# Platinum Industries Shares Jump 14% as Analyst Sees Upside

> Platinum Industries shares surged 14% after crossing key moving averages, with technical analyst predicting further gains.
- Title: Platinum Industries Shares Jump 14% as Analyst Sees Upside
- Summary: Platinum Industries shares surged 14% after crossing key moving averages, with technical analyst predicting further gains. Platinum Industries shares rose…
- Keywords: platinum industries, share price, technical analyst, moving averages, q1 fy27 results, palghar facility, egypt facility, news, india, Platinum, Industries, Shares
- Source: mint — https://livemint.com/market/stock-market-news/platinum-industries-share-price-jumps-14-technical-analyst-sees-further-upside-check-key-levels-to-watch-11792393248087.html
- Author: Dhanya Nagasundaram
- Published: 2026-10-19T07:25:52+00:00
- Read time: 1 min
- Topics: platinum industries, share price, technical analyst, moving averages, q1 fy27 results, palghar facility, egypt facility, news, india
## Share Price Jump
Platinum Industries shares jumped nearly 14% on Monday amid strong trading volumes.
## Technical Analyst View
Rajesh Bhosale, Technical Analyst at My Advisor Alpha, noted shares crossed above 20-day, 50-day and 200-day exponential moving averages.
## Key Resistance Level
The next resistance level is around ₹ 250, with 50-DEMA at ₹ 215 as support.
## Q1 FY27 Results
Platinum Industries reported consolidated revenue of ₹ 108.94 crore for Q1 FY27, down 5.58% year-on-year.
## Profit Decline
Operating profit declined 11.22% to ₹ 13.45 crore, while net profit fell 14.91% to ₹ 11.13 crore.
## Palghar Capacity Expansion
Platinum Industries expanded Palghar facility adding 60,000 tonnes per annum of lead-free PVC stabilisers capacity.
## Egypt Facility Timeline
Egypt manufacturing plant targets commercial production by 31 December 2026 with ₹ 68 crore investment.
## South Korean Agreement
Subsidiary Rivadu Lifesciences signed exclusive agreement with South Korean company CAREGEN for health-functional-food products.
## Key takeaway

Platinum Industries shares rose 14% on Monday as technical analyst Rajesh Bhosale noted crossing of 20-day, 50-day and 200-day moving averages.