Why did SHEKHAWATI.NS stock drop so sharply intraday?

The intraday drop to INR 13.28 was driven by heavy selling with volume **557,731** (11.47x average), weak sector flows and technical selling. Company fundamentals show inventory cycles and a low PE, but market sentiment and liquidity likely triggered the sharp move.

What are the key support and resistance levels for SHEKHAWATI.NS stock?

Immediate support is **INR 12.76** (day and year low). Near-term resistance is **INR 15.50** (today’s high) and the 50-day average **INR 19.28**. Manage trades with stops below INR 12.50 and targets near INR 18.00.

What does Meyka AI forecast imply for SHEKHAWATI.NS stock?

Meyka AI's forecast model projects **monthly INR 12.34** and **yearly INR 27.94**. Versus INR 13.28 today, that implies -7.09% near-term and +110.47% over 12 months. Forecasts are model-based and not guarantees.

Is SHEKHAWATI.NS stock a value buy after the fall?

Valuation metrics like **PE 7.59** and low net debt suggest value characteristics, but inventory cycles, margin risks and technical weakness mean a cautious approach. Consider position sizing and a clear stop-loss.

IN Stocks

SHEKHAWATI.NS Shekhawati Industries (NSE) down 16.43% intraday: monitor INR 12.76 support

ByHuzaifa Zahoor January 23, 2026January 23, 2026

The SHEKHAWATI.NS stock plunged 16.43% intraday on 23 Jan 2026 to INR 13.28, marking one of the top losers on the NSE during the session. Trading volume jumped to 557,731 shares, roughly 11.47x the average daily volume of 48,607, signalling aggressive selling pressure. Intraday range hit a low of INR 12.76 and a high of INR 15.50, while the share trades well below its 50-day average of INR 19.28 and 200-day average of INR 21.87. We review the drop, technical levels, valuation and a model forecast to frame short-term trade and medium-term outlook.