Potential Dumping of SJS

Oct 14

SJS has seen a strong rally in recent weeks, but the recent price–volume action suggests possible distribution at higher levels. On shorter time frames, heavy volumes are consistently getting absorbed around ₹1500 mark, indicating that large quantities may be offloaded by institutional hands.

I’ve decided to exit my SJS position for now and wait for a clearer consolidation phase. Multiple high-volume candles with negative closes and sizable delivery volumes at the end of the day reinforce the need for caution. I’ll stay alert and look to re-enter around the ₹1400 zone, once signs of stability emerge.

Based on analysis by Smart-Investing, SJS is flagged as “overvalued”, trading at a large premium relative to its estimated intrinsic value, with discount models implying significant downside. 

MarketsMojo reports that in recent days, despite price strength, delivery volumes have dropped sharply (~50–60% vs 5-day average), indicating lower conviction among holders. 

Oct 17

Trade active

As discussed, SJS is on a downtrend :) Cheers