Viji Finance Ltd Plunges to Lower Circuit Amid Heavy Selling Pressure

Market Performance and Price Action

On 10 Feb 2026, Viji Finance Ltd’s stock price hit the maximum permissible daily loss of 4.66%, closing at ₹2.25, the lower circuit price band for the day. The stock traded in a range between ₹2.25 and ₹2.41, with a total traded volume of 5.20 lakh shares, reflecting heightened activity compared to its usual liquidity. Despite this volume, the turnover remained modest at ₹0.12 crore, consistent with its micro-cap status and low market capitalisation of ₹34.00 crore.

The stock underperformed its sector benchmark, the NBFC sector, which recorded a marginal gain of 0.16% on the same day. Similarly, the broader Sensex index also advanced by 0.16%, highlighting that Viji Finance’s decline was stock-specific rather than market-driven.

Technical Indicators and Moving Averages

Technically, Viji Finance is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a sustained downtrend. This technical weakness has likely contributed to the selling momentum, as short-term traders and investors lose confidence amid the persistent bearish signals.

Notably, the delivery volume on 9 Feb 2026 surged to 5.99 lakh shares, a 154.02% increase over the 5-day average delivery volume, indicating rising investor participation but predominantly on the sell side. This spike in delivery volume suggests that investors are offloading their holdings rather than accumulating, reinforcing the narrative of panic selling.

Investor Sentiment and Market Context

The sharp decline and circuit hit reflect a significant deterioration in investor sentiment towards Viji Finance Ltd. The company’s Mojo Score currently stands at 29.0, with a Mojo Grade of Strong Sell, downgraded from a previous Sell rating on 21 Jan 2026. This downgrade underscores growing concerns about the company’s fundamentals and near-term prospects.

Despite the micro-cap’s small market capitalisation, the stock’s liquidity remains adequate for trading, with a 2% threshold of the 5-day average traded value supporting trade sizes up to ₹0 crore. However, the persistent selling pressure and inability of buyers to absorb the supply have led to unfilled orders and the stock hitting its lower circuit limit.

Fundamental Challenges and Sector Comparison

Viji Finance operates within the NBFC sector, which has shown resilience with a modest 0.16% gain on the day. The divergence between the sector’s performance and Viji Finance’s sharp decline suggests company-specific issues, possibly related to asset quality, capital adequacy, or earnings visibility. While detailed financial metrics are not disclosed here, the downgrade in Mojo Grade and the strong sell recommendation indicate deteriorating fundamentals and heightened risk for investors.

Investors should note that the stock’s persistent weakness below all major moving averages and the surge in delivery volumes on the sell side are technical red flags. These factors, combined with the micro-cap’s limited market depth, increase volatility and risk of further downside.

Implications for Investors and Outlook

For current shareholders, the lower circuit hit signals an urgent need to reassess exposure to Viji Finance Ltd. The strong sell rating and technical weakness suggest that the stock may face continued downward pressure in the near term. Investors should be cautious of further panic selling and unfilled supply, which could exacerbate volatility.

Potential buyers are advised to exercise restraint until there is clear evidence of a turnaround in fundamentals or technical indicators. Given the micro-cap’s limited liquidity and high risk profile, speculative trading could lead to significant losses.

Market participants should monitor upcoming corporate announcements, sector developments, and broader NBFC trends to gauge any shifts in sentiment. Until then, the stock remains firmly in the sell camp according to MarketsMOJO’s comprehensive analysis.

Summary

Viji Finance Ltd’s plunge to the lower circuit on 10 Feb 2026 highlights severe selling pressure driven by deteriorating fundamentals and negative investor sentiment. The stock’s underperformance relative to its sector and the broader market, combined with a strong sell Mojo Grade of 29.0, signals caution for investors. Technical indicators confirm a bearish trend, while rising delivery volumes on the sell side point to panic selling and unfilled supply. Given these factors, the outlook remains challenging for this micro-cap NBFC.

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