Tijaria Polypipes Ltd Hits Lower Circuit Amid Heavy Selling Pressure

Market Performance and Price Action

On 13 Feb 2026, Tijaria Polypipes Ltd’s share price closed at ₹5.85, marking the maximum permissible daily loss of 4.88%. This decline was notably steeper than the sector’s 1.76% fall and the Sensex’s 0.98% drop on the same day. The stock’s price band was set at ₹5, and it traded exclusively at the lower circuit price, indicating a complete absorption of selling interest at this level.

The total traded volume was approximately 6,595 shares (0.06595 lakhs), with a turnover of ₹0.003858 crore, reflecting subdued liquidity despite the sharp price movement. The stock’s high and low price for the day were identical at ₹5.85, underscoring the circuit filter’s activation and the absence of any upward price movement during the session.

Investor Sentiment and Trading Dynamics

Investor participation has been waning, with delivery volumes on 12 Feb falling drastically by 97.99% compared to the five-day average, down to just 6,400 shares. This sharp drop in delivery volume suggests a significant reduction in genuine buying interest, exacerbating the selling pressure. The stock has been on a consecutive four-day losing streak, cumulatively shedding 18.3% in value over this period, signalling sustained bearish sentiment.

The moving average analysis presents a mixed picture. While the stock price remains above its 20-day, 50-day, and 100-day moving averages, it is trading below the 5-day and 200-day averages. This divergence indicates short-term weakness despite some underlying medium-term support levels, which have so far failed to arrest the recent decline.

Fundamental and Market Context

Tijaria Polypipes Ltd operates within the Plastic Products - Industrial sector, a segment that has faced headwinds due to fluctuating raw material costs and subdued demand from end-user industries. The company’s micro-cap market capitalisation stands at a modest ₹18 crore, which often translates to higher volatility and susceptibility to sharp price swings on relatively low volumes.

MarketsMOJO’s latest assessment downgraded Tijaria Polypipes Ltd’s Mojo Grade from ‘Sell’ to a more severe ‘Strong Sell’ on 23 Dec 2024, reflecting deteriorating fundamentals and weak market positioning. The current Mojo Score of 17.0 further underscores the negative outlook, signalling caution for investors holding or considering exposure to this stock.

Despite the recent price weakness, the stock’s liquidity remains adequate for small trade sizes, with a 2% threshold of the five-day average traded value supporting transactions up to ₹0.01 crore. However, the sharp fall and circuit hit suggest that liquidity may dry up quickly if selling intensifies further.

Technical Indicators and Risk Factors

The activation of the lower circuit limit is a clear indication of panic selling and unfilled supply overwhelming demand. Such a scenario often triggers stop-loss orders and margin calls, which can accelerate the downward momentum. The stock’s failure to recover above the lower circuit price during the session highlights the absence of buyers willing to absorb the selling pressure at higher levels.

Investors should be wary of the stock’s recent trend, as the consecutive four-day decline and the maximum daily loss point to a fragile technical setup. The divergence in moving averages suggests that while medium-term support exists, short-term momentum is decidedly negative. This combination increases the risk of further downside unless there is a significant change in market sentiment or company fundamentals.

Implications for Investors

For current shareholders, the lower circuit hit and sustained selling pressure signal a need for reassessment of their positions. The stock’s strong sell rating and poor Mojo Score suggest that holding through this volatility may expose investors to further losses. The lack of buyer interest and falling delivery volumes indicate that the market consensus is bearish, with limited near-term catalysts to reverse the trend.

Potential investors should exercise caution and consider the stock’s micro-cap status, which inherently carries higher risk due to lower liquidity and greater price swings. The recent downgrade and technical weakness imply that Tijaria Polypipes Ltd is not currently a favourable investment within the Plastic Products - Industrial sector.

Market participants are advised to monitor the stock closely for any signs of stabilisation or fundamental improvement before considering entry. Until then, the prevailing sentiment and technical indicators favour a cautious or defensive stance.

Sector and Broader Market Comparison

Compared to its sector peers, Tijaria Polypipes Ltd’s underperformance is stark. The sector declined by 1.76% on the day, less than half the stock’s fall, while the Sensex’s modest 0.98% drop reflects a relatively stable broader market environment. This divergence highlights company-specific challenges rather than systemic sector or market issues.

Investors looking for exposure to the Plastic Products - Industrial sector may find better risk-adjusted opportunities among larger, more liquid companies with stronger fundamentals and less volatile price action.

Conclusion

Tijaria Polypipes Ltd’s plunge to the lower circuit price limit on 13 Feb 2026 epitomises the intense selling pressure and investor unease surrounding this micro-cap stock. The maximum daily loss of 4.88%, coupled with falling delivery volumes and a strong sell rating, paints a challenging picture for the company’s near-term prospects. While medium-term moving averages offer some technical support, the prevailing market sentiment remains bearish, driven by panic selling and unfilled supply.

Investors should approach Tijaria Polypipes Ltd with caution, considering the heightened risks and limited liquidity. Alternative investment options within the sector and broader market may provide more stable and rewarding opportunities.

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