Highlights

• Acutaas Chemicals shares declined 8.59% during Wednesday’s trading session.
• December quarter standalone net profit stood at INR 11,156.55 lakh.
• The stock entered a correction phase after facing resistance near INR 2,600.00.

Acutaas Chemicals Limited (NSE: ACUTAAS) declined sharply on 1 April 2026, with the stock trading near INR 2,338.70, down 8.59% from its previous close of INR 2,558.60. The stock opened at INR 2,626.00 and touched an intraday high of INR 2,634.80 before falling to a low of INR 2,325.10. VWAP for the session was recorded at INR 2,449.69.

The latest fall came after the stock failed to hold above the INR 2,600.00 zone, where earlier resistance had emerged. Even after the decline, Acutaas Chemicals continues to trade above its 50-day Simple Moving Average near INR 2,089.52, indicating that the broader structure remains positive.

Fundamental View: December Quarter Profit Remains in Focus

For the quarter ended 31 December 2025, Acutaas Chemicals reported standalone total income of INR 39,719.84 lakh. Profit before tax stood at INR 15,070.46 lakh, while net profit came in at INR 11,156.55 lakh. Earnings per share for the quarter was reported at INR 13.63.

The latest quarterly performance indicates that the company remained profitable despite the recent decline in the share price. However, the scrip’s price-to-earnings ratio has remained above 50.00 during the previous four trailing quarters, suggesting that valuations remain elevated.

Technical View: Correction Emerges After Failing Near Resistance

Acutaas Chemicals is currently trading near INR 2,338.70 and remains above its 50-day Simple Moving Average near INR 2,089.52. However, the latest session suggests the stock has entered a correction phase after facing resistance near INR 2,600.00–2,650.00.

The recent price action reflects a sharp reversal from higher levels, with the stock unable to sustain its breakout attempt above the earlier swing zone. Even so, the broader trend still shows higher highs and higher lows, indicating that the current decline may remain a short-term correction unless the stock slips below the INR 2,000.00 zone.

Momentum Indicator Moves Lower from Recent Highs

The 14-day RSI has eased to around 54.01 after remaining near the upper end of its recent range. This indicates that momentum has moderated following the latest decline, although the indicator remains above the neutral 50.00 mark.

Key Technical Levels

At INR 2,338.70, immediate support is seen near INR 2,000.00, followed by stronger downside support around INR 1,900.00. On the upside, resistance is placed near INR 2,600.00–2,800.00.

A move back above INR 2,600.00 may improve the near-term outlook, while failure to hold above INR 2,000.00 could deepen the correction.

Source: TradingView

Key Risks

• Failure to hold above INR 2,000.00 may deepen the correction.
• Resistance near INR 2,600.00–2,800.00 could restrict recovery.
• Elevated valuation may keep the stock vulnerable to volatility.
• Sharp recent gains may lead to further profit booking.

Summary

Acutaas Chemicals shares declined 8.59% to INR 2,338.70 after facing resistance near INR 2,600.00. December quarter net profit stood at INR 11,156.55 lakh, while the stock remains above its 50-day moving average near INR 2,089.52. Investors are likely to monitor whether the stock can stabilise above INR 2,000.00 or continue its correction phase.

FAQs

1. Why did Acutaas Chemicals shares fall nearly 9% today?
   The stock corrected after failing to sustain above INR 2,600.00.
2. What was Acutaas Chemicals’ December quarter net profit?
   The company reported standalone net profit of INR 11,156.55 lakh.
3. Which levels are important for Acutaas Chemicals shares now?
   Support is near INR 2,000.00–1,900.00, while resistance stands near INR 2,600.00–2,800.00.