AXISCADES Technologies Ltd
AXISCADESAXISCADES Technologies Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 95th percentile of its own range — the multiple has already done part of the work.
The price is in a confirmed uptrend (80 weeks in) while the P/E sits at the 95th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −98.7% year on year, and 92% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
AXISCADES Technologies Ltd trades at ₹1,548, in a confirmed uptrend and 80 weeks into that stage. That is −1.5% against its own 200-day average. It sits at 40% of a 52-week range of ₹1,124 to ₹2,174. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).
Today the stock is in a confirmed uptrend — week 80 of stage 2, confirmed. At ₹1,548 it trades −1.5% versus its 200-day average and sits at 40% of its 52-week range (₹1,124–₹2,174).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +592% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 95th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
AXISCADES Technologies Ltd trades at 86.6× P/E, at the pricey end of its own range (95th percentile). Its long-run median P/E is 31.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 86.6× is at the pricey end of its own range (95th percentile), against a long-run median of 31.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −4.0% against a +15.1% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +73.9%/yr price move, ~+41.4%/yr came from earnings growth and ~+32.5 pp from the multiple (expanding); over 10y, of the +20.7%/yr price move, ~+5.7%/yr came from earnings growth and ~+15.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
AXISCADES Technologies Ltd reads as topping out on its fundamental arc. Topping out — profit and EPS growth have decelerated hard (profit growth +186.6% at its peak → −4.3% latest) while ROCE still reads 16.4%. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +12.4% | +12.1% | +17.2% | +11.9% |
| Profit | −4.0% | — | — | +9.5% |
| EPS | −4.0% | — | — | +4.9% |
| Share price | +15.1% | +46.9% | +73.9% | +20.7% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
No sector-relative score — AXISCADES Technologies Ltd is not present in the sector comparison for Aerospace & Defence - Equipments.
The score is a rank WITHIN a peer set: every metric is scored by percentile against the other members. Without the peer set there is no score to state, so none is invented here.
Revenue Revenue is the top line: everything the company billed its customers in the period.
AXISCADES Technologies Ltd reported ₹273 Cr of revenue in the Mar 26 quarter, +1.9% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 11.9% a year. The last full year, FY26, came in at ₹1,159 Cr. The last four reported quarters add to ₹1,159 Cr.
AXISCADES Technologies Ltd reported ₹273 Cr of revenue in the Mar 26 quarter, +1.9% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 11.9% a year. The last full year, FY26, came in at ₹1,159 Cr. The last four reported quarters add to ₹1,159 Cr.
FY26 revenue came in at ₹1,159 Cr (+12.4% on the year), capping 10 years at 11.9% compound. The latest quarter (Mar 26) printed ₹273 Cr, +1.9% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +12.2% growth against the decade's 11.9% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +12.4% over the last 4 quarters against +10.2%/yr over the last 8 — stabilising; TTM profit −4.3% vs +46.9%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 12.3% this quarter (−1.7 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
AXISCADES Technologies Ltd's operating margin is 12.3% in the Mar 26 quarter, −1.7 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 2.0% to 18.0%. The current quarter sits inside that band.
AXISCADES Technologies Ltd's operating margin is 12.3% in the Mar 26 quarter, −1.7 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 2.0% to 18.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.3%, −1.7 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 2.0%–18.0%.
🚨 Why the margin moved: operating margin went −1.7 pp year on year while gross margin went +3.5 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit −98.7% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
AXISCADES Technologies Ltd earned ₹0.4 Cr of net profit in the Mar 26 quarter, −98.7% year on year. Full-year FY26 profit was ₹72.0 Cr. The 10-year compound rate is 9.5%. That is 0.2% of the quarter's revenue. The same quarter a year earlier earned ₹31.5 Cr.
AXISCADES Technologies Ltd earned ₹0.4 Cr of net profit in the Mar 26 quarter, −98.7% year on year. Full-year FY26 profit was ₹72.0 Cr. The 10-year compound rate is 9.5%. That is 0.2% of the quarter's revenue. The same quarter a year earlier earned ₹31.5 Cr.
Mar 26 profit was ₹0.4 Cr, −98.7% year on year. On the full year, FY26 printed ₹72.0 Cr (−4.0%), and the 10-year compound rate is 9.5%.
🚨 Why profit moved: revenue contributed +1.9% and the margin −1.7 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +25.5% vs revenue +12.2%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 92% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 92% of AXISCADES Technologies Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹−1.0 Cr of operating cash against ₹72.0 Cr of profit. After ₹150 Cr of capital spending, ₹−151 Cr was left as free cash.
FY26: operating cash of ₹−1.0 Cr against reported profit of ₹72.0 Cr, leaving free cash of ₹−151 Cr after ₹150 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 92% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 92%: the cash cycle stretched 43 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 2.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹318 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
AXISCADES Technologies Ltd's cash conversion cycle runs 31 days in FY26, up from −12 days in FY21. Capital spending ran ₹318 Cr over the last 3 years. At FY26 sales of ₹1,159 Cr each day of that cycle holds about ₹3.2 Cr, so roughly ₹98.0 Cr sits inside the business at any moment.
