INR 8.84 pre-market 24 Jan 2026: HINDNATGLS.NS Hindusthan National Glass NSE oversold bounce
HINDNATGLS.NS stock is trading at INR 8.84 pre-market on 24 Jan 2026 on the NSE, marking a steep drawdown this year and a possible oversold bounce setup. Volume is 67,344.00 shares versus an average of 36,327.00, suggesting short-term attention. For traders using an oversold bounce strategy, the gap between the current price and the 50-day average (INR 14.63) creates defined upside targets and clear stop-loss levels. This piece lays out the technical plan, fundamental risks, Meyka AI grading and a model forecast to frame a measured trade idea for HINDNATGLS.NS stock
Pre-market price and key stats for HINDNATGLS.NS stock
Price is INR 8.84 on the NSE pre-market. Market cap is INR 791,653,515.00 and shares outstanding are 89,553,565.00.
Recent trading shows volume 67,344.00 with avg volume 36,327.00. Year high is INR 31.03 and year low is INR 8.84. Reported EPS is -2.05 and PE is -4.31, highlighting negative earnings on current accounting.
Why HINDNATGLS.NS stock looks oversold
The stock is down 63.04% YTD and 70.00% over 1 year, creating oversold conditions versus peers. Price sits well below the 50-day (INR 14.63) and 200-day (INR 19.14) averages, a technical gap traders watch for mean-reversion.
Operational metrics show stretched working capital and a low current ratio 0.39, which increases downside risk if demand weakens. The oversold setup is technical in nature; fundamentals remain mixed, so any bounce should be traded with tight risk controls.
Technical setup and trade plan for an oversold bounce in HINDNATGLS.NS stock
Entry zone for a short-term bounce: INR 8.40–9.20 with confirmation on higher-than-average volume. Initial targets: INR 14.63 (50-day average) and INR 19.14 (200-day average). A conservative stop-loss: INR 7.50 (-15.16% from current) to manage downside.
Risk-reward example: buy at INR 8.84 with a first target INR 14.63 gives implied upside 65.55%. Use position sizing so a stop at INR 7.50 limits portfolio impact. Watch intraday volume and any uptick in sector buying as confirmation.
Fundamentals and sector context for HINDNATGLS.NS stock
Hindusthan National Glass & Industries (HINDNATGLS.NS) operates in Packaging & Containers within the Consumer Cyclical sector. Revenue per share is 187.11, cash per share 63.73, but book value per share is negative at -89.88, signalling balance-sheet strain.
Sector-wide, packaging names face cyclical demand tied to FMCG and pharma orders. A recovery in those end markets would support a fundamentals-led recovery, but high debt ratios and stretched working capital remain key risks for HINDNATGLS.NS stock.
Meyka AI grade, model forecast and valuation view for HINDNATGLS.NS stock
Meyka AI rates HINDNATGLS.NS with a score of 58.09/100 (C+) — HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus.
Meyka AI’s forecast model projects INR 21.11 yearly, implying 138.88% upside from the current INR 8.84. Forecasts are model-based projections and not guarantees. Valuation metrics: price-to-sales 0.05 and EV/EBITDA 30.30, which indicate a steep implied valuation relative to current earnings. For verification and company detail see Hindusthan National Glass website and the NSE quote page NSE HINDNATGLS.
Catalysts, risks and trading checklist for HINDNATGLS.NS stock
Potential catalysts: stronger demand from pharmaceuticals and beverages, cost control, or any update that improves working capital. Watch quarterly updates and order-book commentary.
Principal risks: negative book value per share, stretched current ratio 0.39, inventory days 274.34, and low liquidity relative to larger peers. For an oversold bounce strategy keep trade size limited, set a clear stop and monitor sector flows before adding exposure.
Final Thoughts
HINDNATGLS.NS stock at INR 8.84 on 24 Jan 2026 offers a classic oversold bounce setup: sharp YTD losses, rising relative volume 67,344.00, and a wide gap to the 50-day average (INR 14.63) create defined trade parameters. Meyka AI’s model forecasts INR 21.11 (12 months), an implied upside of 138.88%, but that projection is model-based and not a guarantee. A practical trade plan is entry INR 8.40–9.20, first target INR 14.63, secondary target INR 19.14, and a stop-loss near INR 7.50 to cap downside at roughly -15.16%. Given weak fundamentals like negative book value and a low current ratio, treat this as a tactical trade rather than a core position. Meyka AI calls this a HOLD-grade opportunity for disciplined traders with strict risk controls and a focus on quick confirmation from volume and sector momentum.
FAQs
Is HINDNATGLS.NS stock a buy after the drop?
For traders, HINDNATGLS.NS stock can be a tactical oversold bounce play with tight stops. For investors, weak fundamentals and negative book value suggest caution. Size positions small and wait for volume-confirmed recovery before adding exposure.
What are realistic short-term targets for HINDNATGLS.NS stock?
A practical short-term target is INR 14.63 (50-day average). A secondary target is INR 19.14 (200-day average). Use a stop near INR 7.50 to limit losses on failed bounces.
How reliable is the Meyka AI forecast for HINDNATGLS.NS stock?
Meyka AI’s forecast model projects INR 21.11 but notes forecasts are model-based projections and not guarantees. Use the projection as one input among fundamentals, sector trends and price action confirmation.
What are the main risks in trading HINDNATGLS.NS stock?
Main risks include negative book value per share, low current ratio 0.39, long inventory days 274.34, and low liquidity. These increase downside if market support is absent during a bounce.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
