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JAYNECOIND · Materials · 2026-08-21

Jayaswal Neco Industries Ltd

Stage 3 · wk 6In scan: Pullback Hunter · Prop Scan · Breakout WatchMARKET: BULL RISING · 2026-08-21
₹99.9
+6.63% today
₹9,699 Cr · Mid cap
About this companyMaterials· Iron & Steel
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Jayaswal Neco Industries Limited engages in the manufacture and sale of steel products and iron and steel castings in India. It operates through Steel, Iron and Steel Castings, and Other segments. The company offers steel products, including pellets, sponge and pig iron, billets, alloy steel bars and wire rods, and blooms and slabs used in carbon and alloy steels, springs, cold heading quality steels, leaf springs, connecting rods, shock absorber and crank shafts, gears, ball bearings, and stabilizer bars and coils, as well as supplies steel in cast, rolled, annealed, and bright bar forms. It also provides automotive castings, such as differential and clutch housings, axles, cylinder heads, and gear box housing products used by cars, trucks, ractors,and agricultural equipment manufacturers, as well as hubs, suspension and engineering items, differential case and covers, railway inserts, base plates for metro rail, insulators and electrical prts, and supplies iron castings to the automotive sector; and engineering castings comprising ductile iron castings, carrier housing, and axle end cap and backing rings. Additionally, the company offers centricast products, including sanitary, hub less pipes, ductile and cast iron manhole covers, and frames and gratings and construction castings comprising manhole covers, ingot moulds, stool plates, and slag pots under NECO brand. Further, it produces various grades of iron ores and limestones to feed the integrated iron and steel plants and engages n PVC pipes trading. The company serves its products in automotive, defense, infrastructure, oil and gas, power, railways, engineering, generator sets, petrochemicals and refineries, agricultural machinery, steel, service lines, irrigation, sugar crushers, crane and material handling equipment manufacturers, bearings, structural and fasteners, and other industries. Jayaswal Neco Industries Limited was formerly known as Jayaswals Neco Ltd. and changed its name to Jayaswal Neco Industries Limited in November 2007. The company was incorporated in 1972 and is headquartered in Nagpur, India.

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P/E (TTM)
21.9
Forward —
Earnings Growth (YoY)
+87.7%
Revenue +17.8%
ROE
+17.8%
Profit margin +6.5%
vs 52W High
-13.3%
₹57.4 lo₹115.2 hi
13.3% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 6
1w13w26w
Week 6 — distribution, avoid new longs
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
17.6%
200 DMA: ₹84.9 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
3.85x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↗ ⇈
Accelerating · MA20 +1.8% vs MA50 -3.8% / 10d
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Materials
↑ Building
Stage 2%
39.3%
20d Δ
+8.0pp
1M return
+2.7%
3M return
+1.4%
Sector Stage-2 % · last 20 days
Sector has 158 Stage 2 leaders. See Materials Stage 2 →
Industry
Iron & Steel
↓ Peaking
Stage 2%
39.4%
20d Δ
-2.0pp
1M return
+3.8%
3M return
+2.0%
Industry Stage-2 % · last 20 days
Industry has 28 Stage 2 leaders. See Iron & Steel Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-29 → 2026-08-21
S2 41w
S4 28w
S2 37w
2023-05-292026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 2w → S1 6w → S2 41w → S3 11w → S4 5w → S1 8w → S4 28w → S1 7w → S2 37w → S3 5w → S2 12w → S3 6w current
Total tracked: 168 weeks across 12 stage runs.
1M
+18.5%
3M
-3.2%
6M
+28.9%
YTD
+15.9%
1Y
+71.2%
Scan Membership
Pullback Hunter
Latest: 2026-06-05
Prop Scan
Latest: 2026-06-05
Breakout Watch
Latest: 2026-04-21
46 appearances in last 60 days. First seen: 2025-06-30.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-21S3
Wk 6 · Vol x
2026-08-20S3
Wk 6 · Vol x
2026-08-19S3
Wk 6 · Vol x
2026-08-18S3
Wk 6 · Vol x
2026-08-17S3
Wk 6 · Vol x
2026-08-14S3
Wk 5 · Vol x
2026-08-13S3
Wk 5 · Vol x
2026-08-12S3
Wk 5 · Vol x
2026-08-11S3
Wk 5 · Vol x
2026-08-10S3
Wk 5 · Vol x
2026-08-07S3
Wk 4 · Vol x
2026-08-06S3
Wk 4 · Vol x
Sector Peers — Stage 2All →
COMSYN
wk 10 · -1.2% from hi
9.6
GULFPETRO
wk 9 · -0.5% from hi
9.6
MMP
wk 11 · -1.1% from hi
9.4
SIGIND
wk 2 · -1.4% from hi
9.2
SBCL
wk 15 · -10.1% from hi
9.0
Moving averages & range
50 DMA
₹89.4
200 DMA
₹84.9
52W High
₹115.2
52W Low
₹57.4
5D Low
₹88.3
Resistance levels (recent highs)
20d High
₹99.9
60d High
₹102.3
120d High
₹115.2
250d High
₹115.2
Next resistance
+2.5%
to 60d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.