Ajmera Realty & Infra India Ltd Faces Bearish Momentum Amid Technical Downturn

Technical Trend Overview

Ajmera Realty’s technical trend has deteriorated from mildly bearish to outright bearish, a development that aligns with the stock’s recent price performance. The current market price stands at ₹134.50, down from the previous close of ₹137.20, representing a day decline of 1.97%. The stock’s 52-week high remains at ₹221.23, while the 52-week low is ₹131.05, indicating that the current price is hovering near its annual lows.

This downward momentum is underscored by the daily moving averages, which are firmly bearish, signalling sustained selling pressure in the short term. The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture: weekly MACD readings are bearish, while monthly MACD remains mildly bearish, suggesting that while short-term momentum is weak, longer-term trends have not yet fully capitulated.

RSI and Bollinger Bands Analysis

The Relative Strength Index (RSI) on a weekly basis is bullish, indicating some short-term oversold conditions or potential for a bounce. However, the monthly RSI does not provide a clear signal, reflecting uncertainty in the broader trend. Meanwhile, Bollinger Bands on both weekly and monthly charts are bearish, highlighting increased volatility and downward price pressure. The stock’s price has recently touched the lower Bollinger Band, which often acts as a support level, but the prevailing bearish context suggests this support may be tested further.

Additional Technical Indicators

The Know Sure Thing (KST) indicator, which helps identify momentum shifts, is bearish on a weekly basis and mildly bearish monthly, reinforcing the negative momentum. The Dow Theory assessment aligns with this, showing mildly bearish signals on both weekly and monthly timeframes. On-Balance Volume (OBV), a volume-based indicator, is mildly bearish as well, indicating that volume trends are not supporting a price recovery.

Comparative Performance and Market Context

Ajmera Realty’s recent returns starkly contrast with the broader market. Over the past week, the stock has declined by 9.09%, while the Sensex gained 0.16%. Over one month, Ajmera Realty’s return plunged by 33.03%, compared to the Sensex’s modest decline of 4.78%. Year-to-date, the stock is down 29.97%, whereas the Sensex has risen by 5.37%. Even over a one-year horizon, the stock has lost 31.09%, while the Sensex posted a 5.37% gain.

Despite these recent setbacks, Ajmera Realty has delivered strong long-term returns, with a three-year gain of 135.22% versus the Sensex’s 36.26%, a five-year gain of 414.73% compared to the Sensex’s 64.00%, and a ten-year gain of 407.55% against the Sensex’s 232.80%. This disparity highlights the stock’s historical outperformance but also emphasises the current period of weakness.

Mojo Score and Ratings Update

MarketsMOJO’s latest assessment downgraded Ajmera Realty from a Hold to a Sell rating on 09 Jan 2026, reflecting the deteriorating technical and fundamental outlook. The company’s Mojo Score currently stands at 31.0, a level consistent with a Sell recommendation. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers in the Realty sector.

This downgrade is consistent with the technical indicators and recent price action, signalling caution for investors. The bearish technical trend, combined with weak momentum indicators, suggests limited near-term upside and potential for further downside risk.

Price Volatility and Intraday Range

On 03 Feb 2026, Ajmera Realty’s intraday price fluctuated between ₹131.05 and ₹143.05, a relatively wide range that underscores heightened volatility. The closing price near the day’s low reinforces the bearish sentiment among traders. This volatility is consistent with the bearish Bollinger Bands and the negative momentum signals from MACD and KST.

Sectoral and Industry Context

Within the Realty sector, Ajmera Realty’s technical deterioration is notable, especially given the sector’s mixed performance amid macroeconomic uncertainties and interest rate pressures. The company’s relative underperformance compared to the Sensex and sector peers highlights the challenges it faces in regaining investor confidence.

Investor Takeaway and Outlook

Ajmera Realty & Infra India Ltd’s current technical profile suggests that investors should exercise caution. The confluence of bearish signals across multiple timeframes and indicators points to a continuation of downward pressure in the near term. While the weekly RSI hints at some short-term bullish divergence, this is insufficient to offset the broader negative momentum.

Long-term investors may find solace in the company’s impressive multi-year returns, but the recent sharp declines and technical downgrades warrant a reassessment of portfolio exposure. The downgrade to a Sell rating by MarketsMOJO further emphasises the need for prudence.

Monitoring key support levels near ₹131 and observing any shifts in volume or momentum indicators will be critical for gauging potential reversals. Until then, the technical landscape remains challenging for Ajmera Realty.

Summary of Key Technical Metrics:

• Current Price: ₹134.50 (down 1.97% on day)
• 52-Week Range: ₹131.05 - ₹221.23
• MACD: Weekly Bearish, Monthly Mildly Bearish
• RSI: Weekly Bullish, Monthly No Signal
• Bollinger Bands: Weekly & Monthly Bearish
• Moving Averages: Daily Bearish
• KST: Weekly Bearish, Monthly Mildly Bearish
• Dow Theory: Weekly & Monthly Mildly Bearish
• OBV: Weekly & Monthly Mildly Bearish
• Mojo Score: 31.0 (Sell), downgraded from Hold on 09 Jan 2026

Investors should weigh these technical signals alongside fundamental factors and sector dynamics before making any investment decisions.

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