Key Events This Week
Jan 19: Mixed technical signals amid continued pressure
Jan 20: Stock hits 52-week low of Rs.395.7
Jan 21: Further decline to new 52-week low of Rs.375.6
Jan 22: Sharp rebound with 5.99% gain to Rs.404.90
Jan 23: Week closes lower at Rs.392.15 (-3.15%)
Monday, 19 January 2026: Mixed Technical Signals Amid Continued Pressure
Chemfab Alkalis Ltd opened the week with a modest gain, closing at Rs.422.75, up 0.87% from the previous close. Despite this, the stock remained under pressure as technical indicators painted a complex picture. The Moving Average Convergence Divergence (MACD) and Bollinger Bands suggested bearish momentum, while On-Balance Volume (OBV) hinted at some accumulation. The stock traded near its 52-week low zone, reflecting ongoing volatility and uncertainty in the commodity chemicals sector. Meanwhile, the Sensex declined 0.49%, closing at 36,650.97, indicating broader market weakness.
Tuesday, 20 January 2026: Stock Hits 52-Week Low of Rs.395.7 Amidst Continued Downtrend
The stock suffered a sharp setback on Tuesday, plunging 7.95% to close at Rs.389.15, marking a fresh 52-week low intraday of Rs.395.7. This decline was driven by deteriorating fundamentals and technical momentum, with the stock trading below all key moving averages. The company’s recent quarterly results revealed a 16.36% drop in net sales and a significant loss in profit before tax, exacerbating investor concerns. The Sensex also fell sharply by 1.82% to 35,984.65, reflecting a risk-off sentiment in the broader market.
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Wednesday, 21 January 2026: Further Decline to New 52-Week Low of Rs.375.6
The downward trend continued on Wednesday as Chemfab Alkalis Ltd’s stock fell to an intraday low of Rs.375.6, closing at Rs.382.00, down 1.84% for the day. This marked a cumulative two-day loss of over 10%, underscoring the persistent selling pressure. The stock remained below all major moving averages, reinforcing the bearish technical outlook. The company’s weak quarterly earnings and shrinking sales weighed heavily on sentiment. The Sensex declined marginally by 0.47% to 35,815.26, indicating a broadly negative market environment.
Thursday, 22 January 2026: Sharp Rebound with 5.99% Gain to Rs.404.90
In a notable recovery, the stock surged 5.99% to close at Rs.404.90 on Thursday, supported by increased volume and short-term technical buying. This rebound followed the steep losses earlier in the week and may reflect bargain hunting or short-covering. Despite this gain, the stock remained well below its 52-week high of Rs.1,049.80, highlighting the ongoing challenges. The Sensex bucked its recent downtrend, rising 0.76% to 36,088.66, providing some relief to the broader market.
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Friday, 23 January 2026: Week Closes Lower at Rs.392.15 (-3.15%)
The stock gave back some of Thursday’s gains on Friday, falling 3.15% to close the week at Rs.392.15. This decline capped a volatile week characterised by sharp swings and persistent bearish undertones. The stock’s weekly loss of 6.43% outpaced the Sensex’s 3.31% decline, signalling relative weakness. Trading volumes increased throughout the week, reflecting heightened investor activity amid uncertainty. The Sensex closed at 35,609.90, down 1.33% on the day, continuing the broader market’s downward trend.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.422.75 | +0.87% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.389.15 | -7.95% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.382.00 | -1.84% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.404.90 | +5.99% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.392.15 | -3.15% | 35,609.90 | -1.33% |
Key Takeaways from the Week
1. Persistent Bearish Momentum: The stock’s technical indicators, including MACD and moving averages, remained bearish throughout the week, culminating in fresh 52-week lows on 20 and 21 January. This reflects sustained selling pressure and weak investor confidence.
2. Weak Financial Performance: The company’s recent quarterly results showed a sharp decline in net sales (-16.36%) and significant losses in profit before tax and net profit, contributing to the negative sentiment and valuation concerns.
3. Volatile Price Action: Despite the overall downtrend, the stock experienced a sharp rebound on 22 January, gaining nearly 6%, indicating short-term buying interest or technical correction amid oversold conditions.
4. Relative Underperformance vs Sensex: Chemfab Alkalis Ltd’s weekly decline of 6.43% was nearly double the Sensex’s 3.31% fall, highlighting the stock’s vulnerability amid broader market weakness.
Overall, the week underscored the challenges facing Chemfab Alkalis Ltd, with deteriorating fundamentals and technical signals dominating price action. The stock’s low return on capital employed (1.8%) and premium valuation relative to earnings further complicate the outlook. While the rebound on Thursday offered a brief respite, the subsequent decline on Friday reaffirmed the prevailing caution among investors.
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