Indef Manufacturing Ltd

Stage 4 · Declining · week 15

As of 16 Oct 2026, Indef Manufacturing is in Stage 4 — declining, a downtrend, in week 15 (since 2 Jul 2026). It closed at ₹201, 52.7% below its 52-week high and below its 200-day average, which is falling. In Industrials, 25.5% of stocks are in Stage 2.

Indef Manufacturing Limited provides material handling solutions in India. More about the company

₹201.2
+0.82% today
₹644 Cr · Small cap
Market Neutral — FadingIndustrials 25.5% in Stage 2-2.0 pts / 20dHeavy Machinery 28.6%0.0 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

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Is BAJAJINDEF early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-52.7%
₹198.4 lo₹425.3 hi
52.7% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 15
1w13w26w
Week 15 — established downtrend
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-21.8%
200 DMA: ₹257.2 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.73x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -4.6% vs MA50 -4.9%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-6.6%
3M
-14.4%
6M
-31.3%
YTD
-37.9%
1Y
-50.0%
Sector
Industrials
↓ Peaking
Stage 2%
25.5%
20d Δ
-2.0pp
1M return
-0.9%
3M return
-2.5%
Sector Stage-2 % · last 20 days
Sector has 125 Stage 2 leaders. See Industrials Stage 2 →
Industry
Heavy Machinery
→ Flat
Stage 2%
28.6%
20d Δ
+0.0pp
1M return
-3.6%
3M return
+12.5%
Industry Stage-2 % · last 20 days
Industry has 2 Stage 2 leaders. See Heavy Machinery Stage 2 →
Stage Cycle Timeline2025-02-21 → 2026-10-16
S? 43w
S4 17w
S1 8w
S4 15w
2025-02-212026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 43w → S3 3w → S4 17w → S1 8w → S4 15w current
Total tracked: 86 weeks across 5 stage runs.
Scan Membership
Not in any current scan.
Recent Stage Timeline
2026-10-16S4
Wk 15 · Vol 0.73x
2026-10-15S4
Wk 15 · Vol 0.46x
2026-10-14S4
Wk 15 · Vol 0.75x
2026-10-13S4
Wk 15 · Vol 0.47x
2026-10-12S4
Wk 15 · Vol 0.45x
2026-10-09S4
Wk 14 · Vol 0.60x
2026-10-08S4
Wk 14 · Vol 0.51x
2026-10-07S4
Wk 14 · Vol 0.47x
2026-10-06S4
Wk 14 · Vol 0.41x
2026-10-05S4
Wk 14 · Vol 0.86x
2026-10-01S4
Wk 13 · Vol 0.51x
2026-09-30S4
Wk 13 · Vol 0.34x
Sector Peers — Stage 2All →
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHREEJISPG
wk 17 · 0.0% from hi
8.4
SHIVAUM
wk 28 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
SPECTRUM
wk 19 · -3.3% from hi
8.2
Moving averages & range
50 DMA
₹216.9
200 DMA
₹257.2
52W High
₹425.3
52W Low
₹198.4
5D Low
₹198.4
Resistance levels (recent highs)
20d High
₹221.9
60d High
₹236.8
120d High
₹324.5
250d High
₹425.3
Next resistance
+10.3%
to 20d High
Ask the Market AI about BAJAJINDEFAsk →
P/E (TTM)
32.4
Forward —
Earnings Growth (YoY)
-30.1%
Revenue +13.2%
Dividend Yield
0.71%
P/B 3.4
About this companyIndustrials· Heavy Machinery

Indef Manufacturing Limited provides material handling solutions in India. It also manufactures, sells, distributes and markets mechanical hoists, ergonomic handling solutions, overhead crane, EOT crane, electric chain hoists and wire rope hoists, stackers, and storage and retrieval solutions. The company serves the oil and gas, engineering, auto and auto ancillary, cement, metals, and other industries. Indef Manufacturing Limited was incorporated in 2022 and is headquartered in Navi Mumbai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.