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JK Tyre & Industries Limited
Buy, Hold or Sell?

Let's analyze JK Tyre & Industries Limited together

I guess you are interested in JK Tyre & Industries Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of JK Tyre & Industries Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of JK Tyre & Industries Limited (30 sec.)










What can you expect buying and holding a share of JK Tyre & Industries Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.14
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR176.66
Expected worth in 1 year
INR331.62
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR166.51
Return On Investment
37.5%

For what price can you sell your share?

Current Price per Share
INR443.50
Expected price per share
INR390.10 - INR510.90
How sure are you?
50%
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1. Valuation of JK Tyre & Industries Limited (5 min.)




Live pricePrice per Share (EOD)

INR443.50

Intrinsic Value Per Share

INR-148.29 - INR485.77

Total Value Per Share

INR28.37 - INR662.43

2. Growth of JK Tyre & Industries Limited (5 min.)




Is JK Tyre & Industries Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$548.1m$404.1m$143.9m26.3%

How much money is JK Tyre & Industries Limited making?

Current yearPrevious yearGrowGrow %
Making money$93.5m$31.2m$62.3m66.6%
Net Profit Margin5.2%1.8%--

How much money comes from the company's main activities?

3. Financial Health of JK Tyre & Industries Limited (5 min.)




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What can you expect buying and holding a share of JK Tyre & Industries Limited? (5 min.)

Welcome investor! JK Tyre & Industries Limited's management wants to use your money to grow the business. In return you get a share of JK Tyre & Industries Limited.

What can you expect buying and holding a share of JK Tyre & Industries Limited?

First you should know what it really means to hold a share of JK Tyre & Industries Limited. And how you can make/lose money.

Speculation

The Price per Share of JK Tyre & Industries Limited is INR443.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of JK Tyre & Industries Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in JK Tyre & Industries Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR176.66. Based on the TTM, the Book Value Change Per Share is INR38.74 per quarter. Based on the YOY, the Book Value Change Per Share is INR22.25 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR2.89 per quarter.
Based on historical numbers we can estimate the returns while holding a share of JK Tyre & Industries Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.360.1%0.360.1%0.130.0%0.160.0%0.130.0%
Usd Book Value Change Per Share0.460.1%0.460.1%0.260.1%0.200.0%0.260.1%
Usd Dividend Per Share0.030.0%0.030.0%0.020.0%0.020.0%0.020.0%
Usd Total Gains Per Share0.500.1%0.500.1%0.280.1%0.220.0%0.290.1%
Usd Price Per Share4.74-4.74-2.19-2.07-1.78-
Price to Earnings Ratio13.21-13.21-17.28-12.97-15.18-
Price-to-Total Gains Ratio9.57-9.57-7.76-11.58-15.48-
Price to Book Ratio2.25-2.25-1.34-1.26-1.16-
Price-to-Total Gains Ratio9.57-9.57-7.76-11.58-15.48-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.27765
Number of shares189
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.02
Usd Book Value Change Per Share0.460.20
Usd Total Gains Per Share0.500.22
Gains per Quarter (189 shares)93.6241.74
Gains per Year (189 shares)374.49166.95
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
12634936416151157
25269773832302324
3781046111248453491
41041394148664604658
51301743186080755825
61562091223496906992
71822440260811210571159
82082788298212812081326
92343137335614413581493
102603485373016015091660

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.01.00.087.5%7.01.00.087.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
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Fundamentals of JK Tyre & Industries Limited

About JK Tyre & Industries Limited

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of JK Tyre & Industries Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†JK Tyre & Industries Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • A Net Profit Margin of 5.2%¬†means that¬†₹0.05 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of JK Tyre & Industries Limited:

  • The MRQ is 5.2%. The company is making a profit. +1
  • The TTM is 5.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.2%TTM5.2%0.0%
TTM5.2%YOY1.8%+3.4%
TTM5.2%5Y2.8%+2.4%
5Y2.8%10Y3.0%-0.2%
1.1.2. Return on Assets

Shows how efficient JK Tyre & Industries Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • 5.6% Return on Assets means that¬†JK Tyre & Industries Limited generated¬†₹0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of JK Tyre & Industries Limited:

  • The MRQ is 5.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.6%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.6%TTM5.6%0.0%
TTM5.6%YOY2.1%+3.5%
TTM5.6%5Y2.7%+2.8%
5Y2.7%10Y2.9%-0.2%
1.1.3. Return on Equity

Shows how efficient JK Tyre & Industries Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • 17.5% Return on Equity means JK Tyre & Industries Limited generated ₹0.18¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of JK Tyre & Industries Limited:

  • The MRQ is 17.5%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.5%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.5%TTM17.5%0.0%
TTM17.5%YOY7.7%+9.8%
TTM17.5%5Y10.2%+7.3%
5Y10.2%10Y12.0%-1.8%
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1.2. Operating Efficiency of JK Tyre & Industries Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient JK Tyre & Industries Limited is operating .

