Nishant Shah

Indian🇮🇳, CA, Equity Research

[Nishant Shah @canishantsheth]

#HNDFDS
#HINDUSTANFOODS

📊 𝙈𝙤𝙣𝙩𝙝𝙡𝙮 𝙎𝙮𝙢𝙢𝙚𝙩𝙧𝙞𝙘𝙖𝙡 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣:

👉Support trendline: rising (bullish sign)

📈Resistance: 590–620 zone

✅Entry: Breakout + volume confirmation

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Nishant Shah @canishantsheth]

#HNDFDS
#Hindustan Foods Ltd

Q1 FY27 Result (Decent)

✅Revenue ₹1201 Cr → +18% YoY, steady growth
✅EBITDA ₹106 Cr → +42 bps YoY
✅PAT ₹42.8 Cr → +33% YoY
✅Expenses growing faster → cost intensity rising
✅Overall business still low-margin (8–9%)

[Nishant Shah @canishantsheth]

#RajeshPower
Rajesh Power Services Ltd.

✅It secured ₹362.83 crore PGVCL orders for underground cable network projects in Jamnagar

✅To Convert overhead power lines (11 kV & LT) into underground cable network with ring main system in Jamnagar

✅To be executed over 24 Month

[Nishant Shah @canishantsheth]

#HNDFDS
#Hindustan Foods Ltd

Q1 FY27 Result (Decent)

✅Revenue ₹1201 Cr → +18% YoY, steady growth
✅EBITDA ₹106 Cr → +42 bps YoY
✅PAT ₹42.8 Cr → +33% YoY
✅Expenses growing faster → cost intensity rising
✅Overall business still low-margin (8–9%)

[Nishant Shah @canishantsheth]

#AjaxEngg
#Ajax Engineering Ltd

📈Potential 𝘾𝙪𝙥 & 𝙃𝙖𝙣𝙙𝙡𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣 is formed near its breakout zone.

✅Breakout Level to watch to confirm : 610–620

👉560–570 → Immediate support (Handle)

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Nishant Shah @canishantsheth]

#GNG
#GNG Electronics Ltd

👉 Price is currently testing the rising trendline support.

👉 Breakdown below the trendline could shift support between 460–475.

👉Major Support : 400-420 if fall below 460.

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺

[Nishant Shah @canishantsheth]

#GNG
#GNG Electronics Ltd

Q1 FY27 Result : (Excellent)

✅Revenue: ₹412.5 Cr 🔼 +32.1%
✅EBITDA: ₹52.9 Cr 🔼 +50.4%
✅EBITDA Margin: 12.8% (↑ 156 bps)
✅PAT: ₹28.9 Cr 🔼 +56.2%
✅PAT Margin: 7.0% (↑ 108 bps)

🧵

[Nishant Shah @canishantsheth]

#PrincePipe

Press Release Q1FY27:
⚠️Cautionary commentary

[Nishant Shah @canishantsheth]

#PrincePipe
Q1 FY27 Result (Decent)

✅ Revenue: +5% YoY, but -28% QoQ due to seasonality.
✅ PAT: jumped 600% YoY to ₹33.7 Cr.
✅ Estimated EBITDA: up 91% YoY with margin expanding to 13.3% from 7.3% last year.
✅ Finance cost: down 40.5% YoY
✅QoQ not comparable

[Nishant Shah @canishantsheth]

#PrincePipe
Q1 FY27 Result (Decent)

✅ Revenue: +5% YoY, but -28% QoQ due to seasonality.
✅ PAT: jumped 600% YoY to ₹33.7 Cr.
✅ Estimated EBITDA: up 91% YoY with margin expanding to 13.3% from 7.3% last year.
✅ Finance cost: down 40.5% YoY
✅QoQ not comparable

[Nishant Shah @canishantsheth]

#Naukri
#InfoEdge

✅Multiyear Symmetrical Triangle breakout visible as per chart
✅Price has closed above the descending trendline
✅Weekly close above 1300 with strong volume is bullish confirmation
✅Need to watch of success retest of 1200–1240

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥y

[Nishant Shah @canishantsheth]

#naukri
#infoedge
Info Edge (India) Ltd

👉Price has broken out of the consolidation box and may retest the 1280–1300 zone.

👉If this level holds and we see strong volume,
next move can extend toward 1400 (major resistance).

[Nishant Shah @canishantsheth]

#GANECOS
#Ganesha Ecosphere

☑️𝙇𝙤𝙣𝙜 𝙎𝙮𝙢𝙢𝙚𝙩𝙧𝙞𝙘𝙖𝙡 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 after correcting from its ATH

☑️Breakout may be made over weekly close above 1180–1220 with strong volume

☑️Trendline support around 1000–1100 if price retest

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘰𝘯𝘭𝘺

[Nishant Shah @canishantsheth]

#GaneshaEcosphere
#GANECOS

Ganesha Ecosphere Ltd
Q1 FY27 Result (Excellent 👌)

✅Revenue: ₹423.7 Cr (+25.7% YoY)

✅PBT: ₹37.1 Cr (+159.1% YoY)

✅PAT: ₹29.0 Cr (+169.9% YoY)

✅PBT Margin: 8.76% vs 4.25% (+451 bps)

✅PAT Margin: 6.85% vs 3.19% (+366 bps)

[Nishant Shah @canishantsheth]

#ZenTech
#Zen Technologies Ltd

It form a symmetrical triangle with price currently close to the upper trendline.

