Indbank Merchant Banking Services Ltd

Stage 4 · Declining · week 13

As of 16 Oct 2026, Indbank Merchant Banking Services is in Stage 4 — declining, a downtrend, in week 13 (since 17 Jul 2026). It closed at ₹25.1, 42.2% below its 52-week high and below its 200-day average, which is falling. In Financials, 21.2% of stocks are in Stage 2.

Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. More about the company

₹25.1
-1.10% today
₹111 Cr · Micro cap
Market Neutral — FadingFinancials 21.2% in Stage 2-11.4 pts / 20dInvestment Banking & Brokerage 22.2%+2.9 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

Is INDBANK 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
-42.2%
₹25.1 lo₹43.4 hi
42.2% 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 13
1w13w26w
Week 13 — 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
-23.2%
200 DMA: ₹32.7 · 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
0.66x
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 · -3.7% vs MA50 -9.4%
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
-2.3%
3M
-24.1%
6M
-27.7%
YTD
-28.7%
1Y
-40.0%
Sector
Financials
↓ Peaking
Stage 2%
21.2%
20d Δ
-11.4pp
1M return
-0.9%
3M return
-5.5%
Sector Stage-2 % · last 20 days
Sector has 55 Stage 2 leaders. See Financials Stage 2 →
Industry
Investment Banking & Brokerage
↑ Building
Stage 2%
22.2%
20d Δ
+2.9pp
1M return
+3.7%
3M return
-2.7%
Industry Stage-2 % · last 20 days
Industry has 13 Stage 2 leaders. See Investment Banking & Brokerage Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 16w
S2 18w
S2 15w
S4 18w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 1w → S1 2w → S2 16w → S3 5w → S2 18w → S3 4w → S2 15w → S3 4w → S4 10w → S1 4w → S4 18w → S1 11w → S4 8w → S1 1w → S2 9w → S3 9w → S2 2w → S3 1w → S4 12w → S1 5w → S4 13w current
Total tracked: 168 weeks across 21 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-03-02
4 appearances in last 60 days. First seen: 2024-01-03.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S4
Wk 13 · Vol 0.66x
2026-10-15S4
Wk 13 · Vol 0.26x
2026-10-14S4
Wk 13 · Vol 0.39x
2026-10-13S4
Wk 13 · Vol 0.23x
2026-10-12S4
Wk 12 · Vol 0.87x
2026-10-09S4
Wk 12 · Vol 0.57x
2026-10-08S4
Wk 12 · Vol 1.07x
2026-10-07S4
Wk 12 · Vol 0.76x
2026-10-06S4
Wk 12 · Vol 0.69x
2026-10-05S4
Wk 11 · Vol 0.43x
2026-10-01S4
Wk 11 · Vol 0.22x
2026-09-30S4
Wk 11 · Vol 0.33x
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
₹28.5
200 DMA
₹32.7
52W High
₹43.4
52W Low
₹25.1
5D Low
₹25.1
Resistance levels (recent highs)
20d High
₹26.2
60d High
₹33.2
120d High
₹35.8
250d High
₹42.7
Next resistance
+4.5%
to 20d High
Ask the Market AI about INDBANKAsk →
P/E (TTM)
21.0
Forward —
Earnings Growth (YoY)
+3.8%
Revenue +14.4%
ROE
+7.4%
Profit margin +28.6%
About this companyFinancials· Investment Banking & Brokerage

Indbank Merchant Banking Services Limited engages in the provision of merchant banking, stock broking, depository participant, and allied services in India. The company 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. It 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, the company 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. Indbank Merchant Banking Services Limited was incorporated in 1989 and is based in Chennai, India. Indbank Merchant Banking Services Limited is a subsidiary of Indian Bank.

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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.