TCI Finance Ltd Hits Lower Circuit Amid Heavy Selling Pressure

Feb 16 2026 03:00 PM IST
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Shares of TCI Finance Ltd, a micro-cap player in the Non Banking Financial Company (NBFC) sector, plunged to their lower circuit limit on 16 Feb 2026, reflecting intense selling pressure and a sharp decline in investor confidence. The stock recorded a maximum daily loss of 2.61%, closing at ₹14.43, down from its previous close, amid panic selling and unfilled supply in the market.
TCI Finance Ltd Hits Lower Circuit Amid Heavy Selling Pressure

Market Performance and Price Action

On the trading day, TCI Finance Ltd’s stock price moved within a band of ₹13.85 to ₹15.19, ultimately settling near the lower end at ₹14.43. The stock hit its lower circuit, triggering an automatic halt to further declines for the day. This marked a continuation of a negative trend, as the stock has now recorded losses for four consecutive sessions, cumulatively falling by 11.7% over this period.

The day’s trading volume stood at approximately 60,670 shares (0.6067 lakh), with a turnover of ₹0.0879 crore, indicating relatively subdued liquidity despite the sharp price movement. The stock underperformed its sector by 0.97% and lagged behind the broader Sensex, which gained 0.66% on the same day.

Technical Indicators and Moving Averages

TCI Finance is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning signals sustained bearish momentum and weak investor sentiment. The stock’s declining trend is further corroborated by a significant drop in delivery volume, which fell by 69.02% on 13 Feb compared to its 5-day average, suggesting waning investor participation and a lack of conviction among buyers.

Investor Sentiment and Market Context

The micro-cap nature of TCI Finance Ltd, with a market capitalisation of just ₹19.00 crore, exposes it to heightened volatility and susceptibility to sharp price swings. The company’s Mojo Score currently stands at 33.0, with a Mojo Grade of ‘Sell’, downgraded from ‘Strong Sell’ as of 30 Dec 2025. This rating reflects ongoing concerns about the company’s fundamentals and market positioning within the NBFC sector.

Investors appear to be reacting to a combination of sectoral headwinds and company-specific challenges, leading to panic selling and a build-up of unfilled supply. The stock’s liquidity, while adequate for small trade sizes, remains limited relative to larger NBFC peers, amplifying price fluctuations on heavy selling days.

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Sectoral Comparison and Broader NBFC Trends

Within the NBFC sector, TCI Finance’s performance contrasts with more resilient large-cap peers that have managed to sustain or improve valuations amid tightening credit conditions and regulatory scrutiny. The sector’s 1-day return was marginally positive at 0.01%, underscoring the stock’s relative weakness.

Investors are increasingly favouring NBFCs with stronger balance sheets, diversified loan portfolios, and robust asset quality metrics. TCI Finance’s micro-cap status and limited market presence place it at a disadvantage, especially in a market environment where risk aversion is rising.

Liquidity and Trading Dynamics

Liquidity remains a critical concern for TCI Finance Ltd. The stock’s average traded value over five days supports a maximum trade size of approximately ₹0 crore based on 2% of the average traded value, indicating that institutional investors may find it challenging to build or exit sizeable positions without impacting the price significantly.

The combination of falling investor participation, as evidenced by the sharp decline in delivery volumes, and the stock’s failure to attract buyers at lower price levels has resulted in a persistent supply overhang. This unfilled supply has contributed to the stock hitting its lower circuit, as sellers outnumber buyers substantially.

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Outlook and Investor Considerations

Given the current technical and fundamental backdrop, TCI Finance Ltd remains a high-risk proposition for investors. The downgrade in Mojo Grade to ‘Sell’ reflects deteriorating quality metrics and a cautious stance from market analysts. The stock’s persistent underperformance relative to sector and benchmark indices suggests limited near-term upside potential.

Investors should closely monitor developments in the NBFC sector, including regulatory changes and credit market conditions, which could influence TCI Finance’s recovery prospects. Additionally, improving liquidity and a reduction in unfilled supply will be critical for any meaningful price rebound.

For those holding positions, risk management strategies such as stop-loss orders and portfolio diversification are advisable to mitigate downside risks. Prospective investors may consider alternative NBFC stocks with stronger fundamentals and better liquidity profiles.

Summary

TCI Finance Ltd’s stock hitting the lower circuit on 16 Feb 2026 highlights the severe selling pressure and negative sentiment engulfing this micro-cap NBFC. The maximum daily loss of 2.61%, coupled with falling volumes and unfilled supply, underscores the challenges faced by the company in regaining investor confidence. While the broader NBFC sector shows signs of resilience, TCI Finance’s technical weakness and liquidity constraints warrant caution.

Investors are advised to evaluate their exposure carefully and consider more stable alternatives within the sector or beyond, as identified by market research tools and thematic lists.

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