DRA.BO up 5.40% intraday on 06 Jan 2026: watch INR 24.00 as 12‑month target
DRA.BO climbed 5.40% intraday to INR 18.74 on 06 Jan 2026 on the BSE as a short‑covering bounce lifted the Engineering & Construction name. Volume was 10,000 shares versus an average of 11,750, suggesting measured buying rather than a heavy breakout. Traders cited tight valuation metrics — PE 7.71 and PB 0.63 — and an attractive EPS of INR 2.43 as reasons for the uptick. Meyka AI, our AI‑powered market analysis platform, flagged the move as a technical relief rally with visible support near INR 17.78
Intraday price action and drivers
DRA Consultants Limited (DRA.BO) opened at INR 17.78 and hit a day high of INR 18.74, up INR 0.96 or 5.40% on 06 Jan 2026. The day’s volume was 10,000 compared with an average volume of 11,750, so the rise reflects selective demand. Price averages show a 50‑day mean of INR 18.60 and a 200‑day mean of INR 23.59, indicating the stock remains below longer‑term trend levels despite today’s gain.
Fundamentals snapshot
DRA Consultants trades at PE 7.71 with EPS INR 2.43 and market cap INR 205,577,800. Key ratios: price/book 0.63, price/sales 0.92, and current ratio ~5.98. The company reports book value per share INR 29.89 and cash per share INR 3.60, giving a strong balance sheet and near‑zero debt. These metrics help explain investor interest given the stock’s year low INR 14.13 and year high INR 39.70.
Technicals, volume and Meyka grade
Short term indicators show neutral momentum: RSI 54.29 and MACD histogram +0.30. Bollinger middle band sits at INR 16.90 with upper band INR 19.20, so the stock is testing the upper band intraday. Meyka AI rates DRA.BO with a score out of 100: 59.38 | Grade: C+ | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. KEEP REMEMBER: These grades are not garantueed and we are not financial advisors.
Sector context and peer comparison
DRA operates in Industrials — Engineering & Construction — where the sector average PE is ~36.69. On a relative basis DRA.BO’s PE 7.71 and PB 0.63 mark it as a value‑oriented small cap. The Industrials sector has seen mixed short‑term performance; broader capital expenditure cycles and infrastructure demand will matter for contract flow and revenue visibility.
Risk factors and catalysts
Primary risks: long receivable cycle (days sales outstanding 204.23) and concentrated contract exposure typical for small engineering consultancies. Catalysts include fresh municipal or energy efficiency project awards, improved working capital turnover, or a re‑rating driven by margin expansion. Watch liquidity: average daily volume 11,750 shares means moves can be amplified by modest flows.
Valuation highlights and practical trade levels
Valuation is attractive on fundamentals: EV/EBITDA ~3.47 and a Graham number INR 40.61 indicating potential upside if growth confidence returns. Near‑term support sits at INR 17.78 (today’s open) and resistance cluster around INR 19.20–INR 23.59 (50/200‑day context). For traders, a stop below INR 17.00 limits downside; for investors, re‑entry around INR 15.00–INR 17.00 improves margin of safety.
Final Thoughts
Key takeaways: DRA Consultants Limited (DRA.BO) posted a 5.40% intraday gain to INR 18.74 on 06 Jan 2026 on BSE, driven by selective buying, tight valuation and an EPS of INR 2.43. Fundamentals remain solid: PE 7.71, PB 0.63, current ratio 5.98 and near‑zero net debt, but long receivables and low average volume add execution risk. Meyka AI’s forecast model projects a 12‑month target of INR 24.00 versus the current INR 18.74, an implied upside of 28.07%. Forecasts are model‑based projections and not guarantees. Our view frames DRA.BO as a value small cap with a C+ Meyka grade (59.38) — appropriate for selective exposure or longer‑term watchlists, while traders may prefer to wait for confirmed volume pickup above INR 19.50
FAQs
The intraday 5.40% rise to INR 18.74 reflected selective buying against low liquidity, attractive valuation (PE 7.71), and short‑covering. Volume of 10,000 was below the 11,750 average, so the move looks like a technical relief rally rather than a large institutional repositioning.
Meyka AI rates DRA.BO with a score out of 100: 59.38 | Grade: C+ | Suggestion: HOLD. The grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational and not guarantees.
Key metrics: price INR 18.74, EPS INR 2.43, PE 7.71, PB 0.63, market cap INR 205,577,800, book value per share INR 29.89, and current ratio 5.98. These indicate a conservative balance sheet and value pricing.
Meyka AI’s model projects a 12‑month target of INR 24.00 versus current INR 18.74, implying an upside of 28.07%. This is a model‑based projection and not a guarantee; monitor contract wins and working capital improvements.
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.
