RSML Two-Day Circuit Performance
| Date | Open (Rs) | Close (Rs) | Change (%) | Volume |
|---|---|---|---|---|
| March 31, 2026 | 536.00 (prev) | 2,679.30 | +10.00% | 2,097 |
| April 1, 2026 | 2,678.20 | 2,947.20 | +10.00% | 5,110 |
The two-day journey: from Rs 2,436 (March 30 close) to Rs 2,947.20 (April 1 close) = a gain of Rs 511.20 per share (+21%) in just two sessions. At 5,110 shares traded today (vs 2,097 yesterday), volume is accelerating — a positive momentum confirmation signal.
Why Is RSML Running Independent of the Market?
Several factors may be driving RSML's unusual momentum:
- Thin float: If few shares are available for trading, even small buy orders push prices to the circuit limit quickly
- Carry-over orders: Each consecutive circuit day creates new unmatched buy orders that push the stock to circuit again the following session
- Fundamental catalyst: A company announcement, rights issue, or earnings news may be driving informed buying — check NEPSE announcements
- Sector rotation: Manufacturing's outperformance (Mar 31: +1.94% sector) may have attracted fresh institutional attention to RSML specifically
Other Circuit Stocks on April 1, 2026
RSML was not alone — several other stocks also hit the 10% upper circuit on April 1, continuing from March 31:
| Symbol | LTP (Rs) | Change (%) | Consecutive Circuit |
|---|---|---|---|
| RSML | 2,947.20 | +10.00% | 2nd day ✓ |
| SKHL | 531.40 | +10.00% | 2nd day ✓ |
| BJHL | 636.40 | +9.99% | 2nd day ✓ |
| SKHEL | 416.00 | +9.99% | 2nd day ✓ |
| RLEL | 439.20 | +9.99% | 2nd day ✓ |
| HFIN | 384.70 | +9.99% | 2nd day ✓ |
All six circuit stocks from March 31 again hit circuits on April 1 — an extraordinary display of persistent buying conviction in these specific counters while the rest of the market sold off sharply.
Risk Warning: Momentum Cuts Both Ways
While RSML's consecutive circuit performance is exciting, momentum stocks carry significant risks:
- When unmatched buy orders finally exhaust, the stock can fall as sharply as it rose
- At Rs 2,947, RSML is now 21% above its pre-circuit level — profit-taking pressure builds with every circuit
- The broader market's 2.62% decline could eventually drag even circuit stocks down if the selloff deepens
- Always use a stop-loss and never invest more than you can afford to lose in momentum plays
FAQs
What is RSML's stock price on April 1, 2026?
Rs 2,947.20, hitting the 10% upper circuit for the 2nd consecutive day.
How much has RSML gained in two days?
+21% — from Rs 2,436 to Rs 2,947.20 over March 31 and April 1, 2026.
Why is RSML hitting circuits while market falls?
Stock-specific momentum, carry-over buy orders, and potential company catalysts drive RSML independent of market direction.
What is RSML's next price target?
If another circuit, approximately Rs 3,242. But momentum can reverse sharply — use stop-loss.
What does RSML company do?
Reliance Spinning Mills — Nepal-based textile manufacturer in yarn and fabric production.