ALSTONE.BO at INR 0.21 pre-market on 03 Jan 2026: heavy volume merits watch
ALSTONE.BO (Alstone Textiles (India) Ltd) is trading at INR 0.21 pre-market on 03 Jan 2026 after an intraday drop of -8.70% on heavy volume of 204062775.00 shares. The move follows low recent averages (50-day INR 0.33, 200-day INR 0.52) and leaves the stock near its 52-week low of INR 0.22 on the BSE in India. We open this pre-market note with a market-activity focus: high turnover and oversold technicals increase short-term volatility while fundamentals show a stretched balance sheet.
Market snapshot: most-active pre-market trading
ALSTONE.BO opened at INR 0.22 and is quoted at INR 0.21 pre-market on 03 Jan 2026, down INR 0.02 from the previous close of INR 0.23. Volume is elevated at 204062775.00 versus an average volume of 45859833.00, giving a relative volume of 2.56, which explains its placement among most active names on the BSE. The sharp activity is driven by liquidity trades rather than fresh earnings, according to public filings and market feeds including Bloomberg and Investing.com India.
Fundamentals: weak liquidity and high leverage
Alstone Textiles (India) Ltd shows market cap INR 1380456000.00 and shares outstanding 6274800000.00. Key ratios: EPS is -0.01, reported PE is -22.00, book value per share INR 1.05, and price to book ratio 0.21. The company has a debt to equity ratio of 2.16 and a current ratio of 0.27, indicating tight short-term liquidity. These figures contrast with the Industrials sector average price to book of 3.47, highlighting valuation and balance-sheet divergence.
Technical view: oversold but volatile setup
Momentum indicators are oversold: RSI 28.24 and CCI -149.63, while MACD sits at -0.03 with a neutral histogram. Bollinger Bands show upper band INR 0.33, middle INR 0.30, and lower INR 0.26, and ATR is INR 0.02, signalling compressed but volatile moves. On this pre-market session the stock is vulnerable to gap moves; traders note Williams %R at -100.00 and ADX 21.45 which points to a developing trend rather than a mature directional move.
Meyka grade and model forecasts
Meyka AI rates ALSTONE.BO with a score out of 100: total score 53.63, grade C+ and 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 target of INR 0.61, a monthly near-term level of INR 0.20 and a quarterly projection of INR 0.07. Versus the current price INR 0.21, the 12-month model implies an upside of 192.80%. Forecasts are model-based projections and not guarantees.
Valuation and risks
At current price INR 0.21 the stock trades substantially below book value per share INR 1.05, giving price to book 0.21 but with weak working capital (working capital -10383470000.00) and enterprise value over EBITDA near 412.59 which signals stretched operating metrics. Major risks include high debt-equity 2.16, negative EPS and low current ratio 0.27; operational disclosure is limited and free cash flow per share is 0.00, increasing event risk for holders.
Trading implications and catalysts
For the most-active pre-market trader the key catalysts are volume-driven re-pricing, promoter or block-trades, and any corporate filings on receivables or debt restructuring. Short-term setups favor mean-reversion traders seeking a bounce to INR 0.30 or momentum players betting on continued turnover. Analysts watching ALSTONE.BO should track daily volume, exchange filings and the next earnings announcement date 15 Aug 2025 for formal triggers.
Final Thoughts
ALSTONE.BO (Alstone Textiles (India) Ltd) is a high-volume, high-risk name in the pre-market on 03 Jan 2026 trading at INR 0.21 after a -8.70% move on outsized volume 204062775.00. Fundamentals show low liquidity (current ratio 0.27), elevated leverage (debt to equity 2.16) and negative EPS -0.01, while valuation (PB 0.21) leaves room for upside if balance-sheet issues are resolved. Meyka AI rates the stock C+ (score 53.63) with a HOLD suggestion and models a 12-month forecast of INR 0.61, implying 192.80% upside from the current price; this is a model output, not a guarantee. Short-term traders can exploit the oversold technicals (RSI 28.24) but must manage risk around corporate disclosures and thin fundamentals. Long-term investors should wait for signs of operating cash flow recovery or a credible debt plan before adding exposure. Meyka AI, our AI-powered market analysis platform, flags ALSTONE.BO as a name where activity drives opportunity and risk in equal measure.
FAQs
ALSTONE.BO is trading at INR 0.21 pre-market on 03 Jan 2026, down -8.70% from the previous close of INR 0.23 with volume 204062775.00 indicating heavy trading.
Meyka AI rates ALSTONE.BO score 53.63 out of 100 with grade C+ and suggestion HOLD. The grade reflects benchmark and sector comparisons, financials, and forecasts and is informational, not investment advice.
Meyka AI’s forecast model projects a 12-month target of INR 0.61 versus current INR 0.21, implying about 192.80% upside; monthly and quarterly projections are INR 0.20 and INR 0.07 respectively. Forecasts are model-based and not guarantees.
Key risks include low current ratio 0.27, high debt to equity 2.16, negative EPS -0.01, and limited operating cash flow. Elevated turnover can amplify losses for short-term traders.
Recent profile and management notes are available via major financial outlets such as [Bloomberg](https://www.bloomberg.com) and regional listings on [Investing.com India](https://in.investing.com) for background and filings.
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.
