Sarthak Metals Ltd (SMLT) surged nearly 20% today

Sarthak Metals Ltd (SMLT) surged nearly 20% today, closing around ₹74.82 on BSE and ₹74.18 on NSE, despite weak Q2 FY26 results showing a 28% drop in net profit and a 21% decline in revenue. The rally appears driven by short-term momentum rather than fundamentals. 📊 SMLT Q2 FY26 Results (Quarter ended Sep 2025) Revenue: ₹36.31 Cr (↓21.45% QoQ, ↓20.60% YoY) Operating Profit: ₹0.93 Cr (↓13.17% QoQ) Net Profit (PAT): ₹0.76 Cr (↓28.42% QoQ, ↓8.13% YoY) Operating Margin: 2.56% EPS: ₹0.57 (↓25.97% QoQ) 📈 Share Price Performance (1 Oct 2026) BSE Close: ₹74.82 (+20.00%) NSE Close: ₹74.18 (+19.99%) Day Range: ₹66.00 – ₹74.82 52-Week Range: ₹56.65 – ₹121.00 Market Cap: ~₹102 Cr P/E Ratio: 17.5 (slightly above sector average of 16.65) Debt-to-Equity: 0.05 (low leverage)