Short term swing trade (A): Information Technology stock | 6-7% target | Indian stock trading signal on 30 Sep 2025

NOTE

Closing Price: ₹520 (as of Sep 29, 2025)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Black Box Limited is a global provider of information and communication technology (ICT) solutions, operating across India, the U.S., and other markets. The company offers system integration, data centers, digital workplaces, and connected building solutions. Its product range includes KVM switches, IoT and audio-video systems, and networking infrastructure like fiber, surveillance, and structured cabling.

Black Box also provides cybersecurity, cloud networking, managed services, and consulting support to industries such as data centers, finance, healthcare, manufacturing, and defense. Founded in 1976 and headquartered in Navi Mumbai, the company was formerly known as AGC Networks Limited before rebranding to Black Box Limited in 2021.

Website: https://www.blackbox.com/

Q1 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Strong Order Pipeline: Orders stayed strong at $176 million, with 66% from large deals. The company targets $1 billion in total FY26 orders and a $700 million backlog by year-end.
Revenue Dip but Recovery Ahead: Revenue fell 3% YoY to ₹1,387 crores due to project delays from tariff issues. The delayed work is expected to recover in Q2–Q4, with 15–20% growth expected in Q2.
Stable Margins, Higher Profit: PAT grew 27% to ₹47 crores. Full-year margin guidance of 9–9.2% remains unchanged.
Focus on Key Clients: The company cut smaller clients to improve profitability. New leadership and a stronger sales strategy are helping secure larger, long-term contracts.
Strong Growth Outlook: Targeting $1 billion in FY26 bookings and ₹1,700+ crore quarterly revenue, with data center deals contributing 20–25%. The company is now entering a high-growth phase.

Financial Highlights

Metric (₹ Cr.)	Q1 FY26	Q4 FY25	Q1 FY25	Q/Q Change (%)	Y/Y Change (%)
Total Operating Revenue	1387	1545	1423	-10.23	-2.53
Total Operating expenses	1282	1402	1308	-8.56	-1.99
EBITDA	105	143	115	-26.57	-8.70
NET P/L	47	60	37	-21.67	27.03
EPS (₹)	2.79	3.57	2.21	-21.85	26.24

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

After a sharp correction and consolidation, the stock has formed an inverted head and shoulders pattern.
A strong volume-backed breakout now signals potential upside momentum in the near term.

Working with an experienced positional stock trading advisor in India makes it easier to manage risk while riding medium-term trends.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	63.52	Neutral
CCI-14	142.46	Overbought
MFI	78.85	Neutral
ROC	5.96	Positive
Stochastic %K	100	Overbought
William %R	0	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	499	Above
10 EMA	490	Above
20 EMA	482	Above
50 EMA	483	Above
100 EMA	483	Above
200 EMA	475	Above

Conclusion

Black Box Stock Price Forecast

Based on our swing stocks in India, the Black Box Stock Price target will be INR 545 - INR 550 in the next 14-15 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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