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Economic Times
a day ago
- Business
- Economic Times
Ashish Kacholia portfolio stock Aeroflex Industries drops 10% after weak Q1 results
Shares of Aeroflex Industries fell as much as 9.9% on Tuesday, July 29, to Rs 185.25 on the BSE, after the company reported a sharp year-on-year decline in earnings for the June quarter, triggering a sell-off in the Ashish Kacholia-backed stock. ADVERTISEMENT The manufacturer of flexible flow solutions posted a 42.22% drop in net profit to Rs 7.17 crore for Q1 FY26, compared with Rs 12.41 crore in the year-ago quarter. Revenue for the June quarter also declined 6.04% to Rs 84.33 crore, down from Rs 89.75 crore in Q1FY25, reflecting muted demand despite its export-heavy model and global client base. Ace investor Ashish Kacholia raised his stake in Aeroflex Industries during the June quarter. His holding increased to 1.99% or 2,578,928 shares, from 1.92% or 2,478,928 shares in the March quarter. Aeroflex Industries, which makes stainless steel hoses and assemblies used across sectors such as oil & gas, chemicals and automobiles, is known for its high-quality export-focused product portfolio. However, the weak quarterly showing weighed on investor decline dragged the stock 32% below its 52-week high of Rs 271.60, touched in February 2025. It remains well above its 52-week low of Rs 145.05, hit in stock has displayed choppy movement in recent months. While it gained 10% in May and 18% in June, it has fallen 4% so far in July. Earlier in the year, the scrip saw back-to-back declines, dropping 1.3% in April, 4% in March, and a steep 27% in February. In contrast, January had seen a 10% rally. ADVERTISEMENT On a year-to-date basis, Aeroflex Industries shares are down 9.6% and have slipped 11% in the last one month. Over a one-year horizon, however, the stock is still up 19.6%. ADVERTISEMENT From a technical perspective, the stock is trading below seven of its eight key simple moving averages—including the 5-day, 10-day, 20-day, 30-day, 50-day, 150-day and 200-day SMAs, while staying just above the 100-day Relative Strength Index (RSI) stands at 53.4, indicating neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 5.5, sitting above the center line but below the signal line, pointing to a potentially cautious short-term trend. Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Ashish Kacholia portfolio stock Aeroflex Industries drops 10% after weak Q1 results
Shares of Aeroflex Industries fell as much as 9.9% on Tuesday, July 29, to Rs 185.25 on the BSE , after the company reported a sharp year-on-year decline in earnings for the June quarter, triggering a sell-off in the Ashish Kacholia-backed stock. The manufacturer of flexible flow solutions posted a 42.22% drop in net profit to Rs 7.17 crore for Q1 FY26, compared with Rs 12.41 crore in the year-ago quarter. Revenue for the June quarter also declined 6.04% to Rs 84.33 crore, down from Rs 89.75 crore in Q1FY25, reflecting muted demand despite its export-heavy model and global client base. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Data Science Project Management PGDM Cybersecurity MCA Design Thinking Technology Artificial Intelligence Healthcare Public Policy others Data Analytics Management MBA Operations Management CXO Data Science Degree Others Leadership Product Management Finance Digital Marketing Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Ace investor Ashish Kacholia raised his stake in Aeroflex Industries during the June quarter. His holding increased to 1.99% or 2,578,928 shares, from 1.92% or 2,478,928 shares in the March quarter. Aeroflex Industries, which makes stainless steel hoses and assemblies used across sectors such as oil & gas, chemicals and automobiles, is known for its high-quality export-focused product portfolio. However, the weak quarterly showing weighed on investor sentiment. Tuesday's decline dragged the stock 32% below its 52-week high of Rs 271.60, touched in February 2025. It remains well above its 52-week low of Rs 145.05, hit in April. Live Events The stock has displayed choppy movement in recent months. While it gained 10% in May and 18% in June, it has fallen 4% so far in July. Earlier in the year, the scrip saw back-to-back declines, dropping 1.3% in April, 4% in March, and a steep 27% in February. In contrast, January