Indo-MIM shares surged 10% to hit the upper price band of ₹951.30 on Tuesday following strong Q1FY27 results. The precision components maker reported a 31.6% year-on-year rise in consolidated net profit to ₹240.12 crore for the quarter ended June 30, 2026, compared with ₹182.41 crore in the year-ago period. Consolidated revenue from operations rose 9.4% to ₹1,218.74 crore, up from ₹1,114.10 crore recorded in the same period last year. Total income for the quarter reached ₹1,221.95 crore, up from ₹1,127.17 crore year-on-year. On a standalone basis, the company reported net profit of ₹223.17 crore on revenue from operations of ₹1,003.11 crore, with standalone profit up 23.5% from ₹180.74 crore recorded in Q1FY26.
The company demonstrated strong operational efficiency with total expenses in check at ₹896.66 crore on a consolidated basis, compared to ₹881.72 crore in the year-ago period. Profit before tax for the period stood at ₹325.29 crore, registering a growth of nearly 32.5% over ₹245.45 crore in the corresponding quarter of the previous year. Basic earnings per share (EPS) improved to ₹4.96 on a consolidated basis and ₹4.61 on a standalone basis, compared to ₹3.78 and ₹3.75 respectively in Q1FY26. The board approved aggregate dividend of ₹6.80 per equity share during the quarter, comprising a first interim dividend of ₹3.50 per share and a second interim dividend of ₹3.30 per share, resulting in a total cash outflow of approximately ₹329.23 crore.
Indo-MIM, Sigma Advanced Systems, and Spectrum Electrical Industries were locked in their upper circuits on August 18, reflecting strong buying interest and signalling bullish near-term sentiment. According to reports from Moneycontrol, these stocks demonstrated exceptional momentum with sustained buying pressure throughout the trading session. Indo-MIM's surge to ₹951.30 was primarily driven by the company's strong Q1 results, while Sigma Advanced Systems and Spectrum Electrical Industries continued their momentum from previous sessions.
Several stocks witnessed strong upward momentum on August 18, driven by technical breakouts and sustained buying interest. As reported by Moneycontrol, the selected stocks were showing strong upward momentum, trading well above their key short- to medium-term moving averages, which indicates a positive trend in the near term. Enfuse Solutions shares rose 6.76% to ₹177, trading above their 30-day SMA of ₹165.79 and 50-day SMA of ₹168.69, though the stock remained below its longer-term 150-day and 200-day SMAs of ₹193.42 and ₹196.72 respectively.
Siddhika Coatings gained 4.84% to ₹225.80, staying above all four key moving averages including its 30-day SMA of ₹215.37, 50-day SMA of ₹212.97, 150-day SMA of ₹214.63 and 200-day SMA of ₹210.10. Meanwhile, BIL Vyapar climbed 4.39% to ₹4.28, trading above its 30-day SMA of ₹4.10 and 50-day SMA of ₹4.12, though it remained well below its 150-day SMA of ₹5.75 and 200-day SMA of ₹7.22. According to Moneycontrol, Krishival Foods declined 7.73% to ₹365.60, falling below its 30-day SMA of ₹396.22 and 50-day SMA of ₹399.50, while Konstelec fell 4.30% to ₹58.30 and Autoline Industries declined 3.75% to ₹88.70. Several stocks touched fresh 52-week highs on August 18, with notable names including Welspun Living, Netweb, Ajanta Pharma, Solar Industries, Welspun Corp, Neuland Lab, Radico Khaitan and KEI Industries.
