Key Events This Week
9 Feb: Stock opens at Rs.151.45, down 0.56% amid Sensex gains
11 Feb: Candour Techtex Ltd hits new 52-week and all-time high at Rs.160
12 Feb: New 52-week and all-time high of Rs.164.5 reached
13 Feb: Stock peaks at Rs.165 before closing at Rs.160.50, minor pullback
9 February 2026: Opening Dip Amid Broad Market Strength
Candour Techtex Ltd began the week at Rs.151.45, down 0.56% from the previous close, while the Sensex surged 1.04% to 37,113.23. The stock’s decline contrasted with the broader market’s positive momentum, reflecting initial profit-taking or sector-specific pressures. Volume was moderate at 74,649 shares, indicating cautious investor participation. This opening dip set the stage for a strong rebound in the following sessions.
10 February 2026: Strong Rebound with Volume Surge
The stock rebounded sharply to Rs.157.40, gaining 3.93% on heavy volume of 245,486 shares. This rally outpaced the Sensex’s modest 0.25% gain, signalling renewed buying interest. The price recovery was supported by technical factors, as the stock moved above short-term moving averages, suggesting a shift in momentum. The volume spike underscored increased investor confidence and set the tone for further gains.
11 February 2026: New 52-Week and All-Time High at Rs.160
On 11 February, Candour Techtex Ltd reached a significant milestone by hitting a new 52-week and all-time high of Rs.160. The stock closed at Rs.161.20, up 2.41%, outperforming the Sensex’s 0.13% gain. This marked the second consecutive day of gains, delivering a cumulative return of 4.66% over two days. The stock traded above all key moving averages, reinforcing a strong technical uptrend. Despite the positive price action, MarketsMOJO maintained a cautious Mojo Grade of Strong Sell with a score of 24.0, reflecting underlying fundamental concerns.
12 February 2026: Momentum Continues with Rs.164.5 High
The rally extended on 12 February as Candour Techtex Ltd surged to a new 52-week and all-time high of Rs.164.5, closing at the same level. The stock gained 0.84% on the day, outperforming the Sensex which declined 0.56%. This marked the third consecutive day of gains, with a cumulative return of 7.82% over this period. Technical indicators remained bullish, with the stock trading above all major moving averages. Notably, MarketsMOJO upgraded the Mojo Grade from Strong Sell to Sell on 11 February, acknowledging technical improvements despite ongoing financial challenges.
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13 February 2026: New Peak at Rs.165 Followed by Minor Pullback
The stock reached a fresh 52-week and all-time high of Rs.165 intraday on 13 February, before closing at Rs.160.50, down 1.26%. Despite the slight pullback, Candour Techtex Ltd outperformed the Sensex, which declined 1.40%. The minor retreat after three days of strong gains likely reflects short-term profit-taking. The stock remains above all key moving averages, signalling sustained technical strength. The MarketsMOJO Mojo Grade remained at Sell with a score of 31.0, reflecting cautious optimism amid persistent fundamental weaknesses.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.151.45 | -0.56% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.157.40 | +3.93% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.161.20 | +2.41% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.162.55 | +0.84% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.160.50 | -1.26% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Candour Techtex Ltd demonstrated strong technical momentum, hitting multiple new 52-week and all-time highs during the week. The stock outperformed the Sensex by over 5.9%, supported by consecutive daily gains and trading above all major moving averages. The MarketsMOJO upgrade from Strong Sell to Sell reflects improving technical indicators such as bullish moving averages, Bollinger Bands, and Dow Theory signals. The stock’s long-term returns remain exceptional, with a 63.64% gain over one year and a staggering 14,900% over ten years.
Cautionary Signals: Despite the price rally, fundamental challenges persist. The company reported declining sales and negative profits in recent quarters, with weak return metrics and high leverage. The Mojo Grade remains at Sell, signalling ongoing financial risks. The slight pullback on 13 February after a strong rally may indicate short-term profit-taking and the need for consolidation. Investors should remain mindful of the divergence between technical strength and fundamental weaknesses.
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Conclusion
Candour Techtex Ltd’s performance in the week ending 13 February 2026 was marked by strong price appreciation and multiple record highs, reflecting robust technical momentum. The stock’s 5.38% weekly gain significantly outpaced the Sensex’s decline, underscoring its relative strength within the Plastic Products - Industrial sector. The MarketsMOJO upgrade to a Sell rating acknowledges improved technical indicators, although fundamental challenges remain a concern. The minor pullback on the final trading day suggests a possible consolidation phase after a sustained rally. Overall, Candour Techtex Ltd continues to demonstrate resilience and market relevance, but investors should balance the technical optimism with caution given the company’s ongoing financial headwinds.
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