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Investment & lending company Historical case study · data as of 10 Jul 2026 · published 13 Oct 2026 (95 days later)

Authum Investment & Infrastructure — 100-point case study

How Authum Investment & Infrastructure looked on 50 technical and 50 fundamental measures on 10 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: AIIL · BSE: 539177
Close on 10 Jul 2026	₹514.00
Market cap then	₹43,639 crore
Valuation	P/E 22.6× · P/B 2.96×
Momentum	RSI (14) 50 · 1-year return -3.9%
Next 3 months	+6.9% vs Nifty 50 -7.0% (to 09 Oct 2026)

Scorecard

Technical — 50 points

12 bullish · 25 neutral · 2 caution · 10 bearish — the picture was mixed.

Fundamental — 50 points

3 bullish · 38 neutral · 1 caution · 7 bearish — the picture leaned negative.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Authum's shares were split 5-for-1 in January 2026; the price history shown is split-adjusted. Most prices are from Yahoo Finance; July and September 2026 rows come from stockanalysis.com and equitypandit.com (cross-checked where they overlap). Authum is an investment company, so lender metrics such as NII, NPA and NIM are not reported.

Technical analysis — 50 points

Calculated by code from daily prices up to 10 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.45%/day	Bearish	Over the last 20 sessions the regression line of closing prices was falling about 0.45% a day — a short-term downtrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +16.4%	Bullish	The 100-session trend line was up (+0.11%/day) and the stock was +16.4% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -3.9%	Neutral	Compared with a year earlier the price was -3.9%. Little net progress over twelve months. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 508.33 / 30W 508.76	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 534.20→581.60; lows 441.00→506.80	Bullish	The two most recent swing points showed higher swing highs and higher swing lows — classic uptrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	18.5	Neutral	ADX at 18.5 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 19.4 / –DI 19.9	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	529.63 (-3.0%)	Bearish	Close of 514.00 was 3.0% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	500.88 (+2.6%)	Bullish	Close of 514.00 was 2.6% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	532.37 (-3.5%)	Bearish	Close of 514.00 was 3.5% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 515.72 / 21E 515.24	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 15 Jun 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bearish	The 50-day average was 5.9% below the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+6.4% in 20 sessions	Bullish	The 50-day average rose 6.4% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	530 / 501 / 485 / 532	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	518.54 (-0.9%)	Bearish	Anchored to the start of July, the volume-weighted average price was 518.54; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	50.5	Neutral	RSI at 50.5 was in the neutral 45–55 zone. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 3.47 / signal 7.33	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-2.41 → -3.86	Bearish	The histogram fell over the last five sessions, meaning momentum was weakening. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	3.47	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 14.0 / %D 14.4	Caution	Slow stochastic at 14.0 was in oversold territory (<20). Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-75.4	Neutral	%R of -75.4 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-78	Neutral	CCI at -78 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-0.8%	Neutral	Price changed -0.8% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.27 (bands 496.37–562.89)	Neutral	%B of 0.27 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 12.6% (9th pct of 6M)	Caution	Band width was at the 9th percentile of the last six months. A squeeze like this often precedes a larger move (direction unknown). How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹19.20 (3.7% of price)	Neutral	A typical day's range was about ₹19.20, or 3.7% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	53.3% vs 1Y 48.9%	Neutral	Annualised 30-day volatility was 53.3%, close to the one-year level of 48.9%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	479.84–551.33	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.69	Neutral	A beta of 1.69 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.04× / 5-day 0.06×	Neutral	The final session traded 0.04× its 20-day average volume and the last five sessions averaged 0.06× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 8.92	Bullish	Average volume on up days was 8.92× that on down days — accumulation-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price rose — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.32	Bullish	CMF at +0.32 indicated net inflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	44.2	Bearish	MFI, a volume-weighted RSI, was 44.2. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹89 cr/day	Neutral	About ₹89 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	500.82 / 471.00 / 451.15	Neutral	Nearest support (prior swing lows) sat at 500.82, 2.6% below the close, then 471.00, 451.15. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	525.16 / 566.00 / 580.70	Neutral	Nearest resistance (prior swing highs) sat at 525.16, 2.2% above the close, then 566.00, 580.70. How to read: Information only.
