Sunday, September 27, 2020

Jain Irrigation ( JISLJALEQS ) | Outperforming Stock | Price Outlook


Jain Irrigation Systems Ltd.  (JISLJALEQS)

Stock/Share Price: 13

➽ In this article we will discuss recent development in the StockShare of Jain Irrigation in the Stock Market. We will discuss its recent performance fundamentally as well as technically. Its short-mid price level and outlook.

Recent Key Strengths

White Marubozu Candlestick (Bullish)

Growth in Net Profit with increasing Profit Margin (QoQ)

Highest Recovery from 52 Week Low

Stock with Low PE (PE < = 10)

Volume Shockers

Recent Weaknesses

Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Companies with High Promoter Pledge

Major fall in TTM Net Profit

Fall in Quarterly Revenue and Net Profit (YoY)

Highest promoter stock pledges

Technical Chart 

jisljaleqs  jain irrigation

 Jain Irrigation stock was trading on Rs 150 in January 2018 and CMP is 13. The stock was in long downtrend and made a low Rs. 3.05 in March 20 and recently it has given more than 500 % returns and made a high of Rs.17.

After recent high of 17 the stock was in downtrend and made a low of 13 and after consolidation and respecting the support line started rising.

As the stock is in uptrend , so long position can be taken in the stock at current level for a immediate levels of 17.85 in short term and  22.85 in the mid term.

As of now this stock is pure a Technical stock as recent fundamental performance are not up to the mark and is deteriorating . So it can not be considered for long term until its fundamental also shows sign of improvement.

Recent Valuation Summary

jisljaleqs  jain irrigation

Delivery percentage is 100 % recently . Book value of the stock is 72.73 and CMP is 13 , which means stock is trading 0.19 times  which is very cheap.

Recent Annual Results

jisljaleqs  jain irrigation

Recent results are deteriorating and are very uncertain with huge loss figures . Performance is not good for long term holding the stock.

Key Balance Sheet Summary

jain irrigation share price ,

Reserves have been deteriorating continuously and current liabilities have also increased significantly showing a negative performance in the Balance sheet figure. 

Friends , If you are a short to mid term trader than you can take long position in the Jain Irrigation as Technically stock is performing good . But if you are a long term investor then this stock is not for yourself on these recent fundamental performance. Now decision is yours. 

Friend I think that I have cleared your most of doubt. If any remaining you can ask me on my Twitter or my Telegram Channel or comment below.

Thanks for your Precious Time.

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r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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