Viji Finance Ltd Falls 4.48%: Circuit Hits and Volatility Mark the Week

23 February: Upper Circuit Hit Reflects Sudden Buying Surge

On 23 Feb 2026, Viji Finance Ltd’s shares surged to hit the upper circuit limit, closing at Rs.2.32, a gain of 4.98% for the day. This sharp rally outperformed the Sensex’s 0.39% gain and the NBFC sector’s modest 0.75% rise, indicating strong buying interest in the stock. However, trading volumes remained subdued at approximately 8,896 shares, suggesting that the price surge was driven by limited liquidity and speculative demand rather than broad-based institutional participation.

The stock’s delivery volumes had declined by 34.3% compared to the five-day average, signalling a drop in genuine investor participation despite the price rally. Technically, the stock was above its 5-day moving average but remained below longer-term averages, reflecting short-term momentum amid a generally subdued trend. The micro-cap stock’s market capitalisation stood at Rs.32 crore, underscoring its vulnerability to liquidity constraints and speculative swings.

24 February: Sharp Reversal Triggers Lower Circuit Amid Heavy Selling

The following day, 24 Feb 2026, the stock reversed sharply, hitting the lower circuit limit and closing at Rs.2.21, down 3.49%. This decline was significantly steeper than the Sensex’s 0.78% fall and the NBFC sector’s 0.73% drop, highlighting company-specific selling pressure. The stock traded between Rs.2.27 and Rs.2.18, with the lower bound coinciding with the circuit limit, triggering an automatic trading halt.

Volume surged to approximately 2.24 lakh shares, reflecting heightened investor activity amid the sell-off. Delivery volumes on 23 Feb had increased by 61.09% compared to the five-day average, but the heavy selling on 24 Feb suggested profit-taking or panic selling. Technically, the stock remained above its 5-day moving average but below all longer-term averages, indicating short-term support but persistent medium- and long-term weakness.

MarketsMOJO’s Mojo Score for Viji Finance deteriorated to 29.0, categorised as a Strong Sell, reflecting concerns over fundamentals and price volatility. The stock’s micro-cap status and limited liquidity add to the risks, with the lower circuit hit underscoring the fragile investor sentiment.

25 February: Consecutive Lower Circuit Highlights Continued Downside Pressure

On 25 Feb 2026, Viji Finance Ltd plunged again to hit the lower circuit, closing at Rs.2.10, down 4.11%. This marked the second consecutive day of maximum permissible loss, signalling sustained heavy selling pressure. The stock’s intraday low approached the circuit limit of Rs.2.09, with total traded volume rising to approximately 6.84 lakh shares, indicating significant investor interest in offloading positions.

Delivery volumes declined by 48.03% compared to the five-day average, suggesting a drop in genuine investor participation and a rise in speculative or panic selling. The stock’s 8.3% loss over the two days starkly contrasted with the NBFC sector’s 0.05% gain and the Sensex’s 0.18% rise, highlighting company-specific vulnerabilities amid a relatively stable market backdrop.

Technically, the stock traded below all key moving averages, signalling a bearish trend. The Mojo Score remained at a low 29.0 with a Strong Sell rating, reflecting deteriorating fundamentals and heightened risk. The NBFC sector’s tightening credit conditions and regulatory scrutiny have disproportionately impacted smaller players like Viji Finance, exacerbating volatility and price declines.

27 February: Week Ends with Modest Recovery but Overall Loss

On the final trading day of the week, 27 Feb 2026, Viji Finance Ltd recovered slightly, closing at Rs.2.13, up 2.40% from the previous day’s close of Rs.2.08. Despite this rebound, the stock ended the week down 4.48% from Rs.2.23, underperforming the Sensex’s 0.96% decline. The Sensex itself fell 1.16% on 27 Feb, reflecting broader market weakness.

Trading volumes on 27 Feb were low at 15,045 shares, indicating cautious investor participation. The stock remains below all major moving averages, and the Mojo Score continues to signal a Strong Sell. This modest recovery may reflect short-term bargain hunting but does not alter the prevailing bearish technical and fundamental outlook.

Key Takeaways

Positive Signals: The upper circuit hit on 23 Feb demonstrated strong short-term buying interest and momentum, with the stock briefly outperforming the broader market and sector. The slight recovery on 27 Feb suggests some bargain hunting after two days of steep declines.

Cautionary Signals: Consecutive lower circuit hits on 24 and 25 Feb highlight intense selling pressure and fragile investor sentiment. The stock’s persistent trading below all major moving averages and a low Mojo Score of 29.0 (Strong Sell) reflect deteriorating fundamentals and technical weakness. Limited liquidity and micro-cap status exacerbate volatility and risk.

The divergence between Viji Finance’s sharp price swings and the relatively stable NBFC sector and Sensex underscores company-specific challenges, including possible credit quality concerns and regulatory pressures common in smaller NBFCs.

Conclusion

Viji Finance Ltd’s week was characterised by extreme volatility, with a sharp rally followed by steep declines culminating in a 4.48% weekly loss. The stock’s performance diverged markedly from the broader market and sector, reflecting idiosyncratic risks and liquidity constraints typical of micro-cap NBFCs. Despite brief bursts of buying enthusiasm, the prevailing technical and fundamental indicators remain weak, underscoring the need for caution. Investors should closely monitor liquidity trends, delivery volumes, and any corporate developments before considering exposure to this stock.

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