Kalpataru Projects slips 3.9% from record, support 1,345

Kalpataru Projects fell 3.92% to Rs 1,401.20 after a record high of Rs 1,490, with support at Rs 1,345. Kalpataru Projects International Limited [

] fell 3.92% to Rs 1,401.20 on 8 October, snapping a three-session winning run. The stock slipped after touching a fresh all-time high of Rs 1,490. The latest company update came on 24 September, when KPIL won new orders worth about Rs 2,025 crore across power transmission, buildings and oil and gas. FY27 order inflow stood at Rs 13,219 crore then, and the company is L1 or favourably placed for projects above Rs 12,000 crore. The trend is bullish, but the pullback is a normal reaction to a test of the high. Rs 1,490 is the immediate resistance. Support is Rs 1,345, near the lows of the recent range. RSI is 50.44, near its average of 51.54, so momentum is neutral after the drop. A close above Rs 1,490 would confirm a breakout and open fresh highs. A close below Rs 1,345 would weaken the structure and shift the bias to cautious. Volume on any retest of Rs 1,490 is key. A move back above Rs 1,458, the previous close, would ease the pressure. disclaimer: 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.