Paytm, Sapphire Foods and L&T Shares: Buy or Sell? A Data Check of Prices, Valuation and Technical Levels After the Jigar Patel Strategy
- October 26, 2026
- Posted by: Neeraj Pandey
- Category: News
Buy or sell is the question for Paytm, Sapphire Foods and L&T after technical researcher Jigar Patel of Anand Rathi shared a strategy on the three stocks. At about 10:06 AM on 26 Oct 2026, Paytm traded at Rs 1,625.50, Sapphire Foods at Rs 191.42 and Larsen and Toubro at Rs 3,678.00. This article sets out the data so you can judge any buy or sell call yourself.
Quick Answer
Buy or sell calls on Paytm, Sapphire Foods and L&T depend on different facts for each stock. Paytm reports Q2 results today and trades at a trailing price to earnings of 159.45, Sapphire Foods is loss-making and trades near its SuperTrend support with a 14-day RSI of about 27, and L&T trades at a price to earnings of 25.56 below its 50-day average. The headline attributes a strategy to Jigar Patel, but I could not retrieve his exact targets, so this article does not repeat any figures from his call. The data here is educational and not a buy or sell recommendation.
Buy or sell decisions on three such different companies need three different lenses: a results event for Paytm, a turnaround story for Sapphire Foods and a large infrastructure order book for L&T. A single strategy line can hide that, so the data below is organised stock by stock.
This data check helps you test any buy or sell view against prices, valuation, momentum and risk. It is educational and not advice.
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Buy or Sell: The Three Stocks at a Glance
| Buy or sell: measure (NSE, about 10:06 AM) | Paytm | Sapphire Foods | Larsen and Toubro |
|---|---|---|---|
| Price | Rs 1,625.50 | Rs 191.42 | Rs 3,678.00 |
| Day move | Up 0.58% | Down 2.09% | Up 0.85% |
| Day range | Rs 1,582.40 to 1,628.30 | Rs 190.28 to 195.56 | Rs 3,615.10 to 3,678.00 |
| Market capitalisation | About Rs 1,03,508 crore | About Rs 6,310 crore | About Rs 5,01,514 crore |
| Price to earnings (trailing) | 159.45 (industry 116.28) | Not meaningful, loss-making | 25.56 (industry 21.92) |
| Price to book | 6.46 | 4.50 | 4.59 |
| Return on equity | 4.55% | 0.97% | 14.72% |
| Debt to equity | 0.01 | 1.08 | 1.15 |
The table shows that buy or sell cannot be decided from the day’s price move alone. Paytm and L&T rose while Sapphire Foods fell, but their valuations and business risks are very different. All fundamentals are data provider figures on trailing numbers and will change after fresh results.
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Paytm: Buy or Sell Before Q2 Results Today?
| Buy or sell: Paytm item | Detail |
|---|---|
| Q2 results | Due today, 26 Oct |
| BofA estimate | Revenue Rs 2,641 crore, EBITDA Rs 263 crore, profit Rs 271 crore; Buy rating |
| Earnings per share (trailing) | Rs 10.11 |
| 14-day RSI (data provider) | About 41.1 |
| 50-day average | About Rs 1,635.55, just above the price |
| SuperTrend | Buy signal; support near Rs 1,599.32, upper band near Rs 1,771.02 |
For buy or sell on Paytm, the result is the event. BofA expects profit of Rs 271 crore, up 76% year on year, and a margin rise, and the stock already trades at a price to earnings of 159.45. A strong result may be needed just to hold the price, and a miss could bring a sharp fall. Technically, the price is just below its 50-day average with support near Rs 1,599, so a close below that level would weaken the setup.
Paytm’s Q1 net profit rose 79%, according to Business Today, so the trend is positive. The question for buy or sell is how much of that growth is already in the price.
Sapphire Foods: Buy or Sell a Turnaround Candidate?
| Buy or sell: Sapphire Foods item | Detail |
|---|---|
| Trailing earnings per share | Minus Rs 0.15, so loss-making on a trailing basis |
| 14-day RSI (data provider) | About 27.0, a technically oversold zone |
| 50-day average | About Rs 210.35, well above the price |
| SuperTrend | Sell signal; upper band near Rs 217.02, lower band near Rs 191.57 |
| Debt to equity | 1.08 |
| Price to book | 4.50 on a book value of Rs 43.61 |
Sapphire Foods is a restaurant operator and is down 2.09% today, trading at the lower SuperTrend band. A 14-day RSI near 27 shows that the stock has fallen hard, and oversold stocks can bounce, but they can also keep falling. For buy or sell, a trailing loss and a debt to equity ratio of 1.08 mean that the company needs earnings to improve before valuation looks comfortable.
A price to book of 4.50 for a company with a return on equity under 1% is a high ratio, so the market is paying for recovery. A sell view would rest on the broken trend and the loss, and a buy view would rest on the oversold reading and any sign of margin recovery.
