Le Merite Exports Ltd

Stage 4 · Declining · week 21

As of 16 Oct 2026, Le Merite Exports is in Stage 4 — declining, a downtrend, in week 21 (since 22 May 2026). It closed at ₹20.6, 80.0% below its 52-week high and below its 200-day average, which is falling. In Consumer Discretionary, 29.1% of stocks are in Stage 2.

Le Merite Exports Limited, together with its subsidiaries, engages in the manufacturing, purchase, and sale of textile in India and internationally. More about the company

₹20.6
-2.46% today
₹258 Cr · Micro cap
Market Neutral — FadingConsumer Discretionary 29.1% in Stage 2-5.5 pts / 20dTextiles 29.1%-2.6 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-80.0%
₹18.4 lo₹103.3 hi
80.0% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 21
1w13w26w
Week 21 — extended decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-63.4%
200 DMA: ₹56.4 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.42x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -1.3% vs MA50 -4.0%
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
+1.0%
6M
-76.4%
YTD
-79.7%
1Y
-76.8%
Sector
Consumer Discretionary
↓ Peaking
Stage 2%
29.1%
20d Δ
-5.5pp
1M return
-2.1%
3M return
+0.3%
Sector Stage-2 % · last 20 days
Sector has 131 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 15w
S2 61w
S2 35w
S3 17w
S4 21w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 5w → S1 7w → S4 1w → S1 1w → S4 15w → S1 2w → S2 61w → S3 4w → S2 35w → S3 17w → S4 21w current
Total tracked: 169 weeks across 11 stage runs.
Scan Membership
Breakout Watch
Latest: 2025-05-20
2 appearances in last 60 days. First seen: 2024-02-22.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S4
Wk 21 · Vol 0.42x
2026-10-15S4
Wk 21 · Vol 0.32x
2026-10-14S4
Wk 21 · Vol 1.32x
2026-10-13S4
Wk 21 · Vol 1.07x
2026-10-12S4
Wk 20 · Vol 0.54x
2026-10-09S4
Wk 20 · Vol 0.42x
2026-10-08S4
Wk 20 · Vol 0.57x
2026-10-07S4
Wk 20 · Vol 0.48x
2026-10-06S4
Wk 20 · Vol 0.44x
2026-10-05S4
Wk 19 · Vol 0.55x
2026-10-01S4
Wk 19 · Vol 1.95x
2026-09-30S4
Wk 19 · Vol 1.90x
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
₹21
200 DMA
₹56.4
52W High
₹103.3
52W Low
₹18.4
5D Low
₹18.8
Resistance levels (recent highs)
20d High
₹21.6
60d High
₹23.8
120d High
₹94
250d High
₹103.3
Next resistance
+4.8%
to 20d High
Ask the Market AI about LEMERITEAsk →
P/E (TTM)
39.0
Forward —
Earnings Growth (YoY)
+700.0%
Revenue -23.1%
About this companyConsumer Discretionary· Textiles

Le Merite Exports Limited, together with its subsidiaries, engages in the manufacturing, purchase, and sale of textile in India and internationally. It offers cotton, cotton blended, and synthetic yarns; greige and finished fabrics; and weaving job units, such as machinery details. The company was incorporated in 2003 and is headquartered in Mumbai, India.

Visit company website →

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.