Current Price Action and Market Context
Trading at ₹949.00 as of 10 Feb 2026, Empire Industries Ltd has seen a modest day gain of 1.91%, closing above the previous close of ₹931.25. The stock’s intraday range was relatively tight, with a low of ₹928.00 and a high of ₹950.00. While this price remains well below its 52-week high of ₹1,275.00, it is comfortably above the 52-week low of ₹880.35, indicating some resilience amid recent volatility.
Comparatively, Empire Industries has outperformed the Sensex over shorter periods, with a 1-week return of 5.19% versus Sensex’s 2.94%, and a 1-month return of 3.94% against the benchmark’s 0.59%. However, the stock’s year-to-date return stands at -1.68%, slightly underperforming the Sensex’s -1.36%. Over longer horizons, the stock has lagged the Sensex, with a 1-year return of -14.80% compared to the Sensex’s 7.97%, and a 10-year return of -37.07% against the Sensex’s robust 249.97%.
Technical Trend Evolution
Empire Industries’ technical trend has recently shifted from bearish to mildly bearish, signalling a tentative improvement in price momentum but still reflecting caution. This subtle change suggests that while downward pressure may be easing, the stock has yet to establish a clear bullish trajectory.
The daily moving averages reinforce this cautious stance, remaining mildly bearish. The stock price is hovering near key moving average levels, which may act as resistance or support depending on forthcoming price action. Investors should monitor these averages closely for confirmation of a sustained trend reversal or a potential return to bearishness.
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MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a bifurcated signal for Empire Industries. On a weekly basis, the MACD is mildly bullish, suggesting that short-term momentum is gaining strength and could support further price appreciation. Conversely, the monthly MACD remains mildly bearish, indicating that longer-term momentum has yet to confirm a sustained uptrend.
This divergence between weekly and monthly MACD readings highlights the stock’s current technical uncertainty. Traders focusing on shorter timeframes may find opportunities in the mild bullish momentum, while long-term investors should remain cautious until monthly indicators improve.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on the weekly chart is bullish, signalling that buying pressure is increasing and the stock is gaining positive momentum. However, the monthly RSI does not currently provide a clear signal, reflecting a neutral stance over the longer term. This mixed RSI profile suggests that while short-term momentum is improving, the stock is not yet overextended and may have room to run if buying interest persists.
Bollinger Bands and Volatility Assessment
Bollinger Bands on both weekly and monthly charts remain mildly bearish, indicating that volatility is somewhat elevated and the stock price is closer to the lower band than the upper. This positioning often signals caution, as the stock may be vulnerable to further downside or consolidation before a decisive breakout occurs.
Additional Technical Signals
The Know Sure Thing (KST) oscillator is bearish on a weekly basis and mildly bearish monthly, reinforcing the cautious tone of the broader technical landscape. Meanwhile, Dow Theory assessments show no clear trend on either weekly or monthly timeframes, underscoring the stock’s current indecision and lack of directional conviction.
On-Balance Volume (OBV) data is not explicitly available, which limits volume-based momentum analysis. However, the existing indicators collectively suggest that Empire Industries is in a phase of technical consolidation with a slight bias towards bearishness, tempered by pockets of short-term bullishness.
Mojo Score and Analyst Ratings
MarketsMOJO assigns Empire Industries a Mojo Score of 45.0, categorising it as a Sell with a recent downgrade from Hold on 17 Nov 2025. The Market Cap Grade stands at 4, reflecting the company’s mid-tier market capitalisation within the diversified sector. This downgrade aligns with the mixed technical signals and the stock’s underperformance relative to the Sensex over the past year.
Investors should note that the downgrade reflects a cautious stance based on fundamental and technical factors, signalling that the stock may face headwinds in the near term despite some short-term momentum improvements.
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Long-Term Performance and Investor Implications
Empire Industries’ long-term returns have been mixed. While the stock has delivered a respectable 39.88% return over three years, slightly outperforming the Sensex’s 38.25%, it has lagged significantly over five and ten years, with returns of 53.70% and -37.07% respectively, compared to the Sensex’s 63.78% and 249.97%. This disparity highlights challenges in sustaining growth and market leadership over extended periods.
For investors, the current technical signals suggest a cautious approach. The mildly bearish trend and mixed momentum indicators imply that the stock may experience sideways movement or modest declines before any meaningful recovery. Short-term traders might capitalise on weekly bullish signals, but long-term investors should await clearer confirmation of trend reversal, ideally through improved monthly MACD and RSI readings alongside stabilising moving averages.
Sector and Industry Context
Operating within the diversified sector, Empire Industries faces competition from peers with varying growth trajectories and market capitalisations. The sector’s overall performance and macroeconomic factors will continue to influence the stock’s momentum. Investors should consider sectoral trends and broader market conditions when evaluating Empire Industries’ prospects.
Conclusion
Empire Industries Ltd is currently navigating a complex technical landscape marked by a shift from bearish to mildly bearish momentum. While weekly indicators such as MACD and RSI show encouraging signs of short-term strength, monthly signals and moving averages counsel caution. The recent downgrade to a Sell rating by MarketsMOJO reflects these mixed signals and the stock’s relative underperformance over the past year.
Investors are advised to monitor key technical levels and momentum indicators closely, balancing short-term opportunities against longer-term risks. The stock’s performance relative to the Sensex and sector peers should also inform investment decisions, particularly given the company’s uneven long-term returns.
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