RMDRIP.NS down 35.99% to INR 78.36 on NSE: Monitor support near INR 75.83
RMDRIP.NS stock plunged 35.99% intraday to INR 78.36 on the NSE on 26 Feb 2026, after a sharp sell-off from a previous close of INR 122.43. This move makes R M Drip & Sprinklers Systems Ltd. (RMDRIP.NS) one of today’s top losers on the India market. The drop pushes the share price near its 200-day average of INR 75.83 and raises questions on valuation, liquidity and near-term technical support for this Agricultural – Machinery company listed on NSE in India.
RMDRIP.NS stock intraday move and price drivers
Today’s intraday decline to INR 78.36 represents a INR 44.07 fall from the prior close. Trade volume was 350,788 shares, below the 30‑day average of 3,281,077 shares, which suggests concentrated selling by holders rather than broad retail participation. The immediate price context: day low INR 78.36, year high INR 123.80, year low INR 33.10. The one clear driver for the move is heavy intraday selling pressure tied to stretched valuation and a weak technical setup.
Valuation and fundamentals: stretched multiples and cash metrics
R M Drip & Sprinklers Systems Ltd. trades at a PE of 67.09 and a PB of 28.22, well above the Industrials sector average PE of 34.09 and PB near 3.60. Revenue per share is 7.40 and EPS is 1.46, while book value per share is 3.47. The company reports a strong current ratio of 4.33 and interest coverage of 14.76, but price-to-sales 13.24 and enterprise value multiples indicate the market had priced in high growth. These stretched multiples likely amplified the down move as sentiment turned.
Technical setup and trading signals for RMDRIP.NS stock
Technicals show near-oversold momentum: RSI 34.33, CCI -174.93, and MACD histogram -1.52, pointing to short-term bearish bias. ADX at 43.61 indicates a strong trend — currently downward. The 50-day average is INR 97.10 and the 200-day average is INR 75.83; the stock trading close to the 200-day mean makes that level the first line of technical support. Traders should note Bollinger middle at INR 112.95 and lower band at INR 100.60 as short-term resistance zones now.
Sector context and catalysts for RMDRIP.NS trading
RMDRIP.NS is in the Industrials sector (Agricultural – Machinery) and is sensitive to rural demand, monsoon outlook and government irrigation incentives. The Industrials sector shows a 3-month performance around -4.94%, and the stock’s higher multiple versus sector averages makes it vulnerable when sector flows slow. Near-term catalysts would be policy announcements on irrigation subsidies, quarterly earnings surprises, or execution updates from the Nashik-based management team.
Meyka AI rates RMDRIP.NS with a score out of 100 and forecast
Meyka AI rates RMDRIP.NS with a score out of 100: 69.42 | Grade: B | Suggestion: 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 monthly INR 113.48, quarterly INR 108.20, and yearly INR 140.42. Versus the current price INR 78.36, the yearly projection implies an upside of 79.25%. Forecasts are model-based projections and not guarantees.
Trading risks, liquidity and practical strategy
Key risks: very high price/book and price/sales multiples, slow receivables turnover (days sales outstanding 200.60), and lower free cash flow visibility. Market cap is roughly INR 24.47B with shares outstanding 249,800,000. Liquidity can be episodic; average volume is higher than today’s print. For intraday/top‑loser strategies, use tight stops under INR 75.83, size positions small, and watch for follow‑through on volume before adding. Longer-term investors should wait for valuation compression or clear earnings upgrades.
Final Thoughts
RMDRIP.NS stock’s intraday slide to INR 78.36 on 26 Feb 2026 is a clear top‑loser signal driven by stretched valuation and technical momentum. The key support to watch is the 200‑day average at INR 75.83 and nearby liquidity pockets. Fundamentals are mixed: strong margins and high return on equity (ROE 42.36%), but the market prices growth aggressively (PE 67.09, PB 28.22). Meyka AI’s forecast model projects a yearly level of INR 140.42, implying ~79.25% upside from today — a model-based view that contrasts with third‑party rating weakness. Practical takeaway: shorter‑term traders should treat the move as a high‑risk short‑term setup with tight risk controls; longer‑term investors should seek clearer evidence of improving cash flow or materially lower multiples. All forecasts are model projections and not guarantees. For more background and historical filings see the company website and the NSE quote page, and consult Meyka AI’s real‑time tools for updates.
FAQs
Why did RMDRIP.NS stock fall sharply today?
RMDRIP.NS stock fell 35.99% intraday likely due to profit‑taking after stretched multiples, negative technical momentum and concentrated selling. High PE and PB made the stock vulnerable once sentiment rotated away from valuation.
What is the nearest technical support on RMDRIP.NS stock?
The nearest technical support is the 200‑day average at INR 75.83. If that fails, the stock’s year low INR 33.10 becomes a longer‑term reference, though such a move would need large volume.
How does Meyka AI view RMDRIP.NS stock performance?
Meyka AI rates RMDRIP.NS 69.42/100 (Grade B, HOLD) and its model projects a yearly level of INR 140.42, implying ~79.25% upside from current prices. Forecasts are model projections, not guarantees.
Should intraday traders buy RMDRIP.NS stock after today’s fall?
Intraday traders may consider small, disciplined entries only if volume confirms a reversal and price holds above INR 75.83. Use tight stops and limit exposure because volatility and valuation risk remain high.
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.