  • Measures how much profit JK Tyre & Industries Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of JK Tyre & Industries Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y2.1%-2.1%
5Y2.1%10Y5.2%-3.1%
1.2.2. Operating Ratio

Measures how efficient JK Tyre & Industries Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Automobiles & Auto Parts industry mean).
  • An Operation Ratio of 1.50 means that the operating costs are ₹1.50 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of JK Tyre & Industries Limited:

  • The MRQ is 1.495. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.495. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.495TTM1.4950.000
TTM1.495YOY1.674-0.178
TTM1.4955Y1.593-0.098
5Y1.59310Y1.479+0.114
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1.3. Liquidity of JK Tyre & Industries Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if JK Tyre & Industries Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Automobiles & Auto Parts industry mean).
  • A Current Ratio of 1.15¬†means the company has ₹1.15 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of JK Tyre & Industries Limited:

  • The MRQ is 1.153. The company is just able to pay all its short-term debts.
  • The TTM is 1.153. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.153TTM1.1530.000
TTM1.153YOY1.029+0.125
TTM1.1535Y0.966+0.188
5Y0.96610Y0.961+0.004
1.3.2. Quick Ratio

Measures if JK Tyre & Industries Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • A Quick Ratio of 0.62¬†means the company can pay off ₹0.62 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of JK Tyre & Industries Limited:

  • The MRQ is 0.618. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.618. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.618TTM0.6180.000
TTM0.618YOY0.499+0.119
TTM0.6185Y0.456+0.161
5Y0.45610Y0.474-0.018
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1.4. Solvency of JK Tyre & Industries Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of JK Tyre & Industries Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†JK Tyre & Industries Limited to Automobiles & Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.67¬†means that JK Tyre & Industries Limited assets are¬†financed with 67.3% credit (debt) and the remaining percentage (100% - 67.3%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of JK Tyre & Industries Limited:

  • The MRQ is 0.673. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.673. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.673TTM0.6730.000
TTM0.673YOY0.727-0.054
TTM0.6735Y0.744-0.070
5Y0.74410Y0.766-0.022
1.4.2. Debt to Equity Ratio

Measures if JK Tyre & Industries Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • A Debt to Equity ratio of 211.5% means that company has ₹2.11 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of JK Tyre & Industries Limited:

  • The MRQ is 2.115. The company is just not able to pay all its debts with equity.
  • The TTM is 2.115. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.115TTM2.1150.000
TTM2.115YOY2.665-0.551
TTM2.1155Y3.007-0.892
5Y3.00710Y3.414-0.408
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2. Market Valuation of JK Tyre & Industries Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings JK Tyre & Industries Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†JK Tyre & Industries Limited to the¬†Automobiles & Auto Parts industry mean.
  • A PE ratio of 13.21 means the investor is paying ₹13.21¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of JK Tyre & Industries Limited:

  • The EOD is 14.707. Based on the earnings, the company is underpriced. +1
  • The MRQ is 13.210. Based on the earnings, the company is underpriced. +1
  • The TTM is 13.210. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.707MRQ13.210+1.497
MRQ13.210TTM13.2100.000
TTM13.210YOY17.280-4.070
TTM13.2105Y12.966+0.244
5Y12.96610Y15.185-2.219
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of JK Tyre & Industries Limited:

  • The EOD is 13.768. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 12.366. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 12.366. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD13.768MRQ12.366+1.402
MRQ12.366TTM12.3660.000
TTM12.366YOY5.960+6.406
TTM12.3665Y25.810-13.444
5Y25.81010Y10.072+15.738
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of JK Tyre & Industries Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Automobiles & Auto Parts industry mean).
  • A PB ratio of 2.25 means the investor is paying ₹2.25¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of JK Tyre & Industries Limited:

