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Reading: Ashish Kacholia portfolio stock Aeroflex Industries drops 10% after weak Q1 results
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Viral Trending content > Blog > Business > Ashish Kacholia portfolio stock Aeroflex Industries drops 10% after weak Q1 results
Business

Ashish Kacholia portfolio stock Aeroflex Industries drops 10% after weak Q1 results

By Viral Trending Content 3 Min Read
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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.

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Live EventsTechnical indicators mixed

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 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.

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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)

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