Granules India Q2 profit jumps 39.2%, support holds

Granules India Q2 profit rose 39.2% to Rs 181.8 crore, while revenue grew 20.3%. Stock slipped 4.34%, with support at Rs 782 and resistance at Rs 860. Granules India Limited [

] reported a strong set of consolidated Q2 numbers for the September quarter, with net profit rising 39.2% year on year to Rs 181.8 crore from Rs 130.6 crore. Revenue also increased 20.3% to Rs 1,560 crore compared with Rs 1,297 crore in the corresponding quarter last year. Despite the strong earnings performance, the stock slipped up to 4.34% during trading on 3 November 2026, indicating volatility following the results. From a technical perspective, Granules India has been moving in a sideways consolidation phase over the past three months. Today's decline brought the stock closer to its important support zone of Rs 782, which remained intact despite the selling pressure. The daily chart shows that the stock recorded a low of Rs 785.10 before recovering to Rs 810.90. The immediate resistance is placed at Rs 860. Sustaining above Rs 782 will be important for maintaining the current consolidation structure, while a decisive breakout above Rs 860 could indicate a fresh upward move. A breakdown below support may weaken the technical setup. Disclaimer: Investments in securities are subject to market risk. This is for informational purposes only. Investors must verify information before investing and consider their financial position & risk profile.