MUKATPIP.BO Mukat Pipes Limited BSE up 29.72% on 16 Jan 2026: near-term resistance INR 20.70
MUKATPIP.BO stock surged 29.72% intraday on 16 Jan 2026, trading at INR 16.98 on the BSE in India after a strong opening at INR 14.00. This top-gainer move lifted volume to 77,038 shares versus an average volume of 5,257, signalling active short-term demand. Intraday traders should note the high near-term volatility: the stock hit a day low of INR 13.90 and a day high of INR 16.98 while the year high remains INR 20.70.
Intraday summary: MUKATPIP.BO stock jumps on high volume
MUKATPIP.BO stock is the day’s top gainer on the BSE, up 29.72% with price at INR 16.98. The move follows an opening gap from the previous close of INR 13.09 and a session range INR 13.90–16.98.
Trading intensity is clear: volume of 77,038 is nearly 15.00x the average daily volume (avg 5,257), indicating heavy intraday participation and short-term repositioning by traders.
Drivers and news context: MUKATPIP.BO stock intraday catalysts
There is no formal earnings or management announcement timed to this spike, and no public regulatory filing was released during the session. The stock’s move looks driven by short-covering and momentum flows rather than fresh fundamental news.
For company background, Mukat Pipes Limited manufactures longitudinal and helical pipes and is listed on the BSE in India. See the company site for filings and product details: Mukat Pipes website. Market participants can also check BSE listing details: BSE quote for Mukat Pipes.
Valuation and financials: MUKATPIP.BO stock metrics
Mukat Pipes (MUKATPIP.BO) shows market cap INR 167,394,500.00 with trailing EPS -0.46 and PE -30.76, reflecting negative earnings. Price-to-sales is 4.70 and price-to-book is -2.26, signaling a mixed value picture.
Liquidity and balance-sheet signals: current ratio is 1.14, cash per share INR 0.97, and shares outstanding 11,830,000.00. Year range is INR 11.80–20.70, 50-day average price INR 13.77 and 200-day average INR 15.75, suggesting recent strength above the 50-day average.
Technical outlook and trading setup: MUKATPIP.BO stock technicals
Technical indicators point to neutral to mildly bullish intraday momentum. RSI is 52.21, MACD histogram is 0.04, and ADX is 19.76 indicating no strong trend yet.
Key intraday levels: support near the session low INR 13.90 and the 50-day moving average INR 13.77. Immediate resistance sits at the year high INR 20.70. A conservative short-term price target for momentum traders is INR 18.50; a break above INR 20.70 would open further upside.
Meyka grade and forecast: MUKATPIP.BO stock score and model view
Meyka AI rates MUKATPIP.BO with a score of 63.22 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Meyka AI’s forecast model projects a yearly price of INR 15.94 versus the current INR 16.98, implying an expected downside of -6.12%. Shorter-term model outputs: monthly INR 11.80 and quarterly INR 5.55, highlighting model sensitivity to volatility. Forecasts are model-based projections and not guarantees.
Risks and sector context: MUKATPIP.BO stock risks and opportunities
Mukat Pipes sits in the Industrials sector on BSE, where the sector average PE is 35.55, making Mukat’s negative PE a divergence from peers. The company’s operating margin and negative EPS create execution risk for long-term investors.
Upside catalysts include stronger order flow in industrial piping or margin expansion. Key risks are weak earnings, negative operating profit margins, and a small employee base of 40 which limits scale. Traders should manage position size given the sharp intraday moves.
Final Thoughts
MUKATPIP.BO stock led intraday gains on 16 Jan 2026, closing at INR 16.98 after a 29.72% jump on heavy volume. The move reflects short-term momentum and repositioning rather than a clear fundamental catalyst. Valuation metrics show EPS -0.46, PE -30.76, price-to-sales 4.70, and price-to-book -2.26, underscoring earnings weakness despite the rally. Technically, the stock trades above the 50-day average (INR 13.77) with resistance at the year high INR 20.70 and a practical short-term target of INR 18.50 for momentum traders. Meyka AI rates the stock 63.22/100 (Grade B, HOLD) and its forecast model projects INR 15.94 over 12 months, an implied downside of -6.12% from today’s price. Traders should balance momentum strategies with risk controls; long-term investors should wait for consistent earnings recovery or clearer sector tailwinds before scaling positions. Meyka AI is an AI-powered market analysis platform providing the above model-based views and data-driven insights.
FAQs
What caused the intraday rise in MUKATPIP.BO stock on 16 Jan 2026?
The spike appears driven by momentum and short-covering rather than a specific earnings release. Volume climbed to 77,038 versus average 5,257, indicating aggressive intraday trading rather than confirmed fundamental news.
How does Meyka AI grade MUKATPIP.BO stock and what does it mean?
Meyka AI rates MUKATPIP.BO 63.22/100 (Grade B, HOLD). The grade blends benchmark, sector, financials, key metrics and forecasts. It is informational only and not personalized investment advice.
What are the key valuation metrics for MUKATPIP.BO stock?
Key metrics: price INR 16.98, EPS -0.46, PE -30.76, P/S 4.70, P/B -2.26, market cap INR 167,394,500.00. These reflect negative earnings with mixed valuation signals.
What is the Meyka AI price forecast for MUKATPIP.BO stock?
Meyka AI’s forecast model projects a 12-month price of INR 15.94, an implied downside of -6.12% from INR 16.98. Forecasts are model-based projections and not guarantees.
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.
