Current Price and Recent Price Action
As of 24 Feb 2026, Dalmia Bharat Sugar & Industries Ltd closed at ₹282.00, down 0.72% from the previous close of ₹284.05. The stock traded within a range of ₹277.70 to ₹286.25 during the day, remaining closer to its 52-week low of ₹262.75 than its high of ₹464.00. This price action reflects ongoing pressure on the stock, with limited upside momentum in the near term.
Technical Trend Shift: From Mildly Bearish to Bearish
The technical trend for Dalmia Bharat has shifted from mildly bearish to bearish, indicating a worsening outlook. This change is supported by several key technical indicators:
- Moving Averages (Daily): The daily moving averages are firmly bearish, with the stock trading below its short- and medium-term averages. This suggests that the downward momentum is gaining strength and that resistance levels are likely to hold.
- MACD: The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On the weekly chart, it remains mildly bullish, hinting at some short-term positive momentum. However, the monthly MACD is bearish, signalling that the longer-term trend remains negative.
- RSI: The Relative Strength Index (RSI) on both weekly and monthly timeframes shows no clear signal, hovering in neutral territory. This indicates a lack of strong momentum either way, but combined with other bearish signals, it suggests limited buying interest.
- Bollinger Bands: Weekly Bollinger Bands are bearish, with the price trending near the lower band, indicating selling pressure. Monthly bands are mildly bearish, reinforcing the longer-term downtrend.
- KST (Know Sure Thing): The weekly KST remains mildly bullish, but the monthly KST is bearish, mirroring the MACD’s mixed signals and underscoring the divergence between short- and long-term momentum.
- Dow Theory: Both weekly and monthly Dow Theory assessments are mildly bearish, confirming the presence of a downtrend in the broader market context for this stock.
- On-Balance Volume (OBV): OBV shows no clear trend on weekly or monthly charts, suggesting volume is not confirming price moves, which weakens the conviction behind any rallies.
Comparative Returns and Market Context
Examining Dalmia Bharat’s returns relative to the Sensex provides further insight into its performance challenges. Over the past week, the stock declined by 3.62%, while the Sensex was essentially flat, up 0.02%. Over one month, the stock gained 3.07%, slightly outperforming the Sensex’s 2.15% rise. However, year-to-date, the stock is down 5.65%, underperforming the Sensex’s 2.26% decline. The one-year return is particularly concerning, with Dalmia Bharat falling 15.90% while the Sensex gained 10.60%.
Longer-term returns also highlight underperformance: over three years, the stock is down 11.36% compared to the Sensex’s 39.74% gain. Despite this, the five- and ten-year returns remain positive at 72.48% and 339.59% respectively, outperforming the Sensex’s 67.42% and 255.80% gains, reflecting the company’s historical growth but recent struggles.
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Mojo Score and Grade Update
Dalmia Bharat’s MarketsMOJO score currently stands at 30.0, reflecting a weak technical and fundamental outlook. The Mojo Grade was downgraded from Hold to Sell on 29 Jul 2025, signalling a deterioration in the stock’s quality and momentum. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers in the sugar sector.
Sector and Industry Considerations
Operating within the sugar industry, Dalmia Bharat faces sector-specific challenges including commodity price volatility, regulatory changes, and cyclical demand patterns. The sugar sector has seen mixed performance recently, with some companies benefiting from export incentives and government support, while others struggle with rising input costs and subdued domestic demand. Dalmia Bharat’s technical indicators suggest it is currently on the weaker side of this spectrum.
Technical Indicator Analysis: What Investors Should Watch
Investors should closely monitor the daily moving averages, which currently reinforce a bearish stance. A sustained move above the 50-day and 200-day moving averages would be required to signal a potential reversal. The weekly MACD’s mild bullishness could offer short-term relief rallies, but the monthly MACD and KST bearishness caution against expecting a sustained uptrend soon.
The neutral RSI readings imply that the stock is neither oversold nor overbought, leaving room for further downside if selling pressure intensifies. Bollinger Bands suggest the stock is trading near the lower volatility band, which could indicate a potential bounce, but the overall bearish context tempers optimism.
Volume and Momentum Confirmation
The lack of a clear On-Balance Volume trend is a warning sign, as volume is a critical confirmation tool for price moves. Without volume support, any rallies may lack conviction and be vulnerable to reversal. This is consistent with the Dow Theory’s mildly bearish signals on both weekly and monthly timeframes, which reflect a prevailing downtrend in price action.
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Outlook and Investor Takeaways
Given the current technical landscape, Dalmia Bharat Sugar & Industries Ltd appears to be in a phase of weakening momentum with bearish signals dominating the charts. The downgrade to a Sell grade by MarketsMOJO reflects this shift, and investors should exercise caution. While short-term rallies may occur, the longer-term monthly indicators suggest the downtrend is likely to persist unless there is a significant change in fundamentals or sector dynamics.
Investors with a medium- to long-term horizon should watch for a sustained break above key moving averages and confirmation from volume indicators before considering fresh positions. Meanwhile, those with a lower risk tolerance may prefer to reduce exposure or explore alternative sugar sector stocks with stronger technical profiles.
In summary, the technical parameter changes for Dalmia Bharat highlight a clear shift towards bearish momentum, underscoring the importance of disciplined risk management and thorough analysis in navigating this stock’s evolving market environment.
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