DK Technical Analysis by Dhananjay Kadam

BLUESTONE 👍😍 BlueStone—which listed on public exchanges in August 2025—is currently experiencing multiple operative business catalysts: 1. Strong Festive Season Outperformance (Nov 2026): BlueStone just published a provisional business update reporting a massive 45% year-on-year business growth during the crucial Diwali and Dhanteras festive season (October 1 to November 8, 2026). Management noted that this growth was heavily customer-led, fueled by a sharp rise in new buyer volume exploring everyday wear and entry-level price points. 2. Aggressive Offline Expansion: Supported by its post-IPO capital structure, the company is executing a ₹400–500 crore investment plan to aggressively add 80 new brick-and-mortar storefronts. The omnichannel retailer aims to maintain a 30% same-store sales growth (SSSG) benchmark as newer locations mature. 3. Board Authorization for Debt Restructuring: In late October 2026, BlueStone’s board formally authorized raising up to ₹300 crore (INR 3 billion) via private placement of Non-Convertible Debentures (NCDs). This incoming capital will be targeted toward restructuring older liabilities and scaling inventory capital to lower overall interest outlays. 4. Long-Term Profitability Pivot: Analysts are closely tracking BlueStone's transition into structural profitability. Driven by an inventory mix skewed towards higher-margin studded and diamond jewellery (rather than pure gold play), the company has targets to hit 14–15% EBITDA margins and sustain high growth parameters through the end of the decade

Photo from Adv Dhananjay Kadam

BTST QUESS 345.8

BTST SONATASOFTW 256.15

BTST GHCL 450.15

BTST GLAND 3315.4

BTST TIMETECHNO 188.39

BTST GUFICBIO 471.7

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RAMBHAJO 👍

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*Siemens India*: Q2 revenue grew 17% YoY to ₹5,734 Cr and PAT increased 3.9% to ₹504 Cr (Neutral) *Blue Dart Express*: Q2 revenue grew 14.5% YoY to ₹1,774 Cr and PAT increased 27.8% to ₹104 Cr (Neutral) *Alembic Limited*: Q2 revenue declined 45.8% YoY to ₹30.3 Cr and PAT fell 11.2% to ₹67.6 Cr (Neutral) *Indo Amines*: Q2 revenue grew 37.5% YoY to ₹385 Cr, while PAT declined 52.5% to ₹8.6 Cr (Neutral) *Minda Corporation*: CEO – Business Vertical 1, Sumit Doseja, resigned to pursue opportunities outside the organization; his last working day will be November 17, 2026 (Neutral) *Supreme Infrastructure India*: Board approved issuance of NCDs worth up to ₹75 Cr through private placement (Neutral) *GFL Limited*: NCLT sanctioned the merger of its wholly owned subsidiary INOX Infrastructure Ltd, with an appointed date of April 1, 2026 (Neutral) *Shaily Engineering Plastics*: Incorporated wholly owned subsidiary Shaily Medtech Devices Manufacturing Ltd in Abu Dhabi to manufacture medical devices, including pen injectors (Neutral) *Tata Steel*: Net Profit At ₹3,700 Cr Vs Poll Of ₹3,120 Cr, Revenue At ₹65,436 Cr Vs Poll Of ₹63,865 Cr (Neutral) *Lenskart*: SVFII Lightbulb Sells 2.72 Cr Shrs (1.6% Eq) In Co For ₹1,896.25 Cr (Neutral) *Groww*: YC Holdings Sells 5.5 Cr Shrs (0.9% Stake) In Co For ₹1,161 Cr (Neutral) *Fino PB*: Accounts Opened Down 19% YoY at 2.30 Lk. Average Total Deposits Up 9% YoY At ₹2,886 Cr (Neutral) *Surya Rosni:* Revenue at Rs 2,448 Cr Vs Rs 1,845 Cr, EBITDA at Rs 143 Cr Vs Rs 141 Cr (Neutral) *Suprajit:* Revenue at Rs 1,135 Cr Vs Rs 941 Cr, EBITDA at Rs 138.5 Cr Vs Rs 100 Cr. (Neutral) *Cohance*: US FDA Classifies Pashamylaram Unit as VAI (Neutral) *Birlasoft:* Angan Guha resigns as CEO and MD from December 7 (Neutral) *Tata Motors:* Increases Stake In Iveco Group NV To 96.3%. (Neutral) *Adani Ent*: AdaniConneX completes acquisition of 100% stake in VMDCPL (Neutral) *M&M:* Approves raising up to Rs. 1,500 Cr via rights issue (Neutral) *Dabur:* SEBI issues administrative warning letter to company (Neutral) *Aarti Drugs:* US FDA issues three observations in Form 483 to Baddi unit (Neutral) List of stocks included in the Long term ASM Framework: Tonbo Imaging, Vedanta Power. (Neutral) List of stocks excluded from the Short term ASM Framework: Media Matrix, Utssav Cz Gold Jewels. (Neutral) Circuit filter change from 20% to 10%: Menon Bearings. (Neutral) *BF Utilities*: Q2 revenue declined 18.4% YoY to ₹6.5 Cr, with the company reporting a net loss of ₹2.5 Cr versus profit of ₹1.8 Cr (Negative) *Scoda Tubes*: Q2 revenue increased 2.8% YoY to ₹149 Cr, while PAT declined 65.7% to ₹4.8 Cr and EBITDA fell 29.4% to ₹15.8 Cr (Negative) *Capital India Finance*: Q2 revenue declined 6.1% YoY to ₹124 Cr, while PAT fell sharply to ₹0.8 Cr from ₹46 Cr. (Negative) *Cohance:* Net Profit At ₹15.2 Cr Vs ₹74.1 Cr, Revenue At ₹477 Cr Vs ₹556 Cr (YoY) (Negative) *Data Patterns:* Net Profit At ₹21 Cr Vs ₹49 Cr, Revenue At ₹133 Cr Vs ₹307 Cr (YoY) (Negative) *Tilaknagar Ind*: DRI seizes goods worth Rs. 30.14 Cr in customs probe (Negative)

