Antony Waste Handling Cell Ltd Declines 0.81%: Technical Downgrades and Weak Financials Shape the Week

23 February 2026: Downgrade to Strong Sell Amid Weak Financials

On 23 February, Antony Waste Handling Cell Ltd was downgraded by MarketsMOJO from a Sell to a Strong Sell rating, with its Mojo Score falling sharply to 28.0. This downgrade was driven by a combination of deteriorating technical indicators and disappointing financial results. The stock closed at Rs.495.45, down 0.37% from the previous close of Rs.497.30, reflecting investor caution following the announcement.

The downgrade highlighted a bearish shift in technical momentum, with weekly and monthly charts showing increased selling pressure. Key financial metrics revealed a 28.7% decline in quarterly profit after tax (PAT) to Rs.11.50 crores compared to the previous four-quarter average, alongside sluggish operating profit growth of 6.50% annualised over five years. The company’s operating profit to interest coverage ratio dropped to 2.95 times, signalling tighter financial conditions.

Despite a respectable return on capital employed (ROCE) of 12.2% and a low enterprise value to capital employed ratio of 1.7 times, the stock’s one-year return was negative at -10.04%, underperforming the BSE500 index’s 13.16% gain. Institutional investors reduced holdings by 0.99% to 15.5%, further weighing on sentiment.

24 February 2026: Bearish Technical Momentum Persists

The following day, the stock rebounded modestly to Rs.502.60, gaining 1.44% despite the Sensex declining 0.78%. However, technical indicators remained predominantly bearish. The Relative Strength Index (RSI) on the weekly chart was firmly bearish, while the monthly RSI stayed neutral. The Moving Average Convergence Divergence (MACD) presented a mixed picture with a mildly bullish weekly signal but a bearish monthly trend.

Bollinger Bands on weekly and monthly timeframes indicated downward pressure, and the stock price hovered near the lower band, suggesting continued bearish momentum. Volume-based indicators such as On-Balance Volume (OBV) showed no clear trend, reflecting weak conviction behind price movements. The stock’s intraday range was narrow, with a high of Rs.500.85 and a low of Rs.491.50, underscoring cautious trading amid negative sentiment.

25 February 2026: Technical Momentum Shifts to Mildly Bearish

On 25 February, Antony Waste Handling Cell Ltd closed at Rs.511.05, up 1.68%, marking the week’s highest close. This modest gain coincided with a shift in technical momentum from bearish to mildly bearish. The MACD on the weekly chart remained mildly bullish, suggesting some short-term improvement, while the monthly MACD stayed bearish. The RSI indicators moved to neutral territory, indicating neither overbought nor oversold conditions.

Despite this tentative improvement, daily moving averages continued to signal bearish momentum, and Bollinger Bands remained skewed towards downside risk. The Know Sure Thing (KST) indicator showed a mildly bullish weekly trend but a bearish monthly stance, reflecting ongoing uncertainty. Volume analysis revealed a mildly bearish trend on the weekly OBV, with no clear monthly direction.

Relative to the Sensex, the stock underperformed over the week, declining 2.05% compared to the Sensex’s 1.47% drop. Over one month, the stock’s return was -12.54%, contrasting with the Sensex’s 0.84% gain. Year-to-date, however, the stock posted a modest 3.08% gain, outperforming the Sensex’s -3.51% return.

26 February 2026: Slight Decline Amid Mixed Technical Signals

The stock slipped slightly to Rs.509.60, down 0.28%, while the Sensex gained 0.19%. Technical indicators remained conflicted, with daily moving averages still bearish and Bollinger Bands indicating mild downside risk. The mixed signals from momentum oscillators suggested a fragile technical environment, with no clear directional bias. The stock’s trading volume decreased to 5,599 shares, reflecting subdued investor interest.

27 February 2026: Sharp Decline Closes Week Lower

On the final trading day of the week, Antony Waste Handling Cell Ltd experienced a sharp decline, closing at Rs.493.25, down 3.21%. This drop outpaced the Sensex’s 1.16% fall, signalling intensified selling pressure. The volume of 4,106 shares was lower than earlier in the week, suggesting limited buying support. The stock’s close near the week’s low reinforced the bearish technical outlook established earlier in the week.

Key Takeaways

The week’s developments for Antony Waste Handling Cell Ltd highlight several critical factors shaping its outlook:

• Strong Sell Downgrade: The MarketsMOJO downgrade to Strong Sell on 23 February was a pivotal event, reflecting deteriorating fundamentals and bearish technical momentum.
• Mixed Technical Signals: While some short-term indicators such as weekly MACD and KST showed mild bullishness midweek, the dominant trend remained bearish, supported by daily moving averages and Bollinger Bands.
• Weak Financial Performance: The 28.7% decline in quarterly PAT and sluggish operating profit growth underscore operational challenges, despite a solid ROCE and manageable debt levels.
• Underperformance vs Sensex: The stock’s weekly decline of 0.81% slightly outperformed the Sensex’s 0.96% fall, but the broader trend remains negative with a one-year return of -10.04% versus the BSE500’s 13.16% gain.
• Institutional Selling: Reduced institutional holdings by nearly 1% in the previous quarter add to the cautious sentiment surrounding the stock.

Conclusion

Antony Waste Handling Cell Ltd’s performance over the week ending 27 February 2026 was marked by a cautious market response to a significant downgrade and mixed technical signals. Despite brief intraday gains, the stock closed the week lower, reflecting persistent bearish momentum and concerns over financial health. The downgrade to a Strong Sell rating and the decline in key profitability metrics suggest heightened risk in the near term. Investors should remain vigilant of the stock’s technical support levels and monitor any fundamental developments closely. The stock’s modest outperformance relative to the Sensex this week offers limited comfort amid a challenging market environment.

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