Stratzy's Recommendation: Buy Jamna Auto Ind with Target Price ₹ 160
Stratzy has buy call on Jamna Auto Ind with a target price of Rs 160. The current market price of Jamna Auto Ind is Rs 123.4
About Jamna Auto Ind:
Jamna Auto Industries Limited (JAI), incorporated in 1985, is an auto component manufacturing company based in New Delhi, India. It is engaged in the production of a range of automotive components, including forged and machined components, steering and suspension systems, and transmission parts. The company primarily serves the Indian automotive industry, supplying components to original equipment manufacturers (OEMs) and automotive aftermarket. JAI has manufacturing facilities in India and has a presence in the aftermarket segment through its nationwide distribution network.
52 Week Price Trend:
JAMNAAUTO's current market price (CMP) stands at Rs 123.4, within the range of its 52-week high of Rs 135.35 and 52-week low of Rs 94.15. This range provides insights into the company's price performance over the past year, indicating a difference of approximately Rs 41.2. The current price level suggests that the stock is trading below its recent high but above its lowest point within the past 52 weeks. This information can be useful for investors assessing the stock's potential growth and risk.
Stratzy's Analysis:
JAMNAAUTO has been rated AA- by Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on an evaluation of the company's management, outlook, safety, and trend.
Company's Fundamentals:
JAMNAAUTO's stock valuation metrics indicate reasonable value. With a Price-to-Earnings (PE) ratio of 22.69, its earnings are fairly valued compared to industry peers. The Price-to-Book (PB) ratio of 5.51 suggests that the company's assets are valued slightly higher than its net worth, but it remains within an acceptable range. Additionally, JAMNAAUTO provides a modest Dividend Yield of 1.64%, offering investors a source of income from dividends.
Fundamental and Technical information provided in this blog were last updated on 08 Mar, 2024
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