Elgi Equipments Ltd.

NSE: ELGIEQUIP · Capital Goods

₹598.85

as of 28 Sep 2026

AI verdict · 28 Sep 2026

Bearish 62% confidence

Strong Q1 earnings offset by momentum loss, volume collapse, and absence of valuation anchors; risk-reward favours downside.

Strongest bull point

Q1 FY27 delivered 23% revenue and 28% EBITDA growth with margin expansion; bullish EMA stack and imminent warehouse automation plus VAYU launch provide near-term catalysts.

Strongest bear point

Volume at 48% of 20-day average signals weak conviction; stock has failed to break 52-week high (₹642.40) despite 12-month outperformance, and recent momentum loss (1-month -2.36%, 3-month -0.87%) suggests exhaustion.

Technical Forecast · next 10 trading days

Expected

₹588.25 -1.8%

Range

₹584.71 – ₹593.97

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Every call on ELGIEQUIP, misses included

Bearish 28 Sep 2026 → now Scores 28 Oct 2026

₹598.85 → ₹598.85 0.0%

Our accuracy

Every verdict and forecast here is dated and scored when it matures — right or wrong. The first scored results publish a month after launch.

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