DCM Shriram’s stock surged today, hitting the upper circuit

DCM Shriram’s stock surged today, hitting the upper circuit limit of 11.7% at ₹1,153.90 despite weak Q4 FY26 results showing a sharp drop in operating profit and revenue. The rally appears driven by speculative buying momentum rather than fundamentals. 📊 Key Financial Highlights (Q4 FY26) Operating Profit: ₹246.85 Cr. (-27.96% QoQ) Profit After Tax (PAT): ₹369.92 Cr. (+74.40% QoQ) Total Income: ₹3,373.03 Cr. (-15.74% QoQ) Operating Margin: 7.32% Diluted EPS: ₹22.40 (+40.74% QoQ) 👉 Despite revenue and operating profit declines, PAT rose sharply due to lower expenses and improved efficiency. 📈 Stock Market Performance (14 Oct 2026) Price Movement: Locked at ₹1,153.90 (+11.7%) upper circuit. Volume: 8.40 lakh shares traded (~₹93.47 Cr turnover). Delivery Volume: Down 68.31% vs. 5-day average → indicates speculative buying. Trend: Above 5, 20, 50, 100-day moving averages but below 200-day MA (long-term trend still weak).