Intraday Performance and Price Movement
Gandhar Oil Refinery (India) Ltd experienced a notable intraday decline of 7.99%, underperforming the Sensex which fell by 0.47% on the same day. The stock’s intraday low of Rs 149.15 represented a 9% drop from its previous close, marking a reversal after two consecutive days of gains. This decline was accompanied by exceptionally high volatility, with an intraday volatility measure of 112.98% calculated from the weighted average price, indicating significant price swings throughout the trading session.
The stock’s price action showed a mixed relationship with its moving averages. While it remained above the 50-day and 100-day moving averages, it traded below the 5-day, 20-day, and 200-day moving averages, signalling short-term weakness despite some longer-term support levels holding firm.
Sector and Market Context
The oil sector, to which Gandhar Oil Refinery belongs, faced headwinds amid a broader market downturn. The Sensex opened 100.91 points lower and continued to decline, closing down 259.61 points at 81,177.18, a 0.44% drop. This marked the third consecutive weekly decline for the Sensex, which has lost 2.87% over the past three weeks. Several indices, including NIFTY MEDIA, NIFTY REALTY, and S&P Bse Realty, hit new 52-week lows on the same day, underscoring the prevailing cautious sentiment across sectors.
Within this environment, Gandhar Oil Refinery’s underperformance was pronounced, with the stock lagging its sector by 8.51% on the day. This divergence highlights the specific pressures facing the company’s shares beyond the general market weakness.
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Recent Performance Trends
Examining Gandhar Oil Refinery’s recent performance reveals a mixed picture. Over the past week, the stock declined by 1.21%, slightly outperforming the Sensex’s 1.25% fall. Over one month, the stock gained 0.70%, contrasting with the Sensex’s 4.57% decline, and over three months, it rose 10.15% while the Sensex dropped 4.28%. These figures suggest some resilience in the medium term despite the current intraday weakness.
However, the longer-term trend remains challenging. The stock has declined 16.34% over the past year, significantly underperforming the Sensex’s 7.68% gain. Year-to-date, Gandhar Oil Refinery’s shares have fallen 2.30%, while the Sensex has dropped 4.77%. Over three, five, and ten years, the stock’s performance has been flat at 0.00%, compared to substantial gains in the Sensex, indicating limited long-term capital appreciation.
Mojo Score and Market Capitalisation Insights
Gandhar Oil Refinery currently holds a Mojo Score of 48.0, categorised as a Sell grade as of 21 Jan 2026, a downgrade from its previous Hold rating. This reflects a deterioration in the company’s overall market and financial metrics as assessed by MarketsMOJO. The stock’s market capitalisation grade stands at 3, indicating a relatively modest market cap within its sector and peer group.
The downgrade in Mojo Grade aligns with the recent price pressure and volatility, signalling increased caution among market participants regarding the stock’s near-term prospects.
Broader Market Sentiment and Technical Factors
The broader market environment has been unfavourable, with the Sensex trading below its 50-day moving average, although the 50DMA remains above the 200DMA, suggesting some underlying medium-term support. The ongoing three-week decline in the Sensex and the emergence of new 52-week lows in several indices contribute to a cautious market sentiment that has weighed on stocks like Gandhar Oil Refinery.
Technical indicators for the stock reveal a short-term downtrend, with the price slipping below key moving averages such as the 5-day and 20-day, which often serve as immediate resistance levels. The high intraday volatility further emphasises the unsettled trading conditions and the presence of significant selling pressure during the session.
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Summary of Intraday Pressures
The sharp intraday decline in Gandhar Oil Refinery’s share price on 27 Jan 2026 can be attributed to a combination of factors including the broader market weakness, sector-specific headwinds, and technical selling triggered by the breach of short-term moving averages. The stock’s high volatility reflects active trading and uncertainty among investors, while the downgrade in Mojo Grade to Sell underscores the cautious stance adopted by market analysts.
Despite the intraday low and price pressure, the stock remains supported above some longer-term moving averages, suggesting that while immediate pressures are significant, there is still some underlying technical support. The overall market sentiment remains subdued, with the Sensex experiencing a third consecutive weekly decline and multiple sector indices hitting new lows, which has contributed to the cautious trading environment.
Investors monitoring Gandhar Oil Refinery should note the divergence between the stock’s recent medium-term resilience and its current short-term weakness, as well as the broader market context that continues to influence price action.
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