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8/9/2019 JK Tyre & Industry - Technical Analysis
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Mishaal Hamza
JK Tyres & Industries Ltd Technical
Analysis
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Current Scenario
y JK Tyre and Industries Ltd. is a mega corporate entity
that is emblematic of excellence, diversification and
pioneering new technologies. It is a part of JK
Organization which ranks among the leading privatesector groups in India.
Current Market Price -
Rs163.45
Volume : 17955
Market Cap (Rs Cr) : 671.78
52wk H/L (Rs)235.70 - 87.40
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Head & Shoulder (July-Aug)
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Current Market Condition
y EPS Rs 39.81 Per Share
y
Market Cap -654
.9y Industry P/E 3.59
y P/E - 4.04
y Book Value - 168.88
y Face Value - 10
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Financials
Rs in Crore March
2010
March
2009
March
2007
SalesTurnover 4,849.17 6,109.41 3,195.71
Net Profit 223.81 -103.92 69.37
Total Shareholder's Funds 849.96 691.64 544.05
Total Debt 1,158.90 1,382.42 914.97
Earning Per Share (Rs.) 28.93 0.00 22.07
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Financial Performance
1 Wk Price performance
(%): -3.62
1 M Price performance
(%): -3.62
Q on Q Sales Growth (%) : 30.62 Q on Q Net Profit Growth(%)
: -26.63
3 Yr CAGR Sales (%) : 20.85 3 Yr CAGR Profit (%) : 165.15
Debt to Equity Ratio (x) : 2.89 Net Profit Margin (%) : 4.90
Promoter Shareholding (%) : 46.97 FII Shareholding (%) : 9.42
Return on Equity (%) : 49.92 EV to EBITDA (x) : 3.11
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Indicators Used
RSI
Stochastic Method
Simple MovingAverage Method/Dow
TheoryRSI
Stochastic MethodSimple MovingAverage Method/Dow
Theory
E
llio
t Wav
e Theo
ry
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Relative Strength Index
Closing Price Up or Down
Apr'05 - Mar'06 97.6
Apr'06 - Mar'07 114.11
Apr'07 - Mar'08 105.05 Apr'08 - Mar'09 119.5
Apr'09 - Mar'10 196.45
Apr'10 - Aug'10 164.45
Relative StrengthIndex
(Avg of X Days Up Closes)/(Avgof X Days Down closes)
RSI = 100 - 100 /(1+1.063822)
= 51.54
Conclusion: IfRSI is 30-70, it is the best time to sell or buy
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RSI (Feb 09 Aug 10)
The RSI is now at 51.54 which is relatively the best time to buy
or sell the share.
When RSI > 70, Best time to sell
When RSI < 30, Best time to Buy
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Stochastic Method (14 Day)
y The sale signal is given when both lines are over 80% and the
purchase signal when both lines are under 20%.
y The lag used for n in %K is often 5 days but (9,11 and 14
days are used as well)
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Simple Moving Average Method/Dow Theory
Average value of a
security's price over a
period of time.A buy signal
is generated when the
security's price rises above
its moving average and a sell signal is generated when the security's price
falls
below its
moving average
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Simple Moving Average for Other Players
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Elliot Wave Theory