Why did IGCIL.BO stock fall sharply today?

IGCIL.BO stock fell due to heavy intraday selling, higher-than-average volume (**211,942**), and weak technicals. There were no clear positive catalysts and textile sector softness likely amplified the move on the BSE.

What are the key valuation metrics for IGCIL.BO stock?

Key metrics: **EPS -0.42**, PE **-5.86**, book value **INR 10.79**, PB **0.23**, market cap **INR 85,411,200.00**. These show a low-priced stock with limited cash flow visibility.

What does the Meyka AI forecast say about IGCIL.BO stock?

Meyka AI's forecast model projects **INR 0.58** (monthly projection). Compared to the current **INR 2.21**, that implies an implied downside near **-73.76%**; forecasts are model-based projections and not guarantees.

How should traders approach IGCIL.BO stock after the drop?

Traders should watch support at **INR 1.88** and resistance at **INR 2.43**, size positions small, and use tight stops. Low liquidity and high volatility make IGCIL.BO stock risky for large positions.

IN Stocks

IGCIL.BO stock down 16.29% intraday on 06 Feb 2026: watch support at INR 1.88

ByDanny Kontos February 6, 2026

IGCIL.BO stock dropped 16.29% intraday to INR 2.21 on 06 Feb 2026 on the BSE as sellers accelerated after the session open. The textile trader IGC Industries Limited (IGCIL.BO) saw volume spike to 211,942 shares versus an average of 111,156, signalling outsized interest in the move. The fall pushed the price close to its year low INR 1.88, raising short-term downside risk for intraday and swing traders. We examine why the decline occurred, key ratios, and what the Meyka AI model and technicals imply for traders and investors.