*🌹🇮🇳India Daybook – Stocks in News* *Finolex Cables:* Net Profit Up 67.5% At ₹273 Cr Vs ₹163 Cr, Revenue At ₹2,269 Cr Vs ₹1,376 Cr (YoY). (Positive) *Shyam Metalics*: Stainless Steel Vol Up 20.4%, Realisation Up 42.09% YoY (Positive) *Gland Pharma:* Revenue at Rs. 1,834 Cr vs Rs. 1,487 Cr, EBITDA at Rs. 484 Cr vs Rs. 314 Cr YoY (Positive) *Banco:* Revenue at Rs. 1,265 Cr vs Rs. 1,038 Cr, EBITDA at Rs. 263 Cr vs Rs. 149 Cr YoY (Positive) *Kwality Wall’s*: Revenue grew 44.1% at Rs. 463.6 Cr vs Rs. 321.7 Cr, EBITDA at Rs. 23.6 Cr vs loss of Rs. 56.2 Cr YoY (Positive) *Blue Spring*: Revenue at Rs. 1,272 Cr vs Rs. 857 Cr, EBITDA at Rs. 53.7 Cr vs Rs. 17.1 Cr YoY (Positive) *Goldiam:* Revenue at Rs 2,917 Cr Vs Rs 2,019 Cr, EBITDA at Rs 736 Cr Vs Rs 474 Cr. (Positive) *BEL:* Company gets order worth Rs 909 Cr. (Positive) *Tega Ind:* Revenue up 10.5x at Rs 4254 cr vs Rs 405 cr (Positive) *Deccan Gold:* Subsidiary signs gold refining and sales agreement with Kyrgyzaltyn. (Positive) *Amber Ent*: Arm IL JIN Electronics Files DRHP With SEBI For IPO (Positive) *Waaree Energies*: Bags Domestic Order From A Leading Power Producer. (Positive) *Astrazeneca:* To launch Datverzo in India in November 2026. (Positive) *Powermech:* Gets International Order Worth $52.19 Mn (Positive) *Seamec:* Receives letter of award from Larsen and Toubro for PRP-X Project of ONGC. The lumpsum contract value is USD 26.14 million. (Positive) *JTL Ind:* Completed hot trial of the Pickling Line and commencement of the cold trials of the GP Line at its Mangaon, Maharashtra facility. (Positive) *Neogen:* Gujarat Pollution Control Board (GPCB) revokes earlier closure direction. (Positive) *Waaree Renewable:* The company has signed a work order for a 285 MWp solar power project from a leading independent power producer (IPP). (Positive) *BHEL:* Company has received an order worth ₹600 crore to ₹900 crore from Power Grid Corporation of India for setting up synchronous condensers at the Barmer-II HVDC Terminal Station in Rajasthan. (Positive) *AGI Infra*: Q2 revenue grew 17.2% YoY to ₹100 Cr, PAT increased 39.2% to ₹30.7 Cr (Positive) *Voltas*: Q2 revenue grew 15% YoY to ₹2,700 Cr, PAT increased 53.5% to ₹52.6 Cr (Positive) *SAL Steel*: Q2 revenue grew 119% YoY to ₹144 Cr and PAT increased 179% to ₹10.4 Cr (Positive) *Sigma Advanced*: Q2 revenue surged to ₹417 Cr from ₹18.2 Cr YoY, PAT increased to ₹42.5 Cr from ₹4.2 Cr. (Positive) *Aster DM Healthcare*: Q2 revenue surged 136.4% YoY to ₹2,829 Cr, PAT increased 138.2% to ₹262 Cr (Positive) *Great Eastern Shipping*: Q2 revenue grew 46.9% YoY to ₹1,824 Cr, PAT surged 118.4% to ₹1,269 Cr (Positive) *Dynamatic Technologies*: Q2 revenue grew 15.6% YoY to ₹453 Cr, PAT surged to ₹22.5 Cr from ₹3.3 Cr (Positive) *Oriental Carbon & Chemicals*: Q2 revenue surged 114.2% YoY to ₹257 Cr, PAT increased 220.6% to ₹27.9 Cr and EBITDA grew 149.6% to ₹48 Cr (Positive) *Zee Ent:* Board to meet on November 12 to consider share buyback (Positive) *Windlas Biotech:* STellar Wealth Partners India Fund I LP bought 1.50 lk shares at Rs. 1,020.42 per share (Positive) *Skyways Air:* Renews global annual pact with Qatar Airways Group (Positive) *One Point:* Promoter acquires 3.7 lakh shares through open-market purchase (Positive) *Annu Projects:* Signs MoU with Geie Solar Products for supply of materials for 8,000 rooftop solar systems (Positive) *Zydus Life:* Zydus Therapeutics presents Phase 2b data for saroglitazar at AASLD 2026 (Positive) *KIOCL*: Q2 revenue increased 25.9% YoY to ₹180 Cr, with the company turning profitable at ₹5 Cr from a loss of ₹17.2 Cr (Positive) *Carraro India*: Q2 revenue grew 18.8% YoY to ₹696 Cr and PAT increased 10.6% to ₹35.1 Cr. (Neutral) *Jyoti Resins*: Q2 revenue grew 31.3% YoY to ₹97.7 Cr and PAT increased 7.7% to ₹18.5 Cr, while EBITDA margin contracted 448 bps to 23.04%. (Neutral) *Anupam Rasayan*: Q2 revenue grew 10.3% YoY to ₹806 Cr, PAT increased 12.7% to ₹50 Cr and EBITDA rose 37.5% to ₹187 Cr (Neutral)

