Bannari Amman Spinning Mills Ltd

Stage 3 · Topping · week 6

As of 16 Oct 2026, Bannari Amman Spinning Mills is in Stage 3 — topping, where an uptrend loses steam, in week 6 (since 8 Sep 2026). It closed at ₹21.68, 30.6% below its 52-week high and below its 200-day average, which is falling. In Consumer Discretionary, 29.6% of stocks are in Stage 2.

Bannari Amman Spinning Mills Ltd, together with its subsidiaries, engages in the textile business in India and internationally. More about the company

₹21.7
+0.84% today
₹173 Cr · Micro cap
Market Neutral — FadingConsumer Discretionary 29.6% in Stage 2-5.1 pts / 20dTextiles 29.1%-2.6 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

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Is BASML early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-30.6%
₹17.3 lo₹31.3 hi
30.6% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 6
1w13w26w
Week 6 — distribution, avoid new longs
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-10.4%
200 DMA: ₹24.2 · sloping down
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.30x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -5.9% vs MA50 -6.3%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-7.4%
3M
-18.8%
6M
-2.4%
YTD
-19.9%
1Y
-16.6%
Sector
Consumer Discretionary
↓ Peaking
Stage 2%
29.6%
20d Δ
-5.1pp
1M return
-2.1%
3M return
+0.3%
Sector Stage-2 % · last 20 days
Sector has 133 Stage 2 leaders. See Consumer Discretionary Stage 2 →
Industry
Textiles
↓ Peaking
Stage 2%
29.1%
20d Δ
-2.6pp
1M return
-0.1%
3M return
+2.7%
Industry Stage-2 % · last 20 days
Industry has 35 Stage 2 leaders. See Textiles Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S4 20w
S4 17w
S4 18w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 3w → S2 12w → S3 6w → S2 13w → S3 2w → S4 8w → S1 6w → S2 1w → S1 2w → S2 13w → S3 12w → S4 20w → S1 8w → S4 17w → S1 5w → S4 18w → S1 7w → S2 9w → S3 6w current
Total tracked: 168 weeks across 19 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-07-07
3 appearances in last 60 days. First seen: 2024-07-08.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S3
Wk 6 · Vol 0.30x
2026-10-15S3
Wk 6 · Vol 0.33x
2026-10-14S3
Wk 5 · Vol 0.68x
2026-10-13S3
Wk 5 · Vol 0.27x
2026-10-12S3
Wk 5 · Vol 1.44x
2026-10-09S3
Wk 5 · Vol 1.23x
2026-10-08S3
Wk 5 · Vol 10.92x
2026-10-07S3
Wk 4 · Vol 1.17x
2026-10-06S3
Wk 4 · Vol 0.62x
2026-10-05S3
Wk 4 · Vol 1.50x
2026-10-01S3
Wk 4 · Vol 1.28x
2026-09-30S3
Wk 4 · Vol 0.66x
Sector Peers — Stage 2All →
SHANTIGOLD
wk 18 · 0.0% from hi
10.0
DPABHUSHAN
wk 8 · -5.9% from hi
9.2
SBC
wk 61 · -1.4% from hi
9.1
DELTACORP
wk 1 · -5.1% from hi
8.8
ISFT
wk 5 · -3.5% from hi
8.6
Moving averages & range
50 DMA
₹24.2
200 DMA
₹24.2
52W High
₹31.3
52W Low
₹17.3
5D Low
₹20.7
Resistance levels (recent highs)
20d High
₹25
60d High
₹28.3
120d High
₹28.3
250d High
₹31.3
Next resistance
+15.5%
to 20d High
Ask the Market AI about BASMLAsk →
P/E (TTM)
11.9
Forward 1.7
Earnings Growth (YoY)
+75.0%
Revenue -4.3%
About this companyConsumer Discretionary· Textiles

Bannari Amman Spinning Mills Ltd, together with its subsidiaries, engages in the textile business in India and internationally. It manufactures and markets cotton yarns, woven and knitted fabrics, home textiles, and knitted garments, as well as processes fabrics. The company was incorporated in 1989 and is headquartered in Coimbatore, India. Bannari Amman Spinning Mills Ltd is a subsidiary of Murugan Enterprise Private Limited.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.