What drove SOMICONVEY.NS stock higher on 09 Feb 2026?

Heavy buying pushed SOMICONVEY.NS stock up **31.44%** to **INR 119.19** on strong volume of **107,403**. Traders cited rebound buying ahead of the 12 Feb 2026 earnings announcement and short-covering after recent weakness.

What valuation metrics matter for SOMICONVEY.NS stock?

Key metrics: trailing PE **26.14**, EPS **INR 3.80**, Price/Book **1.49**, market cap **INR 1,170,073,230.00**, and book value per share **INR 66.70**. These indicate modest valuation versus some industrial peers.

How does Meyka AI view SOMICONVEY.NS stock and its forecast?

Meyka AI rates SOMICONVEY.NS **66.23/100 (Grade B, HOLD)**. Meyka AI's forecast model projects a 1-year price of **INR 209.43**, implying **75.74%** upside. Forecasts are model outputs, not guarantees.

What are the main risks for investors in SOMICONVEY.NS stock?

Major risks include long inventory days (**206.80**), a long cash conversion cycle (**234.00** days), low average liquidity (**13,780** shares), and sector cyclicality tied to cement and mining demand.

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SOMICONVEY.NS jumps 31.44% to INR 119.19 on 09 Feb 2026: top gainer insight

ByHuzaifa Zahoor February 9, 2026

Somi Conveyor Beltings Limited (SOMICONVEY.NS stock) led the top gainers on 09 Feb 2026, surging 31.44% to INR 119.19 as volume jumped to 107,403 shares in a market-closed session on the NSE in India. The move followed heavy buying after the stock opened at INR 112.00 and hit an intraday high of INR 119.19. Key drivers include a rebound from the 52-week low area and relief buying ahead of the company’s earnings announcement scheduled for 12 Feb 2026. We break down valuation, technicals, Meyka AI grade, and forecasts for traders and investors.