JINDALSAW - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.7
| Stock Code | JINDALSAW | Market Cap | 16,908 Cr. | Current Price | 264 ₹ | High / Low | 268 ₹ |
| Stock P/E | 21.4 | Book Value | 197 ₹ | Dividend Yield | 0.76 % | ROCE | 8.89 % |
| ROE | 6.44 % | Face Value | 1.00 ₹ | DMA 50 | 230 ₹ | DMA 200 | 211 ₹ |
| Chg in FII Hold | -0.63 % | Chg in DII Hold | 2.29 % | PAT Qtr | 114 Cr. | PAT Prev Qtr | 227 Cr. |
| RSI | 63.9 | MACD | 6.15 | Volume | 39,70,917 | Avg Vol 1Wk | 29,99,057 |
| Low price | 153 ₹ | High price | 268 ₹ | PEG Ratio | 1.83 | Debt to equity | 0.22 |
| 52w Index | 97.0 % | Qtr Profit Var | -76.0 % | EPS | 12.3 ₹ | Industry PE | 21.8 |
Jindal Saw (JINDALSAW) shows moderate potential for swing trading. The current price of ₹264 is above both the 50 DMA (₹230) and 200 DMA (₹211), reflecting bullish momentum. RSI at 63.9 suggests moderately strong momentum, while MACD at 6.15 confirms positive sentiment. Fundamentals are modest with ROCE at 8.89% and ROE at 6.44%. EPS of ₹12.3 and P/E of 21.4 are in line with the industry PE of 21.8, suggesting fair valuation. Debt-to-equity at 0.22 is manageable. However, quarterly PAT declined sharply (₹227 Cr. → ₹114 Cr.), showing weakness. Overall, the stock is technically strong but faces fundamental challenges.
✅ Optimal Entry Price: Around ₹250–₹255 (near support zone)
📈 Exit Strategy (if already holding): Consider exiting near ₹268–₹270 (resistance zone close to recent high).
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🌟 Positive
- 📈 Trading above both 50 DMA and 200 DMA confirms bullish trend.
- 📊 Manageable [debt-to-equity](ca://s?q=Debt_to_equity_ratio) ratio of 0.22.
- 💡 Dividend yield of 0.76% adds shareholder value.
- 📊 Valuation fair with P/E of 21.4 vs industry PE of 21.8.
- 📈 Strong 52-week index performance (+97%).
⚠️ Limitation
- 📉 Weak [ROCE](ca://s?q=Explain_ROCE) (8.89%) and [ROE](ca://s?q=Explain_ROE) (6.44%).
- 📊 Quarterly PAT declined sharply (₹227 Cr. → ₹114 Cr.).
- 📉 PEG ratio of 1.83 indicates stretched valuation relative to growth.
- 📊 RSI near 64 suggests limited immediate upside.
📰 Company Negative News
- 📉 Profit variation (-76%) highlights operational weakness.
- 📊 Decline in foreign institutional investor confidence (-0.63%).
📢 Company Positive News
- 💡 Domestic institutional investor confidence increased (+2.29%).
- 📈 Stock trading near 52-week highs (₹268), reflecting investor optimism.
🏭 Industry
- 📊 Industry PE (21.8) is in line with JINDALSAW’s PE (21.4), suggesting fair valuation.
- 🏗️ Steel and pipe manufacturing sector outlook remains positive with infrastructure demand.
✅ Conclusion
JINDALSAW is a moderately strong swing trade candidate. Entry near ₹250–₹255 offers a potential setup, with exit targets around ₹268–₹270. Traders should be cautious of declining profits and modest returns, but short-term technicals support a swing trade opportunity.
Would you like me to also compare JINDALSAW’s swing trade setup with peers like Jindal Steel & Power or Tata Steel to highlight relative opportunities in the steel sector?