that company has ₹0.29 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The MRQ is 0.288. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.288. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.288TTM0.2880.000
TTM0.288YOY0.276+0.013
TTM0.2885Y0.294-0.005
5Y0.29410Y0.248+0.046
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2881.641-1.353
TTM0.2881.661-1.373
YOY0.2761.638-1.362
3Y0.2901.643-1.353
5Y0.2941.562-1.268
10Y0.2481.738-1.490
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every ₹1 in earnings INDBANK MERCHANT BANKING SERVICES LTD. generates.

  • Above 15 is considered overpriced butΒ always compareΒ INDBANK MERCHANT BANKING SERVICES LTD. to theΒ Capital Markets industry mean.
  • A PE ratio of 24.29 means the investor is paying ₹24.29Β for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The EOD is 18.594. Based on the earnings, the company is fair priced.
  • The MRQ is 24.294. Based on the earnings, the company is fair priced.
  • The TTM is 24.294. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD18.594MRQ24.294-5.700
MRQ24.294TTM24.2940.000
TTM24.294YOY18.617+5.677
TTM24.2945Y21.993+2.301
5Y21.99310Y22.663-0.671
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD18.59410.438+8.156
MRQ24.2949.615+14.679
TTM24.29410.093+14.201
YOY18.61710.521+8.096
3Y27.94710.900+17.047
5Y21.99311.318+10.675
10Y22.66312.481+10.182
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The EOD is -903.359. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1,180.277. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1,180.277. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-903.359MRQ-1,180.277+276.918
MRQ-1,180.277TTM-1,180.2770.000
TTM-1,180.277YOY-127.002-1,053.275
TTM-1,180.2775Y-722.131-458.146
5Y-722.13110Y-396.422-325.709
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD-903.359-1.295-902.064
MRQ-1,180.277-1.369-1,178.908
TTM-1,180.2770.044-1,180.321
YOY-127.002-0.052-126.950
3Y-1,208.9070.015-1,208.922
5Y-722.131-0.288-721.843
10Y-396.422-0.383-396.039
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ INDBANK MERCHANT BANKING SERVICES LTD. is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Capital Markets industry mean).
  • A PB ratio of 2.24 means the investor is paying ₹2.24Β for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of INDBANK MERCHANT BANKING SERVICES LTD.:

  • The EOD is 1.717. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.243. Based on the equity, the company is underpriced. +1
  • The TTM is 2.243. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.717MRQ2.243-0.526
MRQ2.243TTM2.2430.000
TTM2.243YOY2.009+0.234
TTM2.2435Y1.662+0.581
5Y1.66210Y1.372+0.291
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD1.7171.119+0.598
MRQ2.2431.044+1.199
TTM2.2431.117+1.126
YOY2.0091.058+0.951
3Y2.0591.054+1.005
5Y1.6621.183+0.479
10Y1.3721.335+0.037
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-12-31. Currency in INR. All numbers in thousands.

Summary
Total Assets1,180,901
Total Liabilities264,384
Total Stockholder Equity916,517
 As reported
Total Liabilities 264,384
Total Stockholder Equity+ 916,517
Total Assets = 1,180,901

Assets

Total Assets1,180,901
Total Current Assets1,044,221
Long-term Assets136,680
Total Current Assets
Cash And Cash Equivalents 11,486
Short-term Investments 856,681
Net Receivables 59,646
Total Current Assets  (as reported)1,044,221
Total Current Assets  (calculated)927,813
+/- 116,408
Long-term Assets
Property Plant Equipment 5,346
Intangible Assets 936
Long-term Assets Other 28,172
Long-term Assets  (as reported)136,680
Long-term Assets  (calculated)34,454
+/- 102,226

Liabilities & Shareholders' Equity

Total Current Liabilities8,907
Long-term Liabilities255,477
Total Stockholder Equity916,517
Total Current Liabilities
Total Current Liabilities  (as reported)8,907
Total Current Liabilities  (calculated)0
+/- 8,907
Long-term Liabilities
Long term Debt 62
Long-term Liabilities Other 6,138
Long-term Liabilities  (as reported)255,477
Long-term Liabilities  (calculated)6,200
+/- 249,277
Total Stockholder Equity
Total Stockholder Equity (as reported)916,517
Total Stockholder Equity (calculated)0
+/- 916,517
Other
Capital Stock443,782
Common Stock Shares Outstanding 44,378
Net Invested Capital 916,579
Net Working Capital 1,035,314
Property Plant and Equipment Gross 5,346



