SHEKHAWATI.NS Shekhawati Industries (NSE) down 16.43% intraday: monitor INR 12.76 support
The SHEKHAWATI.NS stock plunged 16.43% intraday on 23 Jan 2026 to INR 13.28, marking one of the top losers on the NSE during the session. Trading volume jumped to 557,731 shares, roughly 11.47x the average daily volume of 48,607, signalling aggressive selling pressure. Intraday range hit a low of INR 12.76 and a high of INR 15.50, while the share trades well below its 50-day average of INR 19.28 and 200-day average of INR 21.87. We review the drop, technical levels, valuation and a model forecast to frame short-term trade and medium-term outlook.
SHEKHAWATI.NS stock intraday snapshot and drivers
Shekhawati Industries Ltd. (SHEKHAWATI.NS) opened at INR 14.75 and closed the steep move at INR 13.28, down INR 2.61 (-16.43%) from the previous close of INR 15.89. The spike in volume to 557,731 versus average 48,607 suggests position liquidation rather than thin-market noise. Sector flows in Consumer Cyclical were weak on the session, increasing pressure on smaller textile names like Shekhawati.
Fundamentals: earnings, valuation and balance sheet context
SHEKHAWATI.NS stock trades at PE 7.59 with trailing EPS INR 1.75, and market capitalisation of INR 457,761,600.00. Key ratios show a PB 2.56, current ratio 1.68 and negligible net debt (debt to equity 0.02). These metrics point to value on a simple earnings multiple, but the business shows long inventory cycles (days of inventory on hand 185.53) which can amplify downside in demand shocks.
Technical picture and immediate support for SHEKHAWATI.NS stock
Technicals show momentum weakness: RSI 38.77 and MACD -0.41 with an ADX 48.28 signalling a strong trend down. Intraday support sits at INR 12.76 (day low and year low), resistance at INR 15.50 (day high) and a nearer medium-term resistance near the 50-day average INR 19.28. Traders should watch the relative volume surge and OBV -356,251 which confirms distribution.
Meyka AI rates SHEKHAWATI.NS with a score out of 100 and valuation view
Meyka AI rates SHEKHAWATI.NS with a score out of 100: 63.68 (Grade B) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The internal company rating also shows an overall rating A from a separate provider with mixed metric scores (strong ROE/ROA but weaker DCF and PB signals). Investors should treat the grade as informational and not as financial advice.
Meyka AI’s forecast, price targets and implied moves for SHEKHAWATI.NS stock
Meyka AI’s forecast model projects a monthly level of INR 12.34 and a yearly target of INR 27.94. Versus the current price INR 13.28, the monthly projection implies a -7.09% downside, while the yearly projection implies a +110.47% upside. For near-term risk management we present a conservative price target of INR 18.00 (implied upside +35.55%) and a stop below INR 12.50 to limit losses. Forecasts are model-based projections and not guarantees.
Trading strategy, sector context and risks for SHEKHAWATI.NS stock
As a top loser on the intraday board, SHEKHAWATI.NS stock suits short-term traders managing risk around INR 12.76 support and tight stops. From a sector perspective, Consumer Cyclical averages higher PE and more volatile swings; Shekhawati’s lower PE 7.59 reflects company-specific risk. Watch liquidity (today’s volume 557,731) and inventory cycles; primary risks include weak textile demand and margin pressure. See Shekhawati on our platform for live levels: Shekhawati on Meyka.
Final Thoughts
SHEKHAWATI.NS stock is trading as an intraday top loser after a 16.43% decline to INR 13.28 on 23 Jan 2026, driven by heavy volume and broader cyclical weakness. Valuation shows a low PE of 7.59 and modest leverage, which can attract value buyers, but technicals and inventory cycles increase near-term risk. Meyka AI’s model gives a short monthly projection of INR 12.34 (-7.09% vs current) and a longer-term yearly projection of INR 27.94 (+110.47% vs current). For traders we suggest watching INR 12.76 as immediate support and using a conservative price target of INR 18.00 for tactical rebounds, with stops below INR 12.50. These levels tie earnings, liquidity and technical setup together—forecasts are model projections and not guarantees. For live intraday quotes and alerts use Meyka AI’s real-time market analysis platform and follow broader market news for context source on HDFC Bank and source on ICICI Bank.
FAQs
Why did SHEKHAWATI.NS stock drop so sharply intraday?
The intraday drop to INR 13.28 was driven by heavy selling with volume 557,731 (11.47x average), weak sector flows and technical selling. Company fundamentals show inventory cycles and a low PE, but market sentiment and liquidity likely triggered the sharp move.
What are the key support and resistance levels for SHEKHAWATI.NS stock?
Immediate support is INR 12.76 (day and year low). Near-term resistance is INR 15.50 (today’s high) and the 50-day average INR 19.28. Manage trades with stops below INR 12.50 and targets near INR 18.00.
What does Meyka AI forecast imply for SHEKHAWATI.NS stock?
Meyka AI’s forecast model projects monthly INR 12.34 and yearly INR 27.94. Versus INR 13.28 today, that implies -7.09% near-term and +110.47% over 12 months. Forecasts are model-based and not guarantees.
Is SHEKHAWATI.NS stock a value buy after the fall?
Valuation metrics like PE 7.59 and low net debt suggest value characteristics, but inventory cycles, margin risks and technical weakness mean a cautious approach. Consider position sizing and a clear stop-loss.
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.
