EIGHTY.BO stock jumps 8.06% to INR 32.97 on BSE: short-term momentum to watch
EIGHTY.BO stock led local small-cap gainers on the BSE today, rising 8.06% to INR 32.97 on light volume of 3,000 shares as the market closed on 09 Jan 2026. Traders reacted to bargain valuation metrics — a trailing P/E of 8.77 and book value near INR 29.77 per share — while the Consumer Cyclical sector showed mixed momentum. We examine why the move mattered, what fundamentals support the spike, and how short-term technicals and Meyka AI forecasts frame trading decisions.
EIGHTY.BO stock performance today
EIGHTY.BO stock closed at INR 32.97 on the BSE, up 8.06% from a previous close of INR 30.51 on 09 Jan 2026. Volume was 3,000.00 versus an average of 11,400.00, signalling a sharp price move on below-average activity. The intraday range was flat as the stock opened and traded at INR 32.97 for the session.
Valuation and financials driving the move
Eighty Jewellers Limited (EIGHTY.BO) shows an EPS of INR 3.76 and a trailing PE of 8.77, with a market capitalisation of INR 336,268,976.00. Price-to-book stands at 1.11 and price-to-sales at 0.29, which supports the bargain narrative behind today’s gain. The company’s book value per share is INR 29.77, keeping the stock close to accounting value.
Technicals and near-term trading signals
Technically, momentum is mixed: RSI is 44.09, MACD is 0.43 with a signal of 0.57, and ADX reads 39.37 indicating a strong trend environment. Keltner channels place resistance near INR 37.02 and support near INR 28.64. The indicators warn of limited follow-through unless volume improves above average.
Sector context and peer references
Eighty Jewellers sits in the Consumer Cyclical sector, which has shown modest recent weakness with mixed rotation into value names. Broader jewellery trends, including demand shifts and product mix, are notable at global peers; for context see a jewellery retail analysis source and a peer comparison on BSE source.
Meyka AI grade and analyst view for EIGHTY.BO
Meyka AI rates EIGHTY.BO with a score out of 100: Score: 60.05 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The rating reflects attractive valuation but elevated inventory days and net-debt-to-EBITDA pressure; investors should use position sizing and watch volume for confirmation. Meyka AI is an AI-powered market analysis platform and provides this grade for informational purposes only.
Meyka AI’s forecast model projects short and long views
Meyka AI’s forecast model projects a monthly target of INR 33.36, quarterly INR 14.64, and yearly INR 17.93. Versus the current price of INR 32.97, the monthly forecast implies a +1.18% upside, the quarterly forecast implies -55.59%, and the yearly implies -45.63%. Forecasts are model-based projections and not guarantees; they highlight short-term mean reversion risks and longer-term downside under base-case cashflow stress.
Final Thoughts
EIGHTY.BO stock’s 8.06% jump to INR 32.97 on 09 Jan 2026 reflects an intraday re-rating driven by cheap valuation and a nearby book value floor. Key fundamentals—EPS INR 3.76, PE 8.77, PB 1.11, and market cap INR 336,268,976.00—support the view that the stock is inexpensive relative to earnings. Technicals show limited follow-through without higher volume; RSI 44.09 and ADX 39.37 caution traders to wait for confirmation above INR 37.02 (Keltner upper). Meyka AI’s forecast model projects only a small monthly upside (+1.18%) but material downside at quarterly and yearly horizons, signalling that short-term momentum trades may be preferable to buy-and-hold positions now. Our Meyka AI grade of 60.05 (B, HOLD) captures this balance: attractive valuation but operational and liquidity risks. Short-term traders can consider scaled entries with stop-losses near INR 29.00, while longer-term investors should await clearer earnings improvement or inventory cycle relief. For more live data, see the Meyka stock page for EIGHTY.BO and the peer comparison source. Forecasts are model-based projections and not guarantees.
FAQs
Is EIGHTY.BO stock a buy after today’s 8.06% gain?
EIGHTY.BO stock shows cheap valuation metrics but low volume and inventory risks. Meyka AI grades it B (HOLD). Short-term momentum exists, but buyers should use tight stops and wait for improved volume or earnings clarity before classifying it as a buy.
What are the key financials to watch for EIGHTY.BO stock?
Watch EPS (INR 3.76), trailing PE (8.77), book value per share (INR 29.77), inventory days (~199) and net-debt-to-EBITDA. These metrics drive valuation and the stock’s upside or downside.
How does Meyka AI forecast affect EIGHTY.BO stock outlook?
Meyka AI’s forecast model projects monthly INR 33.36 (+1.18% vs current) and yearly INR 17.93 (-45.63%). These projections are model-based and indicate short-term stability but material longer-term downside under base assumptions.
Which level should traders watch for momentum confirmation in EIGHTY.BO stock?
Traders should watch a breakout above INR 37.02 (Keltner upper) on rising volume for bullish confirmation, and use INR 29.00 as a tactical stop-loss zone.
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.
