Jamna Auto Share Price: Current Performance & Market Analysis
Overview of Jamna Auto Industries
Jamna Auto Industries Limited (NSE: JAMNAAUTO) is India's largest manufacturer of tapered leaf springs and parabolic springs for commercial vehicles. Listed on NSE and BSE, the company's stock performance is closely tied to commercial vehicle demand and automotive industry cycles.
Current Jamna Auto Share Price Performance
- Latest trading price (as of latest data): ₹115-125 range (subject to market fluctuations)
- 52-week range: ₹85 - ₹135 (NSE)
- Market capitalization: ₹7,000-7,500 crore range
Historical Share Price Trends
| Period | Key Milestones |
|---|---|
| 2020 (COVID) | Dropped to 3-year low of ₹35 |
| 2021-2022 | Rally to all-time high of ₹135 |
| 2023 | Consolidation between ₹90-120 |
Key Factors Influencing Jamna Auto Share Price
1. Commercial Vehicle Market Growth
- Direct correlation with MHCV (Medium & Heavy Commercial Vehicle) production
- Government infrastructure spending
- Replacement demand cycles (typically every 3-5 years)
2. Financial Performance
- Margins: 18-22% EBITDA margins maintained consistently
- Debt-free status: Zero long-term debt strengthens balance sheet
- Dividend history: Consistent dividend payouts since 2012
3. Market Position
- 60%+ market share in OEM segment
- Clients include Ashok Leyland, Tata Motors, VE Commercial Vehicles
4. Raw Material Costs
- Steel prices (accounts for 60% of production costs)
- Aluminum and rubber price fluctuations
Technical Analysis Perspective
- Support levels: ₹105-110 range
- Resistance levels: ₹130-135 zone
- 200-DMA: ₹112 (key trend indicator)
Institutional Interest
- FII holding: Increased from 8.2% to 12.5% in last 4 quarters
- Mutual funds: 7 major funds added positions in 2023
Recent Developments Impacting Share Price
- Q4 FY24 Results: 18% YoY revenue growth reported
- New plant commission: Aurangabad facility operational since Jan 2024
- Export orders: First major export contract to South Africa (May 2024)
Peer Comparison (Auto Ancillaries)
| Company | P/E Ratio | Dividend Yield |
|---|---|---|
| Jamna Auto | 28x | 0.5% |
| Bharat Forge | 35x | 0.3% |
| Mahindra CIE | 25x | 1.2% |
Future Outlook & Price Predictions
- Short-term (6 months): ₹125-140 range expected with CV demand revival
- Medium-term: Potential upside to ₹160 with capacity expansion benefits
- Risks: Slowdown in infrastructure projects, steel price volatility
How to Track Live Jamna Auto Share Price
- NSE Website: JAMNAAUTO quote
- BSE Website: 532310 scrip page
- Trading apps: Groww, Zerodha, Upstox
Investment Considerations
- Growth potential: Beneficiary of India's logistics and EV transition
- Valuation: Currently trading at slight premium to historical average
- Technical indicators: RSI at 54 suggests neutral territory
Note: Prices and ratios updated as of July 2024. Verify latest data before investment decisions.
Disclaimer: This analysis is for informational purposes only. Consult a SEBI-registered advisor before making investment decisions. Past performance doesn't indicate future returns.
