Indo Borax and Chemicals Ltd

Stage 2 · Advancing · week 23Setup 5.3 ★ FairEven -3.8

As of 16 Oct 2026, Indo Borax and Chemicals is in Stage 2 — advancing, the uptrend phase, in week 23 (since 12 May 2026). It closed at ₹472, 8.5% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

Indo Borax & Chemicals Limited manufactures and sells boron and lithium products in India. More about the company

₹472.4
-0.94% today
₹1,516 Cr · Small cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dCommodity Chemicals 48.5%-4.5 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

5.3 ★ Fair

Momentum

Steady

Edge

Even -3.8

Setup-score rank among Stage 2 peers: #15 of 32 in Commodity Chemicals · #72 of 153 in Materials

Is INDOBORAX 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
-8.5%
₹232 lo₹516.1 hi
8.5% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 23
1w13w26w
Week 23 — proven structure, sweet spot
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
37.1%
200 DMA: ₹344.5 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.40x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -1.3% vs MA50 +4.3%
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
+0.4%
3M
+1.4%
6M
+85.3%
YTD
+82.5%
1Y
+103.3%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
This stock ranks #16 of 151 Stage 2 stocks in Materials by RS. Leading the sector.
Industry
Commodity Chemicals
↓ Peaking
Stage 2%
48.5%
20d Δ
-4.5pp
1M return
+3.0%
3M return
+2.5%
Industry Stage-2 % · last 20 days
Ranks #4 of 32 Stage 2 stocks in this industry. Top tier.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 14w
S2 15w
S2 16w
S2 23w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 14w → S3 7w → S2 12w → S3 7w → S4 9w → S1 4w → S2 15w → S3 9w → S4 13w → S1 9w → S2 16w → S3 5w → S2 10w → S3 7w → S4 4w → S1 2w → S2 23w current
Total tracked: 167 weeks across 17 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-15
Pullback Hunter
Latest: 2026-10-08
60 appearances in last 60 days. First seen: 2026-08-11.
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
2026-10-16S2
Wk 23 · Vol 0.40x
2026-10-15S2
Wk 23 · Vol 0.08x
2026-10-14S2
Wk 22 · Vol 0.31x
2026-10-13S2
Wk 22 · Vol 0.12x
2026-10-12S2
Wk 22 · Vol 0.11x
2026-10-09S2
Wk 22 · Vol 0.08x
2026-10-08S2
Wk 22 · Vol 0.54x
2026-10-07S2
Wk 21 · Vol 0.10x
2026-10-06S2
Wk 21 · Vol 0.26x
2026-10-05S2
Wk 21 · Vol 0.11x
2026-10-01S2
Wk 21 · Vol 0.12x
2026-09-30S2
Wk 21 · Vol 0.22x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹474
200 DMA
₹344.5
52W High
₹516.1
52W Low
₹232
5D Low
₹472.4
Resistance levels (recent highs)
20d High
₹491.8
60d High
₹516.1
120d High
₹516.1
250d High
₹516.1
Next resistance
+4.1%
to 20d High
Ask the Market AI about INDOBORAXAsk →
P/E (TTM)
23.1
Forward —
Earnings Growth (YoY)
+42.0%
Revenue +20.4%
ROE
+13.9%
Profit margin +23.3%
Dividend Yield
0.30%
P/B 2.9
About this companyMaterials· Commodity Chemicals

Indo Borax & Chemicals Limited manufactures and sells boron and lithium products in India. It offers borax products, such as decahydrate crystals and granular; boric acid products that include boric acid Indian pharmacopoeia grade, and technical grade granular, and powders; lithium hydroxide monohydrate products; boron oxide; and disodium octaborate tetrahydrate. The company was incorporated in 1980 and is based in 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.