PROMAX.BO stock down 20.49% on BSE after hours 21 Jan 2026: early risk signal for investors
PROMAX.BO stock plunged 20.49% in after-hours trading on 21 Jan 2026, closing at INR 19.56 on the BSE after a one-day drop of INR 5.04. We see the move as a sharp intraday repricing driven by heavy volume of 32,500 shares, well above the average of 8,918. The fall pushed the share below its listed 52-week low of INR 20.10, raising near-term risk for holders and opening a tactical opportunity for selective buyers.
After-hours selloff: PROMAX.BO stock price action
PROMAX.BO stock ended after hours at INR 19.56, down 20.49% versus the previous close of INR 24.60. The session high was INR 23.71 and the low was INR 19.05, with a relative volume of 2.52 indicating outsized trading.
One clear fact: volume spiked to 32,500 against an average of 8,918, showing conviction in the selloff and liquidity to trade around the new level.
What likely moved the market: drivers behind the drop
We see three proximate drivers: profit-taking after a prior run, weak short-term technicals, and sector headwinds in Industrials where peers are down YTD. Market-wide risk aversion this week amplified selling pressure; see broader market context in Reuters and Investing.com coverage of commodity and macro moves that weighed on cyclicals Reuters and Investing.com.
No company filing or earnings release appears in the feed, so this looks like price-driven market flow rather than fresh fundamentals.
Fundamentals and valuation: PROMAX.BO financials at a glance
Promax Power Limited (PROMAX.BO) shows EPS INR 0.97 and PE 23.37 on a market cap of INR 566,750,000.00. Price-to-book is 1.80 and price-to-sales is 0.77, which keep valuation moderate versus small-cap peers in Industrials.
Key balance metrics: current ratio 1.84, debt-to-equity 0.66, and operating cash flow per share -1.89 indicate working-capital pressure and negative operating cash conversion that explain part of the market caution.
Technical snapshot and trading signals for PROMAX.BO stock
Technical indicators are mixed: RSI 46.88 sits neutral, MACD slightly negative (MACD -0.34, signal -0.35), ADX 20.60 shows a weak trend. Bollinger bands (middle 23.54, lower 20.82) suggest the stock is trading below the middle band and has broken toward the lower band.
Short-term support is near INR 19.05 (day low) and resistance at INR 23.54 (BB middle). Momentum and volume patterns imply heightened short-term volatility; traders should expect wider swings.
Meyka AI grade and model forecast for PROMAX.BO
Meyka AI rates PROMAX.BO with a score out of 100: 62.91 | Grade: B | 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 monthly price of INR 15.69, a quarterly price of INR 29.81, and a yearly price of INR 14.94. Compared with the current price INR 19.56, the model implies a near-term downside to the monthly and yearly targets (approx -19.80% and -23.58%) and a quarterly upside of 52.45%. Forecasts are model-based projections and not guarantees.
Risks, sector view and practical strategy
Risks include weak cash flow conversion, stretched receivables and inventory days (DSO 73.33, DIO 140.83), and an EV/EBITDA of 12.97 that leaves limited margin for multiple compression. The Industrials sector showed YTD weakness and lower appetite for cyclical small caps.
Practical approach: we suggest trimming exposure if you need liquidity, setting stop-loss near INR 19.00, and considering disciplined accumulation only if there is confirmation of cash-flow improvement or contract wins. Review Promax company updates at the Meyka stock page.
Final Thoughts
PROMAX.BO stock’s after-hours collapse of 20.49% to INR 19.56 on 21 Jan 2026 marks a notable short-term warning for investors on the BSE. Fundamentals show a moderate PE of 23.37 but negative operating cash flow per share (-1.89) and long cash conversion cycles that increase operational risk. Our proprietary grade reads 62.91 (Grade B, HOLD), reflecting mixed metrics: reasonable price-to-book (1.80) but weak cash flow metrics and elevated inventory days. Meyka AI’s forecast model delivers divergent signals: a quarterly upside to INR 29.81 (+52.45% vs current) but monthly and yearly downside targets near INR 15.69 and INR 14.94. For active traders, the technicals point to higher volatility and a possible bounce only after clear volume-based support appears above INR 23.50. For investors, we recommend waiting for earnings clarity or contract wins before adding new exposure. These findings are data-driven and use Meyka AI as an AI-powered market analysis platform; forecasts and grades are model-based and not guarantees. These grades are not guaranteed and we are not financial advisors.
FAQs
What caused PROMAX.BO stock to drop 20.49% after hours?
The fall reflects heavy selling and a surge in volume to 32,500 shares, weak short-term technicals, and sector pressure. No major company filing was in the news feed, so it appears to be price-driven market flow rather than a single-news event.
Is PROMAX.BO stock a buy after the decline?
Our Meyka AI grade is B (HOLD). Consider waiting for confirmed cash flow improvement or contract wins. Traders may look for a technical recovery above INR 23.50 before adding positions.
What are the key financial risks for Promax Power Limited?
Key risks include negative operating cash flow per share (INR -1.89), long inventory days (140.83) and receivables (73.33), and modest interest coverage (2.30), which increase liquidity pressure in a down cycle.
What price targets does Meyka AI forecast for PROMAX.BO stock?
Meyka AI’s model projects monthly INR 15.69, quarterly INR 29.81, and yearly INR 14.94. These imply a near-term downside and a potential quarterly upside; forecasts are model projections and not guarantees.
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.
