is engaged in manufacturing air compressors, refrigeration systems, and industrial engineering solutions catering to multiple industries. In the latest quarter, the company’s revenue grew by 21.13% while net profit surged 69%. FII holdings also increased by nearly 3%, while the stock trades at a reasonable valuation of 37.5x P/E compared to the peer average of 38.87x.
Technical Analysis:
The stock has witnessed a strong breakout after a long consolidation phase and is currently trading near its recent highs around ₹1,550. Price is sustaining well above all key moving averages with a strong higher high–higher low structure visible on the daily chart. RSI near 65 indicates strong momentum, while ADX above 48 reflects a powerful ongoing trend. Sustaining above ₹1,500 can lead to further upside.