Key Events This Week
Jan 19: Stock opens at Rs.1,407.50 with a modest gain despite Sensex decline
Jan 22: Intraday high surge of 7.35% to Rs.1,460 marks a strong rebound
Jan 23: Sharp intraday low of Rs.1,343 amid heavy selling pressure
Jan 23: Q3 FY26 results reveal record quarter but highlight valuation concerns
Monday, 19 January 2026: Modest Start Amid Market Weakness
D.P. Abhushan Ltd began the week on a positive note, closing at Rs.1,407.50, up 0.39% from the previous Friday’s close of Rs.1,402.00. This gain came despite the Sensex falling 0.49% to 36,650.97, indicating relative resilience in the stock. The trading volume was moderate at 146 lakh shares, suggesting steady investor interest. The stock’s ability to buck the broader market decline set a cautiously optimistic tone for the week ahead.
Tuesday, 20 January 2026: Sharp Decline Amid Broader Market Sell-Off
On 20 January, the stock reversed course, falling 2.23% to close at Rs.1,376.05. This decline was sharper than the Sensex’s 1.82% drop to 35,984.65, reflecting increased selling pressure on the stock. Volume nearly doubled to 276 lakh shares, signalling heightened activity. The broader market weakness, driven by macroeconomic concerns, weighed on investor sentiment, contributing to the stock’s underperformance.
Wednesday, 21 January 2026: Continued Pressure and Technical Weakness
D.P. Abhushan Ltd extended its losses on 21 January, slipping 1.17% to Rs.1,360.00 on lower volume of 113 lakh shares. The Sensex also declined by 0.47% to 35,815.26, but the stock’s sharper fall indicated persistent selling pressure. Technical indicators suggested the stock was trading below key moving averages, signalling a short-term downtrend. This set the stage for a potential reversal or further correction in the coming sessions.
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Thursday, 22 January 2026: Strong Intraday Rally Reverses Downtrend
The stock staged a remarkable recovery on 22 January, surging 7.67% to close at Rs.1,464.25, its highest level of the week. Intraday, it touched a peak of Rs.1,460, representing a 7.35% gain from the previous close. This rally was accompanied by a significant spike in volume to 2,171 lakh shares, indicating robust buying interest. The stock outperformed both its sector and the Sensex, which rose 0.76% to 36,088.66. The price closed above its 5-day and 20-day moving averages, signalling a short-term bullish momentum despite remaining below longer-term averages. This rebound followed two consecutive days of decline and suggested a potential technical recovery.
Friday, 23 January 2026: Sharp Reversal and Earnings Reveal Mixed Signals
Despite the previous day’s surge, D.P. Abhushan Ltd faced heavy selling pressure on 23 January, closing down 5.21% at Rs.1,387.95. The stock hit an intraday low of Rs.1,343, a steep 8.28% drop from the prior close, before recovering somewhat by the session’s end. Volume surged to 5,654 lakh shares, reflecting intense trading activity. The stock underperformed its sector and the Sensex, which itself declined 1.33% to 35,609.90. Technical indicators showed the stock trading below all major moving averages, indicating sustained downward momentum.
On the same day, D.P. Abhushan Ltd reported its Q3 FY26 results, delivering a record quarter in terms of earnings. However, the results also highlighted valuation concerns amid technical weakness, tempering enthusiasm. The company’s Mojo Score remained at 51.0 with a Hold rating, reflecting a cautious stance despite the strong quarterly performance. This combination of strong fundamentals and technical challenges contributed to the mixed market reaction.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.1,407.50 | +0.39% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.1,376.05 | -2.23% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.1,360.00 | -1.17% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.1,464.25 | +7.67% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.1,387.95 | -5.21% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: The stock demonstrated resilience by outperforming the Sensex’s 3.31% weekly decline with a smaller 1.00% drop. The strong intraday rally on 22 January, with a 7.35% surge to Rs.1,460, indicated renewed buying interest and short-term bullish momentum. The record Q3 FY26 results underscore the company’s operational strength despite market headwinds.
Cautionary Signals: The sharp correction on 23 January, including an intraday low of Rs.1,343 and a 5.21% daily decline, highlights significant volatility and selling pressure. The stock remains below key longer-term moving averages, suggesting ongoing technical challenges. The Mojo Score of 51.0 with a Hold rating reflects a cautious outlook amid valuation concerns and mixed market sentiment.
Conclusion
D.P. Abhushan Ltd’s week was marked by significant price swings, reflecting a tug-of-war between positive fundamental news and technical headwinds. While the stock outperformed the broader market decline and posted a record quarterly performance, the sharp intraday reversal and sustained trading below major moving averages indicate that investors remain cautious. The mixed signals suggest that the stock is navigating a consolidation phase, with short-term momentum offset by longer-term resistance. Market participants will likely watch upcoming sessions closely for confirmation of either a sustained recovery or further correction.
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