As of February 19, 2026, shares of Brainbees Solutions Ltd (FirstCry) hit a new all-time low of ₹209.35 on the NSE. This record low represents a significant 55% decline from its IPO issue price of ₹465 and an approximately 71.5% drop from its historical peak of ₹734.25 reached shortly after listing in August 2024.

Key Drivers of the Decline

The stock's aggressive downward spiral in early 2026 is primarily attributed to disappointing financial performance and broader market sentiment: 

• Widening Losses: For the third quarter of FY26, the company reported a net loss of ₹38.4 crore, more than doubling the ₹14.7 crore loss from the same period the previous year.
• EBITDA Margin Deterioration: Operating margins have seen a sharp decline, falling from 19% to 8% in the most recent quarterly reporting cycles.
• Three-Day Crash: Following the Q3 earnings release, the stock plummeted 20% over just three trading sessions leading up to February 18, 2026.

• Market Sentiment & Technical Outlook

• Bearish Structure: Market analysts describe the current chart structure as "bleak," with the stock trading in an oversold zone but lacking immediate signs of a reversal.
• Key Support Levels: Technical support is now pegged at ₹210, with some analysts identifying a further floor at ₹206. Resistance for any potential recovery is noted at ₹233–₹235.
• Analyst Outlook: While some long-term targets remain optimistic (averaging ₹425), the near-term consensus is cautious, advising investors to wait for a decisive close above ₹235 before considering new positions.