Key Events This Week
Jan 19: Stock opens at Rs.1,300.25, down 1.25% amid broader market weakness
Jan 20: Further decline to Rs.1,270.35 as Sensex drops sharply
Jan 21: Sharp fall of 4.31% to Rs.1,215.65 coincides with Mojo Grade downgrade
Jan 22: Technical momentum shift noted; stock rebounds 2.03% to Rs.1,240.35
Jan 23: Week closes at Rs.1,221.40, down 1.53% on the day
Monday, 19 January 2026: Market Weakness Sets the Tone
Anupam Rasayan began the week at Rs.1,300.25, down 1.25% from the previous Friday’s close of Rs.1,316.65. This decline occurred alongside a broader Sensex drop of 0.49%, closing at 36,650.97. The stock’s volume was moderate at 3,938 shares, reflecting cautious investor sentiment amid a weakening market environment. The initial decline foreshadowed the more pronounced weakness that would follow in subsequent sessions.
Tuesday, 20 January 2026: Accelerated Decline Amid Broader Sell-Off
The downward momentum intensified on Tuesday, with the stock falling 2.30% to Rs.1,270.35. This move was sharper than the Sensex’s 1.82% decline to 35,984.65, indicating relative underperformance. Volume increased to 5,313 shares, suggesting growing selling pressure. The market’s negative tone was driven by macroeconomic concerns, which weighed on specialty chemical stocks including Anupam Rasayan.
Wednesday, 21 January 2026: Mojo Grade Downgrade Triggers Sharp Sell-Off
Wednesday marked a pivotal day as MarketsMOJO downgraded Anupam Rasayan’s Mojo Grade from Buy to Hold, citing mixed technical and valuation signals despite strong financials. The downgrade was accompanied by a sharp 4.31% drop in the stock price to Rs.1,215.65, the week’s low point. This decline significantly outpaced the Sensex’s 0.47% fall to 35,815.26. Volume surged to 10,994 shares, reflecting heightened investor reaction to the rating change and technical caution.
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Thursday, 22 January 2026: Technical Momentum Shift Spurs Partial Recovery
Following the downgrade and sharp decline, the stock rebounded 2.03% to Rs.1,240.35 on Thursday, outperforming the Sensex which rose 0.76% to 36,088.66. Volume moderated to 5,531 shares. This recovery coincided with a noted shift in technical momentum from bullish to mildly bullish, as key indicators such as MACD and Bollinger Bands suggested contained volatility within an upward channel. However, bearish signals from monthly RSI and weekly Dow Theory indicated caution remained warranted.
Friday, 23 January 2026: Week Ends with Modest Decline Amid Mixed Signals
The week closed with a 1.53% decline to Rs.1,221.40, underperforming the Sensex’s 1.33% drop to 35,609.90. Volume was 4,427 shares, reflecting subdued trading activity. The stock remained below its 52-week high of Rs.1,374.20 but well above the 52-week low of Rs.600.95, demonstrating resilience despite recent volatility. The mixed technical signals and the downgrade’s impact suggest a consolidation phase may be underway.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.1,300.25 | -1.25% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.1,270.35 | -2.30% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.1,215.65 | -4.31% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.1,240.35 | +2.03% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.1,221.40 | -1.53% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: Despite the weekly decline, Anupam Rasayan’s long-term performance remains robust, with a one-year return of 75.29% far exceeding the Sensex’s 8.01%. The company’s strong financial results, including a 50.55% year-on-year increase in net sales and 43.8% growth in PAT for Q2 FY25-26, underpin its operational strength. Technical indicators such as MACD and KST remain bullish on longer timeframes, suggesting underlying momentum is intact.
Cautionary Signals: The downgrade to Hold reflects concerns over mixed technical signals and valuation. The stock’s short-term price action has been weak, with a 7.23% weekly decline outpacing the Sensex’s 3.31% fall. Monthly RSI and weekly Dow Theory readings are bearish or mildly bearish, indicating potential for further consolidation or correction. Institutional investor participation has declined, signalling some caution among sophisticated market participants.
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Conclusion
Anupam Rasayan India Ltd’s performance this week was shaped by a significant Mojo Grade downgrade and a shift in technical momentum, resulting in a 7.23% decline that outpaced the broader market’s 3.31% fall. While the company’s strong financial fundamentals and long-term returns remain compelling, the mixed technical signals and valuation concerns have introduced a period of caution and consolidation. Investors should monitor price action closely around current support levels near Rs.1,200 and watch for confirmation of renewed momentum before adjusting exposure. The Hold rating reflects a balanced view, recognising both the company’s strengths and the near-term risks in a volatile market environment.
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