BSE:SHALPRO.BO INR 0.49 on 02 Jan 2026: oversold bounce aims at INR 0.60

The share price of SHALPRO.BO closed at INR 0.49 on 02 Jan 2026 after a low–volatility session with 147,659 shares traded, signalling a potential oversold bounce on the BSE in India. The stock sits near its year low of INR 0.49 and below the year high of INR 0.60, making a short-term mean reversion trade plausible. We examine valuation ratios, technical compression and catalysts that could trigger a bounce while framing risk controls for traders and investors.

Price action and market context

SHALPRO.BO finished the session at INR 0.49 with a day low and high both at INR 0.49, and volume of 147,659 versus an average volume of 139,250. Price averages for 50- and 200-day are both INR 0.49, indicating a prolonged flat trend. The stock’s year high is INR 0.60, giving visible resistance for an oversold bounce; sector tech peers show higher volatility and valuation, which may limit broad-sector lift.

Fundamentals and valuation

The company reports EPS of -0.01 and reported PE in raw quote data at -49.0, while price-to-book is 0.479, signalling stock price below book value. Current ratio stands at 6.03 and cash per share is INR 0.024, but working capital and inventory metrics are stretched (days inventory 7,122). Sector average PB is about 4.73 for Technology, so SHALPRO.BO trades materially cheaper on PB but carries operational concerns.

Meyka grade and model forecast

Meyka AI rates SHALPRO.BO with a score of 55/100 (C+: 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 1-year price of INR 0.46257 versus the current INR 0.49, an implied downside of about 5.6%; forecasts are model-based projections and not guarantees.

Technical setup and trade plan

Technicals show compressed indicators: Bollinger Bands and moving averages at INR 0.49, and apparent low momentum with tiny trading range. For an oversold bounce, watch a breakout above INR 0.55 on volume above 200,000 as the first validation; short-term target is INR 0.60 (recent high) with a stop-loss near INR 0.45 to cap downside risk. Trade size should reflect high idiosyncratic risk.

Final Thoughts

SHALPRO.BO closed at INR 0.49 on 02 Jan 2026 with 147,659 shares exchanged, positioning the stock for a tactical oversold bounce toward the recent year high of INR 0.60 if volume confirms a rebound. Valuation is mixed: a low price-to-book of 0.479 and current ratio of 6.03 suggest balance-sheet cushion, while negative EPS (‑0.01) and very long inventory and receivable cycles point to operational stress. Meyka AI’s forecast model projects a 1-year price of INR 0.46257, implying roughly a 5.6% downside versus today’s INR 0.49; this underlines that a technical bounce could be temporary without operational improvement. Our short-term price target for a confirmed bounce is INR 0.60; a medium-term recovery would need revenue traction and tighter working-capital metrics. Use a stop near INR 0.45 and scale position sizing for single-stock risk. This analysis is produced using Meyka AI as an AI-powered market analysis platform and is informational, not investment advice.

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