Pre-market: ABM International ABMINTLTD.NS (NSE) +25.00% to INR 129.19: monitor
ABMINTLTD.NS stock opened pre-market after a 25.00% intraday jump to INR 129.19, driven by a volume surge to 10,795.00 traded shares versus average 2,162.00. This one-day move pushed the price from the open INR 114.15 to the session high INR 129.19, signaling heightened trader interest ahead of the Indian market open.
We track this as a high-volume mover in the Basic Materials sector in India (NSE). The immediate focus is whether the volume-led push sustains above the 50-day average price INR 128.62 and yields a follow-through breakout or a short-term pullback.
Pre-market price action: ABMINTLTD.NS stock
ABMINTLTD.NS stock is trading at INR 129.19, up INR 25.84 or 25.00% from the previous close INR 103.35. The session high matched the last trade price INR 129.19 while the day low was INR 103.35, showing a wide intraday range and strong buyer interest.
Catalyst and news flow behind the high volume move
Trading volume hit 10,795.00, a relative volume near 4.99x the average, indicating institutional or concentrated retail activity. There is no formal earnings announcement on file, so traders point to inventory restocking and commodity price moves in plastics and resins as the likely catalysts; company details are on the corporate site source.
Fundamentals snapshot and valuation metrics
ABM International Limited shows EPS 10.16 and reported a market PE around 12.72 based on the latest quote, with a price-to-book near 8.74. Trailing margins show pressure: net margin is negative in available trailing metrics, and return on equity is about -13.59%, indicating earnings volatility despite the current price strength.
Technical posture and volume signals
Price sits above the 50-day average INR 128.62 and well above the 200-day average INR 92.05, a constructive short-term setup. The high relative volume and break above intra-day resistance suggest momentum, but the steep advance on one session raises the risk of a quick retracement to INR 114.15 or the prior close.
Meyka AI rating and valuation context
Meyka AI rates ABMINTLTD.NS with a score out of 100: 58.51 / Grade C+ | Suggestion: HOLD. This grade factors S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and not guaranteed; we are not financial advisors.
Risks, sector view and near-term outlook
ABM International operates in Basic Materials where sector average PE is roughly 31.70, making ABMINTLTD.NS appear cheaper by PE but more volatile on margins. Key risks include thin daily liquidity historically, earnings inconsistency, and commodity-price sensitivity, which can turn any volume-led jump into a rapid reversal.
Final Thoughts
ABMINTLTD.NS stock is a classic high-volume mover pre-market in India (NSE): price INR 129.19, volume 10,795.00, and a one-day gain of 25.00% highlight strong short-term interest. Fundamentals remain mixed — EPS 10.16 and PE 12.72 vs a negative trailing margin and ROE about -13.59% — so the rally is momentum-driven rather than earnings-confirmed. Meyka AI’s forecast model projects a near-term reference target of INR 150.00, implying an upside of 16.12% from the current INR 129.19. Forecasts are model-based projections and not guarantees. Traders should watch whether volume sustains above the 50-day average INR 128.62 for confirmation, or if the stock reverts to support near the open INR 114.15. For live quotes and charting refer to the NSE page and the company site source and internal coverage on Meyka’s platform ABMINTLTD.NS on Meyka.
FAQs
What caused the ABMINTLTD.NS stock surge pre-market?
The pre-market surge was driven by a high-volume spike of 10,795.00 traded shares and speculative buying in plastic raw materials. No official earnings release was posted; traders cite inventory and commodity price shifts as likely catalysts.
How does ABMINTLTD.NS stock compare on valuation?
Valuation shows EPS 10.16 and a quoted PE of 12.72, below Basic Materials sector averages. However the price-to-book near 8.74 and negative trailing margins flag elevated valuation risk relative to fundamentals.
What is Meyka AI’s short-term forecast for ABMINTLTD.NS stock?
Meyka AI’s forecast model projects a near-term reference target of INR 150.00, an implied upside of 16.12% from INR 129.19. Forecasts are model-based projections and not guarantees.
What should traders watch after this pre-market move in ABMINTLTD.NS stock?
Watch sustained volume above the 50-day average INR 128.62, intraday support at INR 114.15, and any company disclosures. Thin liquidity and margin volatility increase turnaround risk despite the current momentum.
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.