  • The EOD is 2.510. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.255. Based on the equity, the company is underpriced. +1
  • The TTM is 2.255. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.510MRQ2.255+0.256
MRQ2.255TTM2.2550.000
TTM2.255YOY1.336+0.919
TTM2.2555Y1.255+1.000
5Y1.25510Y1.156+0.100
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of JK Tyre & Industries Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--38.73838.7380%22.249+74%16.778+131%22.083+75%
Book Value Per Share--176.664176.6640%137.926+28%126.699+39%99.929+77%
Current Ratio--1.1531.1530%1.029+12%0.966+19%0.961+20%
Debt To Asset Ratio--0.6730.6730%0.727-7%0.744-9%0.766-12%
Debt To Equity Ratio--2.1152.1150%2.665-21%3.007-30%3.414-38%
Dividend Per Share--2.8892.8890%1.500+93%1.779+62%2.073+39%
Eps--30.15630.1560%10.660+183%13.687+120%10.562+186%
Free Cash Flow Per Share--32.21332.2130%30.906+4%33.004-2%20.444+58%
Free Cash Flow To Equity Per Share--32.21332.2130%0.556+5698%6.631+386%3.636+786%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--485.766--------
Intrinsic Value_10Y_min---148.291--------
Intrinsic Value_1Y_max--36.465--------
Intrinsic Value_1Y_min--12.437--------
Intrinsic Value_3Y_max--118.869--------
Intrinsic Value_3Y_min--13.947--------
Intrinsic Value_5Y_max--212.495--------
Intrinsic Value_5Y_min---10.222--------
Market Cap--103859257612.150103859257612.1500%45355728096.000+129%44084991240.830+136%33887694263.350+206%
Net Profit Margin--0.0520.0520%0.018+192%0.028+87%0.030+74%
Operating Margin----0%-0%0.021-100%0.052-100%
Operating Ratio--1.4951.4950%1.674-11%1.593-6%1.479+1%
Pb Ratio2.510+10%2.2552.2550%1.336+69%1.255+80%1.156+95%
Pe Ratio14.707+10%13.21013.2100%17.280-24%12.966+2%15.185-13%
Price Per Share443.500+10%398.350398.3500%184.200+116%174.350+128%149.689+166%
Price To Free Cash Flow Ratio13.768+10%12.36612.3660%5.960+107%25.810-52%10.072+23%
Price To Total Gains Ratio10.654+10%9.5699.5690%7.756+23%11.576-17%15.476-38%
Quick Ratio--0.6180.6180%0.499+24%0.456+35%0.474+30%
Return On Assets--0.0560.0560%0.021+165%0.027+104%0.029+93%
Return On Equity--0.1750.1750%0.077+127%0.102+72%0.120+46%
Total Gains Per Share--41.62741.6270%23.749+75%18.557+124%24.156+72%
Usd Book Value--548119950.000548119950.0000%404143040.000+36%377339718.000+45%314904675.556+74%
Usd Book Value Change Per Share--0.4610.4610%0.265+74%0.200+131%0.263+75%
Usd Book Value Per Share--2.1022.1020%1.641+28%1.508+39%1.189+77%
Usd Dividend Per Share--0.0340.0340%0.018+93%0.021+62%0.025+39%
Usd Eps--0.3590.3590%0.127+183%0.163+120%0.126+186%
Usd Free Cash Flow--99943340.00099943340.0000%90560190.000+10%97816334.000+2%58696617.778+70%
Usd Free Cash Flow Per Share--0.3830.3830%0.368+4%0.393-2%0.243+58%
Usd Free Cash Flow To Equity Per Share--0.3830.3830%0.007+5698%0.079+386%0.043+786%
Usd Market Cap--1235925165.5851235925165.5850%539733164.342+129%524611395.766+136%403263561.734+206%
Usd Price Per Share5.278+10%4.7404.7400%2.192+116%2.075+128%1.781+166%
Usd Profit--93561370.00093561370.0000%31235120.000+200%41146154.000+127%37206275.556+151%
Usd Revenue--1785211820.0001785211820.0000%1742747860.000+2%1415071364.000+26%1244536377.778+43%
Usd Total Gains Per Share--0.4950.4950%0.283+75%0.221+124%0.287+72%
 EOD+2 -4MRQTTM+0 -0YOY+31 -35Y+28 -710Y+29 -6

