Asahi India Glass

As of 5 November 2026, ASAHIINDIA trades at ₹1,020.70, positioned near the upper end of its recent ranges (+92.2% in the last 20 days). The stock exhibits a bullish structure across daily, weekly, and monthly timeframes, with price trading above all key moving averages and the Supertrend indicator. Momentum is supported by extreme upward anomalies on 3 and 5 November, including a +3.8% daily gain accompanied by significant volume expansion (volume ratio of 3.56x on a weekly basis).

Trend strength varies by horizon: the monthly trend is strong (ADX 50.32), while the daily trend is developing (ADX 22.01). This suggests underlying structural strength but potentially shorter-term consolidation or acceleration needs. Volatility remains elevated, with annualized volatility at +34.8% and an ATR of 3.3%. The stock is currently -4.3% below its available high.

Key levels to monitor include immediate resistance at ₹1,032.08 (+1.12%) and support at ₹1,007.77 (-1.27%). A break above ₹1,032.08 could signal continuation toward the next resistance at ₹1,059.97. Conversely, a close below ₹1,007.77 would test the pivot support at ₹979.88. Recent candlestick patterns like the Bullish Engulfing Reversal and Morning Star from early November provide historical context for the current upward move.

Asahi India Glass reported unaudited financial results for the quarter and half year ended 30 September 2026 on 3 November 2026. Consolidated revenue from operations for Q2 FY27 reached ₹1,591.0 crore, marking a 36.9% year-on-year increase, while EBITDA rose 76.4% to ₹351.4 crore. Profit after tax stood at ₹167.3 crore, with EBITDA and PAT margins of 22.1% and 10.5%, respectively. For the first half of FY27, consolidated revenue was ₹3,010.1 crore, EBITDA ₹682.0 crore, and PAT ₹316.4 crore.

Operationally, the company commissioned Phase III tempered operations at its Patan facility, expanded laminated capacity at Chennai, and stabilized 12 new automotive models during the quarter. These developments were highlighted in an investor presentation submitted to the NSE on 3 November 2026. The stock closed at ₹1,020.70 on 5 November 2026, reflecting a 3.8% gain over the preceding day.

As of November 5, 2026, Asahi India Glass (NSE: ASAHIINDIA) exhibited a notable upward price movement, closing at ₹1,020.70, up from the previous recorded level of ₹983.45. This represents a positive shift in the stock's valuation over the observed period. No new corporate filings or news developments were reported during this timeframe to accompany the price action. The absence of specific catalysts means the move stands as a standalone market event without immediate fundamental context provided in the current data set.

Asahi India Glass Limited’s Board approved unaudited financial results for the quarter and half-year ended 30 September 2026 on 3 November 2026. Consolidated revenue from operations rose to ₹1,591.0 crore in Q2 FY27, a 36.9% year-on-year increase, while EBITDA grew 76.4% to ₹351.4 crore. Profit after tax (PAT) stood at ₹167.3 crore, with EBITDA and PAT margins recorded at 22.1% and 10.5%, respectively. For the first half of FY27, consolidated revenue was ₹3,010.1 crore and PAT was ₹316.4 crore. The company also reported operational expansions, including commissioning Phase III tempered operations at Patan and expanding laminated capacity at Chennai, alongside stabilizing 12 new automotive models during the quarter.

Asahi India Glass delivered a sharp earnings recovery in Q2 FY2026-27, with revenue rising 38% year-on-year to ₹1,586 crore and net profit more than tripling to ₹167 crore. This follows a flat sales period in the prior year, marking a clear acceleration in operating momentum. However, earnings quality faces headwinds: cash conversion from operating profit dropped significantly to 68% in FY2026, down from 113% in FY2025, driven by a widening cash conversion cycle that doubled to 120 days due to inventory buildup (302 days). The balance sheet shows increased asset intensity, with fixed assets growing to ₹4,653 crore and borrowings stabilizing at ₹2,285 crore as of Sep 2026. While promoter holding remains stable at 51.58%, institutional stakes have shifted slightly. The key risk is the divergence between strong reported profits and weaker cash generation, alongside rising interest costs which climbed to ₹204 crore in FY2026.

As of November 5, 2026, Asahi India Glass (NSE) exhibits a constructive technical structure across multiple timeframes, characterized by bullish momentum indicators and defined support levels. The stock closed at ₹1020.70, reflecting a strong daily gain from the previous close of ₹983.45. Technical signals on the daily, weekly, and monthly charts all indicate a 'bullish' Supertrend direction. On the daily chart, the Plus DI (28.92) significantly outweighs the Minus DI (11.42), suggesting dominant buying pressure despite an ADX of 22.01 indicating moderate trend strength. The stock has demonstrated resilience with a current drawdown of only -4.3%, well within its historical maximum drawdown of -26.4%. Key support is established at ₹1007.77 (1.27% below), while immediate resistance lies just above at ₹1032.08 (1.12% above). This multi-timeframe alignment suggests that even if broader market sentiment is cautious, the stock’s internal momentum remains positive, provided it holds above the ₹1007.77 support level.