Key Events This Week
Feb 23: Stock rises 1.25% to Rs.8,036.75, outperforming Sensex
Feb 24: Stock dips 1.34% amid broader market weakness
Feb 26: Hits new 52-week high of Rs.8,173.3 and sees surge in call option activity
Feb 27: Reaches fresh 52-week high of Rs.8,232.8 before minor pullback to close at Rs.8,015.70
Monday, 23 February 2026: Positive Start Amid Market Gains
Eicher Motors began the week on a strong note, closing at Rs.8,036.75, up 1.25% from the previous Friday’s close of Rs.7,937.35. This outpaced the Sensex’s 0.39% gain to 36,817.86, signalling early bullish sentiment. The stock’s volume was moderate at 10,918 shares, reflecting steady investor interest. The positive momentum was supported by the company’s robust fundamentals and anticipation of upcoming catalysts.
Tuesday, 24 February 2026: Market Weakness Weighs on Stock
On 24 February, Eicher Motors faced a setback, declining 1.34% to Rs.7,929.25, underperforming the Sensex which fell 0.78% to 36,530.09. The stock’s volume increased to 16,649 shares, indicating higher trading activity amid the sell-off. This dip aligned with broader market weakness and profit-taking after the previous day’s gains. Despite the decline, the stock remained above key moving averages, maintaining technical support.
Thursday, 26 February 2026: New 52-Week High and Surge in Call Options
Eicher Motors rebounded strongly on 26 February, hitting a new 52-week high intraday price of Rs.8,173.3 and closing at Rs.8,192.20, a 2.27% gain. This marked a continuation of the stock’s upward momentum, outperforming the Sensex’s modest 0.19% rise to 36,748.49. The volume remained robust at 16,159 shares. Notably, the stock attracted significant call option activity ahead of the 30 March expiry, with 4,138 contracts traded at the ₹8,100 strike price, generating turnover of approximately ₹920.17 lakhs. This surge in options trading reflected strong bullish sentiment and expectations of further upside.
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Friday, 27 February 2026: Fresh 52-Week High Followed by Minor Pullback
The stock reached another 52-week high of Rs.8,232.8 intraday on 27 February before retreating to close at Rs.8,015.70, down 2.15% for the day. This minor pullback occurred amid a broader market decline, with the Sensex falling 1.16% to 36,322.56. Despite the intraday volatility, Eicher Motors maintained its position above all major moving averages, signalling sustained technical strength. The stock remained one of the most actively traded by value, with a turnover of ₹126.94 crores on a volume of 1,55,311 shares, underscoring continued institutional interest. Call option activity remained robust, particularly at the ₹8,200 and ₹8,500 strike prices, with open interest indicating confidence in further upside potential.
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Weekly Price Performance: Eicher Motors vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.8,036.75 | +1.25% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.7,929.25 | -1.34% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.8,010.45 | +1.02% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.8,192.20 | +2.27% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.8,015.70 | -2.15% | 36,322.56 | -1.16% |
Key Takeaways from the Week
Strong Technical Momentum: Eicher Motors consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages throughout the week, signalling robust technical strength and sustained investor confidence.
New 52-Week Highs: The stock achieved fresh 52-week highs on both 26 and 27 February, reaching intraday peaks of Rs.8,173.3 and Rs.8,232.8 respectively, underscoring its upward trajectory.
Robust Call Option Activity: Significant call option volumes at strike prices near and above current levels (₹8,100, ₹8,200, and ₹8,500) ahead of the 30 March expiry indicate strong bullish positioning and expectations of further price appreciation.
Institutional Interest and Liquidity: High traded values and volumes, including a turnover exceeding ₹126 crore on 27 February, reflect sustained institutional participation and liquidity, facilitating sizeable trades without market disruption.
Fundamental Strength: The company’s solid financial metrics, including a 33.02% year-on-year net sales growth for the latest six months and a return on capital employed of 29.14%, support the stock’s premium valuation and market performance.
Conclusion
Eicher Motors Ltd demonstrated resilience and strength during the week ending 27 February 2026, closing with a 0.99% gain while the broader Sensex declined. The stock’s ability to hit new 52-week highs twice, coupled with strong call option activity and institutional interest, highlights a positive technical and fundamental backdrop. Despite a minor pullback on the final trading day, the stock remains well-positioned above key moving averages, reflecting sustained momentum. Investors should note the premium valuation metrics alongside the robust operational performance and market leadership within the automobile sector. Overall, Eicher Motors continues to be a prominent large-cap stock exhibiting relative strength amid mixed market conditions.
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