Current Price and Market Context
As of 25 Feb 2026, Andhra Sugars Ltd closed at ₹71.72, marginally down by 0.17% from the previous close of ₹71.84. The stock traded within a narrow intraday range, hitting a high of ₹72.00 and a low of ₹70.69. Over the past 52 weeks, the share price has fluctuated between ₹63.27 and ₹87.99, reflecting considerable volatility within the commodity chemicals sector. The company’s market capitalisation grade stands at 4, indicating a relatively modest market cap compared to peers.
Technical Trend Evolution
Recent technical assessments reveal a shift in trend from outright bearish to mildly bearish. This subtle change suggests that while downward pressure persists, the intensity of selling momentum has eased somewhat. The daily moving averages remain bearish, signalling that short-term price action is still under pressure. However, weekly and monthly indicators provide a more nuanced view.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator shows a divergence in timeframe signals. On a weekly basis, the MACD remains bearish, indicating that the short-term momentum is still negative. Conversely, the monthly MACD has turned mildly bullish, suggesting that longer-term momentum may be stabilising or beginning to improve. This divergence often precedes a potential trend reversal but requires confirmation from other indicators.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This lack of extreme readings implies that the stock is neither overbought nor oversold, which could mean that the price is consolidating before the next directional move. Investors should monitor RSI closely for any breakout above 70 or drop below 30, which would indicate stronger momentum shifts.
Bollinger Bands and Volatility
Bollinger Bands on weekly and monthly timeframes are mildly bearish, reflecting a slight contraction in price volatility with a downward bias. This suggests that the stock is trading near the lower band, which can sometimes act as a support level. However, the mild bearishness indicates that the risk of further downside remains, albeit limited in magnitude.
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Moving Averages and KST Indicator
Daily moving averages continue to signal bearish momentum, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This technical positioning suggests that short-term sellers remain dominant. The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, aligns with this view on a weekly basis, remaining bearish. However, on a monthly scale, the KST has turned mildly bullish, echoing the MACD’s longer-term optimism.
Dow Theory and On-Balance Volume (OBV)
Dow Theory analysis on a weekly timeframe indicates a mildly bearish trend, while the monthly view shows no clear trend. This mixed signal reflects uncertainty in the broader market sentiment towards Andhra Sugars. Meanwhile, the On-Balance Volume (OBV) indicator presents a divergence: weekly OBV is mildly bullish, suggesting accumulation by investors, whereas monthly OBV is mildly bearish, indicating some selling pressure over the longer term.
Comparative Returns and Sector Performance
Examining Andhra Sugars’ returns relative to the Sensex reveals underperformance over most periods. The stock declined by 2.67% over the past week compared to the Sensex’s 1.47% fall. Over one month, Andhra Sugars gained 5.53%, outperforming the Sensex’s 0.84% rise. Year-to-date, the stock is down 5.09%, slightly worse than the Sensex’s 3.51% decline. Over one year, the stock has fallen 6.98%, contrasting with the Sensex’s robust 10.44% gain. Longer-term returns over three and five years show significant underperformance, with the stock down 40.68% over three years versus the Sensex’s 38.28% gain, and a 17.96% gain over five years compared to the Sensex’s 61.92%. However, over a decade, Andhra Sugars has delivered a strong 226.30% return, close to the Sensex’s 256.13% rise.
Mojo Score and Rating Changes
MarketsMOJO assigns Andhra Sugars a Mojo Score of 45.0, categorising it as a Sell. This represents a downgrade from a previous Hold rating on 12 Jan 2026, reflecting deteriorating technical and fundamental conditions. The downgrade signals caution for investors, especially given the mixed technical signals and the stock’s relative underperformance against broader market benchmarks.
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Investor Takeaway and Outlook
Andhra Sugars Ltd’s technical indicators paint a picture of cautious consolidation amid a predominantly bearish backdrop. The divergence between weekly and monthly momentum indicators such as MACD and KST suggests that while short-term pressures persist, longer-term trends may be stabilising. The neutral RSI readings and mildly bearish Bollinger Bands reinforce the notion of a stock in a holding pattern, awaiting a catalyst for a decisive move.
Investors should weigh the company’s relative underperformance against the Sensex and the downgrade in Mojo Grade before committing fresh capital. The current technical environment favours a cautious approach, with a preference for monitoring key support levels near ₹70 and resistance around ₹75. A sustained break above the 200-day moving average could signal a shift towards renewed bullishness, while a drop below the 52-week low of ₹63.27 would confirm further downside risk.
Given the mixed signals and the company’s modest market capitalisation, Andhra Sugars may appeal more to risk-tolerant investors with a longer-term horizon who can withstand volatility. For those seeking more stable or higher-rated opportunities within the commodity chemicals sector, alternative stocks with stronger technical and fundamental profiles may be preferable.
Summary of Technical Ratings:
- MACD: Weekly Bearish, Monthly Mildly Bullish
- RSI: Neutral on Weekly and Monthly
- Bollinger Bands: Mildly Bearish on Weekly and Monthly
- Moving Averages: Daily Bearish
- KST: Weekly Bearish, Monthly Mildly Bullish
- Dow Theory: Weekly Mildly Bearish, Monthly No Trend
- OBV: Weekly Mildly Bullish, Monthly Mildly Bearish
Overall, the technical landscape for Andhra Sugars Ltd remains complex, with a cautious tilt towards bearishness in the short term but potential for stabilisation over the medium term. Investors should remain vigilant to evolving price action and volume patterns to identify emerging trends.
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