JIGAR.BO up 18.24% pre-market on BSE on 20 Feb 2026: watch INR 85.72 yearly target

JIGAR.BO stock jumped 18.24% in pre-market trading on the BSE to INR 70.80 on 20 Feb 2026. The move follows heavy relative volume of 4.85 times the 50-day average and a gap up from the previous close of INR 59.88. Jigar Cables Limited (JIGAR.BO) is an Industrials sector mid-cap listed in India with market cap INR 511,280,288 and EPS INR 1.82. In this pre-market top-gainers note we review valuation, technicals, Meyka AI forecasts, and the short-term risks that could shape trading at open.

Pre-market move: JIGAR.BO stock jump and volume

JIGAR.BO stock is trading at INR 70.80, up 18.24% from a previous close of INR 59.88 on 20 Feb 2026. Volume is 2,000 shares versus an average of 412, giving a relative volume of 4.85, which signals outsized interest in pre-market session.

The one-day range shows an open, day low and day high all at INR 70.80 in pre-market prints. The equity remains well below its 52-week high of INR 84.50 and above the 52-week low of INR 49.64, leaving room for both momentum and profit-taking at the open.

JIGAR.BO stock valuation and earnings

Jigar Cables Limited reports an EPS of INR 1.82 and a trailing PE of 38.90 at the current price of INR 70.80. The company’s market capitalisation is INR 511,280,288 with 7,221,473 shares outstanding, which places it in the small/mid-cap category on the BSE.

The stock trades above its 50-day average of INR 64.78 and 200-day average of INR 64.43. Compared with the Industrials sector average PE of 34.69, JIGAR.BO stock sits at a modest premium, reflecting recent momentum but higher valuation risk if earnings do not expand.

JIGAR.BO stock technicals and trend

Momentum indicators show a strong short-term trend. The RSI is 65.49, MACD is 1.39 with a signal of 1.09, and ADX reads 65.18, indicating a strong trend. Bollinger Bands are Upper 72.34, Middle 64.43, Lower 56.52, and ATR is 2.19, suggesting measured intraday volatility.

The CCI at 120.63 flags near-overbought conditions, while OBV is negative at -4,000.00 on limited trading, signalling the move is volume-concentrated. Traders should watch the INR 72.34 upper band and the 50-day mean for support and resistance tests.

Meyka AI rates and model forecast for JIGAR.BO stock

Meyka AI rates JIGAR.BO with a score out of 100: Score 63.74 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. DISCLAIMER: These grades are not guarantees and we are not financial advisors.

Meyka AI’s forecast model projects Monthly INR 63.48, Quarterly INR 44.88, and Yearly INR 85.72 for JIGAR.BO stock. Forecasts are model-based projections and not guarantees, and they assume no material change to company fundamentals or market structure.

Market context: Industrials sector and peer comparisons

Jigar Cables operates in the Electrical Equipment & Parts industry inside the Industrials sector. The sector average PE is 34.69 and one-year sector performance is +3.28%, which places JIGAR.BO’s +28.38% one-year return above peers on a small base.

For peer benchmarking and competitor updates see recent market comparisons on Investing.com such as Ultracab and V-Marc source and source. For the Meyka stock page and live tools see JIGAR.BO on Meyka.

Risks and opportunities for JIGAR.BO stock

Key opportunities include strong pre-market momentum, sector tailwinds for electrical cables, and a year forecast of INR 85.72 that implies upside from the current price. A high ADX and gap-up trade can attract momentum flows at the open.

Risks include low free float liquidity, a PE of 38.90 that demands earnings growth, negative OBV on limited trading, and near-overbought technical readings. News or earnings gaps at open could trigger sharp intraday moves given the thin average volume.

Final Thoughts

JIGAR.BO stock’s pre-market surge to INR 70.80 on 20 Feb 2026 makes it a clear top gainer on the BSE for early trade. The rise is supported by a relative volume spike (2,000 vs 412) and a strong technical trend (ADX 65.18, RSI 65.49). Valuation is elevated with a trailing PE of 38.90 against an Industrials average PE of 34.69, so the market is pricing in further earnings growth. Meyka AI’s forecast model projects a yearly target of INR 85.72, implying an upside of 21.08% versus the current price of INR 70.80; forecasts are model-based and not guarantees. Our proprietary grade — Score 63.74, Grade B, Suggestion: HOLD — reflects mixed signals: strong momentum but valuation and liquidity constraints. Traders should monitor opening liquidity, intraday volume confirmation, and any company-specific news. This note aims to inform trading and research; it is not investment advice.

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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.