had seen a 10% rally. On a year-to-date basis, Aeroflex Industries shares are down 9.6% and have slipped 11% in the last one month. Over a one-year horizon, however, the stock is still up 19.6%. Technical indicators mixed From a technical perspective, the stock is trading below seven of its eight key simple moving averages—including the 5-day, 10-day, 20-day, 30-day, 50-day, 150-day and 200-day SMAs, while staying just above the 100-day SMA. The Relative Strength Index (RSI) stands at 53.4, indicating neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 5.5, sitting above the center line but below the signal line, pointing to a potentially cautious short-term trend. Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Shriram Finance shares rally 4% as Q1 profit growth, AUM expansion lift sentiment
Shares of Shriram Finance climbed as much as 3.8% on Monday, July 28, to Rs 638.95 on the BSE after the non-banking finance company posted a 9% rise in its Q1FY26 standalone net profit and reported strong asset growth. ADVERTISEMENT The stock, which has gained 19.7% over the past six months, extended early gains to trade among the top performers in the financial services sector. Shriram Finance on Friday, July 25, reported a standalone net profit of Rs 2,156 crore for the April-June quarter, up 9% from Rs 1,981 crore in the same period last year. Sequentially, profit after tax rose 0.8% from Rs 2,139 crore in the January-March quarter. Net interest income (NII) increased 12.6% year-on-year to Rs 6,026 crore compared to Rs 5,354 crore in Q1FY25, though it dipped marginally by 0.41% from Rs 6,051 crore in the previous quarter. Total income rose 20% year-on-year to Rs 11,542 crore from Rs 9,610 crore. The company's assets under management (AUM) expanded 17% to Rs 2,72,249.01 crore as of June 30, 2025, up from Rs 2,33,444 crore a year ago and Rs 2,63,190 crore at the end of March. Operating profit climbed 9% year-on-year to Rs 4,192 crore but slipped 3.3% on a quarterly basis. ADVERTISEMENT Loan losses and provisions were at Rs 1,286 crore, down 18% quarter-on-quarter but up 8.3% compared to the year-earlier period. Earnings per share rose 8.73% to Rs 11.46 from Rs 10.54 a year ago. Shriram Finance shares have gained 8.7% so far in 2025, though they remain down 9.4% over the past month. On a three-month basis, the stock has added 2%. ADVERTISEMENT From a technical perspective, the stock trades below six of its eight key simple moving averages, the 5-day, 10-day, 20-day, 30-day, 50-day and 100-day SMAs, while remaining above its 150-day and 200-day Relative Strength Index (RSI) is at 34.9, indicating the stock is approaching oversold territory. The Moving Average Convergence Divergence (MACD) is at -9.8, below both the center and signal lines, suggesting continued bearish momentum. ADVERTISEMENT Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
2 days ago
- Business
- Economic Times
Premier Energies shares slide 3% after Q1 results
Shares of Premier Energies fell as much as 2.8% on Monday, July 28, to Rs 1,061.05 on the BSE after the company posted its June 2025 quarter results over the weekend, showing a strong jump in profit as well as revenue. ADVERTISEMENT Premier Energies reported a 10% year-on-year rise in revenue to Rs 1,820.7 crore for the first quarter ended June. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged 53% to Rs 548.3 crore, while net profit increased 55.4% to Rs 307.8 crore from Rs 198.1 crore in the same quarter last year. EBITDA margins expanded to 30.2% during the quarter, up sharply from 21.6% a year earlier. The modules business remained the primary growth driver, contributing 74% of total revenue, while the cells division accounted for 23%. The company outlined ambitious capacity targets across its operations. It aims to build annual capacities of 10 GW each for its Wafers & Ingots and cells businesses within the next three years. Additionally, Premier Energies is targeting 36,000 MT in aluminium frames and 110 GW in modules capacity by of June-end, the company held an order book of Rs 8,602 crore, with all contracts stemming from the domestic market. ADVERTISEMENT Premier Energies shares closed 1.5% lower at Rs 1,084.7 on Friday. The stock has declined 20% so far in 2025, despite a 22% gain over the past six months. From a technical perspective, the stock is trading above five of its eight key simple moving averages, including the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, but remains below its 5-day, 10-day, and 20-day SMAs. ADVERTISEMENT The Relative Strength Index (RSI) is at 56, indicating neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) stands at 10.9 and remains above both the center and signal lines, suggesting a continuing bullish undertone. Also read | Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility? ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Reliance Infrastructure shares zoom nearly 5%; here's why
