Kalpataru Projects holds 1,345 support near record 1,490

Kalpataru Projects International trades at Rs 1,417.90 with support at 1,345 and resistance at the record high of 1,490. Kalpataru Projects International Limited [

] gained 1.87% on 12 October 2026 to trade at Rs 1,417.90. It opened at 1,384.10 and touched a high of 1,418.40. The record high of Rs 1,490 came last week. The stock has since pulled back and found buyers near a rising trendline from the July lows. That line now runs close to 1,350, just above the 1,345 support. One caution on the news. Today’s quarterly update, with pre-sales of Rs 1,258 crore and collections of Rs 1,189 crore, is from Kalpataru Limited, a separate listed real estate company. It is not from this EPC company, so I would not link today’s move to it. My view is constructive while 1,345 holds. Higher lows since July show buyers stepping in on dips. A close below 1,345 would break the trendline and change my mind. I am watching 1,490. A daily close above it would confirm a fresh breakout. Until then, I expect a range between 1,345 and 1,490. I stay positive above 1,345 and cautious below it. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in the securities market are subject to market risks, so read all related documents carefully and invest at your own risk.