IGIL going good Last week shared to watch with chart👍🏼

our intraday call MARINE 399 TO 404 First Target Achieved 🎯 🔥🔥🔥🚀🚀🚀

Intraday MARINE Buy near 399 SL 396.35 TGT 403-406++

DIWALI TO DIWALI STOCKS On the Technical Analysis Base 1. SAGILITY CP - 43 SL -34 TGT - 57-62-67-74. --------------- 2. IOLCP CP 183 SL 140 TGT 270-300-340 --------------- 3. SKYGOLD CP 951 SL 750 TGT 1400-1550-1660 ------------ 4. BODAL CHEMICAL CP 153 SL 115 TGT- 207-245-290 -------------- 5. APOLLO MICRO CP 413 SL 340 TGT 640-700 Note - All SL on weekly close base ________--------------------------------------------- Call on the FUNDAMENTALS BASE 1. BELRISE CP -213 2. MARINE CP- 391 3. UNIMECH CP- 1739 4. MACPOWER CP- 2299 5. ATHERENERG CP- 1821 Note- ALL FUNDAMENTAL STOCKS sharing for 40 to 80% Profit. Stop loss as per your comfort. ------------------------------------------- --------------------------------------- Disclaimer -: I just shared my studies so you can do your own before investing in the above stocks 😊🙏🏼