Key Events This Week
2 Feb: Stock opens sharply lower at Rs.2,460.65 (-7.17%)
3 Feb: Strong gap up and intraday high at Rs.2,600.55 (+6.45%)
4 Feb: Intraday low hit amid 7.13% decline
5 Feb: Further intraday low and 7.5% drop
6 Feb: Week closes at Rs.2,261.90 (-1.63%)
2 February 2026: Sharp Opening Decline Reflects Early Selling Pressure
Cartrade Tech Ltd began the week on a weak note, opening at Rs.2,460.65 on 2 February 2026, down 7.17% from the previous Friday’s close of Rs.2,650.80. This steep drop was accompanied by relatively low volume of 13,277 shares, signalling early profit-taking or cautious sentiment among investors. The broader market also declined, with the Sensex falling 1.03% to 35,814.09, but Cartrade Tech’s loss was markedly more severe, indicating stock-specific pressures.
3 February 2026: Strong Gap Up and Intraday High Signal Temporary Rebound
On 3 February, the stock reversed course with a strong gap up opening at Rs.2,619.45, gaining 6.45% on the day and reaching an intraday high of Rs.2,600.55. This rally outpaced the Sensex’s 2.63% gain, reflecting renewed buying interest and positive market sentiment towards Cartrade Tech Ltd. The volume surged to 40,187 shares, underscoring the strength of this rebound. Despite this, the stock remained below key medium-term moving averages, suggesting resistance to sustained gains.
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4 February 2026: Intraday Low Amid Renewed Price Pressure
The positive momentum was short-lived as Cartrade Tech Ltd faced renewed selling pressure on 4 February, with the stock plunging 8.94% to close at Rs.2,385.25. The intraday low touched Rs.2,428.30, a 7.3% drop from prior levels. This decline outpaced the IT - Software sector’s 6.27% fall and contrasted with the Sensex’s modest 0.37% gain, highlighting company-specific challenges. Volume remained elevated at 28,685 shares, reflecting active trading amid the sell-off.
Technically, the stock traded below its 5-day, 20-day, 50-day, and 100-day moving averages, signalling weakening momentum. Although it remained above the 200-day average, the inability to hold short-term support levels suggested further downside risk. The broader market’s relative stability contrasted with Cartrade Tech’s sharp decline, underscoring sectoral and stock-specific headwinds.
5 February 2026: Continued Downtrend with Steep Intraday Low
On 5 February, Cartrade Tech Ltd’s decline intensified, with the stock falling 3.60% intraday and touching a low of Rs.2,166.85, a 9.16% drop from the previous close. The day ended with a 3.60% loss at Rs.2,299.35 on heavy volume of 131,498 shares, indicating strong selling pressure. This performance lagged the Sensex’s 0.53% decline and the sector’s losses, marking a pronounced underperformance.
Technically, the stock slipped below all major moving averages, including the 200-day average, signalling sustained bearish momentum. The stock’s one-week decline of 11.72% contrasted sharply with the Sensex’s 0.98% gain, emphasising the stock’s vulnerability amid a mixed market backdrop. The downgrade to a 'Hold' rating by MarketsMOJO earlier in the month reflects this cautious outlook.
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6 February 2026: Week Closes on a Weak Note
The final trading day of the week saw Cartrade Tech Ltd continue its downward trajectory, closing at Rs.2,261.90, down 1.63% from the previous day’s close. Volume moderated to 18,225 shares, reflecting reduced trading activity. The Sensex, meanwhile, edged up 0.10% to 36,730.20, further highlighting the stock’s underperformance. The week’s cumulative decline of 14.67% starkly contrasts with the Sensex’s 1.51% gain, underscoring the stock’s recent volatility and challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.2,460.65 | -7.17% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.2,619.45 | +6.45% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.2,385.25 | -8.94% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.2,299.35 | -3.60% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.2,261.90 | -1.63% | 36,730.20 | +0.10% |
Key Takeaways
Volatility and Underperformance: Cartrade Tech Ltd’s 14.67% weekly decline sharply contrasts with the Sensex’s 1.51% gain, reflecting significant stock-specific volatility and weakness.
Technical Weakness: The stock’s failure to sustain levels above short- and medium-term moving averages, culminating in a drop below the 200-day average, signals sustained bearish momentum and lack of near-term support.
Sectoral and Market Context: The E-Retail/E-Commerce sector faced headwinds midweek, contributing to the stock’s underperformance. Despite the broader market’s modest gains, Cartrade Tech’s price action indicates company-specific challenges.
Rating and Sentiment: The downgrade to a 'Hold' rating by MarketsMOJO and a Mojo Score of 62.0 reflects a cautious stance amid mixed technical signals and recent price pressures.
Conclusion
Cartrade Tech Ltd’s week was characterised by sharp price swings and a pronounced downward trend, culminating in a 14.67% loss over five trading sessions. Despite a brief rebound on 3 February, the stock succumbed to sustained selling pressure amid sectoral weakness and technical resistance. The divergence from the Sensex’s positive performance highlights the stock’s current challenges. Investors and market participants should note the stock’s technical deterioration and cautious rating, which suggest a period of consolidation or correction may continue in the near term.
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