Key Events This Week
2 Feb: Mojo Grade upgraded from Strong Sell to Sell
3 Feb: Technical momentum shifts to mildly bearish
4 Feb: Stock price surges 5.97% amid positive technical signals
5 Feb: Minor correction of -1.31% on lower volume
6 Feb: Week closes at Rs.267.80, up 9.42% for the week
Monday, 2 February: Weak Start Amid Broader Market Decline
Chamanlal Setia Exports Ltd opened the week on a subdued note, closing at Rs.237.30, down 3.04% from the previous Friday’s close of Rs.244.75. This decline was sharper than the Sensex’s 1.03% fall to 35,814.09, reflecting initial investor caution. The stock’s volume was notably low at 250 shares, indicating limited trading interest. This weak start set the stage for the week’s subsequent developments, with the stock hovering near its recent lows.
Tuesday, 3 February: Upgrade to Sell Rating Spurs 6.32% Rally
The stock rebounded strongly on 3 February, gaining 6.32% to close at Rs.252.30 on heavy volume of 4,018 shares. This surge coincided with MarketsMOJO’s upgrade of Chamanlal Setia’s Mojo Grade from Strong Sell to Sell, signalling a cautious improvement in the company’s outlook. The upgrade was driven by a shift in technical indicators from strongly bearish to mildly bearish and a reclassification of valuation from attractive to fair. The Sensex also rallied 2.63% to 36,755.96, but Chamanlal Setia outperformed significantly, reflecting renewed investor interest amid mixed fundamentals.
Wednesday, 4 February: Continued Momentum Pushes Stock to Weekly High
On 4 February, the stock extended its gains, rising 5.97% to Rs.267.35, marking the week’s highest close. Volume increased further to 4,422 shares, underscoring strong buying momentum. This price action aligned with technical signals showing a mildly bearish monthly MACD and a bullish monthly RSI, suggesting easing downward pressure and potential for recovery. The Sensex’s modest 0.37% gain to 36,890.21 was overshadowed by Chamanlal Setia’s robust performance, highlighting the stock’s outperformance within the broader market context.
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Thursday, 5 February: Minor Pullback on Lower Volume
The stock experienced a slight correction on 5 February, falling 1.31% to Rs.263.85 on reduced volume of 1,057 shares. This pullback followed two consecutive days of strong gains and coincided with a 0.53% decline in the Sensex to 36,695.11. The minor dip reflected profit-taking amid mixed technical signals, with daily moving averages remaining bearish despite improvements in monthly momentum indicators. The stock’s resilience near the Rs.260 level suggested underlying support despite short-term volatility.
Friday, 6 February: Week Closes Strong with 1.50% Gain
Chamanlal Setia ended the week on a positive note, rising 1.50% to close at Rs.267.80 on volume of 2,125 shares. The Sensex edged up 0.10% to 36,730.20, but the stock’s weekly gain of 9.42% far outpaced the benchmark’s 1.51% rise. This strong finish reflected sustained buying interest and a cautious optimism driven by the technical momentum shift and valuation reassessment. Despite ongoing financial headwinds, the stock demonstrated notable resilience and outperformance during the week.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.237.30 | -3.04% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.252.30 | +6.32% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.267.35 | +5.97% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.263.85 | -1.31% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.267.80 | +1.50% | 36,730.20 | +0.10% |
Key Takeaways
Technical Momentum Shift: The upgrade from Strong Sell to Sell was underpinned by a shift in technical indicators from strongly bearish to mildly bearish, with monthly MACD and RSI showing signs of easing downward pressure. This technical improvement was a key driver of the stock’s strong weekly gains.
Valuation Reassessment: The stock’s valuation moved from attractive to fair, reflecting a more balanced view relative to peers. Key metrics such as a PE ratio of 12.54 and EV/EBITDA of 7.26 suggest reasonable pricing despite ongoing financial challenges.
Financial Challenges Persist: Despite the positive technical signals, the company continues to face headwinds including declining quarterly PAT and modest long-term growth rates. ROCE and ROE remain moderate, indicating limited profitability momentum.
Market Outperformance: Chamanlal Setia’s 9.42% weekly gain significantly outpaced the Sensex’s 1.51% rise, highlighting strong relative strength amid a cautious market environment.
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Conclusion
Chamanlal Setia Exports Ltd’s performance during the week ending 6 February 2026 was characterised by a notable technical momentum shift and a corresponding upgrade in its investment rating. The stock’s 9.42% gain, substantially outperforming the Sensex, was driven by improved technical indicators and a fairer valuation assessment. However, persistent financial challenges and moderate profitability metrics temper the outlook, suggesting that while the stock may be stabilising, caution remains warranted. Investors should continue to monitor technical signals and fundamental developments closely as the company navigates its recovery path.
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