JINDALSTEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | JINDALSTEL | Market Cap | 1,12,543 Cr. | Current Price | 1,102 ₹ | High / Low | 1,170 ₹ |
| Stock P/E | 25.6 | Book Value | 515 ₹ | Dividend Yield | 0.18 % | ROCE | 11.7 % |
| ROE | 9.37 % | Face Value | 1.00 ₹ | DMA 50 | 1,051 ₹ | DMA 200 | 1,004 ₹ |
| Chg in FII Hold | -0.41 % | Chg in DII Hold | 0.36 % | PAT Qtr | 710 Cr. | PAT Prev Qtr | 921 Cr. |
| RSI | 57.4 | MACD | 23.2 | Volume | 15,66,874 | Avg Vol 1Wk | 28,37,938 |
| Low price | 750 ₹ | High price | 1,170 ₹ | PEG Ratio | -1.32 | Debt to equity | 0.13 |
| 52w Index | 83.8 % | Qtr Profit Var | -39.0 % | EPS | 32.6 ₹ | Industry PE | 20.7 |
📈 Chart & Trend Analysis: JINDALSTEL is trading at ₹1,102, above both its 50 DMA (₹1,051) and 200 DMA (₹1,004), signaling strong technical positioning. RSI at 57.4 suggests neutral-to-bullish momentum. MACD at 23.2 confirms bullish crossover, supporting upward bias. Bollinger Bands show price near the upper band, indicating positive momentum but with potential resistance. Current volume (15.7L) is below the 1-week average (28.4L), reflecting reduced participation despite bullish signals.
🔑 Momentum Signals: Short-term momentum is bullish with immediate support at ₹1,051 (DMA50) and major support at ₹1,004 (DMA200). Resistance lies at ₹1,150–₹1,170 (recent high zone). Optimal entry zone: ₹1,080–₹1,100. Exit zone: ₹1,150–₹1,170 for short-term traders. Trend status: Trending upward.
Positive ✅
- Trading above both 50 DMA and 200 DMA, confirming bullish technical strength.
- Strong 52-week performance index at 83.8% highlights relative strength.
- Low debt-to-equity (0.13) ensures financial stability.
- EPS of ₹32.6 provides a solid profitability base.
- DII holding increased (+0.36%), reflecting domestic institutional support.
Limitation ⚠️
- High P/E (25.6) compared to industry PE (20.7) suggests modest overvaluation.
- PEG ratio (-1.32) highlights poor growth-adjusted valuation.
- ROCE (11.7%) and ROE (9.37%) are modest compared to sector leaders.
- Volume trend weaker than average, showing lack of strong buying support.
Company Negative News 📉
- FII holding decreased (-0.41%), showing reduced foreign investor confidence.
- Quarterly PAT dropped to ₹710 Cr from ₹921 Cr, a decline of 39.0%.
Company Positive News 📊
- DII inflows (+0.36%) highlight domestic confidence in the company.
- Strong technical positioning above key moving averages supports bullish bias.
Industry 🌐
- Industry PE at 20.7 is lower than JINDALSTEL’s PE of 25.6, suggesting sector peers may be more attractively valued.
- Steel sector outlook remains positive with infrastructure demand driving growth.
Conclusion 📝
JINDALSTEL is currently trending upward, supported by strong technical positioning above key moving averages. While fundamentals show profitability and institutional support, high valuation and declining profits remain concerns. Risk-tolerant traders may consider entries near ₹1,080–₹1,100 with exits around ₹1,150–₹1,170, while long-term investors should monitor earnings growth and volume trends for sustained momentum.
Would you like me to also prepare a peer benchmarking overlay comparing JINDALSTEL with JSW Steel, Tata Steel, and SAIL to highlight relative strength and valuation?