The daily chart for Granules India Ltd. signals a bearish outlook, particularly with the recent close at ₹532.40, a 5.29% drop. The price has approached a critical support level at ₹528. A breakdown below this level could trigger further downside toward ₹508, ₹486, and potentially ₹460. The 200-day moving average hovers around ₹567, and any close above ₹576 would invalidate this bearish view. However, until such a reversal occurs, the trend remains downward.
Adding to the negative sentiment, the recent earnings report highlights weak revenue performance, with the company posting ₹9.666 billion in revenue versus an estimated ₹10.588 billion, an 8.71% miss. While earnings per share marginally exceeded estimates, revenue underperformance suggests underlying business challenges. Overall, the chart's technicals and disappointing financials could drive further selling pressure on the stock.
Adding to the negative sentiment, the recent earnings report highlights weak revenue performance, with the company posting ₹9.666 billion in revenue versus an estimated ₹10.588 billion, an 8.71% miss. While earnings per share marginally exceeded estimates, revenue underperformance suggests underlying business challenges. Overall, the chart's technicals and disappointing financials could drive further selling pressure on the stock.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.