Liquidity & Technicals
Figures converted from INR at historical FX rates — see data/company.json.fx_rates. Ratios, margins, and multiples are unitless and unchanged.
Liquidity & Technicals
Liquidity verdict: Constrained. This is a small-cap ($396M) with thin institutional liquidity — a mid-sized fund would struggle to build a meaningful position without becoming a significant portion of daily volume. Technical stance: Neutral-to-bearish. Price is below its 200-day SMA, trading in a consolidation range after the post-fire crash, with no clear catalyst for breakout.
5-Day Capacity ($M, 20% ADV)
Max Position (% MCap)
Fund AUM Supported ($M, 5% wt)
ADV/MCap
Tech Score (-3 to +3)
Illiquid small-cap. Only suitable for funds under $11.7M AUM at 5% position weight. Larger funds face multi-week entry/exit timelines. Public float is only 18.5% of shares (promoter holds 81.5%).
Price Snapshot
Price ($)
YTD Return
1Y Return
52W Percentile
Beta
The stock sits at the 16th percentile of its 52-week range — near lows. YTD performance of -17% significantly underperforms both Nifty FMCG and the broader market.
Price History with Key Levels
Price is below its estimated 200-day SMA (~$3.63-3.74). The stock has been in a downtrend since the November 2024 all-time high, with the fire accelerating the decline. The March 2025 low ($3.00) has held as support through early 2026, but the stock cannot sustain rallies above $3.86.
Key Technical Levels
Momentum & Trend Assessment
Net technical score: -1 (mildly bearish). The tape is not constructive — below 200-DMA, in a downtrend, underperforming sector. However, the all-time low support holding for 13 months and pending fundamental catalysts (Q4 FY2026 results, Gondal ramp data) prevent a strongly bearish call.
Liquidity Constraints
The fundamental liquidity problem for Gopal Snacks:
- Free float: ~18.5% of total shares (promoter holds 81.5%)
- Institutional ownership: ~8.6% (FII 1.58% + DII 7%)
- Total shareholders: 66,823 — heavily retail-dominated
This means effective daily liquidity is constrained by a small float. Any institutional buyer of size immediately moves the stock. Conversely, institutional selling can cascade quickly given thin buy-side depth.
Practical sizing guidance:
- Fund under $5.9M AUM: Can build 5% position in 3-5 trading days
- Fund $5.9-23.4M: Needs 1-2 weeks minimum at 20% ADV
- Fund over $58.5M: Not implementable at meaningful weight without becoming a blockholder
Stance & Invalidation
Stance: Neutral-to-bearish over 3-6 months. The technical setup does not support aggressive buying. Price is in a downtrend, below moving averages, and underperforming. However, the $3.00 support floor and pending earnings catalysts prevent a full bearish call.
What would turn bullish: A weekly close above $3.86 (200-DMA breakout) on above-average volume, coinciding with Q4 FY2026 results showing OPM recovery above 8%. This would confirm the recovery narrative is real and create technical momentum.
What would turn bearish: A break below $3.00 (all-time low) would signal that the market has lost faith in the recovery thesis entirely, and the stock could seek support at $2.34-2.57 (1x book value territory).