SRECR.BO down 9.28% pre-market BSE 09 Jan 2026: watch INR 42.00 support
SRECR.BO stock opened the pre-market session sharply lower after a heavy close yesterday, trading at INR 44.26 on the BSE, down 9.28% versus the previous close of INR 48.79. The stock shows early weakness with intraday range INR 42.00–44.26 and volume at 2,100 shares, more than twice average. This sell-off places Sreechem Resins Limited among the top pre-market losers on 09 Jan 2026 as traders reassess short-term technical risk and near-term forecasts.
SRECR.BO stock: Pre-market price action
SRECR.BO stock is trading at INR 44.26 in pre-market on the BSE after a -9.28% move. One-day range is INR 42.00 (low) to INR 44.26 (high) and relative volume is 2.25x (Volume 2,100, Avg 666). The immediate trigger appears technical pressure from a large intraday reversal after hitting the prior close of INR 48.79.
SRECR.BO stock: Technical snapshot
Key indicators show short-term exhaustion. RSI stands at 82.35 (overbought) while MACD histogram is positive but narrowing (MACD 3.95, Signal 2.07). Bollinger upper band is INR 49.50 and middle band INR 36.49, indicating wide volatility. Support sits near INR 42.00 (today’s low) and the 50-day average at INR 34.31 is the next structural level. Traders should note MFI 97.82, showing heavy buying that can reverse quickly on negative flows.
SRECR.BO stock: Fundamental view
Sreechem Resins Limited (SRECR.BO) reports EPS INR 0.09 and a quoted PE of 566.56, reflecting a very high price-to-earnings multiple versus modest earnings. Market cap is INR 214,158,000.00 and book value per share is INR 26.55, giving a PB near 1.92. TTM revenue per share is INR 65.94 while net income per share TTM is negative at -INR 0.91. The company sits in Basic Materials (Construction Materials) and should be read against sector trends for cyclicality and commodity pricing.
Meyka AI rates SRECR.BO with a score out of 100
Meyka AI rates SRECR.BO with a score of 62 out of 100 (Grade C+, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The score reflects tight fundamentals, thin liquidity (shares outstanding 4,200,000.00) and volatile technicals. These grades are not guaranteed and we are not financial advisors.
Meyka AI’s forecast and price comparison
Meyka AI’s forecast model projects a yearly level of INR 40.20, a monthly model level of INR 35.60, and a three-year target of INR 28.35. Versus the current INR 44.26, the yearly projection implies a downside of -9.16%, while the monthly suggests -19.56%. The model also notes a bull reference at the year high INR 66.34 implying potential upside of +49.89% from current levels. Forecasts are model-based projections and not guarantees.
SRECR.BO stock: Risks, catalysts and trading idea
Primary risks: low free cash flow metrics, negative net income per share TTM -INR 0.91, and thin average volume raising liquidity risk. A material earnings beat or new order flow could act as a catalyst.
Trading idea: for short-term traders consider a cautious approach. Key levels: support INR 42.00, immediate resistance near Bollinger upper INR 49.50, stop-loss near INR 41.00 for intraday sellers. Position sizes should be small given volatility and low float. Internal link: SRECR.BO on Meyka.
Final Thoughts
SRECR.BO stock is a clear pre-market top loser on 09 Jan 2026 after a -9.28% move to INR 44.26 on the BSE. Technicals show overbought exhaustion and heavy short-term volatility with RSI 82.35 and MFI 97.82. Fundamentals paint a mixed picture: PB near 1.92 and book value INR 26.55, but EPS is low at INR 0.09 and net income per share TTM is negative at -INR 0.91, producing a stretched PE of 566.56. Meyka AI’s forecast model projects a yearly level of INR 40.20, implying an approximate -9.16% downside from current price. Given thin liquidity (avg volume 666) and elevated volatility, analysts frame SRECR.BO as higher risk for larger positions. Short-term traders may use INR 42.00 as an immediate support marker and a stop-loss strategy. Long-term investors should watch quarterly earnings, order-book updates, and any sector recovery signals before increasing exposure. Forecasts are model-based projections and not guarantees. For company details see the official site and BSE listing Sreechem Resins and BSE quote. Meyka AI provided the above as an AI-powered market analysis platform.
FAQs
Why did SRECR.BO stock fall in pre-market today?
SRECR.BO stock fell pre-market due to a technical reversal after a strong prior session, high RSI and MFI readings, and thin liquidity. Volume spiked to 2,100 versus avg 666, amplifying selling pressure and triggering stop-loss orders.
What is Meyka AI’s forecast for SRECR.BO stock?
Meyka AI’s model projects a yearly target of INR 40.20 and a monthly level of INR 35.60. Versus current INR 44.26, the yearly implies -9.16% downside. Forecasts are model-based and not guarantees.
What technical levels should traders watch for SRECR.BO stock?
Traders should watch immediate support at INR 42.00, resistance near Bollinger upper INR 49.50, and the 50-day average at INR 34.31. Use tight stops given high ATR 1.81 and elevated RSI.
Is SRECR.BO stock a buy for long-term investors?
SRECR.BO stock carries fundamentals and liquidity risks. With EPS INR 0.09, negative net income per share TTM, and high PE, long-term investors should wait for clearer earnings improvement or stronger cash flow before adding exposure.
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.
