JIGAR.BO stock down 19.07% intraday on 09 Feb 2026: top loser and drivers to watch

The JIGAR.BO stock plunged 19.07% intraday on 09 Feb 2026, trading at INR 59.88 on the BSE and joining the top losers list for the session. The drop followed heavy selling with 8,000 shares changing hands versus an average volume of 317, giving a relative volume of 25.24. Traders flagged a break below short-term averages and elevated intraday volatility after the stock opened at INR 59.66, with the previous close at INR 73.99. We summarise price action, technicals, fundamentals, Meyka AI’s grade, and a model forecast to frame short-term trade levels and medium-term upside.

Intraday price action: JIGAR.BO stock falls 19.07% on BSE

The main intraday fact is the -19.07% move to INR 59.88 on 09 Feb 2026. Volume spiked to 8,000 shares, well above the 317 average, signalling stronger-than-normal selling pressure.

Catalysts and sector context for JIGAR.BO stock

There is no single company announcement tied to the drop, so activity likely reflects profit-taking and sector weakness in Electrical Equipment & Parts within Industrials. Peer news and trading in cable makers, including coverage on Reuters and Investing.com, shows mixed sentiment across the wires and cables space source source.

Technicals and momentum: what the charts say on JIGAR.BO stock

Short-term technicals show cooling momentum: RSI 46.92 and MACD -1.13 with a histogram of 0.46, suggesting the immediate sell-off has room to stabilise. Price is below the 50-day average (INR 65.18) and 200-day average (INR 64.24), while Bollinger Bands read Upper 70.93 / Middle 64.43 / Lower 57.93, so INR 57.93 is an intraday lower band to watch.

Fundamentals, valuation and Meyka grade for JIGAR.BO stock

Jigar Cables Limited reports EPS INR 1.82 and trades at PE 32.90 on a market cap of INR 432,421,803.00 with 7,221,473 shares outstanding. Meyka AI rates JIGAR.BO with a score out of 100: 64.17 | 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 financial advice.

Volume, liquidity and risk for JIGAR.BO stock traders

Liquidity is episodic: today’s 8,000 versus avg 317 shows concentrated trading windows and higher volatility risk. The RelVolume of 25.24 increases execution risk for larger orders, so traders should use size limits and clear stop levels.

Price targets and Meyka AI forecast for JIGAR.BO stock

Meyka AI’s forecast model projects a 12-month target of INR 85.72, a monthly median of INR 63.48, and a quarterly level at INR 44.88. Compared with the current INR 59.88, the 12-month forecast implies an upside of 43.15% and the quarterly level implies a downside of -25.04%. Forecasts are model-based projections and not guarantees.

Final Thoughts

JIGAR.BO stock is a clear intraday top loser on 09 Feb 2026, down 19.07% to INR 59.88 on the BSE with a sharp spike in volume to 8,000 shares. Technicals point to short-term oversold to neutral conditions (RSI 46.92), while price sits below both the 50-day (INR 65.18) and 200-day (INR 64.24) averages. Fundamentals show modest earnings with EPS INR 1.82 and a PE 32.90, and liquidity remains uneven. Meyka AI rates JIGAR.BO with a score out of 100: 64.17 (Grade B, Suggestion HOLD), reflecting mixed sector and company metrics. Meyka AI’s forecast model projects a 12-month target of INR 85.72, implying a 43.15% upside from today’s price; the model also shows a nearer-term quarterly downside to INR 44.88 (about -25.04%). For short-term traders the priority is managing risk with tight position sizing and stop-losses; for medium-term investors the modelled upside argues for monitoring quarterly updates and sector orders. Remember forecasts and grades are projections, not guarantees, and investors should align exposure to risk tolerances and portfolio strategy.

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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.