JYOTICNC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | JYOTICNC | Market Cap | 17,379 Cr. | Current Price | 764 ₹ | High / Low | 1,331 ₹ |
| Stock P/E | 46.0 | Book Value | 97.3 ₹ | Dividend Yield | 0.00 % | ROCE | 21.5 % |
| ROE | 16.6 % | Face Value | 2.00 ₹ | DMA 50 | 831 ₹ | DMA 200 | 929 ₹ |
| Chg in FII Hold | -0.21 % | Chg in DII Hold | 0.49 % | PAT Qtr | 105 Cr. | PAT Prev Qtr | 78.9 Cr. |
| RSI | 42.7 | MACD | -28.9 | Volume | 13,84,378 | Avg Vol 1Wk | 31,82,846 |
| Low price | 687 ₹ | High price | 1,331 ₹ | PEG Ratio | 0.29 | Debt to equity | 0.18 |
| 52w Index | 12.0 % | Qtr Profit Var | 36.0 % | EPS | 16.6 ₹ | Industry PE | 28.0 |
📈 Chart & Trend: The stock is trading below both its 50 DMA (831 ₹) and 200 DMA (929 ₹), showing medium-term weakness. Current price (764 ₹) is closer to its 52-week low (687 ₹) than the high (1,331 ₹), reflecting bearish sentiment.
📊 Momentum Indicators: RSI at 42.7 indicates weak momentum, not yet oversold. MACD at -28.9 confirms bearish bias. Bollinger Bands suggest price leaning toward the lower band, consistent with consolidation under pressure.
🔎 Volume Trends: Current volume (13.8 lakh) is significantly lower than the 1-week average (31.8 lakh), showing reduced participation and lack of strong buying interest.
💡 Entry Zone: 740–760 ₹ (near support at 687 ₹, offering tactical entry)
💡 Exit Zone: 820–850 ₹ (resistance near 831 ₹, aligning with 50 DMA)
📌 Trend Status: The stock is consolidating with bearish undertones, not yet reversing.
Positive
- Strong ROCE (21.5%) and ROE (16.6%) indicate efficient capital use.
- PEG ratio of 0.29 suggests growth is undervalued relative to earnings.
- Low debt-to-equity (0.18) provides financial stability.
- Quarterly PAT growth (78.9 Cr → 105 Cr) shows strong earnings momentum.
Limitation
- High P/E (46.0) compared to industry P/E (28.0), making valuation expensive.
- Stock trading below both 50 DMA and 200 DMA indicates weak technical strength.
- FII holding decreased (-0.21%), showing reduced foreign investor confidence.
Company Negative News
- Stock has corrected sharply from 1,331 ₹ to 764 ₹, eroding investor wealth.
- Weak technical signals (MACD negative, RSI below 50) suggest continued pressure.
Company Positive News
- DII holding increased (+0.49%), showing domestic institutional support.
- Strong quarterly profit growth (+36%) highlights operational improvement.
Industry
- Industry P/E (28.0) is lower than company P/E (46.0), suggesting sector peers trade at more reasonable valuations.
- 52-week industry index return of 12% shows moderate sector strength.
Conclusion
⚖️ Jyoti CNC is consolidating with bearish undertones, trading below key moving averages. Fundamentals like ROCE, ROE, and PEG are supportive, but valuation is stretched. Tactical strategy: accumulate near 740–760 ₹ with strict stop-loss below 687 ₹, and book profits around 820–850 ₹. Sustained recovery requires crossing 831–929 ₹ resistance zones.
Would you like me to extend this into a basket overlay with peer benchmarking against other capital goods/engineering stocks? That would highlight whether Jyoti CNC’s weakness is company-specific or sector-driven.