Latest news with #AshishKacholia-backed
Economic Times
2 days 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
2 days 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)
Time of India
15-07-2025
- Business
- Time of India
BSE receives hoax bomb threat, says operations unaffected
A bomb threat to BSE turned out to be a hoax, as preliminary checks by authorities found no suspicious objects, India's oldest stock exchange said in a statement today. The threat was received via email on Sunday, July 13. The exchange's operations remain unaffected and continue as normal, the release said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost of Dental Implants in Your City Might Surprise You! Dental implant | Search Ads Learn More Undo 'On the night of July 13, BSE received a bomb threat via email from an unknown ID. As a precautionary measure, BSE has stepped up its diligence and supervision at its premises immediately and filed an FIR on this issue. All relevant authorities have been informed of the said mail,' the release said. BSE shares on Tuesday surged 3.5% to hit the day's high of Rs 2,547.40 on the NSE. The stock extended its rally for the second day in a row, gaining over 7% in this period. The multibagger stock has been in top form, surging by 219% in the past 12 months. In this year so far, its gains have been to the tune of 39%. This is a significant outperformance over Nifty and Sensex whose 1-year returns stand at 2.5% and 2.4%, respectively. Both these indices have gained 6% and 5% on a year-to-date basis. Live Events Also Read: Japan's Nikkei rises as Nvidia's AI China news lifts chip-related shares However, the rally was briefly derailed by the Jane Street controversy earlier this month. BSE shares have tumbled nearly 20% from their June 10 peak of Rs 3,030. The selloff intensified after SEBI's bombshell order on July 3, which barred U.S. quant trading firm Jane Street from Indian markets and froze Rs 4,840 crore in assets over allegations of a 'well-planned and sinister scheme' to manipulate Nifty Bank. The fallout was immediate and brutal, with derivatives turnover collapsing and brokerages rushing to downgrade exchange stocks amid fears of further regulatory tightening. Also Read: Ashish Kacholia-backed Balu Forge stalls after 720% IPO rally. Time to re-enter? Market analysts have now begun to downgrade exchange stocks. IIFL Capital downgraded BSE to ADD, citing near-term volume headwinds.
Economic Times
15-07-2025
- Automotive
- Economic Times
Ashish Kacholia-backed Balu Forge stalls after 720% IPO rally. Time to re-enter?
Tired of too many ads? Remove Ads Balu Forge share price outlook Tired of too many ads? Remove Ads Fundamentally fit Ashish Kacholia-backed Balu Forge delivered a staggering 720% return over its IPO issue price of Rs 108 within just five months of listing — a clear reflection of the strong investor interest it has attracted. Down 31% from its September peak, the stock has been trading sideways, awaiting a decisive breakout. Despite the recent correction, market experts remain optimistic about its long-term prospects and continue to recommend a 'buy'.Listed on April 29, 2024, Balu Forge soared to a 52-week high of Rs 886.95 on September 24, 2024, buoyed by bullish market sentiment and the Nifty index hitting record highs at the Balu Forge's sharp correction—plunging over 100% to a low of Rs 436.15 on March 17 was equally dramatic, mirroring the broader market sell-off triggered by US President Donald Trump's tariff threats. The downturn persisted until mid-April, but markets rebounded following the announcement of a three-month tariff pause—and Balu Forge followed stock still has to recover nearly 14% to retrace the 2024 Gupta, Director at Ya Wealth Global Research expects the stock to remain in a sideways to positive trend, going ahead. He recommends a buy on dips , placing a strong support at Rs 600 levels while the resistance at Rs Nilesh Jain also does not see a clear trend for the stock on charts. For investors with a short term view, his recommendation is to avoid as he places support at Rs 650 and resistance at the long sideways trend, the stock scores on auto component maker reported a 123% year-on-year jump in its Q4FY25 net profit at Rs 63 crore versus Rs 28 crore in the year ago period. The company delivered a 67% increase in its revenue from operations at Rs 270 crore versus Rs 161 crore in the corresponding quarter of the previous financial year.'Leading manufacturer of forged components, Balu Forge, has been displaying a promising price action, making it a lucrative buy opportunity. The stock is currently valued at a 40% premium compared to its sector peers. Hence, a gradual accumulation strategy would prove effective in achieving a better average purchase price," V.L.A. Ambala, a SEBI-registered Research Analyst Co Founder of Stock Market Today, told company's financial records also show a strong ROE, he said while highlighting how this stock remains a preferred buy for different classes of investors. "In the recent quarter, holdings by promoters, FIIs, DIIs, and retail investors have increased in the company. However, its proprietary desks have reduced their stakes," Ambala interested can consider entering Balu Forge in the buying range of Rs 610 to Rs 665, he recommended, estimating a price target between Rs 710 and Rs 940 for a holding period of 1-3 months. He sets a strict stop loss of Rs suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
15-07-2025
- Automotive
- Time of India
Ashish Kacholia-backed Balu Forge stalls after 720% IPO rally. Time to re-enter?
Ashish Kacholia-backed Balu Forge delivered a staggering 720% return over its IPO issue price of Rs 108 within just five months of listing — a clear reflection of the strong investor interest it has attracted. Down 31% from its September peak, the stock has been trading sideways, awaiting a decisive breakout. Despite the recent correction, market experts remain optimistic about its long-term prospects and continue to recommend a 'buy'. Listed on April 29, 2024, Balu Forge soared to a 52-week high of Rs 886.95 on September 24, 2024, buoyed by bullish market sentiment and the Nifty index hitting record highs at the time. However, Balu Forge's sharp correction—plunging over 100% to a low of Rs 436.15 on March 17 was equally dramatic, mirroring the broader market sell-off triggered by US President Donald Trump's tariff threats. The downturn persisted until mid-April, but markets rebounded following the announcement of a three-month tariff pause—and Balu Forge followed suit. The stock still has to recover nearly 14% to retrace the 2024 closing. Balu Forge share price outlook Anuj Gupta, Director at Ya Wealth Global Research expects the stock to remain in a sideways to positive trend, going ahead. He recommends a buy on dips , placing a strong support at Rs 600 levels while the resistance at Rs 780. Expert Nilesh Jain also does not see a clear trend for the stock on charts. For investors with a short term view, his recommendation is to avoid as he places support at Rs 650 and resistance at 710. Fundamentally fit Notwithstanding the long sideways trend, the stock scores on fundamentals. The auto component maker reported a 123% year-on-year jump in its Q4FY25 net profit at Rs 63 crore versus Rs 28 crore in the year ago period. The company delivered a 67% increase in its revenue from operations at Rs 270 crore versus Rs 161 crore in the corresponding quarter of the previous financial year. 'Leading manufacturer of forged components, Balu Forge, has been displaying a promising price action, making it a lucrative buy opportunity. The stock is currently valued at a 40% premium compared to its sector peers. Hence, a gradual accumulation strategy would prove effective in achieving a better average purchase price," V.L.A. Ambala, a SEBI-registered Research Analyst Co Founder of Stock Market Today, told ETMarkets. The company's financial records also show a strong ROE, he said while highlighting how this stock remains a preferred buy for different classes of investors. "In the recent quarter, holdings by promoters, FIIs, DIIs, and retail investors have increased in the company. However, its proprietary desks have reduced their stakes," Ambala said. Those interested can consider entering Balu Forge in the buying range of Rs 610 to Rs 665, he recommended, estimating a price target between Rs 710 and Rs 940 for a holding period of 1-3 months. He sets a strict stop loss of Rs 560. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
