Short term swing trade | Buy NSE: JAIBALAJI | Indian stock trading picks on 28 Apr 2026

NOTE

Closing Price: ₹78.16 (as of Apr 27, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Jai Balaji Industries Limited is an iron and steel company based in Kolkata, India, founded in 1999. The company manufactures a wide range of products including TMT bars, sponge iron, pig iron, billets, ferro alloys, and cement, along with generating power for its operations. Its TMT bars are sold under the Balaji Shakti brand. The company primarily serves the Indian market and also exports its products.

Website: https://jaibalajigroup.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Management highlighted a resilient overall performance despite a difficult steel market environment, showing stability in operations even as sector conditions remained weak.
FY25 was a challenging year due to slower government order inflows and weaker price realizations across most product segments, which impacted overall revenue quality.
The key positive remained strong focus on value-added segments like DI pipes and specialized ferro alloys, where demand outlook and strategic importance continue to be high.
On a quarterly basis, volumes in DI pipes and ferro alloys improved, but lower realizations led to pressure on margins, resulting in softer EBITDA and PAT.
The company continues to strengthen its balance sheet, with net debt-to-equity around 0.6, and management remains optimistic about FY26 with expected recovery in government orders and overall demand.

Financial Highlights

Metric	Q3 FY26 Dec 2025	Q2 FY26 Sep 2025	QoQ Change	Q3 FY25 Dec 2024	YoY Change
Revenue (Rs cr)	1,353.35	1,357.17	-0.28%	1,486.39	-8.95%
Gross Profit (Rs cr)	40	94.46	-57.66%	201.62	-80.16%
PBT (Rs cr)	14.67	54.31	-72.99%	169.62	-91.35%
Net Profit / PAT (Rs cr)	26.48	70.55	-62.47%	120.42	-78.01%
Basic EPS (Rs)	0.29	0.77	-62.34%	1.32	-78.03%

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Management highlighted a resilient overall performance despite a difficult steel market environment, showing stability in operations even as sector conditions remained weak.
FY25 was a challenging year due to slower government order inflows and weaker price realizations across most product segments, which impacted overall revenue quality.
The key positive remained strong focus on value-added segments like DI pipes and specialized ferro alloys, where demand outlook and strategic importance continue to be high.
On a quarterly basis, volumes in DI pipes and ferro alloys improved, but lower realizations led to pressure on margins, resulting in softer EBITDA and PAT.
The company continues to strengthen its balance sheet, with net debt-to-equity around 0.6, and management remains optimistic about FY26 with expected recovery in government orders and overall demand.

Financial Highlights

Metric	Q3 FY26 Dec 2025	Q2 FY26 Sep 2025	QoQ Change	Q3 FY25 Dec 2024	YoY Change
Revenue (Rs cr)	1,353.35	1,357.17	-0.28%	1,486.39	-8.95%
Gross Profit (Rs cr)	40	94.46	-57.66%	201.62	-80.16%
PBT (Rs cr)	14.67	54.31	-72.99%	169.62	-91.35%
Net Profit / PAT (Rs cr)	26.48	70.55	-62.47%	120.42	-78.01%
Basic EPS (Rs)	0.29	0.77	-62.34%	1.32	-78.03%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock has broken above its long-term trendline resistance with strong volume, signaling a bullish trend reversal.
If sustained, this breakout could lead to further upside

A trusted swing trading stock advisor India helps traders identify breakout points where momentum is just beginning to build.

Technical Image - Daily Timeframe

Technical Analysis

Key Observations

The stock has broken above its long-term trendline resistance with strong volume, signaling a bullish trend reversal.
If sustained, this breakout could lead to further upside

A trusted swing trading stock advisor India helps traders identify breakout points where momentum is just beginning to build.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	70.22	Overbought
CCI-14	53.49	Overbought
ROC	24.62	Positive
Stochastic %K	84.68	Bullish
William %R	-3.78	Overbought
MFI	77.66	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	74	Above
10 EMA	71	Above
20 EMA	68	Above
50 EMA	66	Above
100 EMA	71	Above
200 EMA	86	Below

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	70.22	Overbought
CCI-14	53.49	Overbought
ROC	24.62	Positive
Stochastic %K	84.68	Bullish
William %R	-3.78	Overbought
MFI	77.66	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	74	Above
10 EMA	71	Above
20 EMA	68	Above
50 EMA	66	Above
100 EMA	71	Above
200 EMA	86	Below

Conclusion

Jai Balaji Industries Stock Price Forecast

Based on our short term share market tips, the Jai Balaji Industries price target will be INR 81 - INR 82 in the next 12-14 trading sessions.

Conclusion

Jai Balaji Industries Stock Price Forecast

Based on our short term share market tips, the Jai Balaji Industries price target will be INR 81 - INR 82 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

Your Return Could be Much Better

Increase your Profitable!

10—12 swing trade advice / month
expected upside 6%—8% per trade
short term trade holding 1-2 weeks
minimum capital required ₹2.5 lakh
receive trade advice before 9:00 am
trade ideas by blackbox system, relied on statistics, technical, fundamental, macroeconomics and sentiment
Stocks only — no intraday or F&O