The stock closed at ₹585.25, down 1.20% from the previous close of ₹592.35, with intraday prices ranging between ₹585.25 and ₹599.15. Over the past week, Eureka Forbes recorded a return of 5.33%, outperforming the Sensex’s 0.96% gain. The one-month return stands at 8.37%, again surpassing the Sensex’s 0.86%. However, year-to-date returns show a modest 1.21% compared to the Sensex’s 8.36%, while the one-year return reflects a slight negative movement of -1.06% against the Sensex’s 9.48%. Over three years, the stock has delivered 21.99%, trailing the Sensex’s 37.31%.
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Technical indicators present a mixed but insightful picture. The Moving Averages on a daily timeframe signal bullish momentum, suggesting short-term price strength. The MACD indicator shows a bullish stance on the weekly chart, while the monthly MACD remains mildly bearish, indicating some divergence in momentum across timeframes. The Relative Strength Index (RSI) does not currently emit a clear signal on either weekly or monthly charts, implying a neutral momentum phase.
Bollinger Bands reflect sideways movement on the weekly scale but show bullish tendencies monthly, hinting at potential volatility contraction in the short term with an underlying upward bias over longer periods. The KST (Know Sure Thing) indicator is bearish on the weekly timeframe but bullish monthly, reinforcing the notion of mixed momentum signals depending on the investment horizon.
Volume-based indicators such as On-Balance Volume (OBV) are bullish on both weekly and monthly charts, suggesting accumulation and positive volume flow supporting price action. Dow Theory readings indicate a mildly bullish trend weekly, contrasted by a mildly bearish tone monthly, further highlighting the nuanced technical landscape for Eureka Forbes.
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From a market capitalisation perspective, Eureka Forbes holds a grade of 3, reflecting its standing within the Electronics & Appliances sector. The Mojo Score currently stands at 71.0, with a recent adjustment in evaluation noted on 19 Nov 2025, following a technical parameter change. This revision marks a shift from a previous hold stance to a buy grade, signalling a recalibration in the stock’s technical assessment.
Price levels remain below the 52-week high of ₹655.90 but comfortably above the 52-week low of ₹451.60, indicating a moderate range-bound movement over the past year. The stock’s performance relative to the Sensex over various periods highlights its distinct trajectory, with short-term outperformance contrasting with longer-term underperformance.
Investors analysing Eureka Forbes should consider the interplay of these technical signals alongside broader market conditions and sectoral trends. The mixed signals from momentum indicators across different timeframes suggest a period of consolidation with potential for directional movement as technical parameters continue to evolve.
Overall, the technical momentum shift in Eureka Forbes underscores the importance of monitoring multiple indicators to gauge price action and market sentiment effectively. The current bullish tilt in daily moving averages and weekly MACD, supported by volume trends, may offer insights into near-term price dynamics, while monthly indicators advise caution and a watchful stance.
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