JKTYRE - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.3
| Stock Code | JKTYRE | Market Cap | 11,890 Cr. | Current Price | 413 ₹ | High / Low | 612 ₹ |
| Stock P/E | 17.0 | Book Value | 154 ₹ | Dividend Yield | 0.73 % | ROCE | 12.1 % |
| ROE | 9.71 % | Face Value | 2.00 ₹ | DMA 50 | 485 ₹ | DMA 200 | 440 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | 0.30 % | PAT Qtr | 205 Cr. | PAT Prev Qtr | 220 Cr. |
| RSI | 33.3 | MACD | -29.9 | Volume | 10,35,181 | Avg Vol 1Wk | 12,81,790 |
| Low price | 232 ₹ | High price | 612 ₹ | PEG Ratio | 0.58 | Debt to equity | 0.59 |
| 52w Index | 47.6 % | Qtr Profit Var | 236 % | EPS | 23.6 ₹ | Industry PE | 24.2 |
📊 JK Tyre (JKTYRE) shows weak technical momentum for swing trading. The RSI at 33.3 indicates oversold conditions, while the MACD (-29.9) is negative, suggesting bearish sentiment. The stock is trading below both its 50 DMA (485 ₹) and 200 DMA (440 ₹), reflecting weakness. The optimal entry price would be near 400–410 ₹. If already holding, consider exiting around 470–490 ₹, where resistance is expected, unless momentum strengthens.
✅ Positive
- Reasonable P/E ratio (17.0) compared to industry average (24.2).
- PEG ratio of 0.58 suggests attractive valuation relative to growth.
- EPS of 23.6 ₹ indicates solid earnings power.
- Institutional confidence with FII (+0.83%) and DII (+0.30%) holdings increasing.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA.
- ROCE (12.1%) and ROE (9.71%) are modest compared to peers.
- Debt-to-equity ratio of 0.59 indicates moderate leverage.
- Dividend yield of 0.73% is modest.
📉 Company Negative News
- Quarterly PAT declined from 220 Cr. to 205 Cr.
- Stock price significantly below 52-week high of 612 ₹.
📈 Company Positive News
- Quarterly profit variation of 236% shows strong growth momentum.
- Institutional investors increasing stake, signaling confidence.
- Stock trading well above 52-week low of 232 ₹, showing recovery potential.
🏭 Industry
- Industry PE at 24.2 vs. JKTYRE’s PE of 17.0 suggests undervaluation.
- Auto and tyre sector benefits from rising demand in commercial and passenger vehicles.
🔎 Conclusion
JK Tyre has attractive valuation and strong profit growth but weak technical signals. For swing trading, it is a cautious candidate. Entry near 400–410 ₹ could be favorable if reversal signs appear. Exit strategy should target 470–490 ₹ unless momentum strengthens. Long-term investors may hold for sectoral growth, but short-term traders should remain cautious due to modest returns and technical weakness.