Volume 831,016 in RAJRAYON.NS Raj Rayon (NSE) 23 Feb 2026: intraday targets
RAJRAYON.NS stock is trading at INR 35.00 on the NSE after an intraday volume spike of 831,016 shares, versus an average volume of 34.00. The surge has lifted relative volume to 24,441.65, flagging heightened liquidity and short-term volatility for Raj Rayon Industries Limited in India. Traders should note the wide intraday range (day low INR 0.35, day high INR 35.00) and the proximity to the 50-day average of INR 32.31 and 200-day average of INR 32.95, which frame near-term support and resistance for intraday strategies.
Intraday volume spike and price action for RAJRAYON.NS stock
Trading in RAJRAYON.NS stock shows a clear liquidity event with 831,016 shares traded today. That compares with an average daily volume of 34.00, producing a relative volume of 24,441.65, a classic volume spike signal that can foreshadow follow-through moves.
Price is unchanged at INR 35.00 from the previous close, but the intraday high and low (high INR 35.00, low INR 0.35) indicate sharp price swings. For intraday traders, the key fact is elevated volume, which improves execution and increases the odds of momentum continuation or quick reversals.
Fundamentals and key metrics for RAJRAYON.NS stock
Fundamentally, Raj Rayon Industries Limited reports an EPS of 1,869.65 and a reported PE of 0.02, data points that appear inconsistent with peer norms and suggest care in interpretation. Book value per share stands at INR -1,747.74, while cash per share is INR 10.60, highlighting balance sheet stress alongside available liquidity.
Other metrics: 50-day average price INR 32.31, 200-day average price INR 32.95, enterprise value INR 7,093,286,000.00, and a current ratio of 0.03. Investors should treat these figures as inputs to deeper due diligence and cross-check with company filings and exchange disclosures source and live market quotes source.
Technical context and sector comparison for RAJRAYON.NS stock
Technically, RAJRAYON.NS stock trades just above its short- and medium-term averages (50-day INR 32.31, 200-day INR 32.95). The intraday volume spike raises the odds of a breakout if buyers sustain momentum above INR 35.00. Failure to hold INR 32.31 could invite quick selling.
On sector context, Raj Rayon sits in Consumer Cyclical > Apparel – Manufacturers. The sector’s YTD performance is roughly -2.90%, and sector averages (ROE ~12.69%, PB ~3.60) contrast with Raj Rayon’s negative book value and compressed liquidity metrics, underlining elevated company-specific risk.
Meyka AI grade and technical analysis for RAJRAYON.NS stock
Meyka AI rates RAJRAYON.NS with a score of 56.93 / 100 and a grade of C+ (HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and are not financial advice.
From a technical angle, the volume spike increases short-term tradeability but does not change long-term fundamentals. Key warning signs remain: negative book value (INR -1,747.74) and a current ratio of 0.03. Traders should size positions for volatility and use stop levels near INR 32.31.
Trading strategy and risks for RAJRAYON.NS stock
Strategy: For intraday traders, use the volume spike to enter on confirmed momentum above INR 35.00 with tight stops near INR 33.00 and a first profit target near INR 40.00. The elevated relative volume improves trade execution and short-term liquidity.
Risks: Structural balance sheet issues and anomalous ratios (negative book value, current ratio 0.03) raise event risk. Given thin historical averages and reporting oddities, avoid outsized positions. Verify corporate disclosures before holding overnight.
Short-term outlook and price targets for RAJRAYON.NS stock
Immediate resistance sits at INR 40.00 and INR 46.00, while support is near the 50-day average INR 32.31 and INR 28.00. Intraday traders should watch volume continuation and order-book depth to confirm moves.
Meyka AI’s trade-focused view: if volume sustains, a measured rally to INR 46.00 is plausible. If selling pressure returns, a drop toward INR 28.00 is realistic. These levels guide short-term stop and target placement for intraday and swing trades.
Final Thoughts
The intraday volume spike in RAJRAYON.NS stock — 831,016 shares versus an average 34.00 — creates a high-probability short-term trading setup on NSE India. For intraday traders, the key is momentum confirmation above INR 35.00 with tight risk controls near INR 32.31. Fundamental red flags remain, including a negative book value (INR -1,747.74) and a low current ratio (0.03), which increase downside risk on failed breakouts. Meyka AI’s forecast model projects a 12-month target of INR 46.00, implying an upside of 31.43% from the current INR 35.00; forecasts are model-based projections and not guarantees. Use volume confirmation and strict position sizing if trading this name intraday, and cross-check official filings before any multi-day exposure. Meyka AI is referenced here as an AI-powered market analysis platform
FAQs
What caused the RAJRAYON.NS stock volume spike today?
The spike to 831,016 shares likely reflects a liquidity event or concentrated buying. High relative volume (24,441.65) often follows news, block trades, or algorithm activity. Verify corporate announcements and exchange disclosures before trading.
Is RAJRAYON.NS stock a buy after the intraday move?
Given negative book value (INR -1,747.74) and a weak current ratio (0.03), the Meyka AI grade is C+ (HOLD). Intraday trades can work on momentum, but avoid large overnight positions without deeper due diligence.
What short-term targets should traders use for RAJRAYON.NS stock?
For intraday traders, use a stop near INR 32.31, first target INR 40.00, and a stretch target INR 46.00 if volume sustains. Adjust risk size for high volatility and event risk.
How reliable is Meyka AI’s RAJRAYON.NS stock forecast?
Meyka AI’s forecast is a model-based projection and not a guarantee. The projected INR 46.00 target reflects historical patterns and current price structure. Always combine model output with company filings and market checks.
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.