Key Events This Week
23 Feb: Stock opens at Rs.3.99, down 0.50%
24 Feb: Hits 52-week low of Rs.3.44 amid heavy losses
25 Feb: Further decline to Rs.3.18, rating downgraded to Strong Sell
26 Feb: New 52-week low at Rs.2.95, continued bearish momentum
27 Feb: Stock falls to Rs.2.81, marking nine consecutive days of losses
23 February 2026: Modest Opening Decline Amid Market Gains
Bhandari Hosiery Exports Ltd began the week at Rs.3.99, down 0.50% from the previous close, while the Sensex advanced 0.39% to 36,817.86. The stock’s slight dip contrasted with the broader market’s positive momentum, signalling early signs of weakness. Trading volume was moderate at 167,119 shares, reflecting cautious investor sentiment.
24 February 2026: Stock Hits 52-Week Low as Downtrend Accelerates
The stock plunged 9.52% to Rs.3.61, hitting a fresh 52-week low of Rs.3.44 during the session. This sharp fall outpaced the Sensex’s 0.78% decline, highlighting the stock’s underperformance. The day’s volume surged to 209,178 shares amid heavy selling pressure. Technical indicators confirmed bearish momentum, with the stock trading below all key moving averages. This day marked the beginning of a sustained losing streak, reflecting mounting concerns over the company’s fundamentals and market positioning.
25 February 2026: Further Decline and Downgrade to Strong Sell
Bhandari Hosiery’s share price dropped sharply by 14.96% to Rs.3.07, setting another 52-week low at Rs.3.18. The stock underperformed the Sensex, which rose 0.41% that day. The downgrade by MarketsMOJO from Sell to Strong Sell on 24 February underscored deteriorating fundamentals and bearish technicals. The company’s Return on Capital Employed (ROCE) remained subdued at 8.75%, while its Debt to EBITDA ratio stood high at 4.37 times, signalling financial strain. Quarterly results for December 2025 revealed flat net sales of Rs.59.05 crores and rising interest expenses of Rs.2.91 crores, further dampening investor confidence.
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26 February 2026: Continued Downtrend with New 52-Week Low
The stock declined 3.26% to close at Rs.2.97, touching a new 52-week low of Rs.2.95. This marked eight consecutive sessions of losses, accumulating a 27.7% decline over this period. The Sensex closed slightly down by 0.18%, but Bhandari Hosiery’s underperformance was stark. Despite some operational improvements reflected in a 26.2% profit growth over the past year, the company’s elevated leverage and weak ROCE continued to weigh on sentiment. The stock remained below all key moving averages, reinforcing the bearish technical outlook.
27 February 2026: Nine-Day Losing Streak Culminates in Rs.2.81 Close
The week ended with the stock falling 5.39% to Rs.2.81, its lowest level in 52 weeks. This represented a cumulative 30.15% decline over nine consecutive trading days. The Sensex also declined 1.16% on the day, but the stock’s losses were disproportionately severe. The company’s Mojo Score remained at a weak 26.0 with a Strong Sell grade, reflecting ongoing fundamental and technical challenges. The high Debt to EBITDA ratio and flat recent sales continued to pressure the stock, while limited institutional ownership may have exacerbated liquidity constraints.
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Weekly Price Performance: Bhandari Hosiery Exports Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.3.99 | -0.50% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.3.61 | -9.52% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.3.07 | -14.96% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.2.97 | -3.26% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.2.81 | -5.39% | 36,322.56 | -1.16% |
Key Takeaways
Persistent Downtrend: The stock experienced nine consecutive days of losses, culminating in a 29.93% weekly decline, significantly underperforming the Sensex’s 0.96% fall.
Multiple 52-Week Lows: The share price hit fresh 52-week lows on four separate days, reflecting sustained bearish momentum and weak investor confidence.
Fundamental Weaknesses: The company’s modest ROCE of 8.75%, high Debt to EBITDA ratio of 4.37 times, and flat quarterly sales of Rs.59.05 crores highlight operational and financial challenges.
Downgrade to Strong Sell: MarketsMOJO’s rating downgrade on 24 February signalled deteriorating technical and fundamental conditions, reinforcing the negative outlook.
Valuation Discount: Despite the weak performance, valuation metrics such as an Enterprise Value to Capital Employed ratio of 0.7-0.9 and a PEG ratio of 0.4 suggest the stock is trading at a discount relative to peers, though this has not stemmed the price decline.
Conclusion
Bhandari Hosiery Exports Ltd’s stock endured a severe downturn during the week ending 27 February 2026, marked by a nearly 30% loss and multiple 52-week lows. The downgrade to a Strong Sell rating by MarketsMOJO reflected the convergence of weak financial fundamentals, elevated leverage, and bearish technical indicators. While valuation metrics indicate the stock is attractively priced relative to its capital employed and profit growth, the persistent negative momentum and flat recent sales suggest caution. The stock’s underperformance relative to the Sensex and sector peers underscores the challenges the company faces in regaining investor confidence and improving its market position in the near term.
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