PANABYTE.BO stock up 20.97% pre-market 26 Feb 2026: watch INR 47.94 resistance
PANABYTE.BO stock opened pre-market at INR 38.54 on 26 Feb 2026, rising 20.97% from yesterday’s close. We note the sharp move makes Panabyte Technologies Ltd. the session’s top gainer on the BSE in India.
Volume is elevated at 18,030 shares versus an average of 9,507, suggesting real buying interest. We outline the drivers, valuation, technicals, and price forecasts so investors can see what the move changes for risk and reward.
PANABYTE.BO stock pre-market move and market context
PANABYTE.BO stock led pre-market gains on 26 Feb 2026 with a 20.97% jump to INR 38.54. The move follows higher intraday demand and a volume spike to 18,030 shares, a relative volume of 3.15. This lift pushed price above the 50-day average of INR 32.90 and just above the 200-day average of INR 36.29.
As a reminder, Panabyte Technologies Ltd. trades on the BSE in India and distributes electronic products including LED lighting, batteries, power banks, and audio devices. The sector placement is Industrials with an industry tag of Manufacturing – Textiles, which can show mixed seasonal demand.
Fundamental snapshot: PANABYTE.BO stock financials
Key fundamentals show market cap at INR 192,560,042.00 and EPS of INR 0.48. The last reported price yields a trailing PE near 73.00, above typical small-cap peers. Price-to-sales is 1.93 and price-to-book is 3.03, reflecting modest revenue backing but limited margin cushion.
Working capital sits positive and the current ratio is 1.58, while debt-to-equity is 0.49. Receivables days are long at 287.28 days, which is a structural liquidity flag to monitor alongside moderate interest coverage near 1.02.
Technical picture and trading signals for PANABYTE.BO stock
Momentum indicators show RSI at 57.86, CCI 110.61 and MACD histogram turning slightly positive. Bollinger middle band is INR 31.27 with the upper band at INR 35.78, so the current price sits above the upper band. Average true range is INR 2.60, pointing to moderate volatility.
Short-term resistance to watch is the year high at INR 47.94. Immediate support is prior close INR 31.86 and the 50-day average at INR 32.90. Traders may treat the move as momentum-driven, noting on-balance volume remains negative historically.
Meyka grade and valuation view for PANABYTE.BO stock
Meyka AI rates PANABYTE.BO with a score out of 100: 66.21 / 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The model balances above-average revenue per share of INR 19.25 with thin margins and long receivable cycles.
Company rating data dated 24 Feb 2026 assigns a rating of C (Sell) on some screens due to high PE and stretched cash conversion. Use both perspectives: Meyka’s composite grade for medium-term context and the company rating for stricter valuation caution.
Risks, catalysts and sector comparison for PANABYTE.BO stock
Primary risks include stretched receivables (DSO 287.28 days), low operating cash flow per share, and interest coverage near 1.02. These factors can limit upside if working capital pressure resurfaces. Sector peers in Industrials show average PE near 33.96, so Panabyte trades at a premium on trailing PE.
Catalysts include stronger trade sales for electronic distribution, margin expansion in LED and battery segments, or working-capital improvement. Watch competitor and sector updates and the Investing.com compare tool for relative performance source.
Trading strategy, price targets and liquidity for PANABYTE.BO stock
Analyst-style price targets we outline: a near-term resistance target at INR 46.00 and an aggressive target near the year high INR 47.94. A conservative stop area could be the prior close at INR 31.86. These targets reflect technical levels and available liquidity.
Average daily volume is 9,507 shares, so trade size matters for execution. For model-based context, see Meyka AI’s forecast data and consult the company update and competitor comparisons on Investing.com source.
Final Thoughts
PANABYTE.BO stock’s pre-market jump to INR 38.54 on 26 Feb 2026 makes it the session’s top gainer on the BSE. The move is volume-backed and clears short-term moving averages, but fundamentals show long receivable days and an elevated PE of 73.00. Meyka AI’s forecast model projects a one-year figure of INR 38.63, compared with the current price of INR 38.54, implying a modest 0.23% upside. Forecasts are model-based projections and not guarantees.
Our view: the rally warrants a HOLD stance from the Meyka composite grade perspective, while stricter screens flag valuation and cash conversion risks. Traders chasing momentum should manage size and set tight execution limits because average liquidity is low. Long-term investors should wait for clearer improvements in cash flow and receivables before increasing exposure. Meyka AI, an AI-powered market analysis platform, provides the grade and forecast data used here for context. For live quotes and deeper company comparison visit PANABYTE.BO on Meyka and follow official news channels before trading.
FAQs
What caused the PANABYTE.BO stock jump pre-market?
The pre-market jump to INR 38.54 was driven by higher traded volume of 18,030 shares and movement above the 50-day average. Market participants cite short-term buying and sector comparisons as immediate drivers.
Is PANABYTE.BO stock a buy after the rally?
Meyka AI’s composite grade is B (HOLD). Valuation is stretched with a PE near 73.00 and long receivables. Investors should wait for cash flow improvement before adding large positions.
What is the short-term price target for PANABYTE.BO stock?
Short-term technical resistance sits near INR 46.00, with the year high at INR 47.94. Use prior close INR 31.86 as a conservative short-term support level.
How reliable are Meyka AI forecasts for PANABYTE.BO stock?
Meyka AI’s forecast model projects INR 38.63 for one year and is a statistical projection. Forecasts are model-based and not guarantees. Combine them with fundamental checks and official company updates.
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.