Key Events This Week
16 Feb: Technical momentum shifts amid mixed indicator signals
17 Feb: Mixed technical signals amid sideways momentum shift
18 Feb: Upgraded to Hold on improved financial and technical metrics
18 Feb: Technical momentum shift amid strong price gains
16 February 2026: Technical Momentum Shifts Amid Mixed Signals
Gandhi Special Tubes Ltd began the week with a notable technical momentum shift, moving from a sideways trend to a mildly bearish stance. The stock closed at Rs.817.85, up 2.24% from the previous close, despite mixed signals from key technical indicators such as MACD, RSI, and moving averages. The weekly MACD indicated increasing short-term selling pressure, while the monthly MACD remained mildly bearish, suggesting a transitional phase in momentum.
The Relative Strength Index (RSI) was neutral on the weekly chart but bullish on the monthly timeframe, reflecting underlying strength over the longer term. Bollinger Bands and the Know Sure Thing (KST) indicator presented a mixed picture, with weekly signals mildly bearish and monthly signals bullish. Dow Theory and On-Balance Volume (OBV) readings also diverged, highlighting the complexity of the stock’s technical environment at this stage.
Despite these mixed signals, Gandhi Special Tubes had demonstrated strong long-term returns, outperforming the Sensex by a wide margin over one, five, and ten-year periods. The stock’s Mojo Score was 47.0 with a Sell grade, reflecting caution amid the recent technical deterioration.
Patience pays off here! This Micro Cap from Fertilizers sector has delivered steady gains quarter after quarter. Now proudly part of our Reliable Performers list.
- - New Reliable Performer
- - Steady quarterly gains
- - Fertilizers consistency
17 February 2026: Sideways Momentum Amid Mixed Technical Signals
The following day, Gandhi Special Tubes Ltd shifted from a mildly bearish to a sideways momentum phase, closing at Rs.920.00, a remarkable 12.49% gain on the day. This surge was accompanied by mixed technical signals, with the weekly MACD turning mildly bullish while the monthly MACD remained mildly bearish. The RSI was neutral on the weekly chart but bullish monthly, and Bollinger Bands indicated a bullish stance on both weekly and monthly timeframes.
Moving averages remained mildly bearish on the daily chart, suggesting some short-term caution despite the strong price appreciation. The KST indicator showed bearish weekly readings but bullish monthly momentum, reinforcing the divergence between short- and long-term trends. Volume indicators such as OBV were inconclusive, with no clear weekly trend and a mildly bearish monthly signal.
Dow Theory assessments aligned with the sideways momentum, showing no definitive weekly trend but a mildly bullish monthly outlook. The stock’s Mojo Score remained at 47.0 with a Sell grade, reflecting the cautious stance amid the technical complexity.
18 February 2026: Upgrade to Hold on Improved Financial and Technical Metrics
On 18 February, MarketsMOJO upgraded Gandhi Special Tubes Ltd’s rating from Sell to Hold, reflecting significant improvements in financial performance and technical indicators. The company reported record quarterly results for the period ending December 2025, with net sales reaching Rs.48.44 crores and PBDIT surging to Rs.22.29 crores, yielding an operating margin of 46.02%.
Profit before tax (excluding other income) stood at Rs.21.39 crores, while net profit after tax rose 24.0% compared to the previous four-quarter average, reaching Rs.20.59 crores. These strong earnings and operational efficiencies contributed to a positive financial trend rating and a financial score improvement from 5 to 9 over three months.
Despite a premium valuation with a price-to-book ratio of 4.2 and a return on equity of 27%, the stock’s PEG ratio of 0.8 suggested reasonable alignment between price and earnings growth. The technical trend shifted from sideways to mildly bullish, supported by bullish weekly and monthly MACD and Bollinger Bands, though daily moving averages remained mildly bearish. The Mojo Score rose to 57.0, reflecting the upgraded Hold rating.
Long-term returns remained impressive, with 87.07% over three years and 226.24% over five years, far exceeding Sensex gains. However, modest net sales growth and absence of domestic mutual fund holdings highlighted some cautionary factors.
18 February 2026: Technical Momentum Shift Amid Strong Price Gains
Later on 18 February, Gandhi Special Tubes Ltd’s technical momentum shifted decisively to a mildly bullish stance, supported by a strong price gain of 12.49% that day. The stock closed at Rs.920.00, trading within a range of Rs.845.00 to Rs.969.00, approaching its 52-week high of Rs.1,033.70.
Technical indicators reinforced this positive momentum, with weekly MACD mildly bullish and monthly MACD bullish. Bollinger Bands on both weekly and monthly charts confirmed upward volatility expansion. The RSI remained neutral, indicating no overbought conditions. Daily moving averages were still mildly bearish, suggesting possible consolidation before further gains.
The KST oscillator showed mild bullishness weekly and bullish momentum monthly. OBV analysis was mixed, with no clear weekly trend and mildly bearish monthly volume signals. Dow Theory supported a mildly bullish trend on both weekly and monthly timeframes.
The upgraded Mojo Score of 57.0 and Hold rating reflected this improved outlook. Sector tailwinds in iron and steel products, including stabilising raw material costs and infrastructure demand, provided additional context for the stock’s technical rebound.
Holding Gandhi Special Tubes 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
Daily Price Performance vs Sensex: 16–20 February 2026
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.817.85 | +2.24% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.920.00 | +12.49% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.905.55 | -1.57% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.903.30 | -0.25% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.885.80 | -1.94% | 36,674.32 | +0.41% |
Key Takeaways
Strong Weekly Outperformance: Gandhi Special Tubes Ltd surged 10.73% over the week, vastly outperforming the Sensex’s 0.39% gain. This reflects renewed investor interest and positive momentum in the stock.
Technical Momentum Shifts: The week saw a transition from mildly bearish to sideways and then mildly bullish technical trends, supported by improving MACD, Bollinger Bands, and KST indicators on weekly and monthly charts. Daily moving averages remained mildly bearish, signalling short-term caution.
Financial Strength Drives Upgrade: The upgrade from Sell to Hold by MarketsMOJO was driven by record quarterly financials, including net sales of Rs.48.44 crores and a 46.02% operating margin. Profit growth and operational efficiency underpin the improved outlook.
Valuation and Volume Considerations: Despite strong fundamentals, the stock trades at a premium valuation with a P/B ratio of 4.2 and mixed volume signals. OBV trends were inconclusive, suggesting investors should monitor volume support closely.
Sector Tailwinds: The iron and steel products sector’s cyclical upswing and stabilising raw material costs provide a favourable backdrop for Gandhi Special Tubes’ continued momentum.
Conclusion
Gandhi Special Tubes Ltd’s week was marked by significant price appreciation and a positive shift in technical and fundamental indicators. The stock’s 10.73% weekly gain, coupled with an upgrade to Hold, reflects a cautious but optimistic stance amid mixed short-term signals. While daily moving averages and volume trends suggest some near-term volatility, the strong quarterly financial performance and bullish monthly technical indicators support a constructive medium-term outlook. Investors should continue to monitor key technical levels and volume trends to assess the sustainability of this momentum within the broader iron and steel sector context.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
