Technical Trend Overview
As of 18 Feb 2026, Dalmia Bharat Ltd’s share price closed at ₹2,116.85, down marginally by 0.75% from the previous close of ₹2,132.80. The stock traded within a range of ₹2,103.70 to ₹2,154.95 during the day, reflecting moderate volatility. Over the past week, the stock has underperformed the Sensex, declining by 3.29% compared to the benchmark’s 0.98% fall. Over the month, the stock’s return was -2.1%, again lagging the Sensex’s -0.14%. Year-to-date, however, Dalmia Bharat has outperformed the Sensex, with a modest decline of 0.75% versus the broader index’s 2.08% drop.
From a longer-term perspective, the stock has delivered a 16.95% return over the past year, comfortably ahead of the Sensex’s 9.81% gain. However, over three and five years, the stock’s returns of 8.89% and 45.56% respectively lag the Sensex’s 36.80% and 61.40% gains, indicating some underperformance in the medium term. The 52-week price range of ₹1,602.00 to ₹2,495.95 highlights significant price swings, with the current price sitting closer to the upper end of this range.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On the weekly timeframe, the MACD is mildly bullish, signalling a potential upward momentum building in the near term. This suggests that the shorter-term moving average is beginning to cross above the longer-term moving average, a classic bullish signal. Conversely, the monthly MACD remains mildly bearish, indicating that the longer-term momentum is still under pressure and caution is warranted for investors with a longer horizon.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of an extreme reading suggests that the stock is neither overbought nor oversold, implying that the recent price movements are not driven by excessive buying or selling pressure. Investors should watch for any RSI divergence or movement towards the 70 or 30 levels, which could provide clearer directional cues.
Moving Averages and Bollinger Bands
Daily moving averages for Dalmia Bharat are mildly bearish, indicating that the short-term trend is still facing downward pressure. This contrasts with the weekly Bollinger Bands, which are mildly bullish, and the monthly Bollinger Bands, which show a bullish stance. The Bollinger Bands’ expansion on the monthly chart suggests increasing volatility with a positive bias, while the weekly mild bullishness indicates a potential breakout from recent consolidation phases.
Additional Technical Signals
The Know Sure Thing (KST) indicator aligns with the bullish weekly trend, showing mild bullishness on the weekly chart and a stronger bullish signal on the monthly chart. This momentum oscillator supports the view that the stock could be entering a phase of upward price movement. Meanwhile, Dow Theory analysis is mixed: weekly signals are mildly bullish, but monthly signals remain mildly bearish, reinforcing the theme of short-term optimism tempered by longer-term caution.
On-Balance Volume (OBV) readings are mildly bullish on both weekly and monthly timeframes, suggesting that volume trends are supporting the recent price gains. This volume confirmation is a positive sign for the sustainability of any upward momentum.
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Mojo Score and Rating Update
Dalmia Bharat’s MarketsMOJO score currently stands at 42.0, reflecting a cautious stance. The Mojo Grade was downgraded from Hold to Sell on 16 Feb 2026, signalling a deterioration in the stock’s overall technical and fundamental outlook. The Market Cap Grade remains low at 2, indicating limited market capitalisation strength relative to peers. This downgrade aligns with the mixed technical signals and recent price underperformance against the Sensex benchmark.
Sector and Industry Context
Operating within the Cement & Cement Products sector, Dalmia Bharat faces sector-specific headwinds including fluctuating input costs and demand variability linked to infrastructure and real estate cycles. The sector’s performance often correlates with broader economic growth indicators, and recent macroeconomic uncertainties have contributed to cautious investor sentiment. Despite this, the company’s long-term fundamentals remain robust, supported by a diversified product portfolio and strategic expansions.
Price Momentum and Moving Averages
The daily moving averages’ mildly bearish stance suggests that short-term price momentum is under pressure, possibly due to profit booking or sector rotation. However, the weekly and monthly indicators, including Bollinger Bands and KST, hint at a potential shift towards a more constructive trend. Investors should monitor the 50-day and 200-day moving averages closely, as a crossover or sustained price movement above these levels could confirm a more definitive bullish reversal.
Volume and On-Balance Volume Analysis
OBV’s mildly bullish readings on both weekly and monthly charts indicate that buying volume is gradually increasing, supporting the price action. This volume trend is crucial as it suggests that institutional investors may be accumulating shares, which could provide a foundation for sustained price appreciation if confirmed by other technical signals.
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Investor Takeaway and Outlook
In summary, Dalmia Bharat Ltd is at a technical crossroads. Weekly indicators suggest a mild bullish momentum emerging, supported by positive MACD, Bollinger Bands, KST, and OBV signals. However, monthly indicators remain cautious, with bearish MACD and Dow Theory signals tempering enthusiasm. The daily moving averages’ mildly bearish stance further underscores the need for prudence in the short term.
Investors should weigh these mixed signals carefully, considering their investment horizon and risk tolerance. Those with a medium to long-term outlook may find value in the stock’s attractive valuation relative to its 52-week high and sector peers, especially if the monthly technical indicators improve. Conversely, short-term traders might prefer to wait for clearer confirmation of trend reversal, such as a sustained move above key moving averages or a bullish crossover in monthly MACD.
Given the recent downgrade to a Sell rating by MarketsMOJO and a Mojo Score of 42.0, the stock currently carries a cautious recommendation. However, the evolving technical landscape suggests that a turnaround is possible if positive momentum sustains and broader market conditions improve.
Comparative Performance Versus Sensex
While Dalmia Bharat has underperformed the Sensex in the short term, its one-year return of 16.95% surpasses the benchmark’s 9.81%, indicating resilience amid sectoral and macroeconomic challenges. Over longer periods, the stock’s returns trail the Sensex, highlighting the importance of monitoring ongoing technical developments and fundamental catalysts.
Conclusion
Dalmia Bharat Ltd’s recent technical parameter changes reflect a nuanced shift in price momentum, with weekly charts signalling mild bullishness amid mixed monthly signals. Investors should adopt a balanced approach, recognising the potential for upward movement while remaining mindful of prevailing risks. Continuous monitoring of key technical indicators such as MACD, RSI, moving averages, and volume trends will be essential to gauge the stock’s trajectory in the coming weeks and months.
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