Reliance Infrastructure shares rallied 4.66% to the day's high of Rs 358 on the BSE on Monday, following two key announcements made on July 27: the conclusion of Enforcement Directorate (ED) action across all company locations, and the unveiling of a comprehensive growth strategy in Defence, Aerospace, and Renewable Energy by the leadership of Reliance Infrastructure and Reliance Power . Here are the details of the updates shared by the company: - ED action concludes with no impact on business operations On Sunday, Reliance Infrastructure announced that the ED's action had concluded at all company locations. The company stated that all officials fully cooperated with authorities and will continue to do so in the future. It further clarified that the ED action has had no impact on its business operations, financial performance, governance, employees, or any stakeholders. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Project Management Management Data Science Healthcare Artificial Intelligence MCA Public Policy Others healthcare Cybersecurity Data Science MBA others Data Analytics CXO Design Thinking Leadership Degree Digital Marketing Technology Product Management PGDM Operations Management Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The company noted that the action appears to be related to decade-old transactions involving Reliance Communications Ltd (RCOM) and Reliance Home Finance Ltd (RHFL)—two entities with which Reliance Infrastructure has no financial or business linkage. RCOM is currently undergoing insolvency proceedings under the IBC since 2016, while RHFL has been fully resolved following a Supreme Court judgment. Reliance Infrastructure emphasized that Anil Ambani is not on its Board and that proceedings involving RCOM or RHFL have no bearing on its governance or operations. Live Events The company reaffirmed that it continues to operate normally and remains focused on its business plans and delivering long-term value to all stakeholders. - Group leadership unveils Rs 18,000 crore strategic growth plan Alongside the ED update, more than 100 senior leaders from Reliance Infrastructure and Reliance Power convened to outline the group's next phase of growth. This follows recent approval by both company boards to raise Rs 18,000 crore via equity and debt to fund expansion across Defence & Aerospace, Power Distribution, and Renewable Energy. Both companies—Reliance Infrastructure and Reliance Power—are nearly debt-free, with net worths of Rs 14,883 crore and Rs 16,431 crore, respectively, and a combined public shareholding base of over 50 lakh investors. Key focus areas for Reliance Infrastructure include: - Defence & Aerospace: Plans to manufacture Falcon 2000 business jets in India in collaboration with Dassault Aviation, along with strategic partnerships with US-based Coastal Mechanics and Germany's Rheinmetall AG and Diehl Defence for advanced military manufacturing. - Power Distribution: Serving over 53 lakh households in Delhi via BSES, with continued emphasis on smart and sustainable power delivery. - Green Energy Goals: Targeting clean power sourcing for Delhi over the next five years. For Reliance Power, the focus remains on: Renewable Energy: Operating a portfolio of ~5.3 GW and securing ~3.3 GWh of Solar and Battery Energy Storage System (BESS) projects—Asia's largest solar-plus-storage initiative. The leadership reiterated its commitment to converting challenges into opportunities, staying aligned with the vision of the late Shri Dhirubhai Ambani. Reliance Infrastructure shares had closed at their 5% lower circuit at Rs 342.05 on BSE on Friday. Also read: NSDL IPO: Issue opens on July 30, here's what you need to know about GMP, issue details ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
