Swaraj Engines announced capex worth 220 Cr
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Once again good results posted by the company . The number of engines sold, revenue , net profit and EPS is the highest ever for a Quarter , in company history. Infact the Net profit for a qtr almost touched Rs 50 Cr which is a land mark of sorts.
After the completion of additional capex the number of engines sold in the qtr was 49040 again the highest till date. Normally the Q2 is the best qtr and the company may well be able to surpass these figures when results are declared in Oct 2025.
The EPS was Rs 41.13 vs Rs 35.56 YoY. Press release attached.
Swaraj Engine.pdf (290.2 KB)
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Any reasons why the Share Price is on a consistent fall from Rs 4600/ approx in mid July 2025 till about Rs 3,900 levels?
The Company has had a decent run in Q2 results and the Chairman and Director resignations are in line with M&M Senior Leadership rotation
But the Stock Price continues to hover below its 200DMA and 50DMA.
Iām not a great fundamentalist in this stock. But price action is not looking good at the moment. Stock was not able to breakout of 4500 resistance zone on weekly time frame. Instead it has broken down from 3900-4000 support zone with good volumes suggesting further selling pressure possible in the near term. If selling persists, stock could see 3500 and then 2700 too!
Disc.: invested but recently trimmed holdings when stock broke down from support level around mid-Oct.
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