PROMAX.BO Promax Power Ltd (BSE) up 6.82% on 08 Jan 2026: 12-month target INR 29.00
PROMAX.BO stock closed as a top gainer on 08 Jan 2026, rising 6.82% to INR 23.50 on the BSE. Volume was 2,500 shares as the market closed. The move followed low liquidity and a rebound from the year low INR 20.10. Traders flagged a short squeeze into the close and sector rotation toward Industrials.
PROMAX.BO stock: Market close and top gainer snapshot
PROMAX.BO stock ended the session at INR 23.50, up INR 1.50 or 6.82% on 08 Jan 2026. This session is marked as Market Closed on the BSE in India. Volume was 2,500.00 against an average volume of 7,083.00, producing a relative volume of 2.82.
The intraday range was tight with Day Low and Day High both at INR 23.50. Year extremes remain INR 48.00 high and INR 20.10 low, signalling the stock is trading well below its 52-week peak.
PROMAX.BO stock: Fundamentals and valuation
Promax Power Limited (PROMAX.BO) reports EPS INR 0.97 and a trailing PE of 22.68. Market capitalisation stands at INR 550000000.00 with 25,000,000.00 shares outstanding. Price to Book is 1.75 and Revenue per Share (TTM) is INR 29.36.
The stock’s PE at 22.68 is below the Industrials sector average PE of 36.56, indicating relative valuation support versus peers. Key solvency metrics include Debt to Equity 0.66 and Current Ratio 1.84, but operating cash flow per share is negative at -INR 1.89.
PROMAX.BO stock: Technical indicators and trading metrics
Short-term technicals are mixed. RSI is 46.44, MACD histogram shows slight positive momentum at 0.22, and the ADX at 19.80 suggests no strong trend. Bollinger Bands middle band is INR 23.73, upper INR 26.47, lower INR 20.98.
Price averages show 50-day at INR 25.53 and 200-day at INR 31.06. On low liquidity, the relative volume spike to 2.82 amplified the price move. Traders should note ATR INR 1.25 for expected daily volatility.
PROMAX.BO stock: Catalysts, risks and sector context
Promax Power Ltd operates in Industrials, executing power and civil infrastructure projects. Sector rotation into engineering and construction supported the stock today. Compare and peer metrics are available on Investing.com, which lists competitive comparisons for the company Investing.com compare.
Risks include negative operating cash flow (-INR 1.89 per share), a long cash conversion cycle of 166.15 days, and net debt to EBITDA of 2.49. Liquidity remains thin; average daily volume is 7,083.00, raising execution risk for larger orders.
PROMAX.BO stock: Meyka AI grade and price forecast
Meyka AI rates PROMAX.BO with a score out of 100: Score 57.80 | Grade C+ | Suggestion: HOLD. This grade factors S&P 500 benchmark comparison, sector and industry comparison, financial growth, key metrics, forecasts, analyst consensus, and fundamental growth.
Meyka AI’s forecast model projects Monthly INR 24.85, Quarterly INR 13.25, and Yearly INR 28.97. Compared with the current price (INR 23.50), the monthly projection implies +5.74% upside and the yearly projection implies +23.26% upside. The quarterly projection implies -43.62% downside. Forecasts are model-based projections and not guarantees.
PROMAX.BO stock: Trading strategy and analyst view
Given thin volumes, a practical approach is size control and limit orders. Short-term traders may target INR 26.00 for a quick profit and set a tight stop near INR 22.00. Longer-term investors can consider a 12-month price target near INR 29.00, aligned with the Meyka yearly forecast.
Sell-side coverage is limited. Use the company website and sector reports for order-book visibility and contract wins. For broader news context, see Reuters market coverage for macro cues that can alter Industrials flows Reuters.
Final Thoughts
PROMAX.BO stock closed as a top gainer on 08 Jan 2026 at INR 23.50, driven by low liquidity and a sector tilt toward Industrials. Fundamentals show modest profitability with EPS INR 0.97, PE 22.68, and PB 1.75, while cash flow metrics remain a concern with operating cash flow per share at -INR 1.89. Meyka AI’s model projects a 12-month figure near INR 28.97, implying an upside of 23.26% from today’s price. We present a practical two-tier view: a short-term target of INR 26.00 for traders and a 12-month target INR 29.00 for investors willing to accept the company’s liquidity and cash-flow risks. Remember, Meyka AI provides these forecasts as model-based projections and not guarantees. Monitor order-book depth, receivables trends, and any contract announcements that can quickly change the risk-reward before adding exposure. For a consolidated quote and trade tools, see the Promax page on Meyka’s platform (Meyka AI-powered market analysis platform) at https://meyka.ai/stocks/PROMAX.BO
FAQs
What drove the PROMAX.BO stock jump on 08 Jan 2026?
PROMAX.BO stock rose 6.82% on 08 Jan 2026 due to low liquidity and sector rotation into Industrials. Volume spiked to 2,500.00, amplifying price movement. No major company announcement was posted at close.
What is the current valuation and key ratios for PROMAX.BO stock?
PROMAX.BO stock trades at PE 22.68, PB 1.75, EPS INR 0.97, Current Ratio 1.84, and Debt/Equity 0.66. These show moderate valuation versus Industrials peers and solvency that requires cash-flow monitoring.
What price targets does Meyka AI give for PROMAX.BO stock?
Meyka AI’s forecast projects Monthly INR 24.85 and Yearly INR 28.97. That implies +5.74% near-term and +23.26% 12-month upside versus the current INR 23.50. Forecasts are model-based and not guarantees.
Should I trade PROMAX.BO stock given low volume?
Trading PROMAX.BO stock requires size management due to average volume 7,083.00. Use limit orders, small position sizes, and a predefined stop loss. Liquidity risk can widen spreads and move prices.
Where can I find real-time comparisons and news on PROMAX.BO stock?
For peer comparisons and financial metrics see Investing.com’s Promax comparison page. For macro market context, use trusted outlets like Reuters. Both sources help contextualise moves in PROMAX.BO stock.
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.
