Key Events This Week
Jan 19: Stock opens at Rs.132.25, down 2.69%
Jan 20: Hits 52-week and all-time low near Rs.128.1
Jan 21: New 52-week low of Rs.123 recorded
Jan 22: Quarterly results reveal profit decline amid margin pressures
Jan 23: Reports negative financial trend, stock closes at Rs.130.35
Monday, 19 January 2026: Weak Start Amid Broader Market Decline
Forbes Precision Tools & Machine Parts Ltd opened the week at Rs.132.25, down 2.69% from the previous close. The decline coincided with a 0.49% drop in the Sensex to 36,650.97, reflecting a cautious market mood. The stock’s volume was moderate at 17,452 shares, signalling early investor hesitation. This set the tone for a difficult week ahead as the stock struggled to find support amid sector and market headwinds.
Tuesday, 20 January 2026: New 52-Week and All-Time Lows Amid Market Turmoil
On 20 January, Forbes Precision’s shares fell sharply to a fresh 52-week low of Rs.128.1, also marking an all-time low for the stock. Despite an intraday high of Rs.135, the stock closed near Rs.130.05, down 2.08% on the day. This decline occurred against a backdrop of a steep Sensex fall of 1.82% to 35,984.65, reflecting broad market weakness. The stock marginally outperformed its Electronics - Components sector peers, which declined 2.5%, but remained below all key moving averages, signalling sustained bearish momentum.
Financially, the company’s operating profit has contracted at an annualised rate of 5.76% over five years, with flat recent quarterly results and a 3% profit decline over the past year. The high promoter share pledge ratio of 94.4% adds to downside risk, as pledged shares may be liquidated in falling markets.
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Wednesday, 21 January 2026: Further Decline to Rs.123 Amid Mixed Market Signals
The stock continued its downward trajectory on 21 January, hitting a new 52-week and all-time low of Rs.123. Despite this, Forbes Precision managed a modest intraday recovery, closing at Rs.131.55, up 1.98% from the previous close. The Sensex was nearly flat, declining 0.47% to 35,815.26, while the stock outperformed its sector by 1.05%. However, the intraday low represented a 4.65% drop, underscoring persistent selling pressure.
Institutional interest remains minimal, with domestic mutual funds holding just 0.03% of shares. The company’s return on equity remains strong at 18.80%, and the dividend yield is relatively attractive at 3.85%, but these positives have not translated into price momentum. The stock remains below all major moving averages, reflecting ongoing bearish sentiment.
Thursday, 22 January 2026: Quarterly Results Reveal Profit Decline and Margin Pressures
Forbes Precision Tools reported its Q3 FY26 results, revealing a decline in profitability despite revenue growth. Profit before tax excluding other income fell 20.3% to ₹7.32 crores, while net profit after tax dropped 22.0% to ₹5.59 crores compared to the previous four-quarter average. This marked a shift from a previously flat financial trend to a negative trajectory, with a financial trend score plunging from 1 to -6 within three months.
Margin pressures appear to be intensifying, likely due to rising input costs and operational inefficiencies. The industrial manufacturing sector’s mixed environment, with fluctuating demand and inflationary pressures, has exacerbated these challenges. Despite the disappointing earnings, the stock showed resilience, closing at ₹134.85, up 2.51% on the day, amid volatile trading.
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Friday, 23 January 2026: Negative Financial Trend Confirmed, Stock Ends Week Lower
The week closed with Forbes Precision reporting a marked deterioration in quarterly performance and a negative financial trend. Profitability metrics contracted sharply, with profit before tax excluding other income and net profit after tax down by over 20% compared to recent averages. The company’s Mojo Score dropped to 26.0, with a Strong Sell rating, reflecting heightened caution among analysts.
The stock price declined 3.34% on the day to close at Rs.130.35, amid a 1.33% fall in the Sensex to 35,609.90. Despite the negative earnings trend, the stock’s dividend yield remains relatively high at 3.75%, offering some income cushion. However, the persistent decline below all key moving averages and the downgrade in market sentiment underscore the challenges ahead for the company.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.132.25 | -2.69% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.129.00 | -2.46% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.131.55 | +1.98% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.134.85 | +2.51% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.130.35 | -3.34% | 35,609.90 | -1.33% |
Key Takeaways
Persistent Downtrend: Forbes Precision’s stock fell 4.08% over the week, underperforming the Sensex’s 3.31% decline and hitting new 52-week and all-time lows at Rs.128.1 and Rs.123 respectively.
Financial Weakness: Quarterly results revealed a sharp profit contraction of over 20%, signalling margin pressures and a negative financial trend score of -6, a steep deterioration from prior quarters.
Valuation and Yield: Despite the price decline, the stock offers a relatively high dividend yield near 3.75% and maintains a strong return on equity of 18.80%, reflecting efficient capital use.
High Promoter Pledging: The elevated promoter share pledge ratio of 94.4% remains a significant risk factor, potentially exacerbating price volatility in falling markets.
Limited Institutional Interest: Domestic mutual funds hold a minimal stake of 0.03%, indicating restrained institutional confidence amid ongoing challenges.
Technical Indicators: The stock trades below all major moving averages, underscoring sustained bearish momentum and investor caution.
Conclusion
The week ending 23 January 2026 was marked by continued weakness for Forbes Precision Tools & Machine Parts Ltd, with the stock declining 4.08% amid deteriorating financial performance and negative market sentiment. The company’s sharp profit decline and downgraded Mojo Score to Strong Sell highlight significant near-term challenges. While the stock’s dividend yield and return on equity remain relatively attractive, high promoter pledging and limited institutional interest weigh heavily on investor confidence. Technical indicators confirm sustained downward momentum, suggesting that the stock faces a difficult environment until clear signs of operational turnaround emerge.
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