FY26: debtors at 130 days, inventory at 121 days — roughly 4.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 31 days, looser than FY21's −12.
The full loop: cash goes out to suppliers and production on day 0; stock waits 121 days to sell; customers pay about 130 days after that; and suppliers themselves are paid at 220 days — netting out to the 31-day cycle.
In money terms: at FY26 sales of ₹1,159 Cr, each day of the cycle holds about ₹3.2 Cr — so the 31-day loop keeps roughly ₹98.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹318 Cr over the last 3 fiscal years against ₹118 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹44.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 15% and the ROIC − WACC spread is −3.3 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
AXISCADES Technologies Ltd earns a ROCE of 15% in FY26. That is up from a trough of 1% in FY19. Return on invested capital clears the cost of that capital by −3.3 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 6.2% net margin on 0.79× asset turns.
FY26 ROCE is 15%, recovered from a FY19 trough of 1% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 6.2% net margin × 0.79× asset turns × 2.02× balance-sheet leverage ≈ 9.9% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 8.7% − 12.0% = a −3.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.53.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
AXISCADES Technologies Ltd carries total debt of ₹388 Cr against shareholder equity of ₹734 Cr as of Mar 26, a debt-to-equity of 0.53. On the annual view that ratio went from 0.21 in FY22 to 0.53 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹388 Cr against shareholder equity of ₹734 Cr — a debt-to-equity of 0.53. On the annual view, debt-to-equity went from 0.21 (FY22) to 0.53 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 2.6 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 2.6 points of AXISCADES Technologies Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 2.0% of the company. Promoters moved −2.2 points over the same window, to 58.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −2.6 points over 8 quarters to 2.0%; Promoters: −2.2 points over 8 quarters to 58.0%; Foreign institutions: +1.1 points over 8 quarters to 1.4%.
🚨 Why the register moved: domestic institutions drove it (−2.6 points), alongside promoters (−2.2 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
AXISCADES Technologies Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| AXISCADES Technologies Ltd this page | 86.6× | ₹6,839 Cr | Mixed | |||
| Hindustan Aeronautics Ltd | 33.6× | ₹3.1L Cr | Consistent | |||
| Bharat Electronics Ltd | 48.8× | ₹3L Cr | Mixed | |||
| Bharat Dynamics Ltd | 108.0× | ₹45,564 Cr | Deteriorating | |||
| Data Patterns (India) Ltd | 104.0× | ₹25,666 Cr | Turning around | |||
| MTAR Technologies Ltd | 184.0× | ₹17,856 Cr | Improving | |||
| Astra Microwave Products Ltd | 89.2× | ₹17,217 Cr | Mixed | |||
| Zen Technologies Ltd | 87.9× | ₹15,970 Cr | Deteriorating | |||
| Azad Engineering Ltd | 119.0× | ₹15,751 Cr | Mixed | |||
| Aequs Ltd | — | ₹15,374 Cr | — | — | — | — |
| Apollo Micro Systems Ltd | 130.0× | ₹14,652 Cr | Mixed | |||
| BEML Ltd | 101.0× | ₹14,269 Cr | Mixed | |||
| Sigma Advanced System Ltd | 35.7× | ₹9,911 Cr | No read | |||
| Paras Defence and Space Technologies Ltd | 112.0× | ₹9,632 Cr | Mixed | |||
| Mishra Dhatu Nigam Ltd | 56.0× | ₹7,357 Cr | Mixed | |||
| Dynamatic Technologies Ltd | 142.0× | ₹7,102 Cr | Turning around | |||
| AXISCADES Technologies Ltd | 82.5× | ₹6,520 Cr | Topping out | |||
| Avantel Ltd | 253.0× | ₹4,344 Cr | Deteriorating | |||
| Ideaforge Technology Ltd | — | ₹4,326 Cr | No read | |||
| Rossell Techsys Ltd | 164.0× | ₹3,707 Cr | No read | |||
| Sika Interplant Systems Ltd | 68.8× | ₹2,416 Cr | Mixed | |||
| NIBE Ltd | 414.0× | ₹2,332 Cr | Turning around | |||
| Jaykay Enterprises Ltd | 32.1× | ₹2,152 Cr | No read | |||
| DCX Systems Ltd | — | ₹2,013 Cr | Deteriorating | |||
| Sika Interplant Systems Ltd | 49.4× | ₹1,813 Cr | Mixed | |||
| Vinyas Innovative Technologies Ltd | 51.9× | ₹1,602 Cr | No read |
Frequently asked questions
What is AXISCADES Technologies Ltd's share price today?
