Intraday Price Movement and Trading Activity
On 21 Nov 2025, Promax Power’s stock opened at Rs.22.7, representing an opening gap down of 8.1% compared to the previous close. The share price remained at this level throughout the trading session, with the intraday low matching the opening price. Notably, the stock did not exhibit any price range movement during the day, indicating a lack of volatility and limited buying interest at this level.
Over the past 20 trading days, Promax Power’s shares did not trade on one occasion, suggesting sporadic liquidity concerns. The stock’s recent price action followed two consecutive days of gains, signalling a reversal in trend as the downward pressure resumed.
Comparison with Sector and Market Benchmarks
Promax Power underperformed its sector peers, with a day’s performance lagging the construction sector by 7.11%. This underperformance occurred despite the broader market’s mixed signals. The Sensex opened 285.28 points lower, trading at 85,243.02, down 0.46% on the day. The benchmark index remains close to its 52-week high of 85,801.70, trading just 0.66% below that peak and maintaining a bullish stance above its 50-day and 200-day moving averages.
In contrast, Promax Power’s share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning highlights the stock’s current weakness relative to both its historical price levels and the broader market trend.
Transformation in full progress! This Micro Cap from Auto Ancillary just achieved sustainable profitability after tough times. Be early to witness this powerful comeback story!
- - Sustainable profitability reached
- - Post-turnaround strength
- - Comeback story unfolding
Long-Term Performance and Valuation Metrics
Over the last year, Promax Power’s stock has recorded a return of -44.63%, a stark contrast to the Sensex’s positive 10.48% return over the same period. The stock’s 52-week high was Rs.56.35, underscoring the extent of the decline to the current low of Rs.22.7. This performance also trails the BSE500 index across multiple time frames, including the last three years, one year, and three months.
From a valuation perspective, the company’s return on capital employed (ROCE) stands at 10.2%, which suggests a fair valuation relative to its enterprise value to capital employed ratio of 1.7. Despite the stock’s price decline, the company’s profits have shown a rise of 71% over the past year, indicating some operational gains amid the challenging market environment.
Financial Health and Debt Servicing Capacity
Promax Power’s ability to service its debt remains a concern, with an average EBIT to interest ratio of 1.51. This ratio points to limited coverage of interest expenses by earnings before interest and tax, which may weigh on investor confidence. Additionally, the company has not declared financial results in the last six months, contributing to uncertainty regarding its current financial standing.
The flat results reported in March 2023 further reflect the subdued financial momentum, with the company’s long-term and near-term performance remaining below par compared to industry standards.
Holding Promax Power from Construction? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Shareholding and Market Capitalisation
The majority shareholding in Promax Power is held by promoters, maintaining a concentrated ownership structure. The company’s market capitalisation grade is rated at 4, reflecting its position within the mid-tier market cap segment. This classification aligns with the stock’s current trading range and liquidity profile.
Despite the recent price decline, the stock’s valuation metrics and profit growth suggest a complex picture where financial improvements coexist with market scepticism and price weakness.
Summary of Current Market Context
Promax Power’s fall to a 52-week low of Rs.22.7 comes amid a broader market environment where the Sensex remains resilient near its yearly highs. The stock’s underperformance relative to both sector peers and the benchmark index highlights specific challenges faced by the company. Trading below all major moving averages and exhibiting limited intraday price movement, the stock reflects a cautious market stance.
While the company’s profit growth over the past year indicates some operational progress, concerns over debt servicing and the absence of recent financial disclosures contribute to the subdued market valuation. The stock’s trajectory over the past year, with returns significantly below the benchmark, underscores the difficulties encountered in regaining investor confidence.
Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
