Technical Momentum Gains Traction
JK Tyre & Industries Ltd (stock code 700089) has moved decisively from a mildly bullish to a fully bullish technical trend, reflecting a positive shift in market sentiment. The stock closed at ₹523.30 on 3 Feb 2026, marking a robust 4.71% gain from the previous close of ₹499.75. Intraday, it touched a high of ₹526.95, nearing its 52-week peak of ₹528.90, underscoring strong upward momentum.
Key technical indicators reinforce this bullish stance. The Moving Average Convergence Divergence (MACD) is bullish on both weekly and monthly charts, signalling sustained upward momentum. Meanwhile, the Relative Strength Index (RSI) remains neutral on weekly and monthly timeframes, indicating the stock is not yet overbought and retains room for further gains.
Bollinger Bands also support the bullish outlook, expanding on weekly and monthly charts, which typically suggests increased volatility with an upward price bias. Daily moving averages confirm this trend, with the stock price consistently trading above its short- and medium-term averages.
Mixed Signals from Other Indicators
While the KST (Know Sure Thing) indicator shows a mildly bearish signal on the weekly chart, it remains bullish on the monthly scale, suggesting short-term caution but longer-term strength. The Dow Theory presents a mildly bearish weekly signal but no definitive trend monthly, indicating some near-term consolidation may occur before further advances.
On-Balance Volume (OBV) remains neutral across weekly and monthly periods, implying that volume trends have yet to decisively confirm the price moves. This neutrality suggests investors should monitor volume closely for confirmation of sustained buying interest.
Strong Relative Performance Against Sensex
JK Tyre’s price appreciation significantly outperforms the benchmark Sensex across multiple time horizons. Over the past week, the stock gained 2.75% compared to the Sensex’s modest 0.16% rise. Over one month and year-to-date periods, JK Tyre posted gains of 2.00% and 4.02%, respectively, while the Sensex declined by 4.78% and 4.17% over the same intervals.
Longer-term returns are even more impressive. The stock has surged 61.29% over the past year, dwarfing the Sensex’s 5.37% gain. Over three, five, and ten years, JK Tyre has delivered cumulative returns of 216.48%, 308.67%, and 480.48%, respectively, substantially outperforming the Sensex’s 36.26%, 64.00%, and 232.80% returns. This track record highlights the company’s resilience and growth potential within the Tyres & Rubber Products sector.
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Mojo Score Upgrade Reflects Improved Outlook
MarketsMOJO has upgraded JK Tyre & Industries Ltd’s Mojo Grade from Hold to Buy as of 20 Oct 2025, reflecting the stock’s improved technical and fundamental outlook. The current Mojo Score stands at a robust 78.0, signalling strong buy sentiment. The Market Cap Grade is 3, indicating a mid-cap classification with solid market presence and liquidity.
This upgrade is underpinned by the stock’s technical trend shift and sustained price momentum, as well as its sector positioning within Tyres & Rubber Products. The upgrade suggests that investors may consider increasing exposure, given the favourable risk-reward profile.
Price Action and Moving Averages
JK Tyre’s daily moving averages confirm the bullish momentum, with the stock price comfortably above its 50-day and 200-day moving averages. This alignment typically signals a strong uptrend and reduces the likelihood of near-term reversals. The proximity to the 52-week high of ₹528.90 further emphasises the stock’s strength, with limited resistance overhead.
Investors should note the intraday low of ₹500.60 on 3 Feb 2026, which acted as a support level, reinforcing the stock’s resilience during minor pullbacks. Such price behaviour is consistent with a healthy uptrend, where dips are met with buying interest.
Sector Context and Industry Positioning
JK Tyre operates within the Tyres & Rubber Products sector, a segment that has shown steady demand growth driven by automotive production and replacement markets. The company’s technical strength relative to peers and the broader market suggests it is well-positioned to capitalise on sector tailwinds.
Given the sector’s cyclical nature, the current bullish technical signals may indicate the early stages of a sustained upcycle. Investors should monitor macroeconomic factors such as raw material costs and automotive sales trends, which could influence future performance.
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Investor Takeaway and Outlook
JK Tyre & Industries Ltd’s recent technical upgrades and strong price momentum present a compelling case for investors seeking exposure to the Tyres & Rubber Products sector. The bullish MACD and moving averages, combined with the Mojo Grade upgrade to Buy, suggest the stock is poised for further appreciation.
However, some caution is warranted given mixed signals from the KST and Dow Theory on weekly charts, which may indicate short-term consolidation or volatility. The neutral RSI and OBV readings imply that while momentum is strong, volume confirmation is still evolving.
Overall, JK Tyre’s outperformance relative to the Sensex across multiple timeframes, including a remarkable 61.29% gain over the past year, highlights its potential as a growth-oriented mid-cap stock. Investors should consider this alongside sector fundamentals and broader market conditions when making allocation decisions.
Summary of Key Technical Metrics:
- Current Price: ₹523.30 (3 Feb 2026)
- 52-Week High / Low: ₹528.90 / ₹231.65
- Day Change: +4.71%
- MACD: Weekly & Monthly - Bullish
- RSI: Weekly & Monthly - Neutral
- Bollinger Bands: Weekly & Monthly - Bullish
- Moving Averages (Daily): Bullish
- KST: Weekly - Mildly Bearish, Monthly - Bullish
- Dow Theory: Weekly - Mildly Bearish, Monthly - No Trend
- OBV: Weekly & Monthly - No Trend
- Mojo Score: 78.0 (Buy, upgraded from Hold on 20 Oct 2025)
With these factors in mind, JK Tyre & Industries Ltd remains a stock to watch for investors aiming to capitalise on technical momentum and sector growth prospects.
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