JBMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | JBMA | Market Cap | 13,839 Cr. | Current Price | 585 ₹ | High / Low | 790 ₹ |
| Stock P/E | 85.4 | Book Value | 51.4 ₹ | Dividend Yield | 0.15 % | ROCE | 14.3 % |
| ROE | 12.1 % | Face Value | 1.00 ₹ | DMA 50 | 559 ₹ | DMA 200 | 620 ₹ |
| Chg in FII Hold | 0.02 % | Chg in DII Hold | 0.01 % | PAT Qtr | 45.6 Cr. | PAT Prev Qtr | 45.1 Cr. |
| RSI | 60.7 | MACD | -14.8 | Volume | 4,78,46,574 | Avg Vol 1Wk | 98,71,197 |
| Low price | 477 ₹ | High price | 790 ₹ | PEG Ratio | -16.4 | Debt to equity | 1.56 |
| 52w Index | 34.6 % | Qtr Profit Var | 50.1 % | EPS | 6.60 ₹ | Industry PE | 25.0 |
📉 Chart & Trend: JBMA is trading above its 50 DMA (₹559) but below its 200 DMA (₹620), with the current price at ₹585. This indicates short-term strength but medium-term caution.
📊 RSI: At 60.7, RSI is moderately strong, suggesting momentum but nearing overbought territory.
📉 MACD: Negative at -14.8, showing weakness despite price stability, indicating possible consolidation.
📈 Bollinger Bands: Price is mid-to-upper range, reflecting strength but with risk of short-term pullback.
📊 Volume: Current volume (4.78 Cr) is significantly higher than average weekly volume (98.7 Lakh), showing strong participation and heightened volatility.
📍 Support & Resistance:
- Strong support: ₹559 (50 DMA)
- Immediate resistance: ₹620 (200 DMA)
- Major resistance: ₹650–₹670
Optimal entry zone: ₹570–₹590 (near support).
Exit zone: ₹615–₹640 (resistance cluster).
🔎 Trend Status: The stock is consolidating with mild bullish bias. A breakout above ₹620 could trigger a reversal towards ₹650+.
Positive
- ROCE (14.3%) and ROE (12.1%) indicate decent capital efficiency.
- EPS at ₹6.60 supports earnings visibility.
- Quarterly PAT growth (₹45.6 Cr vs ₹45.1 Cr) shows stability.
- Strong 52-week index performance at 34.6% reflects resilience.
Limitation
- Trading below 200 DMA signals medium-term weakness.
- MACD negative shows lack of strong momentum.
- P/E of 85.4 compared to industry PE of 25.0 indicates steep overvaluation.
- PEG ratio of -16.4 reflects poor earnings growth visibility.
- Debt-to-equity ratio of 1.56 indicates high leverage risk.
Company Negative News
- High valuation multiples may limit upside in near term.
- Debt levels remain elevated, increasing financial risk.
Company Positive News
- Quarterly profit variation of 50.1% indicates strong growth momentum.
- FII (+0.02%) and DII (+0.01%) holdings increased slightly, showing institutional support.
Industry
- Industry PE at 25.0 vs JBMA’s PE of 85.4 shows relative premium valuation.
- Auto ancillary sector outlook remains positive with rising demand and supply chain recovery.
Conclusion
⚖️ JBMA is consolidating with mild bullish bias near support. Short-term traders may consider entry around ₹570–₹590 with exits near ₹615–₹640. Long-term investors should be cautious given high leverage and steep valuation, waiting for confirmation above ₹620 before adding positions.
Would you like me to extend this into an auto ancillary basket overlay (JBMA vs peers like Motherson Sumi, Bosch, Bharat Forge) so you can benchmark its setup against sector leaders for confirmation signals?