NITIRAJ · Information Technology · 2026-08-28

Nitiraj Engineers Ltd

3.8WatchWeak -9.4Stage 2 · wk 4In scan: Breakout WatchMARKET: WEAK RECOVERING · 2026-08-28
₹200.1
-1.66% today
₹205 Cr · Micro cap
About this companyInformation Technology· Electronic Equipments
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Nitiraj Engineers Limited manufactures and sells various electronic weighing scales, currency counting machines, and taxi fare meters for industrial and domestic sectors in India and internationally. The company operates through Electronic Weighing Scales & Systems; Electronic Currency Counting Machines; Digital Fare Meters; Home & Hotel Automation; and Mechanical Scales. It offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial, kitchen, baby weighing, person weighing, adult weighing, and body mass index scales; analytical weighing balances; special application indicators; growth monitoring devices; home automation devices; security solutions; as well as other security and automation products. The company also provides remote pilot training organisation (RPTO) services for drones/UAVs. It markets its products under the Phoenix brand name through regional branches and dealers. The company was incorporated in 1989 and is based in Dhule, India.

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P/E (TTM)
122.3
Forward —
Earnings Growth (YoY)
-94.0%
Revenue -69.5%
Dividend Yield
0.78%
P/B 2.4
vs 52W High
-10.2%
₹171.9 lo₹222.7 hi
10.2% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 4
1w13w26w
Week 4 — early Stage 2, building
How long this stock has been in Stage 2. The sweet spot is typically 13–26 weeks — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
1.4%
200 DMA: ₹197.4 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.20x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -3.8% vs MA50 +3.4%
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
Information Technology
↓ Peaking
Stage 2%
27.8%
20d Δ
-4.2pp
1M return
+1.2%
3M return
+5.0%
Sector Stage-2 % · last 20 days
This stock ranks #35 of 48 Stage 2 stocks in Information Technology by RS. Lagging sector peers.
Industry
Electronic Equipments
↓ Peaking
Stage 2%
55.0%
20d Δ
-3.8pp
1M return
+6.7%
3M return
+7.9%
Industry Stage-2 % · last 20 days
Ranks #9 of 11 Stage 2 stocks in this industry.
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-06-02 → 2026-08-28
S2 28w
S2 32w
S3 16w
S4 16w
S4 15w
2023-06-022026-08-28
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 2w → S2 28w → S3 4w → S2 32w → S3 16w → S4 6w → S1 2w → S2 10w → S3 4w → S4 16w → S1 5w → S4 15w → S1 4w → S2 9w → S3 5w → S4 5w → S1 1w → S2 4w current
Total tracked: 168 weeks across 18 stage runs.
1M
-6.3%
3M
+14.4%
6M
-2.1%
YTD
+7.3%
1Y
+0.6%
Scan Membership
Breakout Watch
Latest: 2026-08-04
4 appearances in last 60 days. First seen: 2024-01-31.
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
2026-08-28S2
Wk 4 · Vol —x
2026-08-27S2
Wk 4 · Vol —x
2026-08-26S2
Wk 4 · Vol —x
2026-08-25S2
Wk 4 · Vol —x
2026-08-24S2
Wk 3 · Vol —x
2026-08-21S2
Wk 3 · Vol —x
2026-08-20S2
Wk 3 · Vol —x
2026-08-19S2
Wk 3 · Vol —x
2026-08-18S2
Wk 3 · Vol —x
2026-08-17S2
Wk 2 · Vol —x
2026-08-14S2
Wk 2 · Vol —x
2026-08-13S2
Wk 2 · Vol —x
Sector Peers — Stage 2All →
AVALON
wk 26 · -1.1% from hi
9.8
DCI
wk 4 · -0.9% from hi
9.2
CALSOFT
wk 2 · 0.0% from hi
9.2
NETWEB
wk 26 · -5.0% from hi
8.9
REDINGTON
wk 5 · 0.0% from hi
8.2
Moving averages & range
50 DMA
₹202.3
200 DMA
₹197.4
52W High
₹222.7
52W Low
₹171.9
5D Low
₹199.4
Resistance levels (recent highs)
20d High
₹214.9
60d High
₹222.7
120d High
₹222.7
250d High
₹222.7
Next resistance
+7.4%
to 20d High

All analytics based on EOD data. Data as of 2026-08-28. Past data patterns are not indicative of future results. This page is a data analytics tool only.