Key Events This Week
Feb 9: Stock opens at Rs.7.81, declines 4.87% amid weak sentiment
Feb 11: Price rebounds 4.93% to Rs.7.87 following stabilising technical signals
Feb 12: Further gain of 4.96% to Rs.8.26 as technical upgrade announced
Feb 13: Q3 results released; stock closes at Rs.8.67 (+4.96%) with rating upgrade to Sell
Monday, 9 February 2026: Weak Start Amid Broader Market Gains
Explicit Finance Ltd opened the week at Rs.7.81, marking a decline of 4.87% from the previous Friday’s close of Rs.8.21. This drop contrasted sharply with the Sensex’s 1.04% gain, closing at 37,113.23. The stock’s volume was relatively robust at 1,661 shares, indicating active selling pressure. The decline reflected ongoing concerns about the company’s fundamental challenges, including operating losses and liquidity constraints.
Tuesday, 10 February 2026: Continued Decline on Thin Volume
The downward trend persisted on 10 February, with the stock falling another 3.97% to Rs.7.50 on very low volume of 46 shares. The Sensex continued its modest ascent, gaining 0.25% to 37,207.34. The stock’s underperformance highlighted investor caution amid no new fundamental developments. The thin trading volume suggested limited buying interest at these levels.
Wednesday, 11 February 2026: Technical Rebound Spurs 4.93% Gain
On 11 February, Explicit Finance reversed course, rising 4.93% to Rs.7.87 with volume increasing to 1,763 shares. This recovery coincided with a slight Sensex gain of 0.13%, closing at 37,256.72. The price bounce was attributed to emerging technical signals indicating a potential stabilisation. This marked the beginning of a short-term positive momentum shift after two days of declines.
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Thursday, 12 February 2026: Technical Upgrade Boosts Price by 4.96%
The stock gained 4.96% to close at Rs.8.26 on 12 February, supported by a moderate volume of 500 shares. This rise occurred despite the Sensex retreating 0.56% to 37,049.40. The price increase followed MarketsMOJO’s upgrade of Explicit Finance Ltd’s rating from ‘Strong Sell’ to ‘Sell’, reflecting improved technical indicators despite ongoing fundamental weaknesses. The upgrade was based on a shift from a sideways to a mildly bullish technical trend, including daily moving averages turning positive and a bullish weekly RSI.
Friday, 13 February 2026: Q3 Profit Return and Rating Upgrade Drive 4.96% Gain
Explicit Finance Ltd closed the week at Rs.8.67, up 4.96% on a volume of 250 shares, outperforming the Sensex which fell 1.40% to 36,532.48. The day’s gains were propelled by the release of Q3 FY26 results showing a return to profitability for the micro-cap NBFC, albeit amid volatile performance. The company reported a modest profit after a period of operating losses, with PBDIT at ₹-0.10 crore and PBT less other income at ₹-0.11 crore, indicating ongoing financial challenges. Concurrently, MarketsMOJO’s upgrade to a ‘Sell’ rating reflected cautious optimism based on technical improvements rather than fundamental strength.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.7.81 | -4.87% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.7.50 | -3.97% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.7.87 | +4.93% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.8.26 | +4.96% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.8.67 | +4.96% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock’s 5.60% weekly gain significantly outperformed the Sensex’s 0.54% decline, driven by improved technical indicators and a return to profitability in Q3 FY26. The upgrade from ‘Strong Sell’ to ‘Sell’ by MarketsMOJO reflects a shift to a mildly bullish technical trend, supported by daily moving averages and weekly RSI. The stock’s recovery after two days of sharp declines suggests emerging investor interest on technical grounds.
Cautionary Notes: Despite the technical upgrade, fundamental challenges persist. The company’s operating losses continue, with PBDIT and PBT figures remaining negative. Cash reserves are minimal at ₹0.41 crore, and the return on equity is a low 0.5%. Valuation remains expensive with a price-to-book ratio of 1, despite underperformance over the past year. The upgrade is based on technical momentum rather than a fundamental turnaround, warranting cautious monitoring.
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Conclusion
Explicit Finance Ltd’s performance this week highlights a tentative recovery driven by technical improvements and a modest return to profitability in Q3 FY26. The stock’s 5.60% gain amid a declining Sensex underscores the impact of positive technical momentum, which prompted MarketsMOJO to upgrade its rating to ‘Sell’. However, the company’s fundamental weaknesses, including ongoing operating losses, low cash reserves, and expensive valuation, remain significant headwinds. Investors should view the upgrade as a cautious signal of stabilisation rather than a fundamental turnaround. Continued monitoring of both technical trends and financial results will be essential to assess the stock’s trajectory going forward.
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