Larsen and Toubro: Buy or Sell an Order-Book Leader?
| Buy or sell: L&T item | Detail |
|---|---|
| Earnings per share (trailing) | Rs 142.63 |
| Dividend yield | 1.04% |
| 14-day RSI (data provider) | About 43.1 |
| 50-day average | About Rs 3,806.83, above the price |
| SuperTrend | Sell signal; upper band near Rs 3,872.42, lower band near Rs 3,544.51 |
| Q2 results | Due this week |
L&T has a price to earnings of 25.56 against an industry level of 21.92 and a return on equity of 14.72%. It trades below its 50-day average and under the SuperTrend upper band at about Rs 3,872, so the trend is still down, but it rose 0.85% on a weak market day. For buy or sell, the Q2 results this week are the main event, and L&T’s order book and margins will matter more than the day’s price.
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How to Judge a Buy or Sell Call Yourself
| Buy or sell: tool | What it tells you |
|---|---|
| RSI | Momentum; below 30 is oversold and above 70 is overbought |
| 50-day average | Medium-term trend; price below it suggests weakness |
| SuperTrend | Trend and a trailing stop-loss level |
| Price to earnings | How much you pay for each rupee of earnings |
| Debt to equity | Balance sheet risk |
| Results date | Event risk that can override technicals |
A technical researcher such as Jigar Patel, who is an equity technical researcher at Anand Rathi Shares and Stock Brokers, would normally set an entry, a target and a stop-loss level using such tools. Those levels are short-term trading levels and are not the same as long-term investment views, so a buy or sell call for a week can differ from one for a year.
Share Price Levels to Track for All Three Stocks
The Paytm share price of Rs 1,625.50 sits just under its 50-day average of about Rs 1,635.55, and the Paytm share price has support near the SuperTrend lower band at about Rs 1,599.32. A close below that band would weaken the setup, and a result that beats estimates could lift the Paytm share price back above the average.
The Sapphire Foods share price of Rs 191.42 is at the lower SuperTrend band near Rs 191.57, and the Sapphire Foods share price is far below the 50-day average of about Rs 210.35. The Sapphire Foods share price would need to rise above the upper band near Rs 217.02 to change the technical trend, which is a gain of about 13% from here (my calculation).
The L&T share price of Rs 3,678.00 is about 3.4% below its 50-day average of Rs 3,806.83 (my calculation), and the L&T share price remains under the SuperTrend upper band near Rs 3,872.42. The L&T share price has a lower band near Rs 3,544.51, which traders often use as a reference for a stop loss.
A stop loss is a pre-decided exit price that limits the loss if a trade goes wrong. Technical researchers usually place a stop loss below a support level, such as a SuperTrend band, and the distance from the entry price decides the risk. Because I could not retrieve Jigar Patel’s own levels, the bands above are indicator readings and not his stop loss or targets.
Risks to Check Before Any Buy or Sell Decision
- Event risk. Paytm’s result today and L&T’s result this week can move prices sharply.
- Market risk. The Nifty fell 2.36% last week, and the Fed meets on 27 and 28 Oct.
- Valuation risk. Paytm’s price to earnings of 159.45 leaves little room for error.
- Business risk. Sapphire Foods is loss-making with a debt to equity of 1.08.
- Position size. Use stop-loss levels that you can afford, and do not rely on one call.
Conclusion
Buy or sell on Paytm, Sapphire Foods and L&T depends on three different stories: Paytm’s results today, Sapphire’s oversold but loss-making setup and L&T’s order book and results this week. Use the prices, valuation and levels above, read the company filings and decide according to your own risk profile.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Should I buy or sell Paytm shares today?
Ans. That depends on your horizon and risk profile. Paytm reports Q2 results today, BofA expects profit of Rs 271 crore, and the stock trades at a trailing price to earnings of 159.45, so expectations are high. Technically, support is near Rs 1,599. This is educational and not a buy or sell recommendation.
Is Sapphire Foods oversold?
Ans. On the data provider’s daily indicators, Sapphire Foods has a 14-day RSI of about 27, which is in the oversold zone, and it trades near its SuperTrend lower band at about Rs 191.57. Oversold does not mean a rebound is certain, and the company is loss-making on a trailing basis.
What is L&T’s valuation?
Ans. Larsen and Toubro trades at a trailing price to earnings of 25.56 against an industry level of 21.92, with a return on equity of 14.72% and a dividend yield of 1.04%. It is below its 50-day average of about Rs 3,806.83. Q2 results are due this week.
Who is Jigar Patel?
Ans. Jigar Patel is an equity technical researcher at Anand Rathi Shares and Stock Brokers Ltd, according to Business Standard’s author page. The headline says he suggested a strategy on Paytm, Sapphire Foods and L&T. I could not retrieve his exact targets, so please check the original report.
What are the technical levels for these three stocks?
Ans. From the data provider, Paytm has SuperTrend support near Rs 1,599.32, Sapphire Foods has its lower band near Rs 191.57 and upper band near Rs 217.02, and L&T has a lower band near Rs 3,544.51 and an upper band near Rs 3,872.42. These are indicator readings and not recommendations.
How do results affect a buy or sell decision?
Ans. Results can change the price quickly if they differ from estimates or if guidance changes. For Paytm, the result is due today, and for L&T it is due this week, so many investors wait for the numbers before they act.
Is this buy or sell article investment advice?
Ans. No. This buy or sell article is educational and the figures are from data providers and news reports that can change. Please check the facts and your own risk profile before you trade or invest.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
