Aster DM Quality Care faces 795 hurdle after Q2 jump

Aster DM Quality Care rose up to 8.25% in the Muhurat session after Q2 results, with resistance at 794.83 and support at 638.75. Aster DM Quality Care Limited [ ASTERDM ] rose up to 8.25% to Rs 771.95 in the Diwali Muhurat session on 8 November 2026 and was last at Rs 749.35, up 5.08%. Q2 FY27 consolidated net profit was Rs 262 crore against Rs 110 crore normalised profit a year ago, up 138.2%. Revenue was Rs 2,829.2 crore against Rs 1,197.2 crore, up 136.3%. This is the first full quarter after the Quality Care India merger, so the base is not like-for-like. The company reports revenue up 19% and normalised profit after tax up 34% to Rs 281 crore. On the daily chart, the stock fell from the 891.30 high to 638.75, then broke the falling trendline in early November. Today’s high stalled just above the 50% retracement at 765.03 and the close slipped under it, leaving an upper wick. The 38.2% level at 735.22 is first support. The 61.8% level at 794.83, near 800, is the key hurdle, and a close above it brings 891.30 back in view. A close below 735.22 would weaken the rebound, with 638.75 the base support. Stance: constructive above 735.22, with 800 to clear. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.