Chambal Fertilisers Q2 profit slips 2.6% to Rs 631.9 crore

Chambal Fertilisers shares rose for a third session on 4 Nov 2026 after Q2 results. Price nears the downward channel top at 402, with support at 350. Chambal Fertilisers and Chemicals Limited [

] shares extended gains for a third straight session on 4 November 2026 and traded near Rs 393.50. This came after its Q2 consolidated results. Profit slipped 2.6% year on year to Rs 631.9 crore, against Rs 648.8 crore. Revenue rose 9.1% to Rs 6,999.5 crore from Rs 6,412.8 crore. Revenue grew, but profit did not keep pace. On the daily chart, the stock has traded inside a downward channel for several months. Price has bounced from the lower end near the 350 support and now trades close to the upper end of the channel at 402. Three straight gains show buyers are active. In my view, the trend is still bearish until price breaks out of the channel. A close above 402 would put a change in trend in focus. A rejection at 402 would keep the lower highs in view, and a fall below 350 would bring fresh lows into focus. Watch how price reacts near 402 and whether the recovery holds on any dip. Stance: bearish while below 402, with 350 as the key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.