40	Monthly pivot points (for next month)	P 515.88 \| R1 532.77 \| S1 497.12	Neutral	Classic pivots from July's high/low/close gave a pivot of 515.88; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 467 \| 38.2% 508 \| 50.0% 542 \| 61.8% 575	Neutral	Measuring the 6-month fall from 683.00 to 400.00, the close was nearest the 38.2% retracement at 508.11. How to read: Information only.
42	52-week high / low	H 683.00 / L 400.00	Neutral	The close was 24.7% below the 52-week high and 28.5% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	2 open; latest gap-up 15 Apr at 430.30	Neutral	There were 2 unfilled gap(s). The latest, a gap-up on 15 Apr 2026, left an open level at 430.30 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	pullback inside a larger uptrend	Neutral	Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 455.90–581.60	Neutral	The close was inside the prior 20-day range of 455.90–581.60. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary green candle	Neutral	On 10 Jul the candle opened 508.00, ranged 508.00–517.00 and closed 514.00: Ordinary green candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 471.68–487.60; Tenkan 516.83 / Kijun 513.30	Bullish	Price was above the cloud and the Tenkan line was above the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +6.2% / 3M +15.6%	Bullish	The stock outperformed the Nifty 50 by 15.6 points over three months and outperformed by 6.2 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M -10.6%	Bearish	No sector index in today's data set, so we show the 6-month comparison instead: 10.6 points behind the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	12 bullish · 10 bearish · 25 neutral · 2 caution	Neutral	Across the 49 readings the technical picture was mixed. Levels that mattered: support 500.82, resistance 525.16. This is a description of the chart on 10 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 10 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 10 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	22.6×	Neutral	At ₹514.00 the market valued the company at about ₹43,639 crore, or 22.6× the ₹1,929 crore profit of the four quarters to Mar 2026. That is a moderate multiple. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	2.96×	Neutral	Market cap was 2.96× the Mar 2026 book value (equity + reserves) of ₹14,728 crore. For a bank, P/B is the main valuation yardstick. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Revenue (interest earned)	16.73×	Neutral	Market cap was 16.73× trailing-12-month revenue (mainly interest earned) of ₹2,609 crore. How to read: Information only.
4	Profit / Book (earnings power)	13.1%	Neutral	Trailing profit was 13.1% of book value — the return the bank was generating on the equity investors were paying 2.96× for. How to read: Information only.
5	Earnings yield	4.4%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹4.4 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	n/m	Neutral	PEG is not meaningful because 3-year profit growth was -23.5%. Note: revenue jumped more than 40% in Mar 2024, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	n/a	Neutral	Dividend history in our data window was not available. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹43,639 cr	Neutral	At about ₹0.44 lakh crore the company was a mid-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹297.80 vs ₹514.00	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹297.80; the price was 73% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	-42.9%	Bearish	Revenue (interest earned) for FY26 was ₹2,614 crore, -42.9% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	-78.6%	Bearish	The Jan–Mar 2026 quarter brought ₹311 crore of revenue, -78.6% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	-54.5%	Bearish	FY26 net profit was ₹1,929 crore, -54.5% on FY25's ₹4,241 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	-96.7%	Bearish	Quarterly profit was ₹58 crore versus ₹1,763 crore a year earlier (-96.7%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	69.3%	Caution	Revenue compounded at 69.3% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2024, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	-23.5%	Bearish	Net profit compounded at -23.5% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2024, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	n/a	Neutral	Not available. Note: revenue jumped more than 40% in Mar 2024, Mar 2025, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	-54.5%	Bearish	Reported EPS went from ₹49.95 to ₹22.72 (-54.5%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Net interest margin (Q4 FY26)	n/a	Neutral	Not reported in our sources. Bullish 3.5% or more · Bearish below 3.0% · Neutral 3.0–3.5%.
19	Net interest income growth (Q4 FY26)	n/a	Neutral	Not available. Bullish above 10% · Bearish below 5% · Neutral 5–10%.
20	Net profit margin FY26	73.8%	Neutral	₹73.8 of every ₹100 of interest-led revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	13.1%	Neutral	FY26 profit was 13.1% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	Leverage (assets ÷ equity)	1.3×	Neutral	Total assets were 1.3× equity — normal for banks, which fund most assets with deposits. How to read: Information only — banks normally run high leverage.
23	Return on assets FY26	10.04%	Bullish	Net profit was 10.04% of total assets. For banks, ROA above 1% is considered healthy. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	9%	Neutral	The company paid about 9% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Q4 FY26 standalone profit (reported)	₹58 cr (n/a)	Neutral	The bank's own (standalone) Jan–Mar 2026 profit as reported was ₹58 crore, n/a year on year. Bullish above 12% year on year · Bearish below 0% · Neutral 0–12%.

