SHALPRO.BO Shalimar Pro Ltd (BSE) 0.49 INR Mar 17 2026: Oversold bounce to 0.57

SHALPRO.BO stock closed at INR 0.49 on BSE on 17 Mar 2026, a level that flags a classic oversold-bounce setup for short-term traders. The share traded 21,758.00 shares against a 50-day average of 71,077.00, keeping liquidity tight and move size high for small flows. Fundamentals show a negative EPS of -0.01 and a price-to-book of 0.48, which supports a tactical rebound thesis rather than a long-term buy. We outline technical triggers, risks, and a measured trading plan with a quarterly target of INR 0.57 and risk controls

SHALPRO.BO stock snapshot

Price action shows SHALPRO.BO stock at INR 0.49 with no intraday change at market close on BSE; volume was 21,758.00 against an average of 71,077.00, which makes moves volatile and narrow liquidity a key consideration. Market cap stands at INR 482,320,873.00 and shares outstanding are 984,328,313.00, confirming the stock’s micro-cap profile and low free float impact on intraday swings.

Oversold bounce technical setup for SHALPRO.BO stock

Technicals show the price sitting at the lower band of its trading range with 50- and 200-day averages both at INR 0.49, which often precedes short squeezes on low-volume names. The stock’s relative volume of 0.82 signals that a modest increase in buying can push price higher quickly, making a short-term bounce to INR 0.57 plausible if demand reappears.

Fundamentals and key risks in SHALPRO.BO stock

Shalimar Productions reports negative profitability with EPS -0.01 and a trailing P/E of -49.00, showing the company is loss-making; this is a structural risk for buy-and-hold investors. Balance-sheet strengths include a current ratio of 6.03 and book value per share of INR 1.02, but extremely long inventory days (5,172.90) and weak operating margins increase operational risk for equity holders.

Meyka AI grade and model forecast for SHALPRO.BO stock

Meyka AI rates SHALPRO.BO with a score out of 100: 63.00 | Grade: B | Suggestion: HOLD. This grade factors S&P 500 benchmark comparison, sector and industry performance, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects a quarterly price of INR 0.57, a one-year projection near INR 0.50, and multi-year stability around INR 0.50; these model-based figures imply a short-term upside of 16.33% to the quarterly target from the current INR 0.49. Forecasts are model-based projections and not guarantees.

Trading plan, price targets and risk controls for SHALPRO.BO stock

We recommend a tactical oversold-bounce trade size only, with a short-term target of INR 0.57 and a conservative exit if price falls below INR 0.44 to limit downside. Use small position sizing because average liquidity is limited; set an intraday or daily stop and monitor volume spikes and news flow for reversal confirmation.

Sector context and how it affects SHALPRO.BO stock

Shalimar sits in Media & Entertainment under the Technology sector, which is down 19.14% YTD in broader data, increasing correlation risk to sector moves. The company’s price-to-book of 0.48 compares favorably to many peers, but weak sector momentum means rebounds can be short-lived without fresh revenue catalysts.

Final Thoughts

SHALPRO.BO stock closed at INR 0.49 on BSE on 17 Mar 2026, creating an oversold bounce opportunity for disciplined short-term traders who accept micro-cap risks. Key positives include a low price-to-book of 0.48 and a strong current ratio 6.03, which provide a liquidation cushion; negatives are the negative EPS -0.01, extreme inventory days, and thin average volume 71,077.00 that amplify volatility. Meyka AI’s forecast model projects a quarterly target of INR 0.57, an implied upside of 16.33% versus the current price, and a one-year level near INR 0.50. Traders should size positions small, use a stop near INR 0.44, and wait for confirming volume above 30,000.00 shares or company-specific news before adding. Remember, Meyka AI is an AI-powered market analysis platform; forecasts and the Meyka grade are model outputs and not investment guarantees.

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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.