Key Events This Week
27 Jan: Upper circuit hit amid strong buying pressure (Rs.2.61 intraday high)
28 Jan: Upper circuit again despite weak fundamentals (Rs.2.62 intraday high)
29 Jan: Lower circuit plunge on heavy selling pressure (Rs.2.34 close)
30 Jan: Sharp rebound to upper circuit close (Rs.2.41)
27 January: Upper Circuit Triggered on Strong Buying Momentum
Viji Finance Ltd opened the week on a positive note, surging to hit the upper circuit limit at Rs.2.61 intraday, closing at Rs.2.54, a 0.79% gain on the day. This price action was driven by robust buying interest and increased investor participation, with volume reaching 37,082 shares. The stock outperformed the Sensex, which rose 0.50%, signalling selective demand despite the company’s challenging fundamentals.
However, the stock remained below all key moving averages, reflecting a prevailing bearish trend. The regulatory freeze triggered by the upper circuit hit indicated unfilled buy orders, highlighting strong latent demand but also limited liquidity typical of a micro-cap stock with a market capitalisation of approximately ₹36 crore.
28 January: Upper Circuit Again Despite Weak Fundamentals and Sector Outperformance
On 28 January, Viji Finance Ltd again hit the upper circuit limit, closing at Rs.2.44, down 3.94% from the previous close but with an intraday high of Rs.2.62, the maximum daily price band. The stock’s price action was marked by intense buying pressure, though it underperformed the NBFC sector’s 1.71% gain and the Sensex’s 0.52% rise.
Trading volume declined sharply to 11,197 shares, and delivery volumes dropped by nearly 30%, suggesting waning long-term investor interest. The persistent downtrend below all moving averages and the company’s Strong Sell Mojo Grade underscored the disconnect between short-term speculative demand and weak fundamentals.
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29 January: Sharp Decline to Lower Circuit Amid Heavy Selling
The stock reversed sharply on 29 January, plunging to hit the lower circuit limit at Rs.2.34, closing down 4.10% on the day. This 4.88% intraday loss reflected intense selling pressure and panic among investors, with volume spiking to 221,318 shares. Delivery volumes fell by 26.09%, signalling reduced investor conviction and heightened risk aversion.
Viji Finance’s underperformance was stark compared to the NBFC sector’s modest 0.17% gain and the Sensex’s 0.38% rise. The stock’s fall below all key moving averages and its Strong Sell Mojo Grade highlighted deteriorating fundamentals and a bearish technical outlook. The micro-cap status and limited liquidity exacerbated price volatility during this sell-off.
30 January: Rebound to Upper Circuit Close on Renewed Buying Interest
In a notable turnaround, Viji Finance Ltd surged on 30 January to hit the upper circuit limit again, closing at Rs.2.42, a 3.42% gain. The stock outperformed the NBFC sector, which declined 0.74%, and the Sensex, which fell 0.22%. Trading volume was 18,833 shares, with delivery volumes rising 30.27%, indicating renewed investor conviction.
Despite this rebound, the stock remained below all major moving averages, suggesting the broader trend remains bearish. The regulatory freeze on further price increases left unfilled buy orders, potentially setting the stage for continued volatility. The fundamental outlook remains challenged, with the company’s Mojo Score at 29.0 and a Strong Sell rating.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.2.54 | +0.79% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.2.44 | -3.94% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.2.34 | -4.10% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.2.42 | +3.42% | 36,185.03 | -0.22% |
Key Takeaways
Volatility and Price Swings: The stock exhibited extreme volatility, hitting upper circuit limits on three separate days and plunging to the lower circuit on one, reflecting a highly speculative trading environment.
Fundamental Weakness: Despite intermittent buying interest, Viji Finance’s deteriorating fundamentals, reflected in its Strong Sell Mojo Grade of 29.0 and downgrade from Sell, continue to weigh heavily on investor sentiment.
Liquidity Constraints: The micro-cap status and limited market capitalisation of around ₹36 crore restrict liquidity, amplifying price swings and limiting institutional participation.
Investor Sentiment Fluctuations: Delivery volumes fluctuated significantly, indicating shifts between short-term speculative trading and cautious investor behaviour.
Conclusion
Viji Finance Ltd’s week was characterised by sharp intraday price movements and regulatory circuit triggers, underscoring the stock’s high-risk profile. While strong buying interest surfaced intermittently, the underlying weak fundamentals and bearish technical indicators suggest that the recent price rallies are unlikely to be sustained without a meaningful turnaround in the company’s financial health.
Investors should remain cautious given the stock’s micro-cap nature, limited liquidity, and persistent downtrend below key moving averages. Monitoring upcoming corporate announcements and sector developments will be crucial for assessing any potential shift in the stock’s outlook. Until then, volatility and uncertainty are expected to remain elevated.
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