D. Asset quality & capital

#	Point	Reading	Tag	Commentary
26	Gross NPA (Q4 FY26)	n/a	Neutral	Not reported in our sources for this period. Bullish below 2% · Bearish above 4% · Neutral 2–4%.
27	Net NPA (Q4 FY26)	n/a	Neutral	Not reported in our sources for this period. Bullish below 0.6% · Bearish above 1.5% · Neutral 0.6–1.5%.
28	CASA ratio	n/a	Neutral	Not reported in our sources for this period. Bullish above 40% · Bearish below 30% · Neutral 30–40%.
29	Capital adequacy (CRAR)	n/a	Neutral	Not reported in our sources for this period. Bullish above 16% · Bearish below 13% · Neutral 13–16%. RBI minimum incl. buffer is 11.5%.
30	Loan (advances) growth	n/a	Neutral	Not reported in our sources for this period. Bullish above 14% · Bearish below 8% · Neutral 8–14%.
31	Deposit growth	n/a	Neutral	Not reported in our sources for this period. Bullish above 12% · Bearish below 7% · Neutral 7–12%.
32	Borrowings (consolidated)	₹3,598 cr	Neutral	Borrowings were ₹3,598 crore at Mar 2026 — lenders that don't take deposits fund their loans this way. How to read: Information only.
33	Book value growth	+0.3%	Neutral	Equity grew +0.3% to ₹14,728 crore — banks need book growth to support loan growth. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹1,455 cr	Neutral	Operating cash flow was ₹1,455 crore. For banks this swings with deposit and loan flows, so it says little about profitability. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Investing cash flow FY26	₹-3,856 cr	Neutral	Investing flows for banks mostly reflect securities and fixed-asset purchases. How to read: Information only — for banks these swing with deposit and loan flows.
36	Financing cash flow FY26	₹2,343 cr	Neutral	Financing flows reflect borrowings raised/repaid and dividends paid. How to read: Information only — for banks these swing with deposit and loan flows.
37	Net cash flow FY26	₹-58 cr	Neutral	Overall cash and balances changed by ₹-58 crore in FY26. How to read: Information only — for banks these swing with deposit and loan flows.
38	Investment book growth	+21.5%	Neutral	The investment portfolio (mostly government securities) moved +21.5% to ₹15,473 crore. How to read: Information only.
39	Loan growth minus deposit growth	n/a	Neutral	Not available. How to read: Caution when loans grew more than 4 points faster than deposits (funding pressure). Neutral otherwise.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	0%	Neutral	The company paid out about 0% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	0% / 0% / 0%	Neutral	Payout ratios for FY24 / FY25 / FY26 — dividends were irregular. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+400.0%	Neutral	Paid-up equity capital rose +400.0%, consistent with a bonus issue or split — shareholders' ownership was not diluted. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	68.81% (-6.14 pts YoY)	Bearish	Promoters owned 68.81% at Mar 2026 versus 74.95% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	14.23% (+6.82 pts YoY)	Bullish	FIIs held 14.23% at Mar 2026, up from 7.41% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	0.19% (+0.10 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 0.19%, up from 0.09%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	0.4 lakh (+33.4% YoY)	Neutral	The shareholder count moved from 0.3 lakh to 0.4 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 5 tests)	4/5	Bullish	Passed: positive profit, ROA ≥ 1%, ROE ≥ 12%, no meaningful dilution (<3%). Failed: profit grew. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	1 strength(s) · 2 weakness(es)	Neutral	Strengths: Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%. Weaknesses: Tax rate seems low; Promoter holding has decreased over last 3 years: -5.72%. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	3 bullish · 7 bearish · 38 neutral · 1 caution	Bearish	On the numbers published by 10 Jul 2026 the fundamental picture leaned negative. Valuation: P/E 22.6×, P/B 2.96×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 10 Apr 2026 – 10 Jul 2026 that an investor could have known on the snapshot date.

