Tijaria Polypipes Ltd Hits Lower Circuit Amid Heavy Selling Pressure

Stock Performance and Market Context

Tijaria Polypipes Ltd (Stock ID: 749080) has been under sustained selling pressure, culminating in a seven-day consecutive fall that has eroded 29.33% of its value. On 18 Feb 2026, the stock’s last traded price (LTP) stood at ₹5.29, unchanged from the previous day’s close but effectively at the lower circuit limit, signalling a trading halt triggered by the maximum permissible daily loss of 5%. The price band for the day was set at 5%, with the stock’s intraday high and low recorded at ₹5.29 and ₹5.03 respectively.

In comparison, the broader sector declined by a modest 0.25%, while the Sensex marginally gained 0.03%, underscoring Tijaria Polypipes’ significant underperformance. The stock’s 1-day return was -2.27%, further highlighting the steep downward momentum relative to its peers and the benchmark indices.

Trading Volumes and Liquidity Analysis

Trading volumes for Tijaria Polypipes Ltd on 18 Feb 2026 were subdued, with total traded volume at approximately 42,135 shares (0.42135 lakh) and turnover amounting to ₹0.021 crore. This volume is relatively low, reflecting a liquidity constraint typical of micro-cap stocks, which have a market capitalisation of just ₹15.00 crore. Despite this, the stock remains liquid enough to accommodate trade sizes up to ₹0 crore based on 2% of the 5-day average traded value, indicating limited but consistent market participation.

Investor participation has notably declined, with delivery volumes on 17 Feb 2026 falling by 68.51% to 6,550 shares compared to the 5-day average. This drop in delivery volume suggests a waning conviction among long-term holders, possibly due to deteriorating fundamentals or negative market sentiment.

Technical Indicators and Moving Averages

From a technical standpoint, Tijaria Polypipes Ltd’s price action reveals a mixed picture. The stock is trading above its 20-day and 50-day moving averages, which could indicate some short-term support. However, it remains below its 5-day, 100-day, and 200-day moving averages, signalling a longer-term bearish trend. This divergence in moving averages often reflects market indecision but, in this case, the prevailing downward pressure has dominated, as evidenced by the recent price falls and the lower circuit hit.

Investor Sentiment and Market Reaction

The persistent decline and eventual lower circuit hit have triggered panic selling among retail and institutional investors alike. The stock’s Mojo Score of 17.0 and a recent downgrade from a ‘Sell’ to a ‘Strong Sell’ grade on 23 Dec 2024 by MarketsMOJO reflect the deteriorating outlook. This downgrade was driven by weakening financial metrics and a lack of positive catalysts in the near term.

Market participants have noted the unfilled supply at lower price levels, which has exacerbated the downward spiral. The inability of buyers to absorb the selling pressure has led to a liquidity squeeze, further pushing the stock towards its circuit limit. Such a scenario often signals heightened risk and volatility, especially for micro-cap stocks with limited market depth.

Fundamental and Sectoral Considerations

Tijaria Polypipes operates in 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 status with a market cap of ₹15 crore places it at a disadvantage compared to larger peers, limiting its ability to withstand market shocks or capitalise on sectoral upswings.

While the stock’s current price is above the 20-day and 50-day moving averages, the broader trend remains negative, reflecting ongoing challenges in the sector and company-specific issues. Investors should be cautious and closely monitor upcoming quarterly results and management commentary for signs of recovery or further deterioration.

Outlook and Investor Guidance

Given the current market dynamics, investors should exercise caution with Tijaria Polypipes Ltd. The strong sell rating and the recent price action suggest that the stock may continue to face downward pressure unless there is a significant improvement in sector fundamentals or company performance. The micro-cap nature of the stock adds to the risk profile, with limited liquidity and higher volatility.

For those holding the stock, it is advisable to reassess portfolio exposure and consider alternative investments with stronger fundamentals and better liquidity. New investors should await clearer signs of stability and positive momentum before initiating positions.

Market analysts will be closely watching the company’s upcoming financial disclosures and any strategic initiatives aimed at improving operational efficiency or expanding market share. Until then, the prevailing sentiment remains bearish, and the risk of further declines cannot be discounted.

Summary

Tijaria Polypipes Ltd’s lower circuit hit on 18 Feb 2026 underscores the intense selling pressure and negative sentiment surrounding this micro-cap stock. With a 7-day consecutive decline of nearly 30%, a strong sell rating, and deteriorating investor participation, the stock faces significant headwinds. While some technical indicators offer limited support, the overall outlook remains weak amid sectoral challenges and liquidity constraints. Investors should approach with caution and consider peer comparisons to identify more stable opportunities.

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