Pranav Constructions Q1 profit up 45.7%, support at 96.2

Pranav Constructions Q1 profit up 45.7%, support at 96.2 Pranav Constructions Q1 FY27 profit rose 45.7% to Rs 14.4 crore, with support at Rs 96.2 and resistance at Rs 104 to 110. Pranav Constructions Limited [

] is in focus today after its first quarterly results since listing. The stock closed at Rs 97.21 in the last session, down 2.89%. Consolidated net profit for Q1 FY27 rose 45.7% to Rs 14.4 crore from Rs 9.9 crore a year ago. Revenue grew 15.7% to Rs 164.5 crore from Rs 142.2 crore. EBITDA margin widened to 17.81% from 14.63%, which is why profit grew faster than sales. The stock is down about 41% from the listing-day high near Rs 165 on 15 September. Daily volume has fallen from over 40 million shares to 1.29 million. My view is cautious. The trend is still down, and one result rarely reverses it. The pivot from the latest candle is Rs 97.89. Support is Rs 96.2, the lowest level since listing, then Rs 95.53 and Rs 93.86. Resistance is Rs 99.56 and Rs 101.92, with a stronger supply zone at Rs 104 to 110. A close above Rs 104 would turn me constructive. A close below Rs 96.2 would show sellers are still in control. Disclaimer & Disclouser : I do not hold any position in Container Corporation of India Limited. This post is not a recommendation to buy, sell or hold. Investments in securities markets are subject to market risks. Please read all related documents carefully and consult your own advisor before investing.