SHRENIK.NS falls 6.38% to INR 0.44 on 02 Jan 2026 market closed: earnings due 07 Jan could reshape outlook
SHRENIK.NS stock opened lower and closed down 6.38% at INR 0.44 on 02 Jan 2026 as volume came in at 1,300,397 shares on the NSE in India. The move comes ahead of Shrenik Limited’s scheduled earnings announcement on 07 Jan 2026 and reflects investor caution: EPS stands at -0.04 and P/E reads -11.25, leaving fundamentals frail and the upcoming result a likely catalyst for near-term price action.
Earnings calendar and what the market expects
Shrenik Limited (NSE: SHRENIK.NS) reports results on 07 Jan 2026; the market priced in caution after today’s close at INR 0.44. Last reported EPS is -0.04 and the quoted P/E is negative at -11.25, so investors will watch revenue trends, working capital swings and any guidance for FY2026 closely.
Price action and technical picture
SHRENIK.NS fell 6.38% to INR 0.44 with a day range INR 0.43–0.46 and relative volume 1.28; 50-day average is INR 0.53 and 200-day average is INR 0.58. Technical indicators show RSI 40.95 (weak), MACD -0.01 (flat) and CCI -136.11 (oversold), suggesting limited upside without positive earnings news.
Fundamentals and valuation snapshot
Shrenik Limited has market cap INR 275,400,000.00 and shares outstanding 612,000,000.00. Key ratios highlight stress: book value per share INR -2.88, price to sales 1.16, EV/Revenue 6.38 and current ratio 0.01, indicating tight liquidity and negative equity metrics that increase earnings risk.
Meyka AI stock grade and analyst context
Meyka AI rates SHRENIK.NS with a score of 42 out of 100 — Grade C, suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The score reflects weak liquidity, negative book value and an upcoming earnings date; grades are not guaranteed and we are not financial advisors.
Earnings preview: key items to watch on 07 Jan 2026
Watch revenue per share (current 0.39 TTM), gross margin trends (gross margin TTM -3.47%) and cash conversion metrics given a days payables outstanding of 764.59; management commentary on receivables, payables and working capital will be decisive for short-term guidance and risk to leverage.
Price targets, Meyka forecasts and risk-reward
Meyka AI’s forecast model projects monthly INR 0.42, quarterly INR 0.35 and yearly INR 0.96. Versus the current INR 0.44 these imply short-term downside of -4.55% (monthly) and -20.45% (quarterly), but a 118.04% implied upside to the 12-month model target of INR 0.96; forecasts are model-based projections and not guarantees.
Final Thoughts
Key takeaways on SHRENIK.NS stock: market closed at INR 0.44 on 02 Jan 2026 after a 6.38% drop, reflecting earnings risk ahead of 07 Jan 2026. Fundamentals show strained liquidity and a negative book value per share INR -2.88, which elevates downside risk if revenue or margins disappoint. Technicals (RSI 40.95, oversold CCI) leave the stock vulnerable but mean reversion is possible if the company posts constructive guidance. Meyka AI’s model projects a 12-month figure of INR 0.96, implying 118.04% upside from INR 0.44, while shorter-term forecasts point to modest downside; these illustrate a wide risk-reward band. Traders should treat positions as speculative, monitor the earnings release closely, and factor in sector comparatives in Basic Materials on the NSE. For company details visit the Shrenik Limited website. Forecasts are model-based projections and not guarantees.
FAQs
Shrenik Limited is scheduled to announce earnings on 07 Jan 2026; the report matters because weak EPS (currently -0.04) and tight liquidity metrics could drive sharp intraday moves on the NSE and update guidance for FY2026.
Primary risks include disappointing revenue, continued negative margins (gross margin TTM -3.47%), tight current ratio 0.01, and large payables that could strain cash flows and push the stock lower if management gives weak guidance.
Meyka AI rates SHRENIK.NS 42/100 (Grade C, HOLD) based on benchmark comparison, sector metrics, financial health and analyst context; this is an analytical score, not investment advice, and should be one input among your own research.
Near-term scenarios: downside target INR 0.35 (bear), base support near INR 0.42 and a 12-month model-based upside target INR 0.96; use strict risk controls because fundamentals remain weak.
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.
