JINDALSAW - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | JINDALSAW | Market Cap | 11,022 Cr. | Current Price | 172 ₹ | High / Low | 286 ₹ |
| Stock P/E | 9.63 | Book Value | 192 ₹ | Dividend Yield | 1.16 % | ROCE | 20.9 % |
| ROE | 17.4 % | Face Value | 1.00 ₹ | DMA 50 | 173 ₹ | DMA 200 | 200 ₹ |
| Chg in FII Hold | -1.26 % | Chg in DII Hold | -0.85 % | PAT Qtr | 227 Cr. | PAT Prev Qtr | 79.3 Cr. |
| RSI | 49.7 | MACD | 2.99 | Volume | 13,07,368 | Avg Vol 1Wk | 30,77,856 |
| Low price | 153 ₹ | High price | 286 ₹ | PEG Ratio | 0.14 | Debt to equity | 0.28 |
| 52w Index | 14.6 % | Qtr Profit Var | -52.5 % | EPS | 17.9 ₹ | Industry PE | 18.7 |
📉 Chart & Trend Analysis: JINDALSAW is trading at ₹172, slightly below its 50 DMA (₹173) and well below its 200 DMA (₹200), signaling weak technical strength. RSI at 49.7 suggests neutral momentum, neither overbought nor oversold. MACD at 2.99 indicates mild bullish crossover, hinting at possible short-term recovery. Bollinger Bands show price near the mid-band, suggesting consolidation. Current volume (13.1L) is significantly below the 1-week average (30.8L), reflecting weak participation.
🔑 Momentum Signals: Short-term momentum is neutral-to-bullish with immediate support at ₹170 and major support at ₹153 (recent low). Resistance lies at ₹180–₹200 (DMA200 zone). Optimal entry zone: ₹168–₹172 for risk-managed traders. Exit zone: ₹180–₹200 if recovery occurs. Trend status: Consolidating with mild bullish bias.
Positive ✅
- Strong ROCE (20.9%) and ROE (17.4%) highlight efficient capital use.
- Low debt-to-equity (0.28) ensures financial stability.
- Dividend yield of 1.16% adds investor appeal.
- EPS of ₹17.9 reflects consistent profitability base.
- PEG ratio of 0.14 indicates attractive valuation relative to growth.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA, confirming weak technical strength.
- Volume trend significantly weaker than average, showing lack of strong buying support.
- Quarterly profit variation (-52.5%) highlights earnings volatility.
Company Negative News 📉
- FII holding decreased (-1.26%), showing reduced foreign investor confidence.
- DII holding also slipped (-0.85%), reflecting cautious domestic sentiment.
- Stock has fallen sharply from 52-week high of ₹286 to ₹172, eroding sentiment.
Company Positive News 📊
- Quarterly PAT improved to ₹227 Cr from ₹79.3 Cr, showing strong earnings momentum.
- Strong fundamentals with low debt and high ROCE/ROE support long-term stability.
Industry 🌐
- Industry PE at 18.7 is higher than JINDALSAW’s PE of 9.63, suggesting undervaluation compared to peers.
- Steel and pipe manufacturing sector outlook remains positive with infrastructure demand driving growth.
Conclusion 📝
JINDALSAW is currently consolidating with a mild bullish bias, trading near its 50 DMA but below the 200 DMA. Fundamentals show strong ROCE/ROE and undervaluation relative to peers, but weak volume and earnings volatility remain concerns. Risk-tolerant traders may consider entries near ₹168–₹172 with exits around ₹180–₹200, while long-term investors may hold for value-driven upside as sector demand improves.
Would you like me to also prepare a peer benchmarking overlay comparing JINDALSAW with peers like Jindal Steel, Welspun Corp, and Tata Steel Pipes to highlight relative strength and valuation?