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ICRA Ltd

Stage 4 · Declining · week 41

As of 16 Oct 2026, ICRA is in Stage 4 — declining, a downtrend, in week 41 (since 29 Dec 2025). It closed at ₹4,495, 31.2% below its 52-week high and below its 200-day average, which is falling. In Financials, 20.8% of stocks are in Stage 2.

ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally. More about the company

₹4,494.5
-0.25% today
₹4,328 Cr · Small cap
Market Neutral — FadingFinancials 20.8% in Stage 2-11.8 pts / 20dStock Exchanges & Ratings 42.9%-28.6 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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

Loading price chart…
vs 52W High
-31.2%
₹4,232 lo₹6,531 hi
31.2% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 41
1w13w26w
Week 41 — extended decline
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
-15.1%
200 DMA: ₹5,293.7 · 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
0.23x
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 · -3.6% vs MA50 -5.1%
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
-2.5%
3M
-13.5%
6M
-16.9%
YTD
-26.9%
1Y
-28.1%
Sector
Financials
↓ Peaking
Stage 2%
20.8%
20d Δ
-11.8pp
1M return
-0.9%
3M return
-5.5%
Sector Stage-2 % · last 20 days
Sector has 54 Stage 2 leaders. See Financials Stage 2 →
Industry
Stock Exchanges & Ratings
↓ Peaking
Stage 2%
42.9%
20d Δ
-28.6pp
1M return
+1.1%
3M return
+1.0%
Industry Stage-2 % · last 20 days
Industry has 3 Stage 2 leaders. See Stock Exchanges & Ratings Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 14w
S2 15w
S2 21w
S4 42w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 14w → S3 8w → S2 15w → S3 3w → S4 8w → S1 3w → S2 21w → S3 10w → S4 13w → S1 6w → S2 7w → S3 12w → S2 2w → S3 4w → S4 42w current
Total tracked: 168 weeks across 15 stage runs.
Scan Membership
Breakout Watch
Latest: 2025-11-12
3 appearances in last 60 days. First seen: 2024-07-15.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S4
Wk 41 · Vol 0.23x
2026-10-15S4
Wk 41 · Vol 0.12x
2026-10-14S4
Wk 41 · Vol 0.37x
2026-10-13S4
Wk 41 · Vol 0.68x
2026-10-12S4
Wk 41 · Vol 0.36x
2026-10-09S4
Wk 40 · Vol 0.37x
2026-10-08S4
Wk 40 · Vol 0.49x
2026-10-07S4
Wk 40 · Vol 0.84x
2026-10-06S4
Wk 40 · Vol 0.53x
2026-10-05S4
Wk 40 · Vol 0.62x
2026-10-01S4
Wk 39 · Vol 0.63x
2026-09-30S4
Wk 39 · Vol 1.89x
Sector Peers — Stage 2All →
SMCGLOBAL
wk 11 · -6.2% from hi
9.0
ONELIFECAP
wk 2 · -0.0% from hi
8.7
ARIHANTCAP
wk 5 · -14.2% from hi
8.6
GCSL
wk 16 · 0.0% from hi
8.4
JAYKAY
wk 2 · — from hi
8.0
Moving averages & range
50 DMA
₹4,729.4
200 DMA
₹5,293.7
52W High
₹6,531
52W Low
₹4,232
5D Low
₹4,476.5
Resistance levels (recent highs)
20d High
₹4,579.8
60d High
₹5,265.6
120d High
₹5,499.5
250d High
₹6,531
Next resistance
+1.9%
to 20d High
P/E (TTM)
28.6
Forward 20.8
Earnings Growth (YoY)
+32.3%
Revenue +4.1%
ROE
+16.3%
Profit margin +30.3%
Dividend Yield
1.30%
P/B 4.8
About this companyFinancials· Stock Exchanges & Ratings

ICRA Limited operates as an independent and professional investment information, and credit rating agency in India and internationally. The company operates through Ratings and Ancillary Services; and Research and Analytics segments. It offers research, and industry and economic research; data management and analytics, cash flow waterfall modelling, model validation and testing, credit risk analysis, and business transformation; market data and risk consulting services; and management consulting, and outsourcing and information services. The company also provides credit rating services for various issuers including manufacturing, service, non-banking finance, and infrastructure companies, as well as bank and financial institutions, municipal and other local bodies, state government, and small and medium sector entities; and financial sector ratings, which includes term loans, debentures, public deposits, working capital demand loans, cash credit from banks, commercial paper, mibor-linked loans, and others. It offers structured finance ratings for assessment of risk associated with individual components of structured instruments, including asset-backed securitization, collateralized debt obligation, mortgage backed securitization, future flow transaction, and partial guarantee structures; and infrastructure sector ratings to debt programs of issuers in power, roads, telecommunication, and other infrastructure related sectors. The company also provides other ratings, which includes mutual funds, public finance, infrastructure expected loss, infrastructure investment trust, independent credit evaluation, and market liked debenture. It offers credit perspectives detailed analysis, including key rating consideration, rating sensitivity factor, rating rationale, company profile, business update and outlook, financial update and outlook, etc.; and software solutions. ICRA Limited was incorporated in 1991 and is headquartered in Gurugram, 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.