BLUEJET - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.7
| Stock Code | BLUEJET | Market Cap | 8,863 Cr. | Current Price | 511 ₹ | High / Low | 1,028 ₹ |
| Stock P/E | 35.8 | Book Value | 78.4 ₹ | Dividend Yield | 0.23 % | ROCE | 26.5 % |
| ROE | 19.9 % | Face Value | 2.00 ₹ | DMA 50 | 456 ₹ | DMA 200 | 508 ₹ |
| Chg in FII Hold | -0.25 % | Chg in DII Hold | -0.14 % | PAT Qtr | 64.3 Cr. | PAT Prev Qtr | 40.2 Cr. |
| RSI | 63.0 | MACD | 17.4 | Volume | 10,03,428 | Avg Vol 1Wk | 7,62,834 |
| Low price | 325 ₹ | High price | 1,028 ₹ | PEG Ratio | 2.26 | Debt to equity | 0.03 |
| 52w Index | 26.4 % | Qtr Profit Var | -41.6 % | EPS | 14.3 ₹ | Industry PE | 32.1 |
📊 Analysis:
BLUEJET shows moderate intraday potential. RSI at 63.0 indicates slightly overbought conditions, while MACD at 17.4 reflects strong bullish momentum. Current price (511 ₹) is trading above the 50 DMA (456 ₹) and near the 200 DMA (508 ₹), showing short-term strength but medium-term resistance. Volume (10,03,428) is above the weekly average (7,62,834), confirming strong participation.
Optimal buy zone: 505–512 ₹.
Profit-taking levels: 525–535 ₹.
Stop-loss: 495 ₹.
If already holding, exit intraday if price fails to sustain above 505 ₹ or RSI weakens below 60 with declining volume. Partial profit booking is advisable if price sustains above 525 ₹ with strong momentum.
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✅ Positive
- Strong ROCE (26.5%) and ROE (19.9%) highlight efficiency.
- EPS of 14.3 ₹ supports valuation strength.
- Price trading above both 50 DMA and 200 DMA confirms bullish bias.
- Low debt-to-equity (0.03) ensures financial stability.
⚠️ Limitation
- RSI at 63.0 indicates near overbought conditions.
- Quarterly PAT decline (-41.6%) highlights earnings pressure.
- PEG ratio (2.26) suggests expensive growth pricing.
- High volatility with wide 52w range (325 ₹ – 1,028 ₹).
📉 Company Negative News
- FII holdings reduced (-0.25%), showing foreign investor caution.
- DII holdings reduced (-0.14%), reflecting domestic caution.
📈 Company Positive News
- PAT improved sequentially (40.2 Cr. → 64.3 Cr.), showing recovery.
- EPS and valuation metrics remain attractive compared to peers.
🏭 Industry
- Aviation sector trades at industry PE of 32.1.
- Sector outlook supported by rising passenger demand and expansion of air travel services.
🔎 Conclusion
⚖️ BLUEJET is a fair intraday candidate today with strong momentum but limited upside due to earnings pressure and stretched valuations. Buy near 505–512 ₹, target 525–535 ₹, and maintain a strict stop-loss at 495 ₹. Exit intraday if price weakens below 505 ₹ or RSI drops under 60 with low volume. Risk-managed execution is essential given sector volatility.
Would you like me to extend this into an aviation sector intraday overlay comparing BlueJet with Indigo and SpiceJet for sharper benchmarking?