HEERAISP.BO down 20% intraday on 28 Jan 2026 BSE: watch support at INR 6.08
HEERAISP.BO stock fell 20.00% intraday to INR 6.08 on 28 Jan 2026 on the BSE, making it one of the market’s top losers today. We see heavy selling after the stock opened at INR 7.70 and hit a day high of INR 8.85 before collapsing to the low. Volume surged to 24,066 shares, roughly 4.15x the average, signalling aggressive outflows. This move amplifies year-to-date weakness and puts the next support near the 52-week low of INR 5.00.
Intraday move for HEERAISP.BO stock
The main fact is the intraday drop of 20.00% to INR 6.08 on 28 Jan 2026 on the BSE. Trade data shows volume at 24,066 versus an average of 5,805, implying short-term liquidity stress. The session range was INR 6.08 to INR 8.85, and the stock closed near session low.
Why HEERAISP.BO stock fell: news and sector context
Selling reflects weak small-cap sentiment in the Basic Materials steel segment and no company-specific positive triggers. Steel sector pressure, falling commodity margins, and absence of fresh earnings news likely amplified the move. We found no regulatory announcements from the company website source.
Fundamentals and valuation of HEERAISP.BO stock
Heera Ispat reports EPS of -1.17 and a trailing PE of -5.20, indicating losses on a per-share basis. Market cap stands at INR 35,767,424.00 and shares outstanding are 5,882,800.00, making float and liquidity limited for large block trades. Key balance metrics show negative book value per share of -0.95, and price-to-book of -6.37, pointing to stressed fundamentals.
Technical levels and trading signals for HEERAISP.BO stock
Technicals show RSI at 47.37, MACD histogram neutral, and ADX 33.91, implying a strong short-term trend. Short-term averages sit at 50-day 8.03 and 200-day 8.03, both above the current price, confirming downside bias. Immediate support lies at the intraday low INR 6.08 and the 52-week low INR 5.00.
Meyka AI rates HEERAISP.BO with a score out of 100 and forecast
Meyka AI rates HEERAISP.BO with a score of 62.76 out of 100 (Grade B, SUGGESTION: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a yearly price of INR 8.03, implying +32.06% from the current INR 6.08; forecasts are model-based projections and not guarantees. For more background we reference exchange quotes at BSE source.
Risks, liquidity and trade strategy for HEERAISP.BO stock
Major risks include continued negative EPS, thin free float, and poor balance-sheet signals such as negative tangible book value. Relative liquidity is low despite today’s volume spike, with average daily volume at 5,805.00 shares. For traders, we suggest tight stops, size control, and focus on intraday support and VWAP levels.
Final Thoughts
Key takeaways: HEERAISP.BO stock is an intraday top loser after a 20.00% collapse to INR 6.08 on 28 Jan 2026. Fundamentals show negative EPS of -1.17 and a price-to-book of -6.37, so downside remains plausible unless earnings improve. Technically, the stock trades below the 50-day and 200-day averages near INR 8.03, with immediate support at INR 6.08 and a hard support at INR 5.00. We note a surge in volume to 24,066.00 shares, which raises short-term volatility risk for holders.
Outlook and forecast: Meyka AI’s forecast model projects a yearly target of INR 8.03, implying +32.06% from INR 6.08, but this relies on improved earnings and sector recovery. Given current metrics and liquidity limits, we keep a cautious stance. Traders should size positions carefully, and longer term investors should wait for clearer improvements in EPS and book value before increasing exposure. Forecasts are model-based projections and not guarantees.
FAQs
Why did HEERAISP.BO stock drop 20% intraday?
HEERAISP.BO stock fell due to thin liquidity, a heavy volume spike of 24,066 shares, and weak sector sentiment in steel; there were no major positive company announcements to offset selling.
What are the key support and resistance levels for HEERAISP.BO stock?
Immediate support is the intraday low INR 6.08 and the 52-week low INR 5.00; resistance includes the session middle at INR 7.70 and the 50/200-day averages near INR 8.03.
What is Meyka AI’s view and forecast for HEERAISP.BO stock?
Meyka AI rates HEERAISP.BO 62.76/100 (Grade B, HOLD) and forecasts a yearly price of INR 8.03, implying +32.06% versus the current INR 6.08; forecasts are model-based and not guarantees.
Should investors buy HEERAISP.BO stock after this fall?
Given negative EPS -1.17, negative book value, and thin liquidity, we recommend caution; consider position sizing, waits for earnings improvement, and clear recovery signals before buying HEERAISP.BO stock.
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.
