BLUEJET - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.5
| 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: Blue Jet Aviation (BLUEJET) has strong fundamentals with ROCE at 39.8% and ROE at 30.2%, supported by very low debt-to-equity (0.02). At ₹366, the stock is trading below both its 50 DMA (₹419) and 200 DMA (₹561), showing weak technical momentum. RSI at 42.1 indicates neutral-to-weak strength, while MACD at -14.2 confirms bearish sentiment. The P/E of 21.6 is slightly below the industry average (27.2), suggesting fair valuation. EPS of ₹16.9 and PEG ratio of 1.19 reflect reasonable growth-adjusted value. However, quarterly PAT declined from ₹52.1 Cr. to ₹40.2 Cr. (-59.4%), raising caution. Swing trade potential exists if entered near support levels.
Optimal Entry Price: Around ₹355–₹365, close to current support levels.
Exit Strategy (if already holding): Consider exiting near ₹410–₹420, where resistance aligns with the 50 DMA. A stop-loss near ₹340 is advisable to manage downside risk.
✅ Positive
- Strong ROCE (39.8%) and ROE (30.2%).
- Low debt-to-equity ratio (0.02).
- EPS of ₹16.9 reflects solid earnings power.
- DII holdings increased (+1.02%), showing domestic institutional support.
⚠️ Limitation
- Stock trading below both 50 & 200 DMA.
- RSI and MACD indicate weak momentum.
- Quarterly PAT decline (-59.4%) raises concerns.
- Dividend yield is low (0.33%).
📰 Company Negative News
- Quarterly PAT dropped from ₹52.1 Cr. to ₹40.2 Cr.
- FII holdings decreased (-0.69%), showing reduced foreign investor confidence.
🌟 Company Positive News
- DII holdings increased (+1.02%), showing domestic support.
- Strong ROCE and ROE highlight operational efficiency.
- PEG ratio of 1.19 indicates fair growth-adjusted valuation.
🏭 Industry
- Aviation sector benefits from rising passenger demand and infrastructure expansion.
- Industry P/E at 27.2 indicates moderate valuations compared to Blue Jet’s fair pricing.
📌 Conclusion
Blue Jet Aviation is fundamentally strong with high efficiency and low debt, but faces technical weakness and profit decline. Entry near ₹355–₹365 is favorable, with exit around ₹410–₹420. Swing trade potential exists, but caution is advised due to weak momentum and earnings pressure.