Short term swing trade (A): Capital Goods stock | Indian stock trading Signal on 24 Mar 2026

NOTE

Closing Price: ₹9,805 (as of Mar 23, 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.

Apar Industries was founded in 1958 and is a leading Indian manufacturer of conductors, power and telecom cables, and speciality oils. The company plays a crucial role in power transmission and distribution infrastructure, supplying products to utilities, telecom companies, and industrial clients both in India and globally. With operations spanning three key segments—conductors, cables, and speciality oils—Apar Industries benefits from strong domestic demand and expanding global reach, positioning it well to capitalize on growing infrastructure and energy needs.

Website: http://www.apar.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Apar Industries delivered a strong, well-rounded quarter, driven by robust domestic demand. Domestic revenue grew 30% YoY across all segments, offsetting weak export performance.
The US business remained a drag, with revenues down ~65% YoY due to weak order inflows in the previous quarter. Management indicated that trade deal discussions are progressing, which could support recovery.
Operational performance was solid — EBITDA rose 20% YoY to ₹483 crore and PAT grew 19% YoY to ₹209 crore, aided by a better product mix.
Management remains cautiously optimistic: strong domestic outlook, but export recovery — especially in the US — remains a key monitorable.
Capex is on track, with ₹500 crore already deployed out of the ₹1,400 crore plan to expand capacity by mid-2027.

Financial Highlights

Metric	Q3 FY26	Q2 FY26	Q3 FY25	QoQ %	YoY %
Revenue (₹ cr)	5,480	5,715	4,716	-4.1	16.2
EBITDA (₹ cr)	435	499	357	-12.8	21.9
EBITDA margin (%)	8.8	8.7	7.1	+10 bps	+170 bps
PAT (₹ cr)	209	252	175	-17	19.4
PAT margin (%)	3.8	4.4	3.7	-60 bps	+10 bps
EPS (₹) – basic	51.92	62.66	43.55	-17.1	19.2

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

After breaking out of a falling parallel channel, the stock saw a strong upside move before pulling back for a retest.
With the retest now holding successfully, the price is once again showing signs of a potential move higher.

Traders following swing trading tips in NSE and BSE stocks watch for breakouts to time their entries.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	52.19	Neutral
CCI-14	-45.43	Neutral
MFI	45.11	Neutral
ROC	-5.97	Negative
Stochastic %K	37.45	Neutral
William %R	-48.34	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	9616	Above
10 EMA	9698	Above
20 EMA	9700	Above
50 EMA	9443	Above
100 EMA	9106	Above
200 EMA	8834	Above

Conclusion

APAR Industries Stock Price Forecast

Based on our best stock advisor in India, the APAR Industries stock price target will be INR 9600 - INR 9800 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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