Jash Engineering: Long Opportunity Above ₹555Jash Engineering has broken through a key resistance level at ₹555 with strong momentum. If the price holds above this level, a bullish trend could continue with targets at ₹580 and ₹620. Set a stop-loss at ₹500 for risk management. A great opportunity to ride the uptrend!
JASH trade ideas
Jash Engineering LtdFUNDAMENTALS
Market Cap
₹ 3,472 Cr.
Current Price
₹ 555
High / Low
₹ 581 / 258
Stock P/E
44.7
Book Value
₹ 59.5
Dividend Yield
0.26 %
ROCE
25.1 %
ROE
22.7 %
Face Value
₹ 2.00
Price to book value
9.33
Intrinsic Value
₹ 190
PEG Ratio
0.83
Price to Sales
5.69
Debt
₹ 108 Cr.
Debt to equity
0.29
Int Coverage
9.61
Reserves
₹ 360 Cr.
Promoter holding
43.6 %
Pledged percentage
0.00 %
EPS last year
₹ 10.8
Net CF
₹ 22.2 Cr.
Price to Cash Flow
59.6
Free Cash Flow
₹ 34.1 Cr.
OPM last year
19.1 %
Return on assets
12.7 %
Industry PE
42.9
Sales growth
37.9 %
JASH LONG TRADE ( Keep It Simple) FYI : Red Line refers to Monthly Trendline(TL) , Blue Line refers to Weekly Trendline(TL), Black Line refers to Daily Trendline (TL)
Jash Engineering( JASH ) Limited is manufacturing wide range of equipment for Water & Sea Water Intake Systems, Water and Waste Water Pumping Stations. Now coming to Technical Analysis of it's chart :
1. Stock has been taking continuous support from blue weekly trendline from past few months.
2. Green color zone initially acted as a resistance zone , then once price broke it , it acted as a support zone and we observed buying in it when price came to this region.
3. Price has been under good consolidation with counter black trendline acting as a resistance ; in past 6 months price never closed above the black line.
4. Using daily charts : Entry : 490; SL : 425( base of support zone ); TGT : 610(previous ATH )
Have a Peaceful Trading!
DISCLAIMER : This is for demonstration and educational purpose only. This is not buying or selling recommendation. We are not SEBI registered.
