J&KBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | J&KBANK | Market Cap | 11,215 Cr. | Current Price | 102 ₹ | High / Low | 117 ₹ |
| Stock P/E | 5.22 | Book Value | 143 ₹ | Dividend Yield | 2.11 % | ROCE | 6.14 % |
| ROE | 15.7 % | Face Value | 1.00 ₹ | DMA 50 | 103 ₹ | DMA 200 | 104 ₹ |
| Chg in FII Hold | 0.29 % | Chg in DII Hold | 0.08 % | PAT Qtr | 587 Cr. | PAT Prev Qtr | 494 Cr. |
| RSI | 47.7 | MACD | 0.52 | Volume | 17,55,264 | Avg Vol 1Wk | 32,73,660 |
| Low price | 82.0 ₹ | High price | 117 ₹ | PEG Ratio | 0.09 | Debt to equity | 10.0 |
| 52w Index | 56.4 % | Qtr Profit Var | 10.4 % | EPS | 19.5 ₹ | Industry PE | 15.8 |
📈 Chart & Trend Analysis: J&KBANK is trading at ₹102, slightly below its 50 DMA (₹103) and 200 DMA (₹104), signaling mild weakness. RSI at 47.7 suggests neutral momentum, neither overbought nor oversold. MACD at 0.52 indicates a mild bullish crossover, hinting at possible short-term recovery. Bollinger Bands show price near the mid-to-lower band, suggesting consolidation. Current volume (17.6L) is below the 1-week average (32.7L), reflecting reduced participation.
🔑 Momentum Signals: Short-term momentum is neutral-to-bullish with immediate support at ₹100 and major support at ₹95. Resistance lies at ₹110–₹117 (recent high zone). Optimal entry zone: ₹100–₹103. Exit zone: ₹110–₹117 for short-term traders. Trend status: Consolidating with mild bullish bias.
Positive ✅
- Low P/E (5.22) compared to industry PE (15.8), suggesting undervaluation.
- Strong ROE (15.7%) highlights efficient profitability relative to equity.
- Dividend yield of 2.11% adds investor appeal.
- Quarterly PAT growth (₹587 Cr vs ₹494 Cr) shows earnings momentum.
- EPS of ₹19.5 reflects solid profitability base.
Limitation ⚠️
- Stock trading marginally below both 50 DMA and 200 DMA, showing weak technical strength.
- ROCE (6.14%) is modest compared to sector leaders.
- Debt-to-equity ratio of 10.0 indicates high leverage risk.
- Volume trend weaker than average, showing lack of strong buying support.
Company Negative News 📉
- High leverage (Debt-to-equity 10.0) raises financial risk concerns.
- Stock has fallen from 52-week high of ₹117 to ₹102, limiting upside sentiment.
Company Positive News 📊
- FII holding increased (+0.29%), showing foreign investor confidence.
- DII holding also increased (+0.08%), reflecting domestic institutional support.
- Quarterly profit variation of 10.4% indicates operational resilience.
Industry 🌐
- Industry PE at 15.8 is significantly higher than J&KBANK’s PE of 5.22, suggesting undervaluation compared to peers.
- Banking sector outlook remains positive with credit growth and improving asset quality.
Conclusion 📝
J&KBANK is currently consolidating with a mild bullish bias, trading near its moving averages. Fundamentals show strong ROE, undervaluation, and institutional support, but high leverage remains a concern. Risk-tolerant traders may consider entries near ₹100–₹103 with exits around ₹110–₹117, while long-term investors may hold for value-driven upside as sector fundamentals improve.
Would you like me to also prepare a peer benchmarking overlay comparing J&KBANK with peers like Federal Bank, IDFC First Bank, and RBL Bank to highlight relative strength and valuation?