LEMERITE · Consumer Discretionary · 2026-08-21

Le Merite Exports Ltd

Stage 4 · wk 13In scan: Breakout WatchMARKET: BULL RISING · 2026-08-21
₹22.8
-2.86% today
₹285 Cr · Micro cap
About this companyConsumer Discretionary· Textiles
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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.

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P/E (TTM)
39.0
Forward —
Earnings Growth (YoY)
+700.0%
Revenue -23.1%
vs 52W High
-95.6%
₹20 lo₹516.3 hi
95.6% 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 13
1w13w26w
Week 13 — established downtrend
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
-93.1%
200 DMA: ₹327.8 · 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
0.36x
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
↑ ⇈
Accelerating · MA20 +4.7% vs MA50 -74.3% / 10d
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.
Sector
Consumer Discretionary
↑ Building
Stage 2%
42.0%
20d Δ
+6.4pp
1M return
+6.2%
3M return
+13.2%
Sector Stage-2 % · last 20 days
Sector has 170 Stage 2 leaders. See Consumer Discretionary Stage 2 →
Industry
Textiles
↓ Peaking
Stage 2%
39.6%
20d Δ
-1.1pp
1M return
+5.5%
3M return
+16.7%
Industry Stage-2 % · last 20 days
Industry has 42 Stage 2 leaders. See Textiles Stage 2 →
Price + Volume Chart
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Stage Cycle Timeline2023-05-25 → 2026-08-21
S4 15w
S2 61w
S2 35w
S3 17w
2023-05-252026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 2w → S4 1w → S1 1w → S4 9w → S1 7w → S4 1w → S1 1w → S4 15w → S1 2w → S2 61w → S3 4w → S2 35w → S3 17w → S4 13w current
Total tracked: 169 weeks across 14 stage runs.
1M
+12.9%
3M
-91.7%
6M
-95.0%
YTD
-95.0%
1Y
-92.9%
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
2026-08-21S4
Wk 13 · Vol —x
2026-08-20S4
Wk 13 · Vol —x
2026-08-19S4
Wk 13 · Vol —x
2026-08-18S4
Wk 13 · Vol —x
2026-08-17S4
Wk 12 · Vol —x
2026-08-14S4
Wk 12 · Vol —x
2026-08-13S4
Wk 12 · Vol —x
2026-08-12S4
Wk 12 · Vol —x
2026-08-11S4
Wk 12 · Vol —x
2026-08-10S4
Wk 11 · Vol —x
2026-08-07S4
Wk 11 · Vol —x
2026-08-06S4
Wk 11 · Vol —x
Sector Peers — Stage 2All →
RBA
wk 9 · -2.0% from hi
9.4
EMIL
wk 8 · -3.6% from hi
9.2
MOTHERSON
wk 12 · -0.6% from hi
8.9
PRICOLLTD
wk 4 · -1.2% from hi
8.8
SUNDRMFAST
wk 4 · -1.1% from hi
8.8
Moving averages & range
50 DMA
₹23.3
200 DMA
₹327.8
52W High
₹516.3
52W Low
₹20
5D Low
₹22.8
Resistance levels (recent highs)
20d High
₹23.8
60d High
₹38.1
120d High
₹470.1
250d High
₹516.3
Next resistance
+4.4%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.