3.2. Fundamental Score

Let's check the fundamental score of JK Tyre & Industries Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.707
Price to Book Ratio (EOD)Between0-12.510
Net Profit Margin (MRQ)Greater than00.052
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.618
Current Ratio (MRQ)Greater than11.153
Debt to Asset Ratio (MRQ)Less than10.673
Debt to Equity Ratio (MRQ)Less than12.115
Return on Equity (MRQ)Greater than0.150.175
Return on Assets (MRQ)Greater than0.050.056
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of JK Tyre & Industries Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.047
Ma 20Greater thanMa 50444.620
Ma 50Greater thanMa 100418.660
Ma 100Greater thanMa 200429.289
OpenGreater thanClose429.550
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in INR. All numbers in thousands.

Summary
Total Assets140,944,900
Total Liabilities94,884,400
Total Stockholder Equity44,867,100
 As reported
Total Liabilities 94,884,400
Total Stockholder Equity+ 44,867,100
Total Assets = 140,944,900

Assets

Total Assets140,944,900
Total Current Assets65,565,600
Long-term Assets75,379,300
Total Current Assets
Cash And Cash Equivalents 1,713,200
Short-term Investments 7,567,700
Net Receivables 27,544,400
Inventory 22,815,900
Other Current Assets 5,106,400
Total Current Assets  (as reported)65,565,600
Total Current Assets  (calculated)64,747,600
+/- 818,000
Long-term Assets
Property Plant Equipment 69,280,300
Intangible Assets 2,623,700
Long-term Assets Other 373,100
Long-term Assets  (as reported)75,379,300
Long-term Assets  (calculated)72,277,100
+/- 3,102,200

Liabilities & Shareholders' Equity

Total Current Liabilities56,857,900
Long-term Liabilities38,026,500
Total Stockholder Equity44,867,100
Total Current Liabilities
Short Long Term Debt 22,865,800
Accounts payable 21,572,100
Other Current Liabilities 5,367,200
Total Current Liabilities  (as reported)56,857,900
Total Current Liabilities  (calculated)49,805,100
+/- 7,052,800
Long-term Liabilities
Long term Debt 21,868,500
Capital Lease Obligations Min Short Term Debt1,360,500
Long-term Liabilities  (as reported)38,026,500
Long-term Liabilities  (calculated)23,229,000
+/- 14,797,500
Total Stockholder Equity
Total Stockholder Equity (as reported)44,867,100
Total Stockholder Equity (calculated)0
+/- 44,867,100
Other
Capital Stock521,400
Common Stock Shares Outstanding 260,724
Net Debt 43,021,100
Net Invested Capital 89,601,400
Net Working Capital 8,707,700
Property Plant and Equipment Gross 69,280,300



