JKTYRE - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.7
| Stock Code | JKTYRE | Market Cap | 11,635 Cr. | Current Price | 404 ₹ | High / Low | 612 ₹ |
| Stock P/E | 16.7 | Book Value | 154 ₹ | Dividend Yield | 0.74 % | ROCE | 12.1 % |
| ROE | 9.71 % | Face Value | 2.00 ₹ | DMA 50 | 435 ₹ | DMA 200 | 433 ₹ |
| Chg in FII Hold | 1.67 % | Chg in DII Hold | -0.05 % | PAT Qtr | 205 Cr. | PAT Prev Qtr | 220 Cr. |
| RSI | 43.2 | MACD | -8.10 | Volume | 7,24,680 | Avg Vol 1Wk | 15,50,843 |
| Low price | 308 ₹ | High price | 612 ₹ | PEG Ratio | 0.56 | Debt to equity | 0.59 |
| 52w Index | 31.5 % | Qtr Profit Var | 236 % | EPS | 23.6 ₹ | Industry PE | 24.0 |
📊 JK Tyre (JKTYRE) shows moderate potential for swing trading. The RSI at 43.2 suggests the stock is nearing oversold territory, while the MACD (-8.10) indicates bearish momentum. The current price (₹404) is below both the 50 DMA (₹435) and 200 DMA (₹433), reflecting short-term weakness. Fundamentals are mixed: ROCE (12.1%) and ROE (9.71%) are modest, but the PEG ratio (0.56) highlights attractive growth prospects. Debt-to-equity (0.59) is manageable, and EPS of ₹23.6 supports earnings strength.
💡 Optimal Entry Price: Around ₹390–₹405, near support levels.
📈 Exit Strategy (if already holding): Consider booking profits near ₹430–₹440, close to DMA resistances, with extended targets at ₹460 if momentum improves.
✅ Positive
- PEG ratio of 0.56 suggests undervaluation relative to growth.
- Quarterly profit variation shows strong YoY growth (236%).
- Dividend yield of 0.74% provides steady returns.
- FII holdings increased (+1.67%), signaling foreign investor confidence.
⚠️ Limitation
- Price trading below both 50 DMA and 200 DMA indicates weakness.
- MACD negative (-8.10) shows bearish momentum.
- ROCE (12.1%) and ROE (9.71%) are modest compared to peers.
📉 Company Negative News
- PAT declined sequentially from ₹220 Cr. to ₹205 Cr.
- Stock trading far below 52-week high (₹612), reflecting weak sentiment.
📈 Company Positive News
- Quarterly profit variation shows 236% YoY growth.
- EPS of ₹23.6 reflects strong earnings power.
- DII holdings stable (-0.05% change), showing limited domestic selling pressure.
🏭 Industry
- Industry PE at 24.0 vs. JKTYRE’s PE of 16.7 suggests undervaluation.
- Auto and tyre sector benefits from rising demand in commercial and passenger vehicles.
🔎 Conclusion
JKTYRE is fundamentally undervalued with strong YoY profit growth but technically weak in the short term. Swing traders may enter near ₹390–₹405, targeting exits around ₹430–₹440. While momentum indicators remain bearish, improving fundamentals and sector demand make it a cautious but viable swing trade candidate.