Tijaria Polypipes Ltd Hits Lower Circuit Amid Intense Selling Pressure

Stock Performance and Market Context

Tijaria Polypipes Ltd (Stock ID: 749080) closed at ₹4.48 on 25 Feb 2026, down by ₹0.06 or 1.32% from the previous close. The stock’s price fluctuated between a high of ₹4.54 and a low of ₹4.32 during the session, ultimately hitting the lower circuit price band of ₹4.32, which capped further losses for the day. This decline was sharper than the sector’s modest gain of 0.32% and the Sensex’s 0.57% rise, highlighting Tijaria’s underperformance relative to broader market and industry peers.

The stock has been on a relentless downward trajectory, losing value for 12 consecutive trading days and eroding 38.55% of its market price during this period. This sustained fall reflects mounting investor concerns over the company’s fundamentals and market positioning.

Heavy Selling Pressure and Liquidity Dynamics

Trading volumes on 25 Feb 2026 were subdued, with total traded volume at approximately 35,934 shares (0.35934 lakh), generating a turnover of ₹0.0157 crore. Despite the relatively low turnover, the stock’s liquidity remains adequate for trades up to ₹0 crore based on 2% of the five-day average traded value, indicating that the market can absorb moderate-sized transactions without significant price disruption.

However, delivery volumes have sharply declined, with only 4,020 shares delivered on 24 Feb 2026, down 63.1% from the five-day average delivery volume. This drop in investor participation suggests a growing reluctance among shareholders to hold the stock amid the ongoing downtrend, further exacerbating the selling pressure.

Technical Indicators and Moving Averages

Technically, Tijaria Polypipes is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a strong bearish momentum. The stock’s failure to breach these resistance levels indicates a lack of buying interest and a continuation of the downtrend in the near term.

Fundamental and Market Capitalisation Overview

Tijaria Polypipes Ltd operates within the Plastic Products - Industrial sector, catering primarily to industrial applications of plastic piping solutions. The company’s market capitalisation stands at a modest ₹13.00 crore, categorising it as a micro-cap stock. This small market cap often translates to higher volatility and susceptibility to sharp price movements on relatively low volumes.

From a ratings perspective, the company’s Mojo Score has deteriorated to 12.0, with the Mojo Grade downgraded from ‘Sell’ to a ‘Strong Sell’ as of 23 Dec 2024. This downgrade reflects a worsening outlook based on MarketsMOJO’s comprehensive analysis, which factors in financial metrics, price trends, and sectoral comparisons. The Market Cap Grade remains low at 4, underscoring the company’s limited scale and liquidity challenges.

Investor Sentiment and Panic Selling

The persistent decline and the recent lower circuit hit have triggered panic selling among retail and institutional investors alike. The unfilled supply of shares at lower price levels indicates that sellers are aggressively offloading positions, while buyers remain hesitant to step in. This imbalance has created a downward spiral, with the stock price being capped by the circuit filter to prevent excessive intraday losses.

Such episodes of panic selling often reflect broader concerns about the company’s earnings prospects, competitive pressures, or sectoral headwinds. In Tijaria’s case, the plastic products industry faces challenges from fluctuating raw material costs and competitive pricing pressures, which may be weighing on investor confidence.

Comparative Sector and Market Analysis

While the Plastic Products - Industrial sector has shown resilience with a 0.32% gain on the day, Tijaria Polypipes’ underperformance by 3.53% relative to its sector peers highlights company-specific issues. The Sensex’s positive return of 0.57% further accentuates the stock’s weak showing, suggesting that the decline is not driven by broader market trends but rather by internal factors.

Outlook and Investor Considerations

Given the current technical and fundamental landscape, Tijaria Polypipes Ltd remains under significant pressure. The strong sell rating and the stock’s failure to find support near current levels suggest that investors should exercise caution. The persistent downtrend and falling delivery volumes indicate weak conviction among holders, which could prolong the negative momentum.

Investors looking to enter or add to positions in Tijaria should closely monitor key support levels and any signs of stabilisation in volumes or price action. Conversely, those holding the stock may consider re-evaluating their exposure in light of the deteriorating outlook and the availability of better opportunities within the sector or broader market.

Summary

Tijaria Polypipes Ltd’s plunge to the lower circuit on 25 Feb 2026 epitomises the challenges faced by micro-cap stocks in volatile sectors. Heavy selling pressure, unfilled supply, and declining investor participation have combined to drive the stock down by over 38% in less than three weeks. With a strong sell rating and weak technical indicators, the stock remains vulnerable to further declines unless there is a meaningful shift in fundamentals or market sentiment.

Market participants should weigh the risks carefully and consider alternative investments that offer stronger momentum and more favourable valuations.

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