Highlights
- SHREYANIND shares jumped more than 10% and entered the NSE top gainers list.
- The stock rebounded sharply from recent lows with improving momentum indicators.
- March 2026 quarter reported a net loss of INR 1,048.30 lakh.
Overview
Shreyans Industries (NSE: SHREYANIND) attracted market attention on June 15 after the stock surged over 10% during intraday trade. The sharp move placed the stock among the top gainers on the NSE, with investors closely watching whether the recovery can extend further.
The stock opened at INR 142.20 and climbed to an intraday high of INR 158.40 before trading around INR 153.00. The rally came after a period of weakness that had pushed the stock toward lower levels in recent weeks.
Fundamental View
For the quarter ended March 2026, Shreyans Industries reported standalone total income of INR 17,150.04 lakh. The company posted a loss before tax of INR 1,193.67 lakh and a net loss of INR 1,048.30 lakh. Earnings per share came in at negative INR 7.58.
While the latest quarterly numbers reflected pressure on profitability, traders appear focused on the stock's recent price recovery and momentum-driven movement.
Technical View
SHREYANIND is currently trading around INR 153.00, up 10.23% in the session. The stock has staged a sharp rebound after finding support near recent lows and is attempting to reclaim ground around its 50-day SMA of INR 156.69. Price action indicates renewed strength following a prolonged corrective phase. The RSI has improved to around 55.93, suggesting momentum has shifted back into positive territory.
Momentum Indicator
The RSI (14) reading stands near 55.93, moving above the neutral mark after recovering from weaker levels earlier this month. This indicates improving short-term momentum.
Key Technical Levels
From the current price of INR 153.00, immediate support is placed around INR 145.35, while the next support zone is seen near INR 137.70. On the upside, resistance may emerge around INR 160.65, followed by a higher resistance zone near INR 168.30. The stock's reaction around these levels could determine the sustainability of the ongoing recovery.
Risks to Watch
- Recent quarterly loss remains a concern.
- Low trading participation may increase volatility.
- Profit-booking after the sharp rally.
- Earnings recovery remains uncertain.
Summary
Shreyans Industries shares rose more than 10% on June 15, making the stock one of the day's top gainers. The rally follows a rebound from recent lows and has pushed momentum indicators into positive territory. Although the company reported a loss in the March 2026 quarter, traders are currently focused on the stock's improving technical setup and recovery attempt.
FAQs
- Why did Shreyans Industries shares rise today?
The stock gained over 10% due to strong buying activity and improving short-term momentum.
- What were Shreyans Industries' latest quarterly results?
The company reported a net loss of INR 1,048.30 lakh on total income of INR 17,150.04 lakh.
- Is SHREYANIND trading above its 50-day SMA?
The stock is trading close to its 50-day SMA of approximately INR 156.69 and is attempting to reclaim that level.