BLUEJET - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.0
| Stock Code | BLUEJET | Market Cap | 6,332 Cr. | Current Price | 366 ₹ | High / Low | 1,028 ₹ |
| Stock P/E | 21.6 | Book Value | 72.4 ₹ | Dividend Yield | 0.33 % | ROCE | 39.8 % |
| ROE | 30.2 % | Face Value | 2.00 ₹ | DMA 50 | 419 ₹ | DMA 200 | 561 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 1.02 % | PAT Qtr | 40.2 Cr. | PAT Prev Qtr | 52.1 Cr. |
| RSI | 42.1 | MACD | -14.2 | Volume | 6,29,617 | Avg Vol 1Wk | 7,55,044 |
| Low price | 344 ₹ | High price | 1,028 ₹ | PEG Ratio | 1.19 | Debt to equity | 0.02 |
| 52w Index | 3.14 % | Qtr Profit Var | -59.4 % | EPS | 16.9 ₹ | Industry PE | 27.2 |
📊 Analysis: BLUEJET is trading at ₹366, well below its 50 DMA (₹419) and 200 DMA (₹561), reflecting bearish sentiment. RSI at 42.1 indicates neutral-to-weak momentum, while MACD at -14.2 confirms negative bias. Current volume (6,29,617) is lower than the 1-week average (7,55,044), showing reduced intraday participation. Fundamentals remain strong with high ROCE and ROE, but weak technicals and profit decline limit intraday upside potential.
💰 Optimal Buy Price: ₹355–365 (near support zone)
📈 Profit-Taking Levels: ₹380–390 (short-term resistance)
📉 Stop-Loss: ₹345 (below support)
⏳ If Already Holding: Exit intraday if price fails to sustain above ₹375 or if momentum indicators remain weak. A bounce toward ₹380–390 can be used for profit booking, while a breakdown below ₹355 should trigger exit to protect capital.
✅ Positive
- Strong ROCE (39.8%) and ROE (30.2%) highlight excellent efficiency.
- DII holding increased (+1.02%), showing domestic institutional support.
- Low debt-to-equity ratio (0.02) ensures financial stability.
- PEG ratio of 1.19 suggests reasonable valuation relative to growth.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish trend.
- Volume lower than weekly average, limiting intraday momentum.
- Quarterly PAT declined from ₹52.1 Cr. to ₹40.2 Cr.
📉 Company Negative News
- FII holding decreased (-0.69%), showing reduced foreign investor confidence.
- Quarterly profit variation shows -59.4%, reflecting earnings pressure.
📈 Company Positive News
- DII holding increased (+1.02%), reflecting domestic institutional confidence.
- EPS of ₹16.9 supports earnings stability despite profit decline.
🏭 Industry
- Aviation sector remains cyclical, influenced by fuel prices and demand trends.
- Industry P/E at 27.2 shows sector is moderately valued compared to BLUEJET’s P/E (21.6).
🔎 Conclusion
BLUEJET has strong fundamentals and institutional support, but weak technicals and declining profits make intraday trading moderately risky. Suitable for cautious trades near support zones with strict stop-loss discipline. Momentum indicators suggest limited upside unless volume improves significantly.