8.84 INR HINDNATGLS.NS Hindusthan Glass (NSE) 16 Jan intraday: Oversold bounce
HINDNATGLS.NS stock is trading at INR 8.84 intraday on 16 Jan 2026, sitting at its year low of INR 8.84 and down sharply versus longer-term averages. This extreme weakness leaves the share in an oversold setup that can produce a fast bounce as traders test liquidity and short-covering. Volume is elevated at 67,344 versus an average of 36,327 (rel. vol 1.85x), which supports a tactical intraday rebound strategy for active traders while fundamental risks remain material.
Intraday technical snapshot for HINDNATGLS.NS stock
Price is unchanged at INR 8.84 on the NSE with the session range locked at the same figure, highlighting low intra-minute movement but higher traded quantity. The stock sits 39.56% below its 50-day average (INR 14.63) and 53.78% below its 200-day average (INR 19.14), a classic oversold distance that often precedes sharp short-term rebounds.
Why an oversold bounce matters for HINDNATGLS.NS stock
When price falls this far below moving averages and daily volume spikes to 1.85x average, short-covering and opportunistic buying can push prices up quickly. For intraday traders the setup is: look for a clear volume-based reversal, small stop loss, and partial profit-taking as price approaches the 50-day average near INR 14.63.
Fundamentals and risk signals for HINDNATGLS.NS stock
Fundamentals show stress: EPS -2.05, PE -4.31, and negative book value per share (-INR 89.88). Liquidity ratios are weak with a current ratio of 0.38, and working capital is deeply negative, which raises medium-term solvency questions.
Meyka AI grade and model forecast for HINDNATGLS.NS stock
Meyka AI rates HINDNATGLS.NS with a score of 58.22 out of 100 (Grade C+, HOLD). This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. Meyka AI’s forecast model projects a yearly target of INR 21.11, implying an upside of 138.70% from INR 8.84; forecasts are model-based projections and not guarantees.
Practical trade plan and price targets for HINDNATGLS.NS stock
For an intraday oversold-bounce strategy we suggest defining a tight risk: entry on confirmed range expansion above INR 9.40, stop loss near INR 8.20, and an initial profit target at INR 12.50 (approx 41.41% from current price). A medium-term target aligned with Meyka AI’s model is INR 21.11, but this requires improving fundamentals and market confidence.
Sector context and catalysts that could move HINDNATGLS.NS stock
Hindusthan National Glass operates in the Consumer Cyclical Packaging & Containers industry, which has seen 1M weakness of -2.59% in the sector and mixed demand trends. Catalysts that could lift the stock include improved beverage and pharma container demand, cost control evidence, or positive quarterly updates; negative surprises on cash flow would deepen the sell-off.
Final Thoughts
HINDNATGLS.NS stock is a textbook intraday oversold candidate at INR 8.84 on 16 Jan 2026. Elevated volume (67,344) and price sitting well below the 50- and 200-day averages create a short-term bounce opportunity for disciplined traders. Our tactical plan targets INR 12.50 as the first take-profit (approx 41.41% upside) and uses a strict stop near INR 8.20 to limit downside risk. For investors with a longer horizon, Meyka AI’s forecast model projects INR 21.11 over roughly one year, an implied upside of 138.70%, but that view depends on a material recovery in fundamentals and balance-sheet repair. Remember that earnings quality is weak (EPS -2.05) and the company reports negative equity metrics, so any position should be size-limited and part of a diversified approach. We use this analysis as a tactical playbook for intraday oversold bounces, not as investment advice. For company filings and market data see the HNGIL website and the NSE quote page. Meyka AI provides this as an AI-powered market analysis platform and our models are projections, not guarantees.
FAQs
Is HINDNATGLS.NS stock a buy on this intraday oversold bounce?
HINDNATGLS.NS stock can be a tactical buy for active intraday traders if a clear volume-backed reversal appears, with tight stops. Long-term investors should be cautious due to negative EPS and weak liquidity.
What are realistic price targets for HINDNATGLS.NS stock?
Short-term intraday target is INR 12.50 (~41.41% upside). Meyka AI’s model projects INR 21.11 over a year, implying 138.70% upside; forecasts are model-based and not guarantees.
What key risks affect HINDNATGLS.NS stock outlook?
Major risks for HINDNATGLS.NS stock include negative book value, low current ratio (0.38), weak working capital, and dependency on cyclical demand in packaging markets. Monitor cash flow and quarterly updates closely.
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.
