Price Movement and Market Context
On 2 Feb 2026, JK Tyre & Industries Ltd closed at ₹504.50, down 2.89% from the previous close of ₹519.50. The stock traded within a range of ₹498.00 to ₹522.05 during the day, remaining below its 52-week high of ₹528.90 but comfortably above the 52-week low of ₹231.65. This recent price pullback comes amid a broader market environment where the Sensex has shown mixed returns, with JK Tyre outperforming the benchmark over longer time horizons.
Over the past week, JK Tyre’s stock price declined by 0.94%, slightly outperforming the Sensex’s 1.00% fall. Over one month and year-to-date periods, the stock has marginally increased by 0.02% and 0.28% respectively, while the Sensex declined by 4.67% and 5.28%. The longer-term returns are particularly impressive, with JK Tyre delivering 61.18% over one year, 209.70% over three years, 296.46% over five years, and an outstanding 454.70% over ten years, significantly outpacing the Sensex’s respective returns of 5.16%, 35.67%, 74.40%, and 224.57%.
Technical Indicator Analysis
The technical trend for JK Tyre has shifted from bullish to mildly bullish, signalling a potential moderation in upward momentum. The Moving Average Convergence Divergence (MACD) remains bullish on both weekly and monthly timeframes, indicating that the stock’s medium- to long-term momentum is still positive. This suggests that despite short-term volatility, the underlying trend retains strength.
Moving averages on the daily chart continue to support a bullish stance, with the stock price trading above key averages, reinforcing the presence of buying interest. However, the Relative Strength Index (RSI) on weekly and monthly charts currently shows no clear signal, implying that the stock is neither overbought nor oversold, which may indicate a consolidation phase.
Bollinger Bands on both weekly and monthly charts are mildly bullish, reflecting moderate volatility with a slight upward bias. This aligns with the current price action where the stock is trading near the upper band but without extreme momentum.
Contrasting Signals from KST and Dow Theory
The Know Sure Thing (KST) indicator presents a mixed picture: mildly bearish on the weekly timeframe but bullish on the monthly. This divergence suggests short-term caution amid longer-term optimism. Similarly, Dow Theory readings are mildly bearish on the weekly chart and show no definitive trend on the monthly, indicating some uncertainty in the immediate price direction.
On-Balance Volume (OBV) does not show a clear trend on either weekly or monthly charts, signalling that volume flow is not decisively supporting either buying or selling pressure at present. This lack of volume confirmation may explain the recent price softness despite positive momentum indicators.
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Mojo Score Upgrade and Market Capitalisation
JK Tyre & Industries Ltd’s MarketsMOJO score has improved to 71.0, reflecting a Buy rating, upgraded from a previous Hold on 20 Oct 2025. This upgrade underscores the positive shift in the company’s technical and fundamental outlook. The market cap grade stands at 3, indicating a mid-sized market capitalisation relative to its sector peers.
The upgrade in Mojo Grade is consistent with the technical signals that suggest the stock is poised for potential appreciation, albeit with some caution warranted due to mixed short-term indicators. Investors should note that the stock’s valuation and momentum metrics have improved, supporting the Buy recommendation.
Comparative Sector and Industry Performance
Operating within the Tyres & Rubber Products sector, JK Tyre has demonstrated superior returns compared to the broader market and sector benchmarks. Its long-term outperformance is a testament to strong operational execution and favourable industry dynamics. The stock’s resilience amid recent market volatility highlights its relative strength and investor confidence.
However, the recent mild bearish signals on weekly KST and Dow Theory suggest that investors should monitor price action closely for signs of a deeper correction or consolidation before committing additional capital.
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Investor Takeaway and Outlook
JK Tyre & Industries Ltd’s technical parameters reveal a stock in transition, with a shift from outright bullishness to a more tempered mildly bullish stance. The sustained bullish MACD and daily moving averages provide a foundation for potential upside, while the neutral RSI and mixed KST and Dow Theory signals counsel prudence.
Investors should consider the stock’s strong long-term performance and recent Mojo Grade upgrade as positive factors supporting accumulation. However, the recent price decline of nearly 3% and the absence of volume confirmation suggest that short-term volatility may persist.
Given the current technical landscape, a cautious approach with close monitoring of support levels near ₹498 and resistance around ₹528 is advisable. Should the stock regain momentum and volume support, it could resume its upward trajectory in line with its historical outperformance.
Overall, JK Tyre & Industries Ltd remains a compelling small-cap opportunity within the Tyres & Rubber Products sector, combining solid fundamentals with a cautiously optimistic technical outlook.
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