Key Events This Week
Feb 9: Stock opens strong at Rs.703.45 (+1.22%) amid positive market sentiment
Feb 11: Sharp decline of 3.05% to Rs.676.00 following technical weakness signals
Feb 12: Further drop of 3.05% to Rs.655.40 as bearish momentum intensifies
Feb 13: Downgrade to Sell rating announced; stock closes at Rs.649.65 (-0.88%)
Monday, 9 February 2026: Positive Start Amid Broad Market Gains
Creative Newtech Ltd began the week on a positive note, closing at Rs.703.45, up Rs.8.45 or 1.22% from the previous Friday’s close of Rs.695.00. This outperformance was in line with the broader market, as the Sensex rose 1.04% to 37,113.23. The stock’s volume was robust at 190 lakh shares, reflecting investor interest amid a generally optimistic market mood. However, this initial strength would soon give way to a weakening trend as the week progressed.
Tuesday, 10 February 2026: Early Signs of Weakness
The stock reversed course on Tuesday, slipping 0.88% to Rs.697.25 on very low volume of just 5 lakh shares. Despite the Sensex advancing 0.25% to 37,207.34, Creative Newtech’s decline suggested early signs of technical fatigue. The limited trading activity may have indicated a lack of conviction among buyers, setting the stage for further declines.
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Wednesday, 11 February 2026: Sharp Decline Amid Technical Weakness
On Wednesday, the stock suffered a significant setback, plunging 3.05% to Rs.676.00 on volume of 104 lakh shares. This decline contrasted with the Sensex’s modest gain of 0.13% to 37,256.72, highlighting the stock’s growing divergence from broader market trends. The drop coincided with emerging technical weakness, as momentum indicators began signalling a bearish shift. This day marked the start of a sustained downtrend that would continue through the week.
Thursday, 12 February 2026: Continued Downtrend and Technical Deterioration
The bearish momentum intensified on Thursday, with the stock falling another 3.05% to Rs.655.40 on heavy volume of 259 lakh shares. The Sensex reversed course, declining 0.56% to 37,049.40, but Creative Newtech’s sharper fall underscored its vulnerability. Technical indicators such as MACD, RSI, and Bollinger Bands confirmed the weakening price momentum, while the stock traded below key moving averages. This day’s performance foreshadowed the impending downgrade and further price pressure.
Friday, 13 February 2026: Downgrade to Sell and Closing Near 52-Week Low
The week culminated with a downgrade by MarketsMOJO from Hold to Sell, citing technical weakness and market underperformance despite strong financials. The stock closed at Rs.649.65, down 0.88% on volume of 117 lakh shares, hovering just above its 52-week low of Rs.645.55. The Sensex fell 1.40% to 36,532.48, but Creative Newtech’s sharper decline and technical downshift reinforced the cautious outlook. The downgrade reflected a shift in sentiment, with the Mojo Score dropping to 48.0 and the technical trend moving to mildly bearish.
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Weekly Price Performance: Stock vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.703.45 | +1.22% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.697.25 | -0.88% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.676.00 | -3.05% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.655.40 | -3.05% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.649.65 | -0.88% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Creative Newtech Ltd continues to demonstrate strong financial performance, with record net sales of ₹914 crores and PBDIT of ₹26.50 crores in Q3 FY25-26. The company’s return on capital employed (ROCE) of 13.4% reflects efficient capital utilisation. Valuation metrics such as enterprise value to capital employed ratio at 2.5 suggest reasonable pricing relative to peers.
Cautionary Signals: Despite solid fundamentals, the stock has underperformed the Sensex significantly, falling 6.53% this week against a 0.54% decline in the benchmark. Technical indicators have shifted to a mildly bearish stance, with momentum oscillators like MACD and RSI weakening and the stock trading below key moving averages. The downgrade to a Sell rating by MarketsMOJO reflects these technical and market concerns. Additionally, the absence of institutional interest, with domestic mutual funds holding 0%, raises questions about investor confidence at current levels.
Conclusion
The week ending 13 February 2026 was challenging for Creative Newtech Ltd, as technical deterioration and market underperformance overshadowed its strong financial results. The downgrade to a Sell rating by MarketsMOJO underscores the shift in sentiment and the increased downside risk. While the company’s fundamentals remain robust, the stock’s price momentum and volume trends suggest caution. Investors should monitor key support levels near Rs.645 and watch for any signs of technical recovery before considering new positions. The divergence from broader market gains highlights the need for careful evaluation amid a complex market environment.
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