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.

IN Stocks

PROMAX.BO stock down 20.49% on BSE after hours 21 Jan 2026: early risk signal for investors

ByHuzaifa Zahoor January 21, 2026

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.