The producer of versatile stream options posted a 42.22% drop in internet revenue to Rs 7.17 crore for Q1 FY26, in contrast with Rs 12.41 crore within the year-ago quarter. Income for the June quarter additionally declined 6.04% to Rs 84.33 crore, down from Rs 89.75 crore in Q1FY25, reflecting muted demand regardless of its export-heavy mannequin and world consumer base.
Ace investor Ashish Kacholia raised his stake in Aeroflex Industries in the course of the June quarter. His holding elevated to 1.99% or 2,578,928 shares, from 1.92% or 2,478,928 shares within the March quarter.
Aeroflex Industries, which makes chrome steel hoses and assemblies used throughout sectors akin to oil & gasoline, chemical substances and vehicles, is thought for its high-quality export-focused product portfolio. Nonetheless, the weak quarterly displaying weighed on investor sentiment.
Tuesday’s decline dragged the inventory 32% beneath its 52-week excessive of Rs 271.60, touched in February 2025. It stays nicely above its 52-week low of Rs 145.05, hit in April.
The inventory has displayed uneven motion in current months. Whereas it gained 10% in Could and 18% in June, it has fallen 4% thus far in July. Earlier within the 12 months, the scrip noticed back-to-back declines, dropping 1.3% in April, 4% in March, and a steep 27% in February. In distinction, January had seen a ten% rally.On a year-to-date foundation, Aeroflex Industries shares are down 9.6% and have slipped 11% within the final one month. Over a one-year horizon, nonetheless, the inventory remains to be up 19.6%.
Technical indicators blended
From a technical perspective, the inventory is buying and selling beneath seven of its eight key easy shifting averages—together with the 5-day, 10-day, 20-day, 30-day, 50-day, 150-day and 200-day SMAs, whereas staying simply above the 100-day SMA.
The Relative Energy Index (RSI) stands at 53.4, indicating impartial momentum. In the meantime, the Shifting Common Convergence Divergence (MACD) is at 5.5, sitting above the middle line however beneath the sign line, pointing to a probably cautious short-term development.
Additionally learn | Reliance Energy shares down 15% in a month as ED probe drags. Can the inventory reclaim Rs 70 amid volatility?
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t symbolize the views of the Financial Occasions)
