Key Events This Week
Feb 9: Intraday high of Rs.273 with 8.41% gain
Feb 10: Minor pullback of 0.56%
Feb 11-13: Consecutive declines, hitting 52-week low of Rs.237.5 on Feb 13
Feb 13: Week closes at Rs.239.75, down 5.80%
Monday, 9 February 2026: Strong Intraday Surge Signals Early Optimism
Ellenbarrie Industrial Gases Ltd opened the week on a robust note, surging 8.41% to close at Rs.275.90 on 9 February 2026. The stock reached an intraday high of Rs.273, marking a 7.05% gain from the previous close and outperforming the Sensex’s 1.04% rise. This strong performance was driven by early buying interest, with the stock opening 2.91% higher and maintaining momentum throughout the session.
Technical indicators supported this short-term bullishness, as the stock traded above its 5-day and 20-day moving averages. However, it remained below longer-term averages, signalling that medium- and long-term trends had yet to align with the recent gains. The Industrial Gases & Fuels sector also advanced 2.76%, but Ellenbarrie’s outperformance highlighted its relative strength within the segment.
Tuesday, 10 February 2026: Minor Correction Amid Consolidation
Following Monday’s rally, the stock experienced a modest pullback on 10 February, declining 0.56% to Rs.274.35. This slight retreat came on lower volume and was in line with a broader market consolidation, as the Sensex gained 0.25%. The stock’s minor correction suggested profit-taking after the sharp gains, but it remained near the week’s high, maintaining a generally positive technical setup.
Rising fast and still accelerating! This Small Cap from FMCG sector is riding pure momentum right now. Jump in before the rally reaches its peak!
- - Accelerating price action
- - Pure momentum play
- - Pre-peak entry opportunity
Wednesday to Friday, 11-13 February 2026: Sustained Declines and New 52-Week Low
The stock entered a bearish phase from 11 February, declining sharply by 5.81% to Rs.258.40, followed by further drops of 3.37% and 3.98% on 12 and 13 February respectively. This four-day losing streak culminated in a fresh 52-week low of Rs.237.5 on 13 February, with the stock closing the week at Rs.239.75, down 5.80% from the previous Friday’s close of Rs.254.50.
During this period, the Sensex also declined but by a smaller magnitude of 0.54% for the week, highlighting Ellenbarrie’s underperformance. The stock traded below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating sustained bearish momentum and a lack of short- to long-term upward pressure.
Financial disclosures revealed rising interest expenses, up 40.57% to Rs.1.49 crore, which weighed on profitability. Non-operating income accounted for nearly 47% of profit before tax, signalling reliance on non-core earnings. Despite this, profits increased 84% year-on-year, and operating profit grew at an annualised rate of 72.77%, reflecting underlying business strength amid valuation concerns.
Institutional investors marginally increased their stake by 0.68% to 16.26%, suggesting measured confidence despite the stock’s weak price action. The company’s return on equity stood at 9%, with a price-to-book ratio of 3.8, indicating a relatively expensive valuation given the earnings profile.
Holding Ellenbarrie Industrial Gases Ltd from ? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Weekly Price Performance: Ellenbarrie Industrial Gases Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.275.90 | +8.41% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.274.35 | -0.56% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.258.40 | -5.81% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.249.70 | -3.37% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.239.75 | -3.98% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The strong opening surge on 9 February demonstrated short-term buying interest and technical momentum, with the stock outperforming both its sector and the Sensex. Operating profit growth at an annualised 72.77% and an 84% increase in profits year-on-year indicate underlying business strength. The company’s low Debt to EBITDA ratio of 1.00 times reflects prudent leverage management, and a slight increase in institutional holdings suggests some confidence among professional investors.
Cautionary Signals: Despite short-term gains, the stock’s sustained decline over four consecutive days and breach of a 52-week low highlight significant selling pressure. The stock trades below all major moving averages, signalling bearish momentum. Rising interest expenses and a heavy reliance on non-operating income for nearly half of profit before tax raise concerns about earnings quality. The current Mojo Grade of ‘Sell’ and a Mojo Score of 37.0 reflect a cautious market stance. Valuation metrics such as a price-to-book ratio of 3.8 and a modest 9% ROE suggest the stock may be expensive relative to its earnings and asset base.
Conclusion
Ellenbarrie Industrial Gases Ltd’s week was marked by a sharp initial rally followed by sustained declines, resulting in a 5.80% weekly loss that outpaced the Sensex’s 0.54% drop. The stock’s fresh 52-week low and technical weakness contrast with some positive fundamental indicators such as strong profit growth and manageable debt levels. However, rising interest costs and reliance on non-operating income temper optimism. The downgrade to a ‘Sell’ rating by MarketsMOJO underscores the cautious outlook prevailing among analysts. Investors should closely monitor the stock’s price action relative to key moving averages and sector trends in the coming weeks.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