6.2. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
> Total Assets 
653,040
659,991
675,490
741,480
841,860
916,375
973,821
1,063,395
1,180,901
1,180,9011,063,395973,821916,375841,860741,480675,490659,991653,040
   > Total Current Assets 
339,366
302,960
428,336
395,699
452,544
671,004
801,623
891,034
1,044,221
1,044,221891,034801,623671,004452,544395,699428,336302,960339,366
       Cash And Cash Equivalents 
20,060
28,831
69,108
115,173
112,775
93,172
101,436
6,271
11,486
11,4866,271101,43693,172112,775115,17369,10828,83120,060
       Short-term Investments 
34,569
33,060
29,585
29,939
47,059
15,183
631,924
721,603
856,681
856,681721,603631,92415,18347,05929,93929,58533,06034,569
       Net Receivables 
107,055
86,527
68,853
9,179
32,050
33,696
41,221
45,824
59,646
59,64645,82441,22133,69632,0509,17968,85386,527107,055
       Other Current Assets 
212,251
187,602
290,375
262,063
313,046
508,075
616,243
8,312
0
08,312616,243508,075313,046262,063290,375187,602212,251
   > Long-term Assets 
0
0
247,154
345,782
389,316
553,577
72,957
172,362
136,680
136,680172,36272,957553,577389,316345,782247,15400
       Property Plant Equipment 
9,300
6,684
5,986
3,952
4,139
9,997
8,244
6,937
5,346
5,3466,9378,2449,9974,1393,9525,9866,6849,300
       Intangible Assets 
291
222
240
551
1,489
1,050
773
499
936
9364997731,0501,489551240222291
       Long-term Assets Other 
0
0
0
0
133,850
0
15,281
16,247
28,172
28,17216,24715,2810133,8500000
> Total Liabilities 
109,482
94,927
93,151
139,413
199,050
205,051
228,767
229,704
264,384
264,384229,704228,767205,051199,050139,41393,15194,927109,482
   > Total Current Liabilities 
109,482
94,927
93,151
139,413
199,050
203,669
227,300
214,293
8,907
8,907214,293227,300203,669199,050139,41393,15194,927109,482
       Short-term Debt 
15,842
282
0
27
0
0
27,852
0
0
0027,8520027028215,842
       Short Long Term Debt 
0
0
0
27
0
0
27,852
0
0
0027,8520027000
       Accounts payable 
73,545
58,685
59,306
92,074
160,674
11,431
9,989
0
0
009,98911,431160,67492,07459,30658,68573,545
       Other Current Liabilities 
12,683
26,591
23,684
35,281
25,450
175,528
169,542
0
0
00169,542175,52825,45035,28123,68426,59112,683
   > Long-term Liabilities 
0
0
0
0
0
0
14,607
15,411
255,477
255,47715,41114,607000000
       Other Liabilities 
0
0
0
0
0
1,382
1,467
0
0
001,4671,38200000
> Total Stockholder Equity
543,558
565,064
582,339
602,067
642,810
711,324
745,054
833,691
916,517
916,517833,691745,054711,324642,810602,067582,339565,064543,558
   Common Stock
443,782
443,782
443,782
443,782
443,782
443,782
443,782
0
0
00443,782443,782443,782443,782443,782443,782443,782
   Retained Earnings 
100,048
122,252
139,905
160,795
201,386
271,022
301,272
389,909
0
0389,909301,272271,022201,386160,795139,905122,252100,048
   Capital Surplus 000000000
   Treasury Stock000000000
   Other Stockholders Equity 000-3,480-2,358-2,510-1,348-970-272



6.3. Balance Sheets

Currency in INR. All numbers in thousands.




6.4. Cash Flows

Currency in INR. All numbers in thousands.




