Shringar House of Mangalsutra Share Price Jumps 15% Today: 47% Returns in 2026, Q1 FY27 Results, 52-Week High, Target Price and Stop Loss Levels Explained
- October 13, 2026
- Posted by: Ankit Jaiswal
- Category: News
Shringar House of Mangalsutra share price: opened Rs 289 on 13 Oct 2026 against a Monday close of Rs 265.35, hit an intraday high of Rs 303.85 (about 14.5% up, my calculation). Q1 FY27 profit Rs 34.0 crore, up 19.3%. IPO price Rs 165.
Quick Answer
Shringar House of Mangalsutra share price jumped about 15% to an intraday high of Rs 303.85 on 13 October 2026, from Monday’s close of Rs 265.35, after opening at Rs 289. The headline’s 47% return in 2026 is a year-to-date figure that I could not confirm from a second source, and I found no single company announcement behind the move. Q1 FY27 profit was Rs 34.0 crore, up 19.3%, but the EBITDA margin was 8.9% against 12.4% a year earlier, so profit has grown slower than revenue. No expert target price or stop loss was available to me, so the levels in this article are price points from recent trade and not recommendations.
Shringar House of Mangalsutra share price is the subject of the headline that says the jewellery stock jumped 15% today, with 47% returns in 2026 and a request to check the target and stop loss. The stock opened at Rs 289 on NSE, against a previous close of Rs 265.35 on Monday, and touched an intraday high of Rs 303.85 on 13 October.
This guide explains what moved the Shringar House of Mangalsutra share price, what the latest Q1 FY27 results show, how the company earns its money, which price levels traders are watching, and where the risks are.
Shringar House of Mangalsutra is a Mumbai-based maker of mangalsutras that sells to jewellers. It listed in September 2025 at an issue price of Rs 165, so the stock is a recent listing with a short trading history.
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Shringar House of Mangalsutra Share Price Today: What Happened on 13 October
| Level | Price (Rs) | Note |
|---|---|---|
| Previous close (Monday 12 Oct) | 265.35 | Base for the 15% move |
| Opening price | 289 | About 8.9% above the close (my calculation) |
| Intraday high, 13 Oct | 303.85 | About 14.5% above the close (my calculation) |
| Earlier 52-week high and all-time high | 295.60 | Cited by MarketsMojo in the morning; later exceeded intraday |
| IPO issue price | 165 | The high is about 84% above it (my calculation) |
MarketsMojo described the open of the Shringar House of Mangalsutra share price as a 7.72% gap-up, while the headline figures give about 8.9%. The difference probably comes from the time of the data snapshot, so treat the exact open as approximate.
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Why Is the Shringar House of Mangalsutra Share Price Rising?
I could not find a company announcement that explains the jump in the Shringar House of Mangalsutra share price. The factors reported by data providers are below.
- A three-day winning streak, with a 27.55% gain over three days.
- A sharp rise in delivery volume: one-day delivery was up 931.81% against the five-day average, per MarketsMojo.
- Q1 FY27 profit growth of 19.3% and revenue growth of 64.9%.
- A doubling of capacity to 4,000 kg and a plan to enter gold bridal jewellery.
- An industry award: the company won the Mangalsutra Manufacturer of the Year award at IIJA 2026, announced around 5 October.
| Period | Shringar return | Sensex |
|---|---|---|
| 3 days | 27.55% | Not given |
| 1 week | 28.65% | Down 1.00% |
| 1 month | 32.66% | Down 3.27% |
| 1 year | 40.19% | Down 12.14% |
These figures for the Shringar House of Mangalsutra share price are from MarketsMojo as of the morning of 13 October. The headline’s 47% for 2026 is year to date and is not in the same table, so the two should not be added or compared directly.
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Q1 FY27 Results Behind the Shringar House of Mangalsutra Share Price
| Measure | Q1 FY27 | Change |
|---|---|---|
| Revenue | Rs 548.5 crore | Up 64.9% year on year; down about 24% from the previous quarter |
| EBITDA | Rs 48.9 crore | Up 18.7% year on year |
| Net profit | Rs 34.0 crore | Up 19.3% year on year |
| EBITDA margin | 8.9% | 12.4% a year earlier and 6.2% in Q4 FY26 |
Revenue grew far faster than profit, so the extra sales behind the Shringar House of Mangalsutra share price came at thinner margins. The company reported these results on 12 August 2026. Sales volume is reported differently across sources: two report about 5.6% growth (376 kg against 356 kg), while another reports a 5% fall.
Business Snapshot: What Supports the Shringar House of Mangalsutra Share Price
| Item | Detail |
|---|---|
| Business | Designs, makes and sells mangalsutras to business customers |
| Named customers | Titan, Malabar Gold, Reliance Retail, Kalyan and Joyalukkas |
| Range | More than 15 collections and 10,000 active designs |
| Capacity | 4,000 kg after a doubling; FY26 output of 2,286 kg is about 57% of that (my calculation) |
| Corporate clients | 49% of FY26 revenue, up from 34% in FY25 |
| FY26 profit growth | 89%, per MarketSmith |
The Kandivali plant restarted on 23 February 2026. Management has also said it is entering gold bridal jewellery, which is a new category for a company known for mangalsutras.
