JKTYRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | JKTYRE | Market Cap | 14,400 Cr. | Current Price | 499 ₹ | High / Low | 529 ₹ |
| Stock P/E | 29.5 | Book Value | 162 ₹ | Dividend Yield | 0.60 % | ROCE | 12.1 % |
| ROE | 9.71 % | Face Value | 2.00 ₹ | DMA 50 | 485 ₹ | DMA 200 | 416 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | 0.30 % | PAT Qtr | 167 Cr. | PAT Prev Qtr | 173 Cr. |
| RSI | 49.2 | MACD | 6.08 | Volume | 6,39,316 | Avg Vol 1Wk | 7,15,105 |
| Low price | 232 ₹ | High price | 529 ₹ | PEG Ratio | 1.00 | Debt to equity | 0.59 |
| 52w Index | 90.0 % | Qtr Profit Var | 64.3 % | EPS | 17.5 ₹ | Industry PE | 28.3 |
📈 Chart & Trend Analysis: JKTYRE is trading at ₹499, above both its 50 DMA (₹485) and 200 DMA (₹416), signaling strong technical positioning. RSI at 49.2 suggests neutral momentum, neither overbought nor oversold. MACD at 6.08 confirms bullish crossover, supporting upward bias. Bollinger Bands show price near the upper band, indicating positive momentum but with potential resistance. Current volume (6.4L) is slightly below the 1-week average (7.1L), reflecting moderate participation.
🔑 Momentum Signals: Short-term momentum is bullish with immediate support at ₹485 (DMA50) and major support at ₹460. Resistance lies at ₹515–₹529 (recent high zone). Optimal entry zone: ₹490–₹495. Exit zone: ₹515–₹529 for short-term traders. Trend status: Trending upward.
Positive ✅
- ROCE (12.1%) and ROE (9.71%) show steady capital efficiency.
- FII holding increased (+0.83%), reflecting foreign investor confidence.
- DII holding also increased (+0.30%), showing domestic institutional support.
- Quarterly profit variation of 64.3% highlights strong operational performance.
- EPS of ₹17.5 reflects consistent profitability base.
Limitation ⚠️
- Stock P/E (29.5) is slightly higher than industry PE (28.3), suggesting modest overvaluation.
- Debt-to-equity ratio of 0.59 indicates moderate leverage risk.
- Volume trend weaker than average, showing lack of strong buying support.
- PAT declined slightly (₹167 Cr vs ₹173 Cr), showing earnings pressure.
Company Negative News 📉
- Stock has faced resistance near 529, limiting breakout potential.
- Marginal decline in quarterly PAT may weigh on sentiment.
Company Positive News 📊
- Strong 52-week performance index at 90% highlights relative strength.
- Institutional confidence reflected in both FII and DII holding increases.
Industry 🌐
- Industry PE at 28.3 is slightly lower than JKTYRE’s PE of 29.5, suggesting modest premium valuation.
- Auto and tyre sector outlook remains positive with demand recovery and infrastructure growth.
Conclusion 📝
JKTYRE is currently trending upward, supported by strong fundamentals and technical positioning above key moving averages. While valuation appears slightly stretched and earnings show minor pressure, institutional support and strong 52-week performance provide confidence. Risk-tolerant traders may consider entries near ₹490–₹495 with exits around ₹515–₹529, while long-term investors may hold for continued sector strength.
Would you like me to also prepare a peer benchmarking overlay comparing JKTYRE with peers like Apollo Tyres, MRF, and CEAT to highlight relative strength and valuation?