Key Events This Week
23 Feb: MarketsMOJO upgrades Creative Newtech Ltd to Hold on improved technicals and financials
24 Feb: Technical momentum shifts to sideways trend signalling consolidation
27 Feb: Technical momentum shifts again, showing mildly bearish signals
27 Feb: Week closes at Rs.660.85, up 1.61% for the week despite Sensex decline
23 February 2026: Upgrade to Hold Boosts Sentiment
Creative Newtech Ltd began the week on a positive note, closing at Rs.655.05, up 0.72% from the previous Friday’s close of Rs.650.35. This followed MarketsMOJO’s upgrade of the stock’s rating from Sell to Hold on 23 February 2026, reflecting improved technical indicators and strong quarterly financial results. The upgrade was driven by stabilising price trends, attractive valuation metrics such as an enterprise value to capital employed ratio of 2.5, and a robust return on capital employed of 13.4%.
The company’s Q3 FY25-26 results showed net sales rising to ₹914 crores, a 38.09% year-on-year increase, while operating profit surged 53.33% to ₹26.50 crores. Profit before tax excluding other income also hit a record ₹20.16 crores. These figures underscored a positive financial trajectory, supporting the cautious optimism behind the rating upgrade.
Despite these gains, the stock’s year-to-date return remained negative at -9.06%, lagging the Sensex’s -2.26% decline, indicating some market scepticism. However, the upgrade marked a technical and fundamental turning point, signalling a pause in the prior bearish trend.
24 February 2026: Technical Momentum Shifts to Sideways Consolidation
On 24 February, the stock closed unchanged at Rs.655.05, reflecting a sideways technical momentum shift. Key indicators such as MACD, RSI, and moving averages suggested a neutral stance, with the stock consolidating after recent volatility. The daily moving averages flattened, and Bollinger Bands narrowed, signalling reduced price volatility and a potential buildup before a directional move.
This sideways trend indicated neither buyers nor sellers held decisive control, with the stock trading within a range of Rs.644.70 to Rs.655.05. The On-Balance Volume (OBV) and Know Sure Thing (KST) oscillators remained subdued, reinforcing the neutral momentum. The MarketsMOJO Mojo Score of 54.0 and Hold rating reflected this stabilisation, though the stock remained well below its 52-week high of Rs.796.00.
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25-26 February 2026: Gradual Price Decline Amid Mixed Market Signals
The stock experienced a mild decline on 25 and 26 February, closing at Rs.647.00 and Rs.644.50 respectively, down 0.55% and 0.39% on those days. Volumes were notably low, with only 5 lakh shares traded on 25 February and 16 lakh on 26 February, indicating subdued investor interest. Despite the slight price erosion, the stock remained above its 52-week low of Rs.600.05, maintaining a relatively stable trading range.
During this period, the Sensex showed modest gains, closing at 36,679.75 (+0.41%) on 25 February and 36,748.49 (+0.19%) on 26 February, contrasting with Creative Newtech’s slight weakness. Technical indicators began to show early signs of weakening momentum, with moving averages failing to provide strong support and the RSI trending towards neutral to slightly bearish zones.
27 February 2026: Mildly Bearish Technical Signals Despite Strong Price Rally
On the final trading day of the week, Creative Newtech Ltd rebounded sharply, closing at Rs.660.85, up 2.54% intraday and marking the week’s high. This rally came despite the broader Sensex falling 1.16% to 36,322.56, highlighting the stock’s relative strength. However, technical momentum shifted from sideways to mildly bearish, with key indicators such as MACD and OBV signalling increased selling pressure and weakening momentum.
The On-Balance Volume indicator showed bearish volume patterns on weekly and monthly timeframes, suggesting that selling interest was outweighing buying. The Know Sure Thing oscillator remained subdued, and Dow Theory analysis indicated no clear trend, reinforcing the cautious technical stance. The Mojo Score remained at 54.0 with a Hold rating, reflecting a balanced but cautious outlook.
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Daily Price Comparison: Creative Newtech Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.655.05 | +0.72% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.650.55 | -0.69% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.647.00 | -0.55% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.644.50 | -0.39% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.660.85 | +2.54% | 36,322.56 | -1.16% |
Key Takeaways
Positive Signals: The MarketsMOJO upgrade to Hold on 23 February was supported by improved technical indicators and strong quarterly financial performance, including a 38.09% increase in net sales and a 53.33% rise in operating profit. The stock outperformed the Sensex over the week, gaining 1.61% versus the benchmark’s 0.96% decline, demonstrating relative strength amid a weak market.
Cautionary Signals: Despite the upgrade, the stock’s technical momentum shifted from sideways to mildly bearish by week’s end, with volume indicators signalling increased selling pressure. The stock remains well below its 52-week high and has underperformed the Sensex over longer timeframes, including a year-to-date loss of 9.06%. Low trading volumes during midweek sessions also suggest limited investor conviction.
Valuation and Quality: The company’s valuation metrics remain attractive, with a modest enterprise value to capital employed ratio and a healthy ROCE of 13.4%. However, the absence of domestic mutual fund holdings indicates a lack of institutional endorsement, which may temper enthusiasm and warrants a cautious approach.
Conclusion
Creative Newtech Ltd’s week was characterised by a cautious but positive shift in sentiment, driven by a MarketsMOJO upgrade to Hold and stabilising technical indicators. The stock’s modest 1.61% weekly gain against a declining Sensex highlights its relative resilience. However, the late-week emergence of mildly bearish technical signals and subdued volumes suggest that the stock remains in a consolidation phase rather than a clear uptrend.
Investors should monitor upcoming technical developments closely, particularly volume patterns and momentum oscillators, for confirmation of a sustained trend. While the company’s strong quarterly financials and attractive valuation provide a solid foundation, the lack of institutional backing and mixed technical signals counsel a measured approach. Creative Newtech Ltd remains a watchlist candidate for those balancing growth potential with valuation discipline amid uncertain market conditions.
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