Vijaya Diagnostic Centre Q2 profit rises 37.4% YoY

Vijaya Diagnostic Centre reported a 37.4% rise in Q2 profit and 26.7% revenue growth, while the daily chart shows price near a rising trendline. Vijaya Diagnostic Centre Limited [

] reported Q2 consolidated profit of Rs 59.5 crore, up 37.4% from Rs 43.3 crore a year ago. Revenue rose 26.7% to Rs 255.4 crore from Rs 201.6 crore. The stock turned volatile today as the market reacted to the numbers. Profit grew faster than revenue, which may point to better cost control on a larger base. On the daily chart, price rose from the May low and respected a rising trendline for months. It slipped below the line in mid October, found a base near Rs 1,335 and moved back to the line in early November. Today’s candle has long shadows on both sides, with a high of Rs 1,505 and a low of Rs 1,381.4. Price is trading near Rs 1,425, which shows buyers and sellers are active around the trendline. What next: Rs 1,335 is the support. A fall below it may weaken the structure. Rs 1,593.6, the September high, is the resistance, and a close above it may bring a stronger move. Conclusion: The setup stays neutral until price closes clearly above resistance or below support. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.