INR 8.84 HINDNATGLS.NS Hindusthan Nat Glass NSE 24 Feb 2026: oversold bounce
HINDNATGLS.NS stock closed at INR 8.84 on 24 Feb 2026, sitting at the year low and setting up a classic oversold bounce scenario. The share trades below its 50-day average (INR 14.63) and 200-day average (INR 19.14), while volume at 67,344 is 1.85x the average, signalling dealer interest. In this piece we check fundamentals, technicals, sector context and a pragmatic trading plan, and show Meyka AI’s model projection for price recovery.
HINDNATGLS.NS stock technical snapshot
Price action is the starting fact: the stock closed at INR 8.84, matching the day low and year low. The 50-day average is INR 14.63 and the 200-day average is INR 19.14, which highlights the depth of the recent decline. Volume today was 67,344 versus average volume 36,327, giving a relative volume of 1.85 that supports an intraday reversal attempt.
Fundamentals and valuation
Hindusthan National Glass & Industries Limited reports EPS -2.05 and PE -4.31, reflecting recent losses. Key valuation figures: market cap INR 791,653,515.00, price-to-sales 0.05, and EV/EBITDA 1.35. Gross margin is strong at 61.06%, but shareholders’ equity per share is negative, signalling balance-sheet stress. These metrics show value on sales but earnings weakness and structural risks.
Sector and market context
HINDNATGLS.NS operates in Consumer Cyclical, Packaging & Containers where 3-month performance is weak and YTD pressure persists. The wider Consumer Cyclical sector shows a moderate pullback, underlining cyclical demand risk. A bounce in the stock will likely need recovery in end markets such as beverages and pharma packaging.
Meyka AI grade and model view
Meyka AI rates HINDNATGLS.NS with a score out of 100: 58.07 (C+) — 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 1-year target of INR 21.11, which implies an upside of 138.73% from the current INR 8.84. Forecasts are model-based projections and not guarantees.
Trading strategy: oversold bounce approach
For an oversold-bounce trade, a clear plan matters: watch for a daily close above INR 10.50 with follow-through volume above 50,000 as confirmation. Set a protective stop loss below INR 8.00 to limit downside. Conservative price target is INR 14.00 (implied upside 58.44%); stretch target is Meyka’s INR 21.11 if fundamentals improve. Treat this as tactical, not a long-only recommendation.
Catalysts and risks to watch
Catalysts that could trigger a sustained recovery include improved quarterly earnings, new large contracts in beverage or pharma packaging, or sector-wide demand pick-up. Major risks include continued negative EPS, a weak balance sheet signal, and further margin pressure. Watch earnings dates and management commentary closely, and use volume and moving-average behaviour to validate any bounce.
Final Thoughts
HINDNATGLS.NS stock sits at INR 8.84 on 24 Feb 2026 and fits an oversold-bounce setup: price sits well below the 50-day (INR 14.63) and 200-day (INR 19.14) averages, while volume shows above-average interest. Fundamentals are mixed: strong gross margins but negative EPS (-2.05) and a small market cap (INR 791,653,515.00) increase risk. Meyka AI’s forecast model projects INR 21.11 over the next 12 months, an implied upside of 138.73% vs. current price; a nearer-term conservative target is INR 14.00 (up 58.44%) with a stop-loss near INR 8.00. Use a tight risk plan and confirm any bounce with rising volume and a daily close above INR 10.50. Readers should treat this as market analysis from an AI-powered market analysis platform and not personalised investment advice. For live quotes and filings, see the company site or the NSE quote page and our detailed Meyka stock page for HINDNATGLS.NS.
FAQs
Is HINDNATGLS.NS stock a buy after the drop to INR 8.84?
HINDNATGLS.NS stock shows an oversold bounce setup, but fundamentals remain mixed. A tactical trade could work with confirmation above INR 10.50 and a stop below INR 8.00. This is analysis, not advice; evaluate risk tolerance first.
What are realistic price targets for HINDNATGLS.NS stock?
Short-term conservative target: INR 14.00. Meyka AI’s 1-year projection: INR 21.11. Targets depend on earnings improvement and sector demand; forecasts are model-based, not guarantees.
Which metrics matter most for HINDNATGLS.NS stock right now?
Key metrics: EPS -2.05, PE -4.31, price-to-sales 0.05, EV/EBITDA 1.35, and volume relative to average. Watch moving averages and management updates for confirmation of a bounce.
Where can I track HINDNATGLS.NS stock news and filings?
Monitor the company website and the NSE quote page for official updates. For consolidated data and model-driven views, check Meyka’s stock page for HINDNATGLS.NS.
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.