Short term swing trade | Buy NSE: SHRIPISTON | Indian stock trading picks on 24 Feb 2026

NOTE

Closing Price: ₹3,075 (as of Feb 23, 2026)
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.

Shriram Pistons & Rings Limited is an Indian auto-components manufacturer that supplies engine and vehicle parts such as pistons, piston rings, valves, filters, gaskets, and other precision components.

Founded in 1963 and based in New Delhi, the company serves major OEMs across passenger vehicles, commercial vehicles, two- and three-wheelers, tractors, industrial, railway, and defense sectors, with exports to overseas markets.

Website: https://shrirampistons.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Strong quarter: consolidated revenue rose ~21% YoY to a record high, with EBITDA also up ~21%, reflecting healthy operating performance.
One-time profit impact: underlying profitability remained strong, but reported profit growth was muted due to a one-time expense of ~₹25 crore linked to new labour code implementation.
Acquisition & diversification: the company completed the 100% acquisition of Grupo Antolin’s three India businesses, taking over auto interiors and lighting. Over one-third of revenue will now come from powertrain-agnostic products. The company also plans to rename itself SPR Auto Technologies.
Outlook: management remains positive on demand across PVs, CVs, 2-wheelers and 3-wheelers, sees strong traction in EV motors/controllers, and is focusing on productivity, automation and exiting low-margin products to protect margins post-acquisition.

Financial Highlights

Metric	Q3 FY26 (Dec 2025)	Q2 FY26 (Sep 2025)	Q3 FY25 (Dec 2024)	QoQ Change	YoY Change
Revenue / Total Income (₹ cr)	1,023	1,017	848	+0.6%	+20.7%
EBITDA (₹ cr)	239	233	198	+2.6%	+20.7%
Profit After Tax (₹ cr)	123	140	120	-12.1%	+2.5%
EPS - Basic (₹)	27.93	31.76	27.32	-12.1%	+2.2%
EBITDA Margin (%)	23.3	22.9	23.3	+0.4 pp	0.0 pp
PAT Margin (%)	12.0	13.8	14.1	-1.8 pp	-2.1 pp

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Strong quarter: consolidated revenue rose ~21% YoY to a record high, with EBITDA also up ~21%, reflecting healthy operating performance.
One-time profit impact: underlying profitability remained strong, but reported profit growth was muted due to a one-time expense of ~₹25 crore linked to new labour code implementation.
Acquisition & diversification: the company completed the 100% acquisition of Grupo Antolin’s three India businesses, taking over auto interiors and lighting. Over one-third of revenue will now come from powertrain-agnostic products. The company also plans to rename itself SPR Auto Technologies.
Outlook: management remains positive on demand across PVs, CVs, 2-wheelers and 3-wheelers, sees strong traction in EV motors/controllers, and is focusing on productivity, automation and exiting low-margin products to protect margins post-acquisition.

Financial Highlights

Metric	Q3 FY26 (Dec 2025)	Q2 FY26 (Sep 2025)	Q3 FY25 (Dec 2024)	QoQ Change	YoY Change
Revenue / Total Income (₹ cr)	1,023	1,017	848	+0.6%	+20.7%
EBITDA (₹ cr)	239	233	198	+2.6%	+20.7%
Profit After Tax (₹ cr)	123	140	120	-12.1%	+2.5%
EPS - Basic (₹)	27.93	31.76	27.32	-12.1%	+2.2%
EBITDA Margin (%)	23.3	22.9	23.3	+0.4 pp	0.0 pp
PAT Margin (%)	12.0	13.8	14.1	-1.8 pp	-2.1 pp

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

Previously, the price faced resistance at the trendline multiple times before finally breaking out. However, the breakout was not sustained, and the price slipped below the trendline.
This time, the price has again moved upward and is currently holding just above the trendline. If this level sustains, an upside move is expected from here.

A trusted swing trading stock advisor India helps traders identify breakout points where momentum is just beginning to build.

Technical Image - Daily Timeframe

Technical Analysis

Key Observations

Previously, the price faced resistance at the trendline multiple times before finally breaking out. However, the breakout was not sustained, and the price slipped below the trendline.
This time, the price has again moved upward and is currently holding just above the trendline. If this level sustains, an upside move is expected from here.

A trusted swing trading stock advisor India helps traders identify breakout points where momentum is just beginning to build.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	54.92	Neutral
CCI-14	44.59	Neutral
MFI	73.53	Neutral
ROC	1.23	Positive
Stochastic %K	52.87	Neutral
William %R	-43.27	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	3024	Above
10 EMA	3005	Above
20 EMA	3009	Above
50 EMA	2958	Above
100 EMA	2872	Above
200 EMA	2690	Above

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	54.92	Neutral
CCI-14	44.59	Neutral
MFI	73.53	Neutral
ROC	1.23	Positive
Stochastic %K	52.87	Neutral
William %R	-43.27	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	3024	Above
10 EMA	3005	Above
20 EMA	3009	Above
50 EMA	2958	Above
100 EMA	2872	Above
200 EMA	2690	Above

Conclusion

Shriram Pistons & Rings Stock Price Forecast

Based on our short term share market tips, the Shriram Pistons & Rings price target will be INR 3200 - INR 3250 in the next 12-14 trading sessions.

Conclusion

Shriram Pistons & Rings Stock Price Forecast

Based on our short term share market tips, the Shriram Pistons & Rings price target will be INR 3200 - INR 3250 in the next 12-14 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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