Key Events This Week
19 Jan: Stock opens at ₹231.10, technical upgrade announced
20 Jan: Upgrade to Hold rating on technical and financial improvements
21 Jan: Price rebounds with 1.29% gain amid sideways technical trend
22 Jan: Continued gains of 1.23% as daily moving averages turn mildly bullish
23 Jan: Week closes at ₹245.35, up 1.22% on the day
Monday, 19 January: Strong Start Amid Market Weakness
GHV Infra Projects Ltd began the week on a positive note, closing at ₹237.35, up 2.70% from the previous Friday’s close of ₹231.10. This gain contrasted sharply with the Sensex’s 0.49% decline to 36,650.97, signalling early relative strength in the stock. The volume of 24,285 shares indicated healthy investor interest as the company’s technical outlook began to shift.
Tuesday, 20 January: Upgrade to Hold Rating Spurs Confidence
The stock edged slightly lower by 0.40% to ₹236.40 on relatively low volume of 6,839 shares, despite the announcement of an upgrade to a Hold rating by MarketsMOJO. This upgrade reflected improvements in both technical and financial metrics, including a stabilising sideways technical trend and a remarkable 17,401.9% year-on-year surge in net sales for the recent quarter. The modest price dip on the day may reflect profit-taking or market caution amid broader Sensex weakness, which fell 1.82% to 35,984.65.
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Wednesday, 21 January: Price Rebounds on Technical Momentum
GHV Infra’s share price recovered to ₹239.45, gaining 1.29% on the day with a volume of 4,611 shares. This rebound coincided with the technical momentum shifting from mildly bearish to a sideways trend, supported by mildly bullish daily moving averages. The Sensex continued its decline, falling 0.47% to 35,815.26, underscoring the stock’s relative outperformance amid a challenging market backdrop.
Thursday, 22 January: Continued Gains as Technical Indicators Improve
The stock advanced further by 1.23% to ₹242.40 on a volume of 6,334 shares. This gain was supported by stabilising technical indicators, including a sideways monthly Bollinger Bands trend and neutral RSI readings, suggesting the stock was consolidating after recent volatility. The Sensex bucked its recent downtrend, rising 0.76% to 36,088.66, providing a more favourable environment for equities.
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Friday, 23 January: Week Closes Strong Despite Market Weakness
GHV Infra Projects Ltd ended the week at ₹245.35, up 1.22% on the day with a volume of 9,307 shares. This final gain capped a week of strong relative performance, as the Sensex declined 1.33% to 35,609.90. The stock’s weekly advance of 6.17% contrasted sharply with the Sensex’s 3.31% loss, highlighting the company’s resilience amid broader market volatility.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.237.35 | +2.70% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.236.40 | -0.40% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.239.45 | +1.29% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.242.40 | +1.23% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.245.35 | +1.22% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: The upgrade to a Hold rating by MarketsMOJO was driven by a stabilising technical trend and strong quarterly financial results, including a remarkable 17,401.9% year-on-year surge in net sales and a 112.6% increase in profit before tax excluding other income. Daily moving averages turning mildly bullish and consistent profitability over five quarters further support the stock’s improving outlook.
Cautionary Notes: Despite recent gains, the stock’s long-term growth remains subdued with flat operating profits over five years. The company’s valuation is relatively expensive, with an Enterprise Value to Capital Employed ratio of 6.5 and a modest ROCE of 8.4%. Additionally, a 3.57% reduction in promoter shareholding to 70.41% may raise concerns about promoter confidence. Mixed technical indicators such as mildly bearish weekly MACD and KST, and neutral RSI readings, suggest the stock is in a consolidation phase rather than a clear uptrend.
Conclusion
GHV Infra Projects Ltd demonstrated notable resilience and outperformance during the week ending 23 January 2026, gaining 6.17% against a Sensex decline of 3.31%. The upgrade to a Hold rating reflects a balanced view of the company’s improved technical momentum and strong recent financial performance, tempered by expensive valuation and cautious long-term growth prospects. Investors should monitor upcoming quarterly results and promoter activity closely, as these will be key to confirming whether the stock can sustain its current momentum or if further consolidation is likely.
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