AXISCADES Technologies Ltd trades at ₹1,548, +15.1% over the past year. The company is valued at ₹6,839 Cr. The stock sits at 40% of its 52-week range of ₹1,124–₹2,174, −1.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 80 weeks in. — as of 24 July 2026.
What were AXISCADES Technologies Ltd's latest quarterly results?
AXISCADES Technologies Ltd reported revenue of ₹273 Cr and net profit of ₹0.4 Cr for the Mar 26 quarter. Revenue rose 1.9% and profit fell 98.7% year on year. Earnings per share were ₹0.10. The operating margin was 12.3%, 1.7 pp lower than a year earlier. — as of 24 July 2026.
What is AXISCADES Technologies Ltd's revenue?
AXISCADES Technologies Ltd reported revenue of ₹273 Cr in the Mar 26 quarter, +1.9% year on year. For the full FY26 fiscal year, revenue was ₹1,159 Cr (+12.4%). Over the last 10 years revenue compounded at 11.9% a year. — as of 24 July 2026.
What is AXISCADES Technologies Ltd's profit?
AXISCADES Technologies Ltd earned ₹0.4 Cr of net profit in the Mar 26 quarter, −98.7% year on year. Full-year FY26 profit was ₹72.0 Cr. The operating margin ran 12.3% in the latest quarter. — as of 24 July 2026.
What is AXISCADES Technologies Ltd's market cap?
AXISCADES Technologies Ltd's market capitalisation is ₹6,839 Cr at a share price of ₹1,548. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is AXISCADES Technologies Ltd's P/E ratio?
AXISCADES Technologies Ltd trades at a P/E of 86.6×, at the 95th percentile of its own 10-year range, against a long-run median of 31.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does AXISCADES Technologies Ltd pay a dividend?
No — AXISCADES Technologies Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is AXISCADES Technologies Ltd overvalued?
On its own history, AXISCADES Technologies Ltd looks expensive against its own history: its P/E of 86.6× sits at the 95th percentile of its 10-year range (long-run median 31.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is AXISCADES Technologies Ltd growing?
Not right now — AXISCADES Technologies Ltd's latest numbers are shrinking: latest-quarter revenue +1.9% year on year, profit −98.7%, and the margin −1.7 pp at 12.3%. The 10-year compound rates are 11.9% (revenue) and 9.5% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is AXISCADES Technologies Ltd performing?
AXISCADES Technologies Ltd is in a confirmed uptrend, 80 weeks in. Its latest quarter's revenue rose 1.9% and profit fell 98.7% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is AXISCADES Technologies Ltd in?
Topping out — profit and EPS growth have decelerated hard (profit growth +186.6% at its peak → −4.3% latest) while ROCE still reads 16.4%. The read comes from the last 12 quarters of growth (revenue growth +12.4% latest, profit growth −4.3% latest, eps growth −4.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is AXISCADES Technologies Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 80 of stage 2), trading −1.5% versus its 200-day average and at 40% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is AXISCADES Technologies Ltd beating the market?
Not lately — on a trailing-13-week view AXISCADES Technologies Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +592% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will AXISCADES Technologies Ltd's share price go up?
This page publishes no price forecast for AXISCADES Technologies Ltd. What it measures instead: the share price is ₹1,548, the price is in a confirmed uptrend 80 weeks in. Its P/E of 86.6× sits at the 95th percentile of its own 10-year range. — as of 24 July 2026.
Who owns AXISCADES Technologies Ltd?
Promoters hold 58.0% of AXISCADES Technologies Ltd, foreign institutions 1.4%, domestic institutions 2.0% and the public 38.6% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 2.6 points over 8 quarters. — as of 24 July 2026.
Does AXISCADES Technologies Ltd have too much debt?
It is moderate — AXISCADES Technologies Ltd's debt-to-equity is 0.53, and operating profit covers the interest bill 6×. FY26 borrowings were ₹388 Cr against equity of ₹727 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is AXISCADES Technologies Ltd's capex?
AXISCADES Technologies Ltd spent ₹318 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹150 Cr, with ₹44.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is AXISCADES Technologies Ltd's cash flow?
AXISCADES Technologies Ltd generated ₹−1.0 Cr of operating cash flow in FY26 and ₹−151 Cr of free cash flow after ₹150 Cr of capital spending. Reported profit that year was ₹72.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is AXISCADES Technologies Ltd's profit real cash?
Yes — over the last 3 fiscal years, 92% of AXISCADES Technologies Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−1.0 Cr against reported profit of ₹72.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is AXISCADES Technologies Ltd in its business cycle?
AXISCADES Technologies Ltd's FY26 operating margin was 15.0%, against a 13-year band of 2.0%–18.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the AXISCADES Technologies Ltd story?
Biggest watch item: the P/E sits at the 95th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is AXISCADES Technologies Ltd a stock worth studying right now?
This is not investment advice. The machine read: AXISCADES Technologies Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.