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
> Total Assets 
70,781,300
104,351,900
105,674,600
113,164,100
112,901,700
109,866,900
122,476,500
124,485,600
140,944,900
140,944,900124,485,600122,476,500109,866,900112,901,700113,164,100105,674,600104,351,90070,781,300
   > Total Current Assets 
27,699,700
40,578,400
37,744,400
44,457,800
42,052,500
40,920,000
53,338,700
54,115,100
65,565,600
65,565,60054,115,10053,338,70040,920,00042,052,50044,457,80037,744,40040,578,40027,699,700
       Cash And Cash Equivalents 
0
2,604,300
953,200
1,093,300
653,900
886,600
940,500
1,731,500
1,713,200
1,713,2001,731,500940,500886,600653,9001,093,300953,2002,604,3000
       Short-term Investments 
0
2,242,300
370,700
221,700
113,600
734,500
688,300
835,000
7,567,700
7,567,700835,000688,300734,500113,600221,700370,7002,242,3000
       Net Receivables 
14,027,100
17,946,400
15,453,200
19,451,000
18,484,200
15,754,200
19,798,600
22,832,200
27,544,400
27,544,40022,832,20019,798,60015,754,20018,484,20019,451,00015,453,20017,946,40014,027,100
       Inventory 
8,725,200
13,204,200
14,484,700
16,890,900
16,178,400
17,892,900
24,326,200
21,705,300
22,815,900
22,815,90021,705,30024,326,20017,892,90016,178,40016,890,90014,484,70013,204,2008,725,200
       Other Current Assets 
3,080,500
5,387,900
5,609,100
5,436,000
4,913,000
4,370,400
6,399,200
5,577,600
5,106,400
5,106,4005,577,6006,399,2004,370,4004,913,0005,436,0005,609,1005,387,9003,080,500
   > Long-term Assets 
0
66,042,600
67,930,200
68,706,300
70,849,200
68,946,900
69,137,800
70,370,500
75,379,300
75,379,30070,370,50069,137,80068,946,90070,849,20068,706,30067,930,20066,042,6000
       Property Plant Equipment 
38,524,900
61,068,800
61,834,400
62,445,900
64,483,100
63,053,600
62,985,300
63,994,200
69,280,300
69,280,30063,994,20062,985,30063,053,60064,483,10062,445,90061,834,40061,068,80038,524,900
       Intangible Assets 
400
69,400
2,614,600
2,468,500
2,118,300
2,304,100
2,310,700
2,571,300
2,623,700
2,623,7002,571,3002,310,7002,304,1002,118,3002,468,5002,614,60069,400400
       Long-term Assets Other 
0
142,800
258,700
225,400
190,100
185,900
18,600
635,400
373,100
373,100635,40018,600185,900190,100225,400258,700142,8000
> Total Liabilities 
53,267,000
84,704,100
86,063,600
90,320,100
89,588,200
83,139,500
93,993,400
90,524,000
94,884,400
94,884,40090,524,00093,993,40083,139,50089,588,20090,320,10086,063,60084,704,10053,267,000
   > Total Current Liabilities 
28,556,200
38,665,600
44,717,000
46,393,300
59,107,000
41,686,900
55,979,000
52,608,700
56,857,900
56,857,90052,608,70055,979,00041,686,90059,107,00046,393,30044,717,00038,665,60028,556,200
       Short-term Debt 
11,112,700
18,057,400
18,622,000
19,042,900
31,504,200
11,555,700
20,442,200
24,231,800
0
024,231,80020,442,20011,555,70031,504,20019,042,90018,622,00018,057,40011,112,700
       Short Long Term Debt 
0
20,843,300
26,848,300
24,403,500
23,982,900
11,555,700
26,392,700
24,231,800
22,865,800
22,865,80024,231,80026,392,70011,555,70023,982,90024,403,50026,848,30020,843,3000
       Accounts payable 
0
12,137,400
11,653,800
15,990,200
16,884,100
15,740,700
21,885,200
18,196,300
21,572,100
21,572,10018,196,30021,885,20015,740,70016,884,10015,990,20011,653,80012,137,4000
       Other Current Liabilities 
0
2,152,900
131,000
249,600
287,100
2,036,900
314,700
4,008,100
5,367,200
5,367,2004,008,100314,7002,036,900287,100249,600131,0002,152,9000
   > Long-term Liabilities 
0
46,882,400
39,926,500
42,564,500
41,301,900
40,389,700
37,022,800
36,918,700
38,026,500
38,026,50036,918,70037,022,80040,389,70041,301,90042,564,50039,926,50046,882,4000
       Long term Debt Total 
15,487,300
35,703,200
31,264,500
33,171,600
21,189,100
29,547,200
25,409,300
24,156,200
0
024,156,20025,409,30029,547,20021,189,10033,171,60031,264,50035,703,20015,487,300
       Capital Lease Obligations Min Short Term Debt
-11,112,700
-18,057,400
-18,622,000
-19,042,900
-29,640,400
-10,113,600
-19,390,400
-23,243,700
1,360,500
1,360,500-23,243,700-19,390,400-10,113,600-29,640,400-19,042,900-18,622,000-18,057,400-11,112,700
> Total Stockholder Equity
17,514,300
19,647,800
19,611,000
22,844,000
23,313,500
26,727,400
28,483,100
33,961,600
44,867,100
44,867,10033,961,60028,483,10026,727,40023,313,50022,844,00019,611,00019,647,80017,514,300
   Common Stock
453,600
453,600
453,600
492,400
492,500
492,500
492,500
492,500
0
0492,500492,500492,500492,500492,400453,600453,600453,600
   Retained Earnings 
14,576,900
17,088,100
17,135,400
18,491,700
22,821,000
22,717,600
24,329,700
26,648,900
0
026,648,90024,329,70022,717,60022,821,00018,491,70017,135,40017,088,10014,576,900
   Capital Surplus 
2,628,800
2,628,800
2,628,800
4,559,300
4,559,200
4,559,200
4,559,200
4,559,200
0
04,559,2004,559,2004,559,2004,559,2004,559,3002,628,8002,628,8002,628,800
   Treasury Stock000000000
   Other Stockholders Equity 
-145,000
-522,700
-606,800
-699,400
-1,398,400
-1,041,900
-898,300
2,261,000
0
02,261,000-898,300-1,041,900-1,398,400-699,400-606,800-522,700-145,000



