Key Events This Week
16 Feb: Week opens at Rs.9,526.40 with modest gains
18 Feb: New 52-week high of Rs.10,149 and Mojo rating upgraded to Buy
19 Feb: Upgrade to Strong Buy on robust fundamentals and bullish technicals
20 Feb: New 52-week high intraday of Rs.10,668.85; closes at Rs.10,512.60 (+5.46%)
16 February 2026: Steady Start Amid Positive Market Sentiment
Apar Industries began the week at Rs.9,526.40, gaining 0.28% on the day, while the Sensex advanced 0.70% to 36,787.89. Trading volume was moderate at 899 shares, reflecting cautious optimism. The stock’s modest rise aligned with the broader market’s positive tone, setting the stage for the week’s subsequent momentum.
17 February 2026: Continued Gradual Gains
The stock edged higher by 0.20% to Rs.9,545.10 on increased volume of 1,748 shares. The Sensex also rose 0.32% to 36,904.38. Apar Industries maintained its upward trajectory, supported by steady buying interest and no significant news catalysts, as investors awaited further developments.
18 February 2026: Breakout with New 52-Week High and Mojo Upgrade
Apar Industries surged 6.57% to close at Rs.10,172.05, hitting an intraday high of Rs.10,149, a new 52-week peak. This marked the third consecutive day of gains, delivering a cumulative 6.83% return over this period. The stock outperformed the Sensex, which rose a modest 0.43% to 37,062.35.
The rally was supported by strong fundamentals, including a 21.90% year-on-year net sales growth and a 45.75% increase in profit before tax excluding other income. MarketsMOJO upgraded the stock’s rating from Hold to Buy, assigning a Mojo Score of 75.0, reflecting improved confidence in Apar’s growth prospects and technical strength.
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19 February 2026: Upgrade to Strong Buy on Robust Fundamentals and Technicals
The stock experienced a slight pullback, closing at Rs.10,074.65, down 0.96%, while the Sensex declined 1.45% to 36,523.88. Despite the dip, MarketsMOJO upgraded Apar Industries to a Strong Buy rating with a Mojo Score of 82.0, citing strong financial metrics including an average ROE of 21.80%, low debt-to-equity ratio of 0.04, and consistent quarterly earnings growth.
Technical indicators shifted decisively bullish, with the stock trading above all key moving averages and positive signals from MACD and Bollinger Bands on weekly and monthly charts. Institutional holdings increased to 32.56%, reflecting growing confidence from sophisticated investors.
20 February 2026: New 52-Week Highs and Strong Intraday Momentum
Apar Industries closed the week at Rs.10,512.60, up 4.35% on the day, after reaching an intraday high of Rs.10,668.85, a fresh 52-week peak. The stock outperformed its sector, which gained 4.8%, and the Sensex, which rose 0.53% to 36,674.32. The day’s trading was volatile, with a low of Rs.9,833.60 (-2.39%) before a strong rally.
The stock’s sustained gains were supported by robust fundamentals, including a 21.90% increase in net sales and a 29.8% rise in net profit after tax for the recent quarter. Valuation metrics remain fair with a Price to Book ratio of 8.3 and a PEG ratio of 1.8, justified by strong earnings growth and operational efficiency.
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Weekly Price Performance: Apar Industries vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.9,526.40 | +0.28% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.9,545.10 | +0.20% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.10,172.05 | +6.57% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.10,074.65 | -0.96% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.10,512.60 | +4.35% | 36,674.32 | +0.41% |
Key Takeaways
Strong Outperformance: Apar Industries outpaced the Sensex by over 10 percentage points, gaining 10.66% versus the benchmark’s 0.39% rise, driven by robust fundamentals and technical momentum.
Multiple 52-Week Highs: The stock set new 52-week highs twice during the week, reaching an intraday peak of Rs.10,668.85 on 20 February, signalling sustained buying interest and positive sentiment.
Rating Upgrade: MarketsMOJO upgraded the stock from Buy to Strong Buy, reflecting improved quality, valuation, and technical indicators, with a high Mojo Score of 82.0.
Robust Financials: Consistent quarterly earnings growth, with net sales up 21.90% and profit before tax excluding other income rising 45.75%, underpin the stock’s rally.
Technical Strength: Trading above all key moving averages and supported by bullish MACD and Bollinger Bands, the stock’s technical profile remains positive despite some short-term volatility.
Institutional Confidence: Institutional holdings increased to 32.56%, signalling strong endorsement from professional investors.
Conclusion
Apar Industries Ltd demonstrated a compelling combination of fundamental strength and technical momentum during the week of 16–20 February 2026. The stock’s 10.66% gain, multiple new 52-week highs, and upgrade to a Strong Buy rating by MarketsMOJO highlight its robust market positioning and growth trajectory. While the broader market showed modest gains, Apar’s significant outperformance underscores its resilience and appeal within the Other Electrical Equipment sector. Investors monitoring the stock should note the strong earnings growth, healthy valuation metrics, and positive technical signals that collectively support the recent rally and suggest continued interest in the near term.
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