Highlights
- Radhika Jeweltech shares rallied 12.83% to ₹63.49 during Thursday's session.
- The stock touched an intraday high of ₹65.18 on improved trading activity.
- The company reported standalone net profit of ₹753.37 lakh in the March 2026 quarter.
- The stock moved above its 50-day moving average following the recent rebound.
- RSI improved and approached the higher zone, indicating increasing momentum.
- Investors are watching whether the stock can sustain its latest breakout.
Overview
Radhika Jeweltech Limited returned to investors' radar after its shares climbed 12.83% to ₹63.49 during Thursday's session. The stock opened at ₹56.50 and advanced to an intraday high of ₹65.18 before trading near ₹63.49. The sharp recovery was accompanied by higher trading activity, helping the stock emerge among the session's top gainers after a period of consolidation.
Fundamental View
For the quarter ended 31 March 2026, the company reported standalone total income of ₹19,355.47 lakh. Profit before tax stood at ₹1,028.05 lakh, while net profit came in at ₹753.37 lakh. Earnings per share were reported at ₹0.64. The latest quarterly performance reflects continued profitability, while investors are likely to monitor revenue growth, jewellery demand, inventory management, and margin trends in the coming quarters.
Technical View
Radhika Jeweltech has moved above its 50-day moving average of ₹58.42, indicating an improving medium-term price structure. The 14-day RSI climbed to around 68.48, reflecting improving momentum after the recent rebound while remaining below the overbought threshold. Higher trading volumes during the session also indicated increased market participation. Price behaviour around recent highs will remain important in assessing the stock's near-term trend.
Key Technical Levels
Immediate support is placed near ₹61.90, followed by the next support around ₹59.30. On the upside, immediate resistance is seen near ₹65.20, while the next resistance is positioned around ₹68.40. These levels may influence the stock's next directional move.
Risks to Watch
- Fluctuations in gold prices.
- Changes in consumer demand for jewellery.
- Margin pressure due to higher input costs.
- Competitive intensity in the jewellery sector.
- Broader market volatility.
Summary
Radhika Jeweltech delivered a double-digit gain, bringing the stock back into focus after a sharp rebound supported by higher trading activity. The company's latest quarterly results reflected continued profitability, while the technical setup has improved following the move above the 50-day moving average. Investors are likely to monitor future earnings, demand trends, and price action around key technical levels.
FAQs
Q: Why did Radhika Jeweltech shares gain over 12% today?
A: The stock advanced on improved market participation and a technical breakout following recent consolidation.
Q: How did Radhika Jeweltech perform in the latest quarter?
A: The company reported standalone total income of ₹19,355.47 lakh and net profit of ₹753.37 lakh for the quarter ended 31 March 2026.
Q: What does the latest technical setup indicate?
A: The stock is trading above its 50-day moving average, while the RSI indicates improving momentum after the recent rebound.
Q: What are the important technical levels to watch?
A: Immediate support is near ₹61.90 and ₹59.30, while resistance is placed around ₹65.20 and ₹68.40.
Q: What should investors monitor going forward?
A: Investors may watch future quarterly earnings, jewellery demand, gold price movements, operating margins, and overall market sentiment.