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JAMNA AUTO INDUSTRIES LTD.JAMNA AUTO INDUSTRIES LTD.JAMNA AUTO INDUSTRIES LTD.

JAMNA AUTO INDUSTRIES LTD.

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JAMNAAUTO trade ideas

Jamna Auto - big breakout stock gaining momentumJamna auto cmp is 107 The stock made high of 100 in year 2017 and then made low of 21 durind covid crisis. Then again touch high of 130 plus levels and now trading at 105-107. The stock is making cup and handle pattern, also big buying volumes have come around 100-110 levels, suggesting big move coming up for atleast 170 levels. Then may go past 200 levels. Over fundamental basis , annual profits are increasing yoy basis supporting increase in the share price. Thanks.
NSE:JAMNAAUTOLong
by jai9195
Jamna Auto- Upflag Breakout Followed by Consolidation NRJamna Auto Industries is a manufacturer of suspension products i.e., leaf and parabolic springs for CV industry – having eight manufacturing plants with a total installed capacity of 3 Lac MT spread across the country. About the product and market segmentation – 63% contributed by OEMs while 37% by new markets in terms of products while 77%/23% by OEMs and new markets (after-market + exports) respectively in terms of markets. Coming to the client concentration – Ashok Leyland and TATA Motors are the largest clients contributing to more than 60% to the top-line. Industry Specific Factors • Government’s push on infrastructure development to augur well for commercial vehicles • Pick up in replacement demand because of implementation of new scrappage policy (making automated testing compulsory for the vehicle from Apr’ 23) along with prevailing higher freight rates. • During the CV upcycle, typically the tonnage growth would be higher as compared to the volume growth leading to higher content consumed per vehicle – 19-21% of tonnage CAGR over FY22-27 for the CV industry as compared to 13-15% of volume CAGR (for FY17-22 it stood at 0% and -3% respectively as per various industry reports). • Opportunity for market share gains in the after market for organized players due to shift from unorganized to organized players (the size of after-market is estimated at Rs. 2,500 crore) – after-market being fragmented because of the presence of the smaller players; Jamna has been expanding reach over the years with number of touchpoints 16k touchpoints as compared to 13k in FY19 along with expanding product offerings – over 5k as compared to 2k in FY19 Company Specific Factors: • Ambitious target to generate 50% of the top-line from new markets and new products by FY26 (stands at 23% and 37% respectively as of FY22) along with 50%+ RoCE – higher share from new markets leading to lower volatility • First mover advantage within parabolic spring which offers better suspension as compared to leaf springs – leading to over 90% market share within the segment which enables Jamna Auto to have a pricing power (the industry share in the parabolic spring stands over 25% from 15% in FY15 while the rest dominated by leaf springs) • Technology transfer agreement with Ridwell Corporation for design and manufacture of air suspension and lift axles enables it to launch better products giving superiority as compared to the peers Multi-year CV cycle led by the higher capex outlay by the government along with private capex revival along with shift towards parabolic springs where Jamna Auto enjoy a dominating position, shifting towards higher share from the after market through product offerings and increasing number of touchpoints are the primary factors to include Jamna Auto Industries in the portfolio.
NSE:JAMNAAUTOLong
by StrategicAlpha
JAMNAAUTO | Good Swing trade opportunity !!!Swing Trade opportunity to earn 14% ROI CMP: ~ 122.25 (Buy @ ~ 123.70) SL: ~ 119.55 Target: ~127.80 | ~132.90 | ~141.15 ( Targets calculated on the basis of Fib. and previous swings ) Disclaimer: I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously….. Happy trading !!!
NSE:JAMNAAUTOLong
by RagingBullz
JAMNAAUTO Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:JAMNAAUTOLong
by Rvkachhadiya
2
#JamnaAuto breaking out of its 97 to 124 #trading range#JamnaAuto took support 3 times at 97 levels and faced resistance 2 time at 124 level. Broke the range on 3rd attempt on upside with huge volume. Retracting the check support at earlier resistance level. If it rises up from here then new upside range opens for the stock Along with #chemcial another sector which is witnessing buyer demand is #autoancilliaries LTP 123 #TradingIdeas #trading #investing #investment #stocks #stockstobuy #watchlist #stockmarket
NSE:JAMNAAUTOLong
by Risk_to_Reward
Jamna Auto Analysis 17 Jul 2022 Hi viewer, hope you are doing great. I am super bullish in this stock because it looks like flag and pole, if it breaks channel on the upside then, 52 week high will be achieved shortly and trail stop loss for more targets. And your stop loss will be channel's bottom. If you see the chart clearly, when ever it comes near the blue dotted line which is a 200 Moving Average support, it goes up. Disclaimer : I am not a SEBI advisor, please consult your financial advisor before investing. Thanks. Have a great day!
NSE:JAMNAAUTOLong
by vickysharma2603
5
Jamna Auto Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:JAMNAAUTO has given a breakout on 29th June. Buy with a stop just below Rs.117. Strengths: - 1. TTM Sales growth is at 59% and TTM Profit growth is at 92%. 2. 10 year and 5 year average ROE more than 15%. 3. Debt to equity at 0.28 (less than 1 is good), Interest Coverage at 69.6 (greater than 3 is good) 4. Dividend yield at 0.38% (consistent dividend payer since 2011) 5. Credit rating agency ICRA has reaffirmed the ratings of the company on April 2022 (please go through the credit rating report for better understanding) 6. DII's increased stake from 5.2% in June 2020 to 13.55% in March 2022 7. ADX > 30 on daily chart Weaknesses: - 1. Pledged percentage 3.80 % 2. Stock is trading at 7.49 times its book value 3. The company has delivered a poor sales growth of 5.86% over the past five years 4. Debtor days have increased from 35.36 to 61.31 days 5. Borrowings increased to 191Cr in March 2022 from 11Cr in March 2021 6. FII's stake decreased from 7.37% in June 2021 to 5.55% in March 2022 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:JAMNAAUTOLong
by akashbothra