Neutral/Negative Catalysts
- Profitability pressure: Q2 FY2026 net income -19% YoY and EPS -17% YoY despite revenue growth.
- Gross margin slipped (down ~1.77% YoY), suggesting mix/cost headwinds.
- Short-term technical momentum is weak (MACD negative and worsening), increasing risk of a dip toward 71.7 support if the market sells off.
- Options positioning shows heavy put open interest, a sign of caution/hedging in the market.