STML.BO Steelman Telecom down 9.42% pre-market 03 Jan 2026: what analysts watch next
We start with the key fact: STML.BO (Steelman Telecom Limited) is down 9.42% pre-market on 03 Jan 2026 after opening at INR 96.35 and trading near INR 94.20. The move follows weak near-term momentum versus the 50‑day average of INR 105.67 and 200‑day average of INR 131.99. Trading volume is elevated at 7,200 shares versus an average of 4,731, signalling higher participation in the sell-off. Below we break down fundamentals, technicals, a Meyka grade, price forecasts and risk factors for investors tracking this BSE-listed telecom equipment name.
Pre-market price action and immediate drivers
STML.BO opened at INR 96.35 on 03 Jan 2026 and is trading at INR 94.20, down INR 9.80 or 9.42% from the previous close of INR 104.00. One-sided selling has pushed the stock toward its 52‑week low band (year low INR 88.00) while the year high remains INR 180.00. The stock’s relative volume is 1.52x, showing above-average participation in this early session.
Fundamentals snapshot: earnings, balance sheet and valuation
Steelman Telecom reports trailing EPS of -0.83 and a negative PE ratio (PE -113.49) which reflect recent losses; revenue per share is INR 238.67. Key balance sheet ratios show debt‑to‑equity at 2.44 and a current ratio of 1.03, indicating leverage and tight near‑term liquidity. Valuation multiples include price‑to‑sales 0.39 and price‑to‑book 2.61, implying a mixed picture of low sales multiple but stretched book valuation.
Technical read: momentum, support and resistance
Momentum indicators are muted: RSI 46.10 and ADX 13.01 (no clear trend). Bollinger bands sit at Upper INR 108.43, Middle INR 98.10 and Lower INR 87.76, placing price close to the lower band. Short‑term support is near the year low of INR 88.00 and immediate resistance aligns with the 50‑day average INR 105.67. On‑balance volume is negative (OBV -91,200), consistent with distribution.
Meyka grade and what it means
Meyka AI rates STML.BO with a score of 58 out of 100 — Grade C, HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics and analyst consensus. The grade reflects stretched leverage, negative EPS, but modest valuation by price‑to‑sales and pockets of asset backing; grades are model outputs and not financial advice.
Meyka AI’s forecast model and price targets
Meyka AI’s forecast model projects a monthly target of INR 83.85 and a 12‑month target of INR 130.46. Compared with the current price of INR 94.20, the monthly figure implies an implied downside of -11.00% and the 12‑month projection implies an upside of +38.50%. Forecasts are model‑based projections and not guarantees.
Sector context, catalysts and key risks
Steelman Telecom sits in Communication Services and competes in telecom equipment and fibre‑optic tools where the sector average P/E is ~29.86; STML.BO’s negative earnings and high debt pose sector‑relative risk. Catalysts would include order wins or margin recovery; risks include slower capex by telcos, receivable buildup (DSO ~62 days) and refinancing pressure from high debt ratios.
Final Thoughts
Key takeaways for STML.BO stock: price action on 03 Jan 2026 shows a sharp pre‑market drop to INR 94.20, pressured by below‑average momentum and elevated selling volume. Fundamentals remain mixed — negative EPS (‑0.83), high debt‑to‑equity 2.44 and tight liquidity (current ratio 1.03) offset by a low price‑to‑sales of 0.39 and tangible book value per share INR 36.35. Meyka AI’s model gives a short‑term view toward INR 83.85 (monthly) and a 12‑month projection of INR 130.46, indicating divergent outcomes: an immediate downside risk of about -11.00% but potential 38.50% upside over a year if operational recovery occurs. Given leverage and weak cash flow metrics, the Meyka C grade and HOLD stance reflects that STML.BO may suit risk‑aware investors who monitor order flow and balance sheet improvements closely. We will track BSE trading, volume trends and any company updates that could change the technical and fundamental outlook. For related market context see financial headlines on Yahoo Finance Singapore and real‑time data sources at Yahoo Finance Singapore.
FAQs
STML.BO fell 9.42% pre‑market to INR 94.20 on 03 Jan 2026 due to weak momentum, heavier volume (7,200 shares vs avg 4,731) and technical pressure near the lower Bollinger band; fundamentals like negative EPS and high debt likely amplified selling.
Key risks include negative trailing EPS (‑0.83), high debt‑to‑equity at 2.44, tight liquidity (current ratio 1.03) and a cash conversion cycle of about 42 days that could strain cash flows if receivables or capex needs rise.
Meyka AI’s model projects a monthly target of INR 83.85 (implied downside ~‑11.00%) and a 12‑month target of INR 130.46 (implied upside ~+38.50%) versus the current INR 94.20; forecasts are projections, not guarantees.
Investors should weigh the Meyka Grade C (58/100) and HOLD view against their risk tolerance; STML.BO shows valuation support but high leverage and negative earnings, so evidence of order wins or cash‑flow improvement should guide new purchases.
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.