6.5. Income Statements

Currency in INR. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue201,062
Cost of Revenue-105,499
Gross Profit95,56395,563
 
Operating Income (+$)
Gross Profit95,563
Operating Expense-149,366
Operating Income51,696-53,803
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense149,3660
 
Net Interest Income (+$)
Interest Income62,651
Interest Expense-1,218
Other Finance Cost-0
Net Interest Income61,433
 
Pretax Income (+$)
Operating Income51,696
Net Interest Income61,433
Other Non-Operating Income Expenses0
Income Before Tax (EBT)114,99351,696
EBIT - interestExpense = -1,218
84,633
85,851
Interest Expense1,218
Earnings Before Interest and Taxes (EBIT)0116,211
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax114,993
Tax Provision-30,360
Net Income From Continuing Ops84,63384,633
Net Income84,633
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-61,433
 

Technical Analysis of INDBANK MERCHANT BANKING SERVICES LTD.
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of INDBANK MERCHANT BANKING SERVICES LTD.. The general trend of INDBANK MERCHANT BANKING SERVICES LTD. is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine INDBANK MERCHANT BANKING SERVICES LTD.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. INDBANK MERCHANT BANKING SERVICES LTD. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of INDBANK MERCHANT BANKING SERVICES LTD..

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 37.51 < 37.54 < 37.80.

The bearish price targets are: 32.01 > 30.00 > 23.51.

Know someone who trades $INDBANK? Share this with them.πŸ‘‡

INDBANK MERCHANT BANKING SERVICES LTD. Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of INDBANK MERCHANT BANKING SERVICES LTD.. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

INDBANK MERCHANT BANKING SERVICES LTD. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of INDBANK MERCHANT BANKING SERVICES LTD.. The current macd is 0.10675799.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the INDBANK MERCHANT BANKING SERVICES LTD. price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for INDBANK MERCHANT BANKING SERVICES LTD.. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the INDBANK MERCHANT BANKING SERVICES LTD. price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
INDBANK MERCHANT BANKING SERVICES LTD. Daily Moving Average Convergence/Divergence (MACD) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of INDBANK MERCHANT BANKING SERVICES LTD.. The current adx is 18.15.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell INDBANK MERCHANT BANKING SERVICES LTD. shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
INDBANK MERCHANT BANKING SERVICES LTD. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of INDBANK MERCHANT BANKING SERVICES LTD.. The current sar is 37.23.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
INDBANK MERCHANT BANKING SERVICES LTD. Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of INDBANK MERCHANT BANKING SERVICES LTD.. The current rsi is 55.76. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
INDBANK MERCHANT BANKING SERVICES LTD. Daily Relative Strength Index (RSI) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of INDBANK MERCHANT BANKING SERVICES LTD.. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the INDBANK MERCHANT BANKING SERVICES LTD. price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
INDBANK MERCHANT BANKING SERVICES LTD. Daily Stochastic Oscillator ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of INDBANK MERCHANT BANKING SERVICES LTD.. The current cci is 28.98.

INDBANK MERCHANT BANKING SERVICES LTD. Daily Commodity Channel Index (CCI) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of INDBANK MERCHANT BANKING SERVICES LTD.. The current cmo is 17.40.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
INDBANK MERCHANT BANKING SERVICES LTD. Daily Chande Momentum Oscillator (CMO) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of INDBANK MERCHANT BANKING SERVICES LTD.. The current willr is -27.82426778.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that INDBANK MERCHANT BANKING SERVICES LTD. is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
INDBANK MERCHANT BANKING SERVICES LTD. Daily Williams %R ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of INDBANK MERCHANT BANKING SERVICES LTD..

INDBANK MERCHANT BANKING SERVICES LTD. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of INDBANK MERCHANT BANKING SERVICES LTD.. The current atr is 1.40896383.

INDBANK MERCHANT BANKING SERVICES LTD. Daily Average True Range (ATR) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of INDBANK MERCHANT BANKING SERVICES LTD.. The current obv is 5,060,576.

INDBANK MERCHANT BANKING SERVICES LTD. Daily On-Balance Volume (OBV) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of INDBANK MERCHANT BANKING SERVICES LTD.. The current mfi is 48.41.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
INDBANK MERCHANT BANKING SERVICES LTD. Daily Money Flow Index (MFI) ChartINDBANK MERCHANT BANKING SERVICES LTD. Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for INDBANK MERCHANT BANKING SERVICES LTD..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-17ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-20RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-02-24STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-27BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-04-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-22BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-04-24STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-04-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-05-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-26MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-29STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-30STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-11MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-19STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-25STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-07-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.

6.3. Candlestick Patterns

INDBANK MERCHANT BANKING SERVICES LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of INDBANK MERCHANT BANKING SERVICES LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.761
Ma 20Greater thanMa 5034.979
Ma 50Greater thanMa 10034.296
Ma 100Greater thanMa 20033.207
OpenGreater thanClose35.050
Total3/5 (60.0%)
Penke
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