Key Events This Week
23 Feb: New 52-week high of Rs.1,073.40 and intraday surge of 7.28%
24 Feb: Technical momentum shifts signal bullish outlook
25-27 Feb: Price consolidation with minor declines, ending week at Rs.1,011.40
23 February 2026: New 52-Week High and Intraday Surge
CCL Products (India) Ltd began the week on a strong note, hitting a new 52-week high of Rs.1,073.40 on 23 February 2026. The stock recorded an intraday high of Rs.1,061.05, surging 7.28% during the session and closing at Rs.1,032.40, a 3.88% gain from the previous close. This rally significantly outperformed the Sensex, which rose only 0.39% that day, and the FMCG sector, with CCL Products outperforming by over 4%. The strong buying interest was supported by the stock trading above all key moving averages, signalling robust technical strength.
Financially, the company’s recent half-year results showed net sales growth of 45.48% to Rs.2,177.29 crores and a profit after tax increase of 46.82% to Rs.201.13 crores, underpinning the positive market sentiment. Institutional investors hold a substantial 32.54% stake, reflecting confidence in the company’s fundamentals. The stock’s one-year return of 78.10% far exceeds the Sensex’s 10.20%, highlighting its strong market position.
24 February 2026: Technical Momentum Shifts Signal Bullish Outlook
The bullish momentum continued on 24 February, with the stock closing at Rs.1,061.60, up 2.83% from the previous day. Technical indicators such as MACD and Bollinger Bands confirmed a shift from mildly bullish to bullish momentum. The stock touched a high of Rs.1,074.30, matching its 52-week peak, and traded comfortably above its 50-day and 200-day moving averages.
The Moving Average Convergence Divergence (MACD) indicator showed strong bullish signals on weekly and monthly charts, while the Relative Strength Index (RSI) remained neutral, suggesting room for further appreciation without immediate overbought risk. However, volume-based indicators like On-Balance Volume (OBV) showed mixed signals, advising caution on volume confirmation. The Know Sure Thing (KST) indicator presented a mildly bearish weekly signal but bullish monthly trend, indicating possible short-term consolidation amid a positive long-term outlook.
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25 to 27 February 2026: Price Consolidation and Minor Declines
Following the strong gains early in the week, CCL Products experienced some consolidation from 25 to 27 February. The stock declined 2.37% on 25 February to close at Rs.1,036.40, followed by a marginal 0.23% drop on 26 February to Rs.1,034.00. On the final trading day, 27 February, the stock fell 2.19% to close at Rs.1,011.40. Despite these declines, the stock maintained a level well above the week’s opening price of Rs.993.85, preserving a weekly gain of 1.77%.
Volume during these days was notably lower than earlier in the week, suggesting reduced trading activity amid the price pullback. The Sensex showed mixed performance, with minor gains on 25 and 26 February but a sharp decline of 1.16% on 27 February, closing at 36,322.56. CCL Products’ relative strength was evident as it outperformed the benchmark index by nearly 2.73% over the week.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.1,032.40 | +3.88% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.1,061.60 | +2.83% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.1,036.40 | -2.37% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.1,034.00 | -0.23% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.1,011.40 | -2.19% | 36,322.56 | -1.16% |
Key Takeaways
Strong Early-Week Momentum: The stock’s surge to a new 52-week high and intraday gains on 23 and 24 February demonstrated robust buying interest and technical strength, supported by solid financial growth and institutional backing.
Technical Momentum Shift: Bullish signals from MACD, Bollinger Bands, and moving averages on 24 February confirmed a positive trend, although mixed volume indicators and KST suggested potential short-term consolidation.
Relative Outperformance: Despite minor price declines later in the week, CCL Products outperformed the Sensex by 2.73%, reflecting resilience amid broader market volatility.
Volume and Price Caution: Reduced volumes and small pullbacks in the last three trading sessions highlight the need for monitoring support levels near Rs.993 and resistance around the 52-week high of Rs.1,074.
Conclusion
CCL Products (India) Ltd’s week was characterised by a strong start with a new 52-week high and bullish technical momentum, followed by a period of consolidation and minor price corrections. The stock’s ability to outperform the Sensex amid mixed market conditions underscores its underlying strength and solid fundamentals. Technical indicators suggest a generally positive outlook, though investors should remain attentive to volume trends and key support levels to manage short-term risks. Overall, the stock’s performance this week reflects a balanced combination of momentum and caution within the FMCG sector landscape.
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