ELGi Equipments: Strong Q1 Numbers With a Good Weekly Setup

is one stock I find interesting both fundamentally and technically. The company is a major player in the air-compressor business with operations across India and international markets. Fundamentally, the latest Q1FY27 numbers were healthy. Revenue from operations grew around 23% YoY to ₹1,062 crore, while EBITDA grew around 28% to ₹155 crore. PAT also increased around 21% YoY to ₹103 crore. The air-compressor segment remained the key growth driver, with revenue growing around 23%. India and the Americas continued to support growth, although Europe and Australia remained relatively subdued. What I like here is that the company is seeing growth along with improvement in operating profitability. Management has also indicated that demand and enquiry levels remain strong. However, higher raw-material costs are something I would continue to track going forward. Technical View: Coming to the chart, ELGi Equipments formed a good double-bottom structure on the weekly timeframe and then gave a trendline breakout in February 2026. After the breakout, the stock came back for a retest and held the structure well. I personally like such setups where we first get a clear reversal pattern, followed by a breakout and then a proper retest. For me, as long as this structure remains intact, ELGi Equipments remains an interesting stock to keep on the radar.