GRANULES INDIA LTDViés de baixa
GRANULES : Dark days ahead?
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.
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