EASTSILK.BO Eastern Silk BSE 27.75 16 Jan 2026 Mkt Closed: Oversold bounce
The EASTSILK.BO stock closed at INR 27.75 on 16 Jan 2026, up 4.99% from the previous close of INR 26.43 as the BSE session ended (Market Closed). The move followed very thin trading volume of 66.00 shares and a large relative-volume spike versus the listed average, signalling a short-term oversold bounce setup. Investors should weigh this rally against stretched historical trading ranges and mixed cash flow metrics before adding exposure.
Quick take: EASTSILK.BO stock performance today
Eastern Silk Industries Limited (EASTSILK.BO) finished the BSE session at INR 27.75, a +4.99% intraday rise on 16 Jan 2026, with volume at 66.00. The price equals the stock’s year high of INR 27.75 and sits well above the 50-day average (INR 5.51) and 200-day average (INR 2.97).
Why an oversold bounce matters for EASTSILK.BO stock
EASTSILK.BO has shown dramatic multi-period returns from a year low of INR 2.13 to the current level, creating volatility-driven mean reversion opportunities. The tiny average volume (1.00) and today’s relVolume 66.00 magnify moves; oversold bounces in low-liquidity names can produce quick gains but also sharp reversals. Traders using an oversold bounce strategy should target defined stops and small position sizes given the liquidity profile.
Fundamentals and valuation for EASTSILK.BO stock
On fundamentals, Eastern Silk reports EPS INR 0.18 and a trailing PE of 154.17 based on the latest quoted price and EPS, while key metrics show a price-to-book of 0.56, book value per share INR 125.48, and ROE 4.29%. The company carries debt-to-equity of 1.03, a current ratio of 2.55, and concerning working capital patterns including days inventory on hand of 5133.10 days, which increases operational risk.
Meyka AI rates EASTSILK.BO with a score out of 100 and forecast
Meyka AI rates EASTSILK.BO with a score out of 100: 59.83 / 100 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector and industry performance, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects Yearly INR 14.74, 3-year INR 20.17, 5-year INR 25.53, and 7-year INR 33.54. Compared with the current INR 27.75, the model implies a short-term downside to the 1-year figure (-46.88%) and a modest downside to the 5-year figure (-7.99%), but a potential +20.88% upside to the 7-year projection. Forecasts are model-based projections and not guarantees.
Technical levels, price targets and trade plan for EASTSILK.BO stock
For an oversold bounce trade on EASTSILK.BO, use a conservative near-term target of INR 32.00 and a bull-case target of INR 38.00, with a stop-loss near INR 24.00 to limit downside. The short-term trade plan assumes tight position sizing given low liquidity and the stock’s volatile history. Monitor reversion to moving averages (50-day INR 5.51, 200-day INR 2.97) and volume confirmation before scaling.
Risks and opportunities in the Eastern Silk trade
Opportunity: the stock trades below book at PB 0.56, suggesting valuation support versus tangible book value INR 125.48 per share. Risk: weak operating cash flow per share (-15.25) and free cash flow per share (-15.74), plus an interest coverage metric that is negative, increase solvency concerns. Sector context: apparel manufacturers can re-rate with export recovery and improved working capital cycles, but inventory and cash conversion cycle remain critical risks.
Final Thoughts
EASTSILK.BO stock closed at INR 27.75 on 16 Jan 2026, showing an oversold bounce in a thinly traded security. Our analysis balances a cheap price-to-book (0.56) and tangible book support against weak cash flow and elevated operational working capital. Meyka AI’s model projects INR 25.53 at the 5-year horizon, implying a -7.99% gap to current price, while a 7-year projection of INR 33.54 implies +20.88% upside. Given the C+ (59.83) Meyka grade and the stock’s liquidity and cash flow risks, we view this setup as a tactical, short-term oversold bounce trade for disciplined traders rather than a long-term core holding. Traders should use tight stops, limit exposure, and watch volume confirmation; forecasts are model-based projections and not guarantees. Meyka AI provides this data as an AI-powered market analysis platform to help frame the trade context.
FAQs
What drove EASTSILK.BO stock higher today?
EASTSILK.BO stock rose to INR 27.75 on 16 Jan 2026 on thin volume (66.00) as a technical oversold bounce. Low average liquidity amplified the move; investors cited mean reversion from earlier lows and short-covering.
How does valuation look for EASTSILK.BO stock?
Valuation is mixed: trailing PE is 154.17 (based on EPS INR 0.18), while price-to-book is 0.56 with tangible book INR 125.48, indicating book-backed support but strained earnings metrics.
What is Meyka AI’s view and forecast for EASTSILK.BO stock?
Meyka AI assigns EASTSILK.BO a score of 59.83 (Grade C+, HOLD). Meyka AI’s forecast model projects INR 25.53 in five years and INR 33.54 in seven years; forecasts are model-based and not guarantees.
What are the main risks for traders using an oversold bounce on EASTSILK.BO stock?
Risks include extreme inventory levels (days on hand 5133.10), negative operating cash flow per share (-15.25), low liquidity, and leverage (debt-to-equity 1.03), which can turn quick rallies into sharp reversals.
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.
