JINDALSTEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | JINDALSTEL | Market Cap | 1,24,767 Cr. | Current Price | 1,223 ₹ | High / Low | 1,306 ₹ |
| Stock P/E | 28.3 | Book Value | 515 ₹ | Dividend Yield | 0.16 % | ROCE | 11.7 % |
| ROE | 9.37 % | Face Value | 1.00 ₹ | DMA 50 | 1,195 ₹ | DMA 200 | 1,091 ₹ |
| Chg in FII Hold | 0.17 % | Chg in DII Hold | 0.04 % | PAT Qtr | 710 Cr. | PAT Prev Qtr | 921 Cr. |
| RSI | 50.5 | MACD | 21.1 | Volume | 9,14,095 | Avg Vol 1Wk | 10,34,334 |
| Low price | 833 ₹ | High price | 1,306 ₹ | PEG Ratio | -1.46 | Debt to equity | 0.13 |
| 52w Index | 82.5 % | Qtr Profit Var | -39.0 % | EPS | 32.6 ₹ | Industry PE | 22.9 |
📊 Chart & Indicators
- Current price (₹1,223) is above DMA 50 (₹1,195) and DMA 200 (₹1,091), confirming bullish momentum.
- RSI at 50.5 indicates neutral momentum, neither overbought nor oversold.
- MACD at 21.1 shows bullish crossover, supporting upward bias.
- Bollinger Bands: price near mid-band, suggesting consolidation with mild bullish tilt.
- Volume (9.1 Lakh) below average (10.3 Lakh), showing reduced participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹1,200 – ₹1,225 (near DMA support).
- **Exit Zone:** ₹1,285 – ₹1,306 (recent high resistance).
- **Stop-Loss:** Below ₹1,180 (DMA 50 breakdown risk).
📈 Trend Status
- The stock is **consolidating with bullish undertone**.
- Sustaining above ₹1,225 could trigger momentum toward ₹1,285+.
- Weak volume suggests cautious accumulation.
✅ Positive
- Price trading above both DMA 50 and DMA 200.
- EPS at ₹32.6 with fair valuation (P/E 28.3 vs industry 22.9).
- Low debt-to-equity ratio (0.13).
- Strong 52-week index gain of 82.5%.
- Institutional inflows: FII (+0.17%) and DII (+0.04%).
⚠️ Limitation
- Quarterly PAT declined (₹921 Cr. → ₹710 Cr., -39%).
- ROCE (11.7%) and ROE (9.37%) remain modest.
- PEG ratio (-1.46) indicates weak earnings growth outlook.
- Dividend yield at 0.16% is low.
- Volume below average, limiting conviction.
📉 Company Negative News
- Sharp decline in quarterly profits.
- Weak profitability metrics despite strong price momentum.
📈 Company Positive News
- Technical indicators (MACD, DMA crossover) showing bullish strength.
- Strong long-term price performance with 52-week gain of 82.5%.
- Institutional inflows provide confidence.
🏭 Industry
- Industry PE at 22.9 vs JINDALSTEL’s 28.3, showing premium valuation.
- Steel sector supported by infrastructure demand but facing margin pressures from raw material costs.
🔎 Conclusion
JINDALSTEL is consolidating with bullish undertone, supported by DMA crossover, MACD, and strong long-term price performance. Fundamentals remain modest with declining profits and overvaluation relative to peers. Entry near ₹1,200–₹1,225 is favorable, with exits around ₹1,285–₹1,306. Trend remains bullish short-term but requires stronger earnings and volume participation for sustained upside.
Would you like me to extend this into a peer benchmarking overlay comparing JINDALSTEL with JSW Steel, Tata Steel, and Jindal Saw to highlight relative strength and valuation?