Shringar House of Mangalsutra Share Price: Target Price and Stop Loss Levels
The headline promises a target price and stop loss, but I did not find a named expert or brokerage with a published target price for this stock. I will not invent one. The table below lists price points from recent trade that traders track, and these are reference levels, not recommendations.
| Level (Rs) | What it is |
|---|---|
| 303.85 | Intraday high on 13 October |
| 295.60 | Earlier all-time high and 52-week high |
| 289 | 13 October opening price |
| 265.35 | Monday’s close |
| 252.50 | Intraday level on 12 October |
| 212.95 | Price on 25 September, when the uptrend began per MarketsMojo |
| 165.80 | 52-week low |
A stop loss is a level you choose in advance, below which your reason for holding no longer applies. Its distance from your entry decides how much you can lose on one trade, so size the position first. For the Shringar House of Mangalsutra share price, a stop loss near Rs 265 is about 12% below Rs 303.85, while one near Rs 252 is about 17% below it (my calculation).
Valuation: Is the Shringar House of Mangalsutra Share Price Stretched?
| Measure | Figure | Note |
|---|---|---|
| Trailing P/E | About 21x | MarketsMojo at Rs 287.60; about 22x at Rs 303.85 (my calculation) |
| Price to book | 3.77x | MarketsMojo |
| EV/EBITDA | 15.71x | MarketsMojo |
| Market capitalisation | About Rs 2,400 crore | MarketSmith at Rs 252.50; about Rs 2,890 crore at Rs 303.85 (my calculation) |
| Dividend payout | Zero | MarketsMojo |
| MarketsMojo rating | Hold | Cut from Buy on 26 August 2026 |
A price to book of 3.77x makes the Shringar House of Mangalsutra share price look expensive for a manufacturer with margins under 10%. The company also has a return on equity of 36.2% per Screener, which is why the market pays a premium. Screener’s market cap of Rs 1,591 crore is out of date, so I did not use it.
Risks Around the Shringar House of Mangalsutra Share Price
Fast rally: The Shringar House of Mangalsutra share price rose about 28% in a week to a new 52-week high, and sharp moves often reverse quickly.
Margins: The EBITDA margin of 8.9% is below the 12.4% of a year ago.
Customer concentration: Corporate clients bring 49% of revenue, so the loss of one large jeweller would matter.
Gold price: Gold is the main input, so price swings affect working capital and demand.
Small company: At roughly Rs 2,400 to Rs 2,900 crore, the Shringar House of Mangalsutra share price can move on thin volume.
No clear trigger: I found no filing that explains the jump, so the Shringar House of Mangalsutra share price move may be momentum rather than news.
What to Watch Next
- Any exchange disclosure that explains the move in the Shringar House of Mangalsutra share price.
- Whether the Shringar House of Mangalsutra share price holds above Rs 265.35 over the next sessions.
- The Q2 FY27 results date and the EBITDA margin.
- Use of the doubled 4,000 kg capacity.
- Gold prices and festive demand for jewellery.
Conclusion
Shringar House of Mangalsutra share price touched Rs 303.85, a new high, on a day with no clear announcement, after a 28% rise in a week. The business is growing, but margins are lower than last year, so check the results and your risk limit before acting. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Shringar House of Mangalsutra share price today?
Ans. On 13 October 2026 it opened at Rs 289 and touched Rs 303.85 intraday, against Monday’s close of Rs 265.35. Check a live quote for the current price.
Why did the Shringar House of Mangalsutra share price jump 15%?
Ans. I found no single announcement. Reported factors are a three-day rally, a spike in delivery volume, Q1 FY27 growth and an industry award.
What is the target price for the Shringar House of Mangalsutra share price?
Ans. I did not find a verified expert target price, so I have not given one. Treat the levels in this article as reference points only.
Where should the stop loss be placed on the Shringar House of Mangalsutra share price?
Ans. That depends on your entry and risk limit. Reference levels are Rs 265.35, Rs 252.50 and Rs 212.95, and this is not a recommendation.
What were the Q1 FY27 results?
Ans. Revenue was Rs 548.5 crore, up 64.9%, EBITDA Rs 48.9 crore and net profit Rs 34.0 crore, up 19.3%. The EBITDA margin was 8.9%.
What does Shringar House of Mangalsutra do?
Ans. It designs and makes mangalsutras for business customers such as Titan, Malabar Gold and Reliance Retail.
Is the 47% return in 2026 verified?
Ans. It is the headline’s year-to-date figure. I could not confirm it from a second source, so check it against a live chart.
Should I buy Shringar House of Mangalsutra?
Ans. This article does not constitute investment advice. Consult a SEBI-registered financial advisor.