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue150,017,800
Cost of Revenue-90,726,400
Gross Profit59,291,40059,291,400
 
Operating Income (+$)
Gross Profit59,291,400
Operating Expense-133,609,300
Operating Income16,408,500-74,317,900
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense133,609,3000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-4,469,300
Other Finance Cost-0
Net Interest Income-4,469,300
 
Pretax Income (+$)
Operating Income16,408,500
Net Interest Income-4,469,300
Other Non-Operating Income Expenses0
Income Before Tax (EBT)12,109,20016,408,500
EBIT - interestExpense = -4,469,300
7,862,300
12,331,600
Interest Expense4,469,300
Earnings Before Interest and Taxes (EBIT)016,578,500
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax12,109,200
Tax Provision-3,994,400
Net Income From Continuing Ops8,059,4008,114,800
Net Income7,862,300
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net04,469,300
 

Technical Analysis of JK Tyre & Industries Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of JK Tyre & Industries Limited. The general trend of JK Tyre & Industries Limited is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine JK Tyre & Industries Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of JK Tyre & Industries Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 440.10 < 490.55 < 510.90.

The bearish price targets are: 440.45 > 426.90 > 390.10.

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JK Tyre & Industries Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of JK Tyre & Industries Limited. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

JK Tyre & Industries Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of JK Tyre & Industries Limited. The current macd is 9.52209616.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the JK Tyre & Industries Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for JK Tyre & Industries Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the JK Tyre & Industries Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
JK Tyre & Industries Limited Daily Moving Average Convergence/Divergence (MACD) ChartJK Tyre & Industries Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of JK Tyre & Industries Limited. The current adx is 24.17.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell JK Tyre & Industries Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
JK Tyre & Industries Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of JK Tyre & Industries Limited. The current sar is 505.27.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
JK Tyre & Industries Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of JK Tyre & Industries Limited. The current rsi is 52.05. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
JK Tyre & Industries Limited Daily Relative Strength Index (RSI) ChartJK Tyre & Industries Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of JK Tyre & Industries Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the JK Tyre & Industries Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
JK Tyre & Industries Limited Daily Stochastic Oscillator ChartJK Tyre & Industries Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of JK Tyre & Industries Limited. The current cci is -19.11870965.

JK Tyre & Industries Limited Daily Commodity Channel Index (CCI) ChartJK Tyre & Industries Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of JK Tyre & Industries Limited. The current cmo is -1.83755866.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
JK Tyre & Industries Limited Daily Chande Momentum Oscillator (CMO) ChartJK Tyre & Industries Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of JK Tyre & Industries Limited. The current willr is -65.24685382.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that JK Tyre & Industries Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
JK Tyre & Industries Limited Daily Williams %R ChartJK Tyre & Industries Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of JK Tyre & Industries Limited.

JK Tyre & Industries Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of JK Tyre & Industries Limited. The current atr is 21.23.

JK Tyre & Industries Limited Daily Average True Range (ATR) ChartJK Tyre & Industries Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of JK Tyre & Industries Limited. The current obv is 18,892,166.

JK Tyre & Industries Limited Daily On-Balance Volume (OBV) ChartJK Tyre & Industries Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of JK Tyre & Industries Limited. The current mfi is 64.55.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
JK Tyre & Industries Limited Daily Money Flow Index (MFI) ChartJK Tyre & Industries Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for JK Tyre & Industries Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-21RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-04-23STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-04-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-04-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-05-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-05-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-09MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-10STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-07-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-07-24STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

JK Tyre & Industries Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of JK Tyre & Industries Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.047
Ma 20Greater thanMa 50444.620
Ma 50Greater thanMa 100418.660
Ma 100Greater thanMa 200429.289
OpenGreater thanClose429.550
Total3/5 (60.0%)
Penke

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