JKTYRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | JKTYRE | Market Cap | 11,707 Cr. | Current Price | 406 ₹ | High / Low | 612 ₹ |
| Stock P/E | 16.8 | Book Value | 154 ₹ | Dividend Yield | 0.74 % | ROCE | 12.1 % |
| ROE | 9.71 % | Face Value | 2.00 ₹ | DMA 50 | 437 ₹ | DMA 200 | 433 ₹ |
| Chg in FII Hold | 1.67 % | Chg in DII Hold | -0.05 % | PAT Qtr | 205 Cr. | PAT Prev Qtr | 220 Cr. |
| RSI | 44.1 | MACD | -8.16 | Volume | 11,75,360 | Avg Vol 1Wk | 16,82,835 |
| Low price | 307 ₹ | High price | 612 ₹ | PEG Ratio | 0.57 | Debt to equity | 0.59 |
| 52w Index | 32.4 % | Qtr Profit Var | 236 % | EPS | 23.6 ₹ | Industry PE | 24.0 |
📊 Chart & Indicators
- Current price (₹406) is below DMA 50 (₹437) and DMA 200 (₹433), showing short-term weakness.
- RSI at 44.1 indicates mildly bearish momentum, not oversold yet.
- MACD at -8.16 confirms bearish crossover.
- Bollinger Bands: price near lower band, suggesting weakness but possible support around ₹400.
- Volume (11.7 Lakh) below average (16.8 Lakh), showing reduced participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹390 – ₹405 (near-term support).
- **Exit Zone:** ₹434 – ₹450 (resistance at DMA levels).
- **Stop-Loss:** Below ₹385 (support breakdown risk).
📈 Trend Status
- The stock is **consolidating with bearish undertone**.
- Reversal requires breakout above ₹437–₹450 with strong volume.
✅ Positive
- EPS at ₹23.6 supports valuation strength.
- PEG ratio at 0.57 indicates undervaluation relative to growth.
- Quarterly profit variance (+236%) highlights strong earnings momentum.
- FII holdings increased (+1.67%), showing foreign investor confidence.
- 52-week index gain of 32.4% highlights long-term performance strength.
⚠️ Limitation
- Trading below both 50 DMA and 200 DMA indicates technical weakness.
- MACD negative, suggesting bearish crossover.
- Debt-to-equity ratio at 0.59 indicates moderate leverage risk.
- Dividend yield at 0.74% is modest compared to peers.
- Sequential PAT decline (₹220 Cr. → ₹205 Cr.).
📉 Company Negative News
- PAT declined sequentially.
- Weak RSI momentum and bearish MACD signals.
- Domestic institutional holdings decreased (-0.05%).
📈 Company Positive News
- Strong quarterly profit growth (+236%).
- Foreign institutional inflows support investor confidence.
- Long-term fundamentals remain intact with undervaluation relative to industry PE.
🏭 Industry
- Industry PE at 24.0 vs JKTYRE’s 16.8, showing relative undervaluation.
- Auto sector supported by demand recovery but facing margin pressures from input costs.
🔎 Conclusion
JKTYRE is consolidating near support with bearish bias, trading below key moving averages. Fundamentals remain attractive with strong earnings growth and undervaluation compared to peers, but technical weakness and moderate leverage suggest cautious positioning. Entry near ₹390–₹405 is favorable with strict stop-loss, while exits should be considered near ₹434–₹450 unless breakout confirms reversal.
Would you like me to also prepare a swing trade overlay comparing JKTYRE with peers like Apollo Tyres and MRF to highlight relative strength and valuation?