INR8.84 HINDNATGLS.NS Hindusthan Glass NSE Jan 2026 pre-market: Oversold bounce
HINDNATGLS.NS stock trades at INR 8.84 in the pre-market on Jan 2026, marking a multi-month low and an oversold bounce candidate. Volume is elevated at 67,344 shares versus an average of 36,327, signaling short-term trader interest. Given a 50-day average of INR 14.63 and 200-day average of INR 19.14, we view today’s level as a tactical rebound setup for swing traders rather than a fundamental recovery.
HINDNATGLS.NS stock: Pre-market snapshot
Price action is static at INR 8.84 with day low and high equal, reflecting thin pre-market liquidity on NSE. Market cap is INR 791,653,515.00 and shares outstanding are 89,553,565.00, so moves can be amplified. Volume today of 67,344 is 1.85x the average and supports an oversold bounce thesis.
Why an oversold bounce setup
The stock is down 63.04% YTD and roughly -48.39% over three months, creating a high mean-reversion probability for a short-term bounce. RSI and many trend indicators show limited signal in pre-market, but the price sitting at the 52-week low (INR 8.84) often attracts short-covering and value-oriented trading. For traders, a clear stop under INR 8.50 can limit downside.
Fundamental snapshot and HINDNATGLS.NS analysis
Hindusthan National Glass & Industries Limited operates in Packaging & Containers and reports EPS of -2.05 and a PE of -4.31, reflecting recent losses. The company has cash per share INR 63.73 but negative book value per share INR -89.88, and current ratio 0.39, indicating short-term liquidity stress. These fundamentals support a tactical trading stance rather than a long-term buy.
Technical levels, targets and HINDNATGLS.NS forecast
Immediate resistance sits near the 50-day average at INR 14.63 and stronger resistance at the 200-day average INR 19.14. A conservative short-term bounce target is INR 11.50, with a stretch target at INR 14.50 if volume confirms the move. Meyka AI’s yearly projection (model-based) sits at INR 21.11, implying 138.71% upside from INR 8.84, but this is a model projection, not a guarantee.
Meyka AI rates and stock grade
Meyka AI rates HINDNATGLS.NS with a score out of 100: 58.19 | Grade: C+ | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and not financial advice.
Risks, sector context and trade plan
Key risks include low current ratio 0.39, negative book value, and enterprise value to sales near 1.06, which can translate to volatility in the Consumer Cyclical packaging space. Sector averages show healthier liquidity and higher PE multiples, so expect wider swings. Trade plan: consider small size, target INR 11.50 with stop-loss INR 8.50, and scale out into resistance at INR 14.63.
Final Thoughts
HINDNATGLS.NS stock sits at INR 8.84 in the pre-market and qualifies as an oversold bounce candidate because of a long downtrend, elevated relative volume of 1.85x, and proximity to the 52-week low. Fundamentals remain challenged—EPS -2.05, PE -4.31, current ratio 0.39—so any bounce should be treated as tactical. Meyka AI’s forecast model projects INR 21.11 (implied upside 138.71% from INR 8.84) but forecasts are model-based and not guarantees. For traders, a tight stop under INR 8.50, a near-term target of INR 11.50, and a medium-term reference to INR 14.50–19.14 aligns risk and reward. Remember this analysis is informational; position sizing and risk controls remain essential when trading thinly traded names on NSE.
FAQs
Is HINDNATGLS.NS stock a buy after the drop?
HINDNATGLS.NS stock shows a tactical oversold bounce opportunity but has weak fundamentals. Consider trading the bounce with strict stops rather than initiating a long-term position given EPS -2.05 and current ratio 0.39.
What short-term targets should traders use for HINDNATGLS.NS stock?
Short-term traders can target INR 11.50 with a stop below INR 8.50. A confirmed move and higher volume could push the stock toward the 50-day average near INR 14.63.
How reliable is the Meyka AI forecast for HINDNATGLS.NS stock?
Meyka AI’s forecast model projects INR 21.11 for the year, implying 138.71% upside from INR 8.84, but forecasts are model-based projections and not guarantees. Use them alongside fundamentals and risk controls.
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.
