JKTYRE - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 4.2
| Stock Code | JKTYRE | Market Cap | 15,768 Cr. | Current Price | 547 ₹ | High / Low | 556 ₹ |
| Stock P/E | 32.3 | Book Value | 162 ₹ | Dividend Yield | 0.55 % | ROCE | 12.1 % |
| ROE | 9.71 % | Face Value | 2.00 ₹ | DMA 50 | 490 ₹ | DMA 200 | 420 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | 0.30 % | PAT Qtr | 167 Cr. | PAT Prev Qtr | 173 Cr. |
| RSI | 66.7 | MACD | 10.4 | Volume | 18,12,158 | Avg Vol 1Wk | 12,33,868 |
| Low price | 232 ₹ | High price | 556 ₹ | PEG Ratio | 1.09 | Debt to equity | 0.59 |
| 52w Index | 97.4 % | Qtr Profit Var | 64.3 % | EPS | 17.5 ₹ | Industry PE | 30.2 |
📊 JK Tyre (JKTYRE) shows strong momentum with the stock trading near its 52-week high (556 ₹) and above both 50 DMA (490 ₹) and 200 DMA (420 ₹). RSI at 66.7 indicates bullish strength but is approaching overbought territory. MACD at 10.4 confirms positive momentum. Fundamentals are moderate with ROCE (12.1%) and ROE (9.71%), while valuations are slightly above industry average (P/E 32.3 vs. 30.2). Overall, it is a good candidate for swing trading with short-term upside potential.
💡 Optimal Entry Price: Around 530 ₹ – 540 ₹ (near support zone).
🚪 Exit Strategy: If already holding, consider exiting near 555 ₹ – 565 ₹ (close to 52-week high resistance) or place a stop-loss below 520 ₹.
✅ Positive
- Stock trading above both 50 DMA and 200 DMA shows strong bullish trend.
- Quarterly profit variation of 64.3% highlights robust earnings growth.
- Institutional interest rising with FII (+0.83%) and DII (+0.30%) increases.
- EPS of 17.5 ₹ provides earnings visibility.
⚠️ Limitation
- ROCE (12.1%) and ROE (9.71%) are modest compared to industry leaders.
- RSI at 66.7 indicates overbought levels, raising risk of short-term correction.
- Debt-to-equity ratio of 0.59 is relatively high for the sector.
📉 Company Negative News
- Quarterly PAT declined slightly from 173 Cr. to 167 Cr., showing short-term weakness.
- Stock trading very close to 52-week high may limit immediate upside.
📈 Company Positive News
- Strong trading volume (18.1 lakh vs. 12.3 lakh average) indicates high investor interest.
- Institutional buying supports confidence in the company.
- Stock has delivered strong momentum, trading at 97.4% of its 52-week range.
🏭 Industry
- Industry PE at 30.2 vs. JKTYRE PE at 32.3 suggests slight overvaluation compared to peers.
- Auto and tyre sector benefits from rising demand in commercial and passenger vehicles.
🔎 Conclusion
JK Tyre is technically strong with bullish momentum and rising institutional support, though fundamentals are moderate and valuations slightly stretched. Swing traders may enter near 530 ₹ – 540 ₹ with a target around 555 ₹ – 565 ₹. Stop-loss below 520 ₹ is recommended. The stock offers good swing trade potential with a rating of 4.2.