Short term swing trade (A): Capital Goods stock | Indian stock trading recommendation on 23 Jun 2026

NOTE

Closing Price: ₹4,848 (as of Jun 22, 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.

AIA Engineering Limited manufactures and supplies high-chromium wear-resistant parts and grinding media used in the cement, mining, and quarry industries. The company also provides installation, maintenance, and optimization services to improve the efficiency and lifespan of industrial grinding equipment. Founded in 1978, AIA Engineering is headquartered in Ahmedabad, India, and serves customers worldwide.

Q4 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Record quarter on all fronts: Revenue hit ₹1,266 crore and net profit surged to ₹393 crore, the highest quarterly profit in recent company history. Stock jumped 7.78% on results day.
Margins expanded sharply: Operating margin improved to 29% in Q4 FY26 from 26% in Q4 FY25, helped by better product mix, pricing power, and favorable forex movement.
Full year was very solid too: FY26 revenue came in at ₹4,420 crore with net profit of ₹1,269 crore, up nearly 20% YoY. Operating margin remained strong at 28% for the full year.
Balance sheet very clean: Borrowings fell to just ₹10 crore in FY26 from ₹491 crore last year. Reserves stood at ₹8,007 crore.
New mine breakthrough — big deal: A strategic win with a South American customer for a new discharge system solution led to an immediate second mine conversion order, opening a new product growth avenue beyond grinding media.

Financial Highlights

Metric	Q4 FY26 (Mar '26)	Q3 FY26 (Dec '25)	Q4 FY25 (Mar '25)	QoQ Change	YoY Change
Revenue from Operations	1,266	1,067	1,157	▲ 18.7%	▲ 9.4%
EBITDA (Operating Profit)	363	290	302	▲ 25.2%	▲ 20.2%
EBITDA Margin (OPM %)	29%	27%	26%	▲ 200 bps	▲ 300 bps
Net Profit (PAT)	393	293	285	▲ 34.1%	▲ 37.9%
EPS (₹)	42.14	31.55	30.56	▲ 33.6%	▲ 37.9%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock has recently broken above the neckline of a rounding bottom pattern.
If the bullish momentum sustains, the price could witness further upside from the current levels.

For investors searching stock recommendations for short term, momentum-driven setups often deliver quick and clean trades.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	75.22	Overbought
CCI-14	178.73	Overbought
MFI	55.22	Overbought
ROC	5.62	Positive
Stochastic %K	74.16	Neutral
William %R	-3.28	Overbought

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	4642	Above
10 EMA	4570	Above
20 EMA	4447	Above
50 EMA	4225	Above
100 EMA	4016	Above
200 EMA	3838	Above

Conclusion

AIA Engineering Stock Price Forecast

Based on our positional trading strategy, the AIA Engineering stock price target will be INR 5000 - INR 5100 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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