BLUEJET - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 4.1
| Stock Code | BLUEJET | Market Cap | 8,258 Cr. | Current Price | 475 ₹ | High / Low | 1,028 ₹ |
| Stock P/E | 28.1 | Book Value | 72.4 ₹ | Dividend Yield | 0.25 % | ROCE | 39.8 % |
| ROE | 30.2 % | Face Value | 2.00 ₹ | DMA 50 | 409 ₹ | DMA 200 | 522 ₹ |
| Chg in FII Hold | -0.25 % | Chg in DII Hold | -0.14 % | PAT Qtr | 40.2 Cr. | PAT Prev Qtr | 52.1 Cr. |
| RSI | 73.0 | MACD | 20.1 | Volume | 8,69,427 | Avg Vol 1Wk | 5,92,414 |
| Low price | 325 ₹ | High price | 1,028 ₹ | PEG Ratio | 1.55 | Debt to equity | 0.02 |
| 52w Index | 21.3 % | Qtr Profit Var | -59.4 % | EPS | 16.9 ₹ | Industry PE | 30.2 |
BlueJet (BLUEJET) shows strong fundamentals and bullish technical signals, making it a good candidate for swing trading. The stock is currently priced at ₹475, above its 50 DMA (₹409) but below its 200 DMA (₹522), suggesting short-term strength with medium-term resistance. ROCE (39.8%) and ROE (30.2%) are excellent, reflecting efficient capital use. The P/E ratio (28.1) is slightly below the industry average (30.2), making valuation reasonable. Technical indicators (RSI 73.0, MACD positive) suggest strong momentum, though RSI indicates overbought conditions. Quarterly PAT declined (₹52.1 Cr. → ₹40.2 Cr.), which is a cautionary sign.
🔑 Optimal Entry Price: ₹450–460, closer to support levels around ₹440.
📈 Exit Strategy (if already holding): Consider exiting near ₹520–540 resistance zone, or if price fails to sustain above ₹470 with volume confirmation.
✅ Positive
- Excellent ROCE (39.8%) and ROE (30.2%)
- EPS at ₹16.9, showing strong earnings
- Low debt-to-equity ratio (0.02)
- Stock trading above 50 DMA, indicating short-term strength
⚠️ Limitation
- RSI at 73.0, indicating overbought conditions
- Quarterly PAT declined from ₹52.1 Cr. to ₹40.2 Cr.
- Both FII (-0.25%) and DII (-0.14%) holdings decreased
📉 Company Negative News
- Recent quarterly profit decline (-59.4% variation)
- Institutional investors slightly reducing stake
📈 Company Positive News
- Strong fundamentals with high ROCE and ROE
- Valuation reasonable compared to industry average
- Positive technical momentum (MACD positive, price above 50 DMA)
🏭 Industry
- Industry P/E at 30.2, slightly higher than BlueJet’s valuation
- Sector outlook remains favorable with growth opportunities
🔮 Conclusion
BlueJet is a strong candidate for swing trading with excellent fundamentals and bullish technicals. Entry near ₹450–460 with a stop-loss below ₹440 is advisable. Exit near ₹520–540 if momentum continues. Overbought RSI and declining quarterly profits are risks, so traders should manage positions with caution.