Viji Finance Ltd Hits Upper Circuit Amid Strong Buying Pressure

Price Movement and Trading Activity

On the trading day, Viji Finance Ltd’s stock price closed at ₹2.32, marking a rise of ₹0.11 or 4.98% from the previous close. The stock touched both its high and low at ₹2.32, reflecting the upper circuit limit imposed by the exchange, which was set at 5% for the day. The total traded volume stood at 88,960 shares (0.08896 lakhs), with a turnover of ₹0.00206 crore, indicating relatively modest liquidity given the company’s micro-cap status.

Despite the limited volume, the stock outperformed its sector benchmark, the NBFC sector, which gained 0.75%, and the broader Sensex, which rose 0.64% on the same day. This outperformance underscores the concentrated buying pressure on Viji Finance Ltd, which has been gaining momentum over the past three consecutive sessions, delivering a cumulative return of 15.42% during this period.

Technical and Market Context

From a technical standpoint, the stock is trading above its 5-day moving average but remains below its 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that while short-term momentum is positive, the longer-term trend remains subdued, reflecting cautious investor sentiment amid the company’s current valuation and market conditions.

Investor participation, however, has shown signs of decline. The delivery volume on 20 Feb 2026 was 2.94 lakhs shares, which is down by 34.3% compared to the 5-day average delivery volume. This drop in delivery volume indicates that while there is strong intraday buying interest pushing the stock to the upper circuit, longer-term commitment from investors is somewhat restrained.

Regulatory Freeze and Unfilled Demand

The stock’s upper circuit hit triggered a regulatory freeze, preventing further price movement for the remainder of the trading session. This freeze is a mechanism designed to curb excessive volatility and protect investors from speculative spikes. However, the freeze also indicates significant unfilled demand, as buyers were unable to transact beyond the circuit limit despite their eagerness to accumulate shares.

Such a scenario often points to a supply-demand imbalance, where the available shares for sale are insufficient to meet the buying appetite at prevailing prices. For Viji Finance Ltd, this could signal renewed investor interest possibly driven by expectations of improved business performance or sectoral tailwinds in the NBFC space.

Company Fundamentals and Market Perception

Viji Finance Ltd operates within the NBFC sector, a segment that has faced mixed fortunes amid tightening credit conditions and regulatory scrutiny. The company’s market capitalisation stands at a modest ₹32 crore, categorising it as a micro-cap stock with inherent liquidity and volatility challenges.

According to the latest MarketsMOJO assessment dated 21 Jan 2026, the company holds a Mojo Score of 29.0 with a Mojo Grade of Strong Sell, downgraded from a previous Sell rating. This downgrade reflects concerns over the company’s financial health, operational risks, or sectoral headwinds that have deteriorated its outlook. The Market Cap Grade is 4, indicating a relatively low market capitalisation compared to peers.

Investors should weigh the strong short-term price action against these fundamental caution flags. While the stock’s recent gains and upper circuit hit demonstrate market enthusiasm, the underlying quality grades suggest prudence is warranted.

Comparative Performance and Sector Dynamics

In comparison to its NBFC peers, Viji Finance Ltd’s 4.98% gain on 23 Feb 2026 notably outpaced the sector’s 0.75% rise. This outperformance may be attributed to speculative interest or company-specific developments not yet reflected in broader sector trends. The NBFC sector itself is navigating a complex environment marked by regulatory tightening, credit growth moderation, and evolving risk profiles.

Given these dynamics, the stock’s rally could be a short-lived technical bounce or the early stages of a turnaround, depending on forthcoming corporate announcements or sectoral catalysts.

Investor Takeaways and Outlook

For investors, the upper circuit hit on Viji Finance Ltd signals a noteworthy short-term momentum shift. However, the stock’s micro-cap status, limited liquidity, and strong sell rating from MarketsMOJO counsel caution. The falling delivery volumes suggest that while day traders and momentum players are active, long-term holders may be hesitant.

Potential investors should monitor upcoming quarterly results, sector developments, and any corporate announcements that could validate the recent price surge. Additionally, the regulatory freeze and unfilled demand highlight the importance of timing and order execution in such volatile small-cap stocks.

In summary, Viji Finance Ltd’s upper circuit event is a double-edged sword: it reflects strong buying interest and short-term optimism but also underscores underlying risks and market scepticism. A balanced approach combining technical analysis with fundamental scrutiny is advisable before making investment decisions.

Summary of Key Metrics

• Closing Price: ₹2.32 (Upper Circuit Limit)
• Daily Gain: 4.98%
• Total Traded Volume: 88,960 shares
• Turnover: ₹0.00206 crore
• Market Capitalisation: ₹32 crore (Micro Cap)
• Mojo Score: 29.0 (Strong Sell)
• Sector Return (1D): 0.75%
• Sensex Return (1D): 0.64%
• Consecutive Gains: 3 days, 15.42% cumulative return

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