☑️Breakout may be considered above 1780–1800 with strong volume confirmation

☑️Trendline support: 1620–1650

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺

[Nishant Shah @canishantsheth]

#Sambhv
#Sambhv Steel Tubes

👉 Breakout trade may be taken above 129 on strong volume confirmation.

👉 Immediate trendline support: 118–120

👉 Resistance zone: 138–140

[Nishant Shah @canishantsheth]

#Sambhv
#Sambhv Steel Tubes

Q1 FY27 Result (Excellent ✅)

👉Revenue: ₹732.2 Cr ⬆️31.1% YoY (₹558.6 Cr)

👉PBT: ₹76.9 Cr ⬆️68.3% YoY (₹45.7 Cr)

👉PAT: ₹56.5 Cr ⬆️66.9% YoY (₹33.9 Cr)

👉PBT Margin: 10.5% vs 8.2% last year

👉PAT Margin: 7.7% vs 6.1% last year (+166 bps)

[Nishant Shah @canishantsheth]

The Government has raised India's semiconductor demand forecast by 50%, from $100B to $150B by 2030

Listed Beneficiaries to Watch:

👉Kaynes Technology
👉CG Power
👉Dixon Technologies
👉Syrma SGS
👉Cyient DLM
👉Avalon Technologies
👉MosChip Technologies
👉RIR Power Electronics

[Nishant Shah @canishantsheth]

#GaneshaEcosphere
#GANECOS

Ganesha Ecosphere Ltd
Q1 FY27 Result (Excellent 👌)

✅Revenue: ₹423.7 Cr (+25.7% YoY)

✅PBT: ₹37.1 Cr (+159.1% YoY)

✅PAT: ₹29.0 Cr (+169.9% YoY)

✅PBT Margin: 8.76% vs 4.25% (+451 bps)

✅PAT Margin: 6.85% vs 3.19% (+366 bps)

[Nishant Shah @canishantsheth]

#Sambhv
#Sambhv Steel Tubes

Q1 FY27 Result (Excellent ✅)

👉Revenue: ₹732.2 Cr ⬆️31.1% YoY (₹558.6 Cr)

👉PBT: ₹76.9 Cr ⬆️68.3% YoY (₹45.7 Cr)

👉PAT: ₹56.5 Cr ⬆️66.9% YoY (₹33.9 Cr)

👉PBT Margin: 10.5% vs 8.2% last year

👉PAT Margin: 7.7% vs 6.1% last year (+166 bps)

[Nishant Shah @canishantsheth]

#Sbifunds
#SBI Funds Management
Q1 FY27 Result (Average)

💰 Revenue from Operations: ₹1,152.7 Cr ⬆️ 15.2% YoY

💰 Total Income: ₹1,389.9 Cr ⬆️ 4.6% YoY

💰 PAT: ₹880.3 Cr ⬆️ 3.7% YoY

📈 EPS: ₹4.32 vs ₹4.18 (+3.3% YoY)

[Nishant Shah @canishantsheth]

Key Highlights:

🔹 Revenue growth remained healthy in double digits.

🔹 EBITDA growth outpaced revenue, driving 310 bps margin expansion.

🔹 PAT grew faster than sales, reflecting strong operating leverage.

🔹 Declared Interim Dividend of ₹2.50/share.

[Nishant Shah @canishantsheth]

#CAMS
Computer Age Management Services Ltd

Q1 FY27 Result (Decent)
✅ Revenue: ₹395 Cr (+11.5% YoY | +3.5% QoQ)
✅ EBITDA: ₹173.3 Cr (+19.8% YoY | +3.6% QoQ)
✅ EBITDA Margin: 43.9%
✅ PAT: ₹128.0 Cr (+17.3% YoY | +3.5% QoQ)
✅ PAT Margin: 32.4%

🧵👇

[Nishant Shah @canishantsheth]

#Vadilal

👉 Previous ATH reclaimed ✅

👉 Fresh ATH likely if the breakout sustains with good volume

[Nishant Shah @canishantsheth]

#vadilal

👉Bullish Scenario if price breaks & closes
above 7200
👉Wait for breakout above that level for breakout
trade.

[Nishant Shah @canishantsheth]

#VintageCoffee

👉 Breakout entry can be confirmed only on a daily close above 165 with strong volume.

👉 The ₹160–165 zone continues to act as the immediate resistance.

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Nishant Shah @canishantsheth]

#vintagecoffee
Vintage Coffee & Beverages Ltd

👉Breakout trade from 162 level with good volume for level of 175

👉If not sustained, again support level : 155-160

𝘍𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺

[Nishant Shah @canishantsheth]

#TinnaRubber
#Tinna

✅ Resistance: 1180–1200
✅ Immediate support: 1080–1100
✅ Major support (rising trendline): 1000–1040

𝘊𝘩𝘢𝘳𝘵 𝘧𝘰𝘳 𝘴𝘵𝘶𝘥𝘺 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Nishant Shah @canishantsheth]

#Tinna
#Tinna Rubber

Momentum Trade:

👉Momentum Trendline Support : 990-1020 for
resistance of 1100-1180
👉Breakout trade is above 1100 with good volume.

𝘍𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