NIPPOBATRY· Industrials› Batteries

Indo National Ltd

Stage 4 · Declining · week 13

As of 16 Oct 2026, Indo National is in Stage 4 — declining, a downtrend, in week 13 (since 21 Jul 2026). It closed at ₹312, 31.1% below its 52-week high and below its 200-day average, which is falling. In Industrials, 26.3% of stocks are in Stage 2.

Indo National Limited manufactures and distributes dry cell batteries, rechargeable batteries, flashlights, and general lighting products in India. More about the company

₹312.4
+1.10% today
₹234 Cr · Micro cap
Market Neutral — FadingIndustrials 26.3% in Stage 2-1.5 pts / 20dBatteries 0.0%-40.0 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

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Momentum

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₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-31.1%
₹259.3 lo₹453.1 hi
31.1% 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 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
-8.8%
200 DMA: ₹342.3 · 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
0.34x
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 · -1.5% vs MA50 -1.5%
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
-3.5%
3M
-6.4%
6M
-2.6%
YTD
-23.7%
1Y
-31.2%
Sector
Industrials
↓ Peaking
Stage 2%
26.3%
20d Δ
-1.5pp
1M return
-0.9%
3M return
-2.4%
Sector Stage-2 % · last 20 days
Sector has 129 Stage 2 leaders. See Industrials Stage 2 →
Industry
Batteries
↓ Peaking
Stage 2%
0.0%
20d Δ
-40.0pp
1M return
-0.1%
3M return
-6.3%
Industry Stage-2 % · last 20 days
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 30w
S3 17w
S4 16w
S4 30w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 30w → S3 17w → S4 11w → S1 7w → S4 11w → S1 1w → S4 16w → S1 9w → S4 10w → S1 4w → S4 30w → S1 10w → S4 13w current
Total tracked: 168 weeks across 13 stage runs.
Scan Membership
Not in any current scan.
Recent Stage Timeline
2026-10-16S4
Wk 13 · Vol 0.34x
2026-10-15S4
Wk 13 · Vol 0.39x
2026-10-14S4
Wk 12 · Vol 0.67x
2026-10-13S4
Wk 12 · Vol 0.54x
2026-10-12S4
Wk 12 · Vol 0.22x
2026-10-09S4
Wk 12 · Vol 0.39x
2026-10-08S4
Wk 12 · Vol 0.23x
2026-10-07S4
Wk 11 · Vol 0.36x
2026-10-06S4
Wk 11 · Vol 0.18x
2026-10-05S4
Wk 11 · Vol 1.23x
2026-10-01S4
Wk 11 · Vol 0.55x
2026-09-30S4
Wk 11 · Vol 0.82x
Sector Peers — Stage 2All →
BHAGYANGR
wk 25 · 0.0% from hi
9.8
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHIVAUM
wk 28 · 0.0% from hi
8.4
SHREEJISPG
wk 17 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
Moving averages & range
50 DMA
₹322.8
200 DMA
₹342.3
52W High
₹453.1
52W Low
₹259.3
5D Low
₹307.2
Resistance levels (recent highs)
20d High
₹329.6
60d High
₹333.5
120d High
₹445
250d High
₹453.1
Next resistance
+5.5%
to 20d High
Ask the Market AI about NIPPOBATRYAsk →
Earnings Growth (YoY)
-26.0%
Revenue +7.3%
Dividend Yield
1.75%
P/B 0.9
About this companyIndustrials· Batteries

Indo National Limited manufactures and distributes dry cell batteries, rechargeable batteries, flashlights, and general lighting products in India. It offers alkaline and zinc batteries; battery operated and rechargeable torches; LED lighting, including battens, spotlight, down and panel light, rechargeable bulbs, and regular bulbs. The company also provides spike guards and flex boxes; mosquito swatters, and liquid vaporizer; electrical products; other FMCG products; and razors and blades under DORCO brand. The company was formerly known as Nippo Batteries Co. Ltd. and changed its name to Indo National Limited in April 2013. Indo National Limited was incorporated in 1972 and is headquartered in Chennai, 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.