17 Apr 2026 Company grants 19.8 lakh stock options under ESOP 2025 — The nomination and remuneration committee granted 19,80,000 options at an exercise price of Rs 300 per share, vesting 25% annually over four years. source
26 May 2026 Board approves FY26 audited results — Consolidated FY26 net profit was Rs 55.77 crore versus Rs 490.98 crore a year earlier; Q4 FY26 consolidated net profit was Rs 57.54 crore. Auditors flagged an emphasis of matter on the consolidation scope. source
02 Jun 2026 Chief financial officer resigns effective 1 June — CFO Amit Kumar Jha resigned to pursue other opportunities and the board accepted the resignation. source
12 Jun 2026 Trading volumes surge sharply on the counter — The stock rose about 16% intraday to around Rs 532 on volume roughly 46 times the two-week average; no cause was stated in the report. source
13 Jun 2026 Promoters report no encumbrance on shares for FY26 — Promoters Alpana Dangi (65.30%) and Mentor Capital (3.51%) told exchanges their shares were free of pledges as of 31 March 2026. source
30 Jun 2026 Shareholders approve amendments to Memorandum of Association — Postal ballot approved by 99.99% of votes cast, widening stated objects to investment, financial services and portfolio management. source

What happened next (10 Jul 2026 → 09 Oct 2026)

Price went from ₹514.00 to ₹549.70 by 09 Oct 2026 (+6.9%) while the Nifty 50 moved -7.0% — outperforming by 13.9 points.
Highest ₹607.70 on 06 Aug 2026; lowest ₹498.55 on 16 Jul 2026.
S1 500.82: held on a closing basis.
S2 471.00: held on a closing basis.
R1 525.16: cleared on a closing basis on 17 Jul 2026.
R2 566.00: cleared on a closing basis on 17 Jul 2026.
200-day SMA: price was below it at the snapshot and crossed above on 17 Jul 2026.
Apr–Jun 2026 results (reported 20 Jul 2026): reported profit ₹1,111 crore (+17.8% YoY), NIM n/a%, gross NPA n/a%, net NPA n/a%.

Later news

12 Jul 2026 NCLT rejects resolution plan for Vas Infrastructure — The tribunal rejected the company's plan on 7 July; the company said operations are not affected. source
17 Jul 2026 NCLT approves acquisition of Creatoz Builders — The tribunal approved the company's acquisition under the Insolvency and Bankruptcy Code; the order was uploaded on 16 July. source
20 Jul 2026 Q1 FY27 results announced — Consolidated net profit for the June 2026 quarter was about Rs 1,108-1,110 crore, up about 17.5% from a year earlier; the board approved results on 20 July. source
22 Jul 2026 Company discloses ongoing Income Tax search that began 20 July — In an exchange filing the company said it is cooperating and will update on any financial or operational impact; no impact was quantified. source
29 Jul 2026 NCLT approves Rs 350 crore Wind World asset acquisition — The tribunal approved the resolution plan for acquiring identified assets of Wind World (India). source
30 Sep 2026 Shareholders approve Rs 5,000 crore borrowing limit — Approval came at the 44th AGM held on 28 September. source

Educational summary. On 10 Jul 2026 the technical picture was mixed and the fundamental picture leaned negative. Over the next three months the stock moved +6.9% against -7.0% for the Nifty 50. A mixed chart gave no clear message, and the outcome shows why mixed readings are hard to act on. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Authum Investment & Infrastructure today.

Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 13 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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