Key Events This Week
09 Feb: New 52-week high of Rs.96
10 Feb: All-time high reached at Rs.103.7
12 Feb: Valuation grade downgraded to Fair amid strong returns
13 Feb: Stock closes lower at Rs.94.85 (-5.13%)
09 February 2026: New 52-Week High Signals Strong Momentum
Garnet Construction Ltd surged 15.55% on 09 February 2026, closing at Rs.97.19 after hitting an intraday high of Rs.96, marking a new 52-week peak. This sharp rally was driven by sustained buying interest, pushing the stock well above its key moving averages and outperforming the Sensex’s 1.04% gain. The stock’s intraday volatility of 6.6% reflected active trading, with volume reaching 142,253 shares. This day marked the fourth consecutive session of gains, cumulatively delivering a 36.03% return over that period, underscoring strong investor confidence in the company’s growth prospects within the Realty sector.
10 February 2026: All-Time High Amid Volatility
On 10 February, Garnet Construction Ltd extended its rally, reaching a new all-time high of Rs.103.7 intraday, closing at Rs.98.90, up 1.76% on the day. Despite opening with a gap down of 4.16%, the stock demonstrated resilience by recovering strongly, outperforming the Realty sector by 3.63%. The five-day consecutive gain streak culminated in a remarkable 47.21% return. Intraday volatility remained elevated at 5.35%, with the stock swinging between Rs.93.15 and Rs.103.7. This price action highlighted both profit-taking and fresh buying interest, reflecting a dynamic trading environment. The Sensex closed modestly higher by 0.25%, underscoring Garnet’s relative strength.
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12 February 2026: Valuation Grade Downgraded to Fair
Despite the strong price appreciation, MarketsMOJO downgraded Garnet Construction Ltd’s valuation grade from “very attractive” to “fair” on 12 February 2026. The stock’s price-to-earnings ratio stood at 5.53, with a price-to-book value of 1.12, indicating a modest premium over book value. Enterprise value multiples such as EV/EBIT (4.73) and EV/EBITDA (4.67) remained low, signalling relative inexpensive valuation compared to peers. The company’s PEG ratio was exceptionally low at 0.03, highlighting undervaluation relative to earnings growth. Operational metrics remained robust, with ROCE at 23.48% and ROE at 20.19%, supporting the company’s strong fundamentals. The downgrade reflects a recalibration of market expectations amid the stock’s rapid gains and sector cyclicality concerns.
13 February 2026: Profit Taking Leads to Sharp Correction
The week concluded with a notable correction on 13 February, as Garnet Construction Ltd’s stock fell 5.13% to close at Rs.94.85 on volume of 41,420 shares. This decline contrasted with the Sensex’s sharper drop of 1.40%, reflecting broader market weakness. The pullback followed the stock’s rapid ascent to Rs.103.7 earlier in the week, suggesting profit-taking and increased volatility. Despite the setback, the stock’s weekly gain of 12.77% remains a strong outperformance versus the Sensex’s 0.54% decline, underscoring the stock’s resilience amid market fluctuations.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.97.19 | +15.55% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.98.90 | +1.76% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.98.69 | -0.21% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.99.98 | +1.31% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.94.85 | -5.13% | 36,532.48 | -1.40% |
Key Takeaways
Strong Weekly Outperformance: Garnet Construction Ltd’s 12.77% weekly gain sharply outpaced the Sensex’s 0.54% decline, highlighting the stock’s robust momentum and investor interest.
New Highs and Volatility: The stock reached new 52-week and all-time highs on 09 and 10 February, supported by strong technical indicators and sustained buying, but experienced elevated volatility and a sharp correction on 13 February.
Valuation Adjustment: The downgrade of the valuation grade from “very attractive” to “fair” on 12 February reflects a market reassessment amid rapid price gains, though key valuation multiples remain low relative to peers, signalling continued value.
Robust Financial Metrics: High ROCE (23.48%) and ROE (20.19%) underpin the company’s strong operational performance, supporting the stock’s premium despite valuation moderation.
Sector and Market Context: Garnet’s outperformance within the Realty sector and against the broader market benchmark underscores its resilience amid mixed sector dynamics and broader market volatility.
Conclusion
Garnet Construction Ltd’s week was marked by significant price appreciation, hitting new highs before a profit-taking led correction. The stock’s 12.77% weekly gain, in contrast to the Sensex’s decline, reflects strong investor confidence and robust fundamentals. The valuation downgrade to “fair” signals a cautious recalibration by the market, though the company’s attractive multiples and strong returns maintain its appeal within the Realty sector. Investors should monitor upcoming earnings and sector developments closely, as the stock navigates volatility amid evolving market conditions.
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