18.24% pre-market rise: JIGAR.BO Jigar Cables Ltd (BSE) 24 Feb 2026 watch INR 85.72
JIGAR.BO stock opened pre-market on 24 Feb 2026 at INR 70.80, up 18.24% from the previous close of INR 59.88. The jump makes Jigar Cables Limited (BSE) one of today’s top gainers in the Industrials space in India. Volume reads 0 in pre-market data but the relative volume is high at 4.85, signalling an early surge driven by trading interest and technical breakout cues. We examine valuation, technicals, Meyka AI grade and a practical trading checklist for short-term traders and longer-term investors.
JIGAR.BO stock pre-market move and drivers
The immediate fact: JIGAR.BO rose 18.24% to INR 70.80 in pre-market trade on 24 Feb 2026 on BSE. This gap up follows a run from the 50-day average of INR 64.78 and the 200-day average of INR 64.43, suggesting short-term buyer momentum.
No formal earnings release is listed for today, pointing to technical buying, low free float activity or a block trade as likely triggers. Sector context shows Industrials average PE around 34.85, while Jigar Cables trades at a PE of 38.90, so part of the move reflects re-rating along with momentum.
Fundamentals and valuation for JIGAR.BO stock
Jigar Cables Limited reports EPS INR 1.82 and trades at PE 38.90 on a market cap of INR 511,280,288.00 and 7,221,473 shares outstanding. The stock’s 52-week high is INR 84.50 and 52-week low is INR 49.64, placing the current price closer to the upper range.
Price averages show recent consolidation: 50‑day avg INR 64.78 and 200‑day avg INR 64.43. At the current PE JIGAR.BO stock looks pricier than some Industrials peers, so valuation depends on revenue growth and margin stability in upcoming reports.
Technical snapshot and trading cues for JIGAR.BO stock
Technical indicators show momentum: RSI 63.14, ADX 32.43 (strong trend) and MACD histogram 0.48. CCI is 120.63 indicating overbought short-term conditions while Keltner upper band sits at INR 68.94, underlining the pre-market breakout above the channel.
For traders the immediate intraday target is INR 78.00, with a nearer-term resistance cluster at the 52-week high INR 84.50. A protective stop near INR 66.00 (just below the 50‑day average) manages downside if momentum fades.
Meyka AI grade and forecast for JIGAR.BO stock
Meyka AI rates JIGAR.BO with a score out of 100: 66.23 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational and not personalised financial advice.
Meyka AI’s forecast model projects yearly INR 85.72, implying an upside of 21.08% versus the current INR 70.80. Shorter horizons show a monthly projection of INR 63.48 and a 3‑year figure of INR 112.49. Forecasts are model-based projections and not guarantees.
Risks, liquidity and sector context for JIGAR.BO stock
Liquidity is a key risk: reported pre-market volume is 0 with an average volume of 412 shares, meaning price moves can be sharp on small order flow. Low float and thin trading amplify volatility and slippage risks for larger orders.
Sector data: Industrials peers trade at an average PE near 34.85, and the segment shows modest YTD weakness. Company-specific risks include uneven earnings cadence and limited analyst coverage. No upcoming earnings announcement is recorded in the feed.
Practical trading checklist and resources on JIGAR.BO stock
Checklist: confirm trade prints in regular session, watch volume pickup above 412 average, place a stop to limit downside, and size positions for low liquidity. Short-term traders should use intraday confirmation above INR 70.80 and scale near INR 78.00 if momentum continues.
For company details and filings visit the official site Sigma Cables website and track the live quote on Meyka’s stock page JIGAR.BO on Meyka.
Final Thoughts
JIGAR.BO stock is a clear pre-market top gainer on 24 Feb 2026, trading at INR 70.80 after an 18.24% jump from INR 59.88. The move is momentum-led against a backdrop of thin liquidity and a higher-than‑sector PE of 38.90. Technicals favour short-term buyers — RSI 63.14 and ADX 32.43 — but overbought signals and low average volume require careful risk controls. Meyka AI rates the stock 66.23 (B, HOLD) based on multi-factor inputs. Our model projects a yearly figure of INR 85.72, an implied upside of 21.08% from the current price. Traders who act should confirm higher traded volume, use tight stops near INR 66.00, and consider scaling out toward INR 78.00–84.50. Remember, Meyka AI is an AI-powered market analysis platform; forecasts are model outputs and not guarantees.
FAQs
What caused the JIGAR.BO stock jump pre-market today?
The JIGAR.BO stock jump appears driven by technical buying and low liquidity rather than a listed earnings release. A breakout above the 50-day average and relative volume spike likely triggered rapid price moves.
What are the key valuation metrics for Jigar Cables (JIGAR.BO)?
Key metrics: Price INR 70.80, EPS INR 1.82, PE 38.90, market cap INR 511,280,288.00, 50-day avg INR 64.78, 200-day avg INR 64.43. These show a premium versus some Industrials peers.
What target does Meyka AI give for JIGAR.BO stock?
Meyka AI’s forecast model projects a yearly target of INR 85.72, implying about 21.08% upside from INR 70.80. This is a model projection and not a guaranteed outcome.
Is JIGAR.BO stock liquid enough for large trades?
No. Average daily volume is 412 shares, and pre-market showed 0 reported volume, indicating low liquidity. Large orders may face slippage and wide spreads.
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.