Why did RMDRIP.NS stock fall sharply today?

RMDRIP.NS stock fell **35.99%** intraday likely due to profit‑taking after stretched multiples, negative technical momentum and concentrated selling. High PE and PB made the stock vulnerable once sentiment rotated away from valuation.

What is the nearest technical support on RMDRIP.NS stock?

The nearest technical support is the 200‑day average at **INR 75.83**. If that fails, the stock’s year low **INR 33.10** becomes a longer‑term reference, though such a move would need large volume.

How does Meyka AI view RMDRIP.NS stock performance?

Meyka AI rates RMDRIP.NS **69.42/100 (Grade B, HOLD)** and its model projects a yearly level of **INR 140.42**, implying **~79.25%** upside from current prices. Forecasts are model projections, not guarantees.

Should intraday traders buy RMDRIP.NS stock after today’s fall?

Intraday traders may consider small, disciplined entries only if volume confirms a reversal and price holds above **INR 75.83**. Use tight stops and limit exposure because volatility and valuation risk remain high.

IN Stocks

RMDRIP.NS down 35.99% to INR 78.36 on NSE: Monitor support near INR 75.83

ByDanny Kontos February 26, 2026February 26, 2026

RMDRIP.NS stock plunged 35.99% intraday to INR 78.36 on the NSE on 26 Feb 2026, after a sharp sell-off from a previous close of INR 122.43. This move makes R M Drip & Sprinklers Systems Ltd. (RMDRIP.NS) one of today’s top losers on the India market. The drop pushes the share price near its 200-day average of INR 75.83 and raises questions on valuation, liquidity and near-term technical support for this Agricultural – Machinery company listed on NSE in India.