Zodiac JRD MKJ Ltd Stock Research

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Zodiac JRD MKJ Ltd Detail

Zodiac JRD MKJ Ltd is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Jewellery sector.

As per the Company website it is part of the Jhaveri family (JRD group), which has business interests in Cut & Polished Diamonds, Jewellery, Precious Stones and Semi Precious Stones.

Registered office of Company is situated in Mumbai. It is mainly in business of polishing diamonds and other precious stones.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Zodiac JRD MKJ Ltd Stock Performance

Above Graph depicts that Company has cyclic business nature. It performs for year or so and then have negative movement. Most of the time the stock traded between 20 and 40 mark. Any price below 20 can be treated as buying opportunity and any price above 60 is excellent selling opportunity.

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For past 16 years Stock has followed above paragraph. It has not bettered its performance over the years. So in case any one is interested in trading this stock then they can take a hint from above support and resistance levels.

Zodiac JRD MKJ Ltd My Opinion

Zodiac JRD MKJ Ltd is a Jewellery Company. The Company deals with Diamond cutting and polishing. It also deals with other semi precious stones as well.

This sector is not growing sector. It has fixed market to operate on. Recent debacle of Nirav Modi has raised eye brows of Investors and General public as well.

People have gradually moved from Gold and Diamonds to artificial items. They are cheaper and are safe to wear (without any worry of theft and losing it). being cheap people can replace them or have more than one set for multiple occasions.

Due to shift in outlook of people and recent issues I am not too convinced on this sector. Diamonds are still costly and are things of rich. The sector is saturated and will not have good growth to help the Company. I am not invested in this sector nor am interested to track or invest in the sector and Company alike.

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In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.


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