JTEKT India Ltd Faces Mildly Bearish Momentum Amid Technical Downgrade

Technical Momentum and Price Movement

JTEKT India Ltd’s current market price stands at ₹141.95, down 1.49% from the previous close of ₹144.10. The stock’s intraday range today was relatively narrow, with a low of ₹141.00 and a high of ₹143.45. This price action reflects a cautious market sentiment amid broader technical signals that have shifted the stock’s momentum.

The 52-week price range remains wide, with a high of ₹189.00 and a low of ₹106.90, indicating significant volatility over the past year. However, the recent price movement suggests the stock is struggling to regain upward momentum, especially when compared to the broader Sensex index, which has outperformed JTEKT India over the past year.

Comparative Returns Highlight Underperformance

Analysing returns over various periods reveals a mixed performance for JTEKT India. Over the past week, the stock declined by 3.14%, significantly underperforming the Sensex’s modest 0.75% gain. Over the one-month and year-to-date periods, JTEKT India posted slight positive returns of 0.28% and 0.78% respectively, while the Sensex declined by 1.98% and 2.32% in the same periods.

However, the one-year return starkly contrasts with the Sensex, as JTEKT India fell 13.45% while the Sensex gained 8.65%. Longer-term returns over three, five, and ten years show the stock lagging the benchmark, with a 10-year return of 163.11% versus the Sensex’s 240.06%. This underperformance underscores the challenges the company faces in regaining investor confidence amid sector and market headwinds.

Mixed Technical Indicators Signal Caution

The technical landscape for JTEKT India is nuanced. The weekly Moving Average Convergence Divergence (MACD) indicator is bearish, signalling downward momentum, while the monthly MACD is mildly bearish, suggesting some longer-term weakness. The Relative Strength Index (RSI) on both weekly and monthly charts shows no clear signal, indicating neither overbought nor oversold conditions.

Bollinger Bands reinforce the bearish tone on the weekly chart and mildly bearish on the monthly, reflecting increased volatility and a tendency towards lower prices. The daily moving averages, however, remain mildly bullish, hinting at some short-term support and potential for a rebound if buying interest returns.

Additional Technical Measures Paint a Complex Picture

The Know Sure Thing (KST) indicator is bearish on both weekly and monthly timeframes, reinforcing the momentum loss. Dow Theory assessments align with this view, showing mildly bearish trends in both weekly and monthly analyses. Conversely, the On-Balance Volume (OBV) indicator shows no clear trend weekly but is bullish monthly, suggesting that longer-term accumulation by investors may be underway despite recent price weakness.

Mojo Score Downgrade Reflects Technical Weakness

MarketsMOJO’s proprietary Mojo Score for JTEKT India currently stands at 35.0, categorised as a Sell rating. This represents a downgrade from the previous Hold grade, effective from 12 January 2026. The downgrade reflects the deteriorating technical parameters and the shift from a sideways to a mildly bearish trend.

The company’s Market Cap Grade is rated 3, indicating a mid-tier market capitalisation relative to its peers in the Auto Components & Equipments sector. This rating, combined with the technical signals, suggests that investors should exercise caution and closely monitor price action before committing fresh capital.

Sector Context and Industry Positioning

JTEKT India operates within the Auto Components & Equipments industry, a sector that has faced cyclical pressures due to fluctuating demand in the automotive market and supply chain disruptions. The stock’s recent technical deterioration may partly reflect these broader sectoral challenges, as well as company-specific factors impacting investor sentiment.

Despite the current technical headwinds, the mildly bullish daily moving averages indicate that short-term buyers may find opportunities if the stock stabilises above key support levels near ₹140. However, the prevailing weekly and monthly bearish indicators caution against expecting a sustained rally without a fundamental catalyst.

Investor Takeaway and Outlook

JTEKT India’s technical indicators collectively suggest a cautious stance for investors. The shift to a mildly bearish trend on weekly and monthly charts, combined with a downgrade in Mojo Grade to Sell, signals that the stock may face continued pressure in the near term. The lack of strong RSI signals implies the stock is not yet oversold, leaving room for further downside.

However, the mildly bullish daily moving averages and the monthly bullish OBV hint at some underlying accumulation and potential for a technical rebound if market conditions improve. Investors should watch for confirmation of trend reversal signals, such as a positive MACD crossover or a breakout above the upper Bollinger Band, before considering fresh positions.

Given the stock’s underperformance relative to the Sensex over the past year and its current technical profile, a prudent approach would be to monitor sector developments and company-specific news closely. Those with a higher risk tolerance might consider tactical trades around support levels, while more conservative investors may prefer to explore alternative opportunities within the Auto Components & Equipments sector.

Summary of Key Technical Metrics for JTEKT India Ltd

• Current Price: ₹141.95 (down 1.49%)


• 52-Week Range: ₹106.90 – ₹189.00


• Mojo Score: 35.0 (Sell, downgraded from Hold on 12 Jan 2026)


• MACD: Weekly Bearish, Monthly Mildly Bearish


• RSI: No clear signal on weekly/monthly


• Bollinger Bands: Weekly Bearish, Monthly Mildly Bearish


• Moving Averages: Daily Mildly Bullish


• KST: Bearish on weekly and monthly


• Dow Theory: Mildly Bearish weekly and monthly


• OBV: No trend weekly, Bullish monthly

In conclusion, JTEKT India Ltd’s technical parameters reveal a stock at a crossroads, with bearish momentum dominating but short-term bullish signals providing some counterbalance. Investors should weigh these factors carefully within the context of broader market and sector trends before making investment decisions.

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