GANDHAR.NS up 9.91% on 06 Jan 2026 market closed: volume 45.78M signals momentum
GANDHAR.NS stock jumped to INR 166.80 on 06 Jan 2026 as trading closed, driven by a large intraday volume surge of 45.78M shares. The move lifted the stock 9.91% from the previous close of INR 151.76 on the NSE in India. Volume was nearly 197.0x the stock’s average daily volume, a classic volume spike that points to fresh institutional or block activity. We use price action, technical indicators, and fundamentals to explain the move and outline near-term scenarios for Gandhar Oil Refinery (India) Limited (GANDHAR.NS). Meyka AI provides the model forecast and grade below.
GANDHAR.NS stock: intraday volume spike and price action
Today GANDHAR.NS stock closed at INR 166.80, up 9.91%, with a day high of INR 177.79 and low of INR 152.51. Volume reached 45.78M, compared with an average volume of 0.23M, producing a relative volume of 196.63. The combination of fresh buying and a wide intraday range pushed the price above the 50-day average of INR 137.06 and the 200-day average of INR 150.68.
GANDHAR.NS stock: technical read on momentum and overbought signals
Technicals show strong momentum but overbought readings. RSI stands at 78.75, MACD histogram is positive at 2.08, and ADX reads 36.64, indicating a strong trend. Bollinger Bands upper band sits near INR 166.86, aligning with today’s late spike.
GANDHAR.NS stock: fundamentals and valuation snapshot
Gandhar Oil Refinery (India) Limited reports EPS INR 9.39 and a trailing PE of 17.76. Key ratios include price-to-book 1.32 and current ratio 2.48, showing a conservative balance sheet. Market cap is approximately INR 16.33B, and return on equity is 7.40%. The company operates in Energy, focused on white oils, lubricants and specialty products with diversified end markets.
GANDHAR.NS stock: Meyka AI grade and model forecast
Meyka AI rates GANDHAR.NS with a score out of 100: 59.82 | Grade C+ | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12-month value of INR 140.72 compared with the current price of INR 166.80, implying a model-based downside of 15.64%. Forecasts are model-based projections and not guarantees.
GANDHAR.NS stock: price targets, scenarios and trading strategy
For traders, a short-term technical target on continued momentum is INR 185.00. A conservative 6-12 month target based on fundamentals and sector multiples is INR 130.00. Use staged entries and stop losses given the overbought technicals. Volume-led breakouts that hold above INR 160.00 increase the odds of a run to the bullish target. Failure to hold INR 150.00 would favor the cautious target.
GANDHAR.NS stock: risks, catalysts and sector context
Key upside catalysts include renewed institutional buying, higher specialty oil margins, and stronger export demand. Risks include commodity price swings, lower margins in refining mixes, and a wider market sell-off. In India’s Energy sector, peers trade at an average PE near 22.98, so Gandhar’s current PE of 17.76 offers valuation support but limited margin for sector re-rating. Monitor inventory and receivable cycles; days sales outstanding is 68.55.
Final Thoughts
The volume spike that lifted GANDHAR.NS stock to INR 166.80 on 06 Jan 2026 is a clear short-term momentum signal. Technical momentum is strong, with RSI 78.75 and ADX 36.64, but these same indicators flag overbought conditions that raise the probability of a pullback. Meyka AI’s forecast model projects INR 140.72 over a 12-month horizon, implying -15.64% from today’s close; this underpins our C+ / HOLD grade. Traders who prefer momentum setups can target INR 185.00 with strict stops near INR 150.00. Longer-term investors should weigh the company’s PE 17.76, book value per share INR 137.25, and working capital strength before adding exposure. All forecasts are model-based projections and not guarantees, and active monitoring of volume and margin trends is essential for any position in GANDHAR.NS stock.
FAQs
The volume spike to **45.78M** shares likely reflects large-scale buying or block trades. Price moved to **INR 166.80**, breaking above the 50-day average. Market participants should check filings and broker notes for confirmed triggers.
Meyka AI’s forecast model projects **INR 140.72** for GANDHAR.NS stock over 12 months. That implies a model-based downside of **15.64%** versus the current price. The model is a projection and not a guarantee.
Short-term traders can use **INR 185.00** as a bullish target and place a stop near **INR 150.00**. A break below **INR 150.00** would reduce the odds of sustained upside.
Long-term investors should compare the PE **17.76**, book value **INR 137.25**, and sector outlook. Given Meyka AI’s **C+ / HOLD** grade, consider waiting for a pullback or clearer margin improvement before adding.
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.
