Market Performance and Price Action
On 24 Feb 2026, Viji Finance Ltd’s stock price dropped by ₹0.08, settling at ₹2.21, which was the lower circuit price limit for the day. The stock’s price band was set at ₹5, with the day’s high at ₹2.27 and low at ₹2.18. This decline represented a 3.49% loss, significantly worse than the Non Banking Financial Company (NBFC) sector’s 0.73% fall and the Sensex’s 0.82% decline on the same day.
The stock’s performance marked a reversal after three consecutive days of gains, signalling a shift in investor sentiment. Despite trading volumes of 2.24 lakh shares, the turnover was relatively low at ₹0.0496 crore, indicating that the selling pressure was concentrated but impactful enough to trigger the lower circuit.
Technical and Trend Analysis
Technically, Viji Finance Ltd’s last traded price (LTP) remained above its 5-day moving average but fell below its 20-day, 50-day, 100-day, and 200-day moving averages. This pattern suggests short-term resilience but longer-term weakness, which may have contributed to the heightened selling pressure as traders reacted to the stock’s inability to sustain higher levels.
Investor participation has been rising recently, with delivery volumes on 23 Feb reaching 7.63 lakh shares, a 61.09% increase compared to the 5-day average delivery volume. This surge in delivery volume indicates that more investors were holding shares, but the subsequent price drop and circuit hit suggest that many chose to exit positions amid growing concerns.
Fundamental and Market Context
Viji Finance Ltd operates within the NBFC sector, which has faced mixed fortunes amid tightening credit conditions and regulatory scrutiny. The company’s micro-cap status, with a market capitalisation of ₹31 crore, adds to its vulnerability to market volatility and liquidity constraints.
MarketsMOJO’s latest assessment downgraded Viji Finance Ltd’s Mojo Grade from Sell to Strong Sell on 21 Jan 2026, reflecting deteriorating fundamentals and heightened risk. The company’s Mojo Score stands at 29.0, signalling weak financial health and poor market sentiment. Additionally, the Market Cap Grade is rated 4, indicating limited market capitalisation strength relative to peers.
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Investor Sentiment and Panic Selling
The sharp decline and lower circuit hit reflect panic selling among investors, likely triggered by concerns over the company’s financial outlook and sector headwinds. The unfilled supply of shares at lower price levels suggests that sellers overwhelmed buyers, pushing the stock to its maximum permissible loss for the day.
Such circuit hits often indicate a lack of confidence and heightened volatility, especially in micro-cap stocks like Viji Finance Ltd, which are more susceptible to abrupt price swings due to lower liquidity and limited institutional participation.
Liquidity and Trading Dynamics
Despite the stock’s micro-cap status, liquidity remains adequate for moderate trade sizes, with turnover reflecting 2% of the 5-day average traded value. However, the relatively low turnover on the day of the circuit hit points to concentrated selling pressure rather than broad-based market activity.
Investors should note that the stock’s inability to sustain gains beyond the 5-day moving average and its failure to break above longer-term moving averages may continue to weigh on sentiment in the near term.
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Outlook and Investor Considerations
Given the current technical weakness, deteriorating fundamental scores, and the strong sell rating from MarketsMOJO, investors should exercise caution with Viji Finance Ltd. The stock’s micro-cap nature and recent panic selling episodes increase the risk of further volatility and downside.
Potential investors may want to monitor the stock’s ability to stabilise above key moving averages and watch for any improvement in liquidity and delivery volumes. Meanwhile, existing shareholders should consider the company’s financial health and sector outlook before making further commitments.
Comparatively, the NBFC sector has shown resilience in certain segments, but micro-cap players like Viji Finance Ltd face challenges from tighter credit conditions and investor risk aversion.
Summary
Viji Finance Ltd’s stock hitting the lower circuit on 24 Feb 2026 underscores the intense selling pressure and investor anxiety surrounding the company. The 3.49% decline outpaced sector and market losses, driven by unfilled supply and panic selling. With a Strong Sell Mojo Grade and weak fundamental metrics, the stock remains under pressure amid a challenging NBFC environment.
Investors should weigh these factors carefully and consider alternative investment opportunities with stronger momentum and fundamentals.
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