Key Events This Week
29 Dec 2025: Stock opens at ₹147.10, declines 1.77%
30 Dec 2025: Recovery with 0.82% gain to ₹148.30
31 Dec 2025: Strong rally of 4.08% to ₹154.35, rating upgraded to Hold
1 Jan 2026: Technical momentum shifts to sideways trend
2 Jan 2026: Mildly bearish daily trend emerges, stock closes at ₹151.45
29 December 2025: Weak Start Amid Broader Market Decline
Gandhar Oil Refinery began the week on a subdued note, closing at ₹147.10, down 1.77% from the previous Friday’s close. This decline coincided with a 0.41% drop in the Sensex to 37,140.23, reflecting cautious investor sentiment amid year-end market adjustments. The stock’s volume of 14,485 shares indicated moderate trading interest, with the price retreating amid broader sector uncertainties.
30 December 2025: Modest Recovery Despite Sensex Stability
The stock rebounded on 30 December, gaining 0.82% to close at ₹148.30, while the Sensex remained nearly flat, declining marginally by 0.01% to 37,135.83. Trading volume decreased to 12,103 shares, suggesting a cautious but positive response from investors. This uptick set the stage for a more significant move at the week’s end.
Momentum just kicked in! This Small Cap from the Auto - Trucks sector entered our list with explosive short-term signals. Catch the wave while it's still building!
- - Fresh momentum detected
- - Explosive short-term signals
- - Early wave positioning
31 December 2025: Strong Rally and Rating Upgrade to Hold
On the final trading day of 2025, Gandhar Oil Refinery surged 4.08% to close at ₹154.35, marking the week’s high. This rally was accompanied by a significant increase in volume to 40,605 shares, signalling robust buying interest. The price movement coincided with MarketsMOJO’s upgrade of the stock’s rating from Sell to Hold, reflecting improved technical indicators despite mixed financial fundamentals.
The upgrade was driven by a stabilisation in technical trends, including a mildly bullish weekly MACD and KST, alongside bullish weekly On-Balance Volume (OBV). These indicators suggested accumulation and reduced downside momentum, although monthly and daily charts remained mixed or mildly bearish. The company’s valuation also appeared attractive, with a Return on Capital Employed (ROCE) of 10.6% and an enterprise value to capital employed ratio of 1.1, indicating a discount relative to peers.
Despite the positive technical shift, Gandhar Oil’s longer-term financial trends remain challenging, with annualised declines in net sales and operating profit over the past five years. The recent quarterly results showed some improvement, with net sales reaching ₹1,059.91 crore and PBDIT at ₹65.84 crore, but profitability pressures persist.
1 January 2026: Technical Momentum Shifts to Sideways Amid Mixed Signals
The new year opened with Gandhar Oil Refinery maintaining its elevated price level, closing marginally lower at ₹154.30, a slight 0.03% dip from the previous day. The Sensex rose 0.14% to 37,497.10, indicating a broadly positive market environment. Volume moderated to 20,786 shares.
Technical analysis revealed a shift from a mildly bearish to a sideways trend, reflecting a pause in downward momentum. Weekly MACD and KST indicators remained mildly bullish, supported by bullish weekly OBV and Bollinger Bands, suggesting potential for further consolidation or upside. However, daily moving averages continued to show mild bearishness, and monthly indicators remained neutral or bearish, highlighting the complexity of the stock’s momentum.
The stock’s short-term outperformance was notable, with a one-week return of 4.57% compared to the Sensex’s 0.22% decline, and a one-month return of 18.73% versus the Sensex’s 0.49% drop. Nonetheless, year-to-date and one-year returns remained negative, underscoring ongoing challenges.
Holding Gandhar Oil Refinery (India) 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
2 January 2026: Mildly Bearish Daily Trend Emerges Amid Mixed Weekly Signals
The week closed with Gandhar Oil Refinery’s stock retreating 1.85% to ₹151.45 on relatively low volume of 7,343 shares. The Sensex advanced 0.81% to 37,799.57, highlighting the stock’s underperformance relative to the broader market on the final trading day.
Technical momentum shifted subtly from sideways to mildly bearish on daily moving averages, signalling weakening short-term price strength. Despite this, weekly indicators such as MACD, KST, Dow Theory, and OBV remained mildly bullish, suggesting underlying support and potential for consolidation near current levels.
The Relative Strength Index (RSI) hovered in neutral territory on both weekly and monthly charts, indicating no extreme momentum pressures. Bollinger Bands presented a divergence, with weekly bands bullish and monthly bands mildly bearish, reflecting uncertainty over the stock’s longer-term direction.
Investors face a complex technical landscape, with key support near ₹150 and resistance around ₹160 likely to dictate near-term price action. The stock’s one-year return remains deeply negative at -28.47%, contrasting with the Sensex’s 8.51% gain, underscoring the challenges Gandhar Oil faces amid sector volatility and financial headwinds.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.147.10 | -1.77% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.148.30 | +0.82% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.154.35 | +4.08% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.154.30 | -0.03% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.151.45 | -1.85% | 37,799.57 | +0.81% |
Key Takeaways
Positive Signals: The upgrade to a Hold rating reflects improved technical indicators, including bullish weekly MACD, KST, and OBV, signalling accumulation and reduced downside momentum. The stock’s valuation metrics, such as a 10.6% ROCE and low enterprise value to capital employed ratio, suggest it is attractively priced relative to peers. The strong rally on 31 December demonstrated potential for short-term recovery supported by increased volume.
Cautionary Notes: Despite technical improvements, Gandhar Oil’s longer-term financial trends remain weak, with declining sales and profitability over recent years. Daily moving averages turned mildly bearish by week’s end, and monthly technical indicators remain neutral to bearish, indicating unresolved downward pressures. The stock’s year-to-date and one-year returns significantly lag the Sensex, highlighting ongoing challenges amid sector volatility.
Conclusion
Gandhar Oil Refinery’s week was characterised by a cautious technical recovery amid mixed fundamental signals. The MarketsMOJO upgrade to Hold and the strong price rally on 31 December marked a positive shift in sentiment, supported by improved weekly momentum indicators and attractive valuation. However, the emergence of mildly bearish daily trends and persistent long-term financial headwinds temper enthusiasm. The stock’s modest 1.14% weekly gain slightly underperformed the Sensex’s 1.35% rise, reflecting ongoing uncertainty.
Investors should monitor key technical levels near ₹150 and ₹160, alongside sector developments, to gauge the stock’s next directional move. The complex interplay of bullish weekly signals and bearish daily and monthly indicators suggests a period of consolidation or cautious trading ahead, underscoring the need for balanced risk management in this volatile oil sector stock.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today
