Stock Analysis: Jash EngineeringIntroduction:
Jash Engineering Limited is involved in the manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is an industry leader in India and also exports these products to over 45 countries worldwide.
Fundamentals:
Market Cap: ₹ 3,589 Cr.; Stock P/E: 46.2 (Ind. P/E: 39.70) 👎;
ROCE: 25.1% 👍 ; ROE: 22.6% 👍;
3 Years Sales Growth: 20% 👍; 3 Years Profit Growth: 30% 👍;
3 Years Stock Price CAGR: 83% 👍
Cons: Promoter holding has decreased over last 3 years: -9.36%
Technicals:
Jash engineering has fell sharply from the strong resistance level of 638 in Mud jan 2025.
Jash engineering has given a good breakout in the past few sessions after taking strong support around 100 EMA level of 542.
RSI (56.24) is indicating price strength.
20 EMA (Black Line) is trading above 50 EMA (Orange Line) and 100 EMA (Blue line).
Resistance levels: 638, 663
Support levels: 559, 520, 483
