JINDALSTEL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | JINDALSTEL | Market Cap | 1,18,921 Cr. | Current Price | 1,166 ₹ | High / Low | 1,181 ₹ |
| Stock P/E | 27.0 | Book Value | 515 ₹ | Dividend Yield | 0.17 % | ROCE | 11.7 % |
| ROE | 9.37 % | Face Value | 1.00 ₹ | DMA 50 | 1,062 ₹ | DMA 200 | 1,008 ₹ |
| Chg in FII Hold | -0.41 % | Chg in DII Hold | 0.36 % | PAT Qtr | 710 Cr. | PAT Prev Qtr | 921 Cr. |
| RSI | 66.6 | MACD | 30.2 | Volume | 23,68,900 | Avg Vol 1Wk | 24,31,572 |
| Low price | 770 ₹ | High price | 1,181 ₹ | PEG Ratio | -1.39 | Debt to equity | 0.13 |
| 52w Index | 96.5 % | Qtr Profit Var | -39.0 % | EPS | 32.6 ₹ | Industry PE | 21.6 |
📊 Analysis: JINDALSTEL is trading at ₹1,166, very close to its 52-week high of ₹1,181, showing strong bullish momentum. RSI at 66.6 suggests the stock is approaching overbought territory, while MACD at 30.2 confirms strong positive momentum. Current volume (23.6 lakh) is slightly below the 1-week average (24.3 lakh), indicating moderate intraday participation. The stock is trading well above both 50 DMA (₹1,062) and 200 DMA (₹1,008), reflecting strong technical support. Fundamentals are moderate with ROCE 11.7% and ROE 9.37%, though high P/E (27 vs industry 21.6) and declining quarterly PAT (-39%) raise caution. Intraday setup favors tactical trades near support with quick profit booking.
💡 Optimal Buy Price: ₹1,160–₹1,170 (near support zone).
🎯 Profit-Taking Levels: ₹1,180–₹1,190 (short-term resistance, near 52-week high).
🛡️ Stop-Loss: ₹1,145 (to protect against downside risk).
⏱️ Exit Strategy if Already Holding: Exit if price fails to sustain above ₹1,165 with weakening momentum or if RSI crosses into extreme overbought (>70). If intraday rally continues, consider booking profits around ₹1,180–₹1,190. Avoid holding beyond resistance unless strong breakout signals appear with volume confirmation.
✅ Positive
- Trading well above both 50 DMA and 200 DMA, showing strong technical support.
- MACD positive (30.2), confirming bullish momentum.
- EPS of ₹32.6 reflects earnings capability.
- DII holdings increased (+0.36%), showing domestic institutional support.
- Low debt-to-equity ratio (0.13) ensures financial stability.
⚠️ Limitation
- RSI at 66.6 indicates near overbought levels, limiting upside potential.
- Quarterly PAT declined (₹710 Cr vs ₹921 Cr), a -39% drop.
- Volume slightly lower than 1-week average, limiting intraday strength.
- P/E of 27 is higher than industry PE of 21.6, suggesting mild overvaluation.
📉 Company Negative News
- Quarterly profit decline highlights earnings pressure.
- FII holdings decreased (-0.41%), showing reduced foreign investor confidence.
📈 Company Positive News
- Strong technical breakout above moving averages.
- DII stake increase reflects domestic institutional confidence.
- Stock trading near 52-week high, showing strong investor sentiment.
🏭 Industry
- Industry PE at 21.6 is lower than JINDALSTEL’s PE, highlighting relative overvaluation.
- Steel sector remains cyclical but benefits from infrastructure demand and global commodity trends.
🔎 Conclusion
JINDALSTEL shows strong technical momentum and institutional support, making it a good candidate for intraday trading. Traders should buy near support with tight stop-loss and book profits quickly around resistance levels. Caution is advised due to overvaluation and declining quarterly profits, but momentum favors tactical intraday trades.