Key Events This Week
2 Feb: Stock opens at Rs.354.80, down 1.47% amid broader market weakness
3 Feb: New 52-week high of Rs.425.75 reached with a 16.54% surge
4 Feb: MarketsMOJO upgrades rating to Buy; technical momentum shifts bullish
6 Feb: Hits new 52-week high intraday at Rs.438.75; closes at Rs.441.75 (+8.02%)
2 February 2026: Weak Start Amid Market Downturn
GNA Axles began the week on a subdued note, closing at Rs.354.80, down 1.47% from the previous close of Rs.360.10. This decline occurred alongside a broader market sell-off, with the Sensex falling 1.03% to 35,814.09. Trading volume was relatively low at 1,681 shares, reflecting cautious investor sentiment amid sector-wide pressures.
3 February 2026: Breakout Day with New 52-Week High
The stock rebounded sharply on 3 February, surging 16.54% to close at Rs.413.50, driven by a strong opening gap of 9.89%. Intraday, GNA Axles hit a new 52-week high of Rs.425.75, marking a 20% increase from the previous close. This rally outpaced the Auto Components & Equipments sector gain of 3.91% and the Sensex’s 2.63% rise, signalling robust buying interest and positive market sentiment.
Technical indicators supported this momentum, with the stock trading above all key moving averages (5-day to 200-day). The MarketsMOJO Mojo Score stood at 68.0, reflecting a Hold rating upgraded from Sell in December 2025. The stock’s one-year return of 15.10% also outperformed the Sensex’s 8.65% over the same period.
4 February 2026: Technical and Valuation Upgrades Fuel Further Gains
On 4 February, GNA Axles continued its upward trajectory, closing at Rs.415.05, a modest 0.37% gain. More importantly, MarketsMOJO upgraded the stock’s rating from Hold to Buy, citing strong improvements in technical indicators and valuation metrics. The technical momentum shifted from mildly bullish to bullish, supported by positive MACD, Bollinger Bands, and moving averages.
Valuation metrics improved with the P/E ratio at 17.10, significantly lower than peers such as Endurance Technologies (40.18) and Minda Corporation (51.96). The EV/EBITDA ratio of 9.08 further underscored the stock’s attractive pricing. Operational efficiency was highlighted by a ROCE of 14.03% and ROE of 11.15%, while the dividend yield stood at 0.72%.
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5 February 2026: Minor Pullback Amid Profit Taking
The stock experienced a slight correction on 5 February, closing at Rs.408.95, down 1.47%. This modest pullback occurred despite the Sensex declining 0.53%, reflecting some profit booking after the recent sharp gains. Volume was lower at 2,376 shares, indicating a temporary pause in the rally rather than a reversal.
6 February 2026: New 52-Week High and Strong Close
GNA Axles closed the week on a strong note, surging 8.02% to Rs.441.75 after hitting an intraday high of Rs.438.75, a fresh 52-week peak. Despite opening with a gap down of 3.89% to Rs.393.05, the stock rebounded sharply, demonstrating resilience and sustained buying interest. This gain outperformed the Sensex’s 0.10% rise and the auto components sector by over 8%.
The stock’s technical positioning remained robust, trading above all major moving averages. The MarketsMOJO rating upgrade to Buy and a Mojo Score of 72.0 reinforced the positive outlook. Financially, the company reported a 26% profit surge in Q3 FY26 driven by margin expansion, despite flat sales, highlighting operational efficiency and earnings quality.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.354.80 | -1.47% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.413.50 | +16.54% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.415.05 | +0.37% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.408.95 | -1.47% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.441.75 | +8.02% | 36,730.20 | +0.10% |
Key Takeaways
Strong Outperformance: GNA Axles’ 22.67% weekly gain dwarfed the Sensex’s 1.51% rise, highlighting exceptional stock-specific momentum.
Technical Breakthroughs: The stock’s consistent trading above all major moving averages and bullish technical indicators supported sustained buying interest.
Rating Upgrade: MarketsMOJO’s upgrade from Hold to Buy on 4 February reflected improved technical and valuation fundamentals, boosting investor confidence.
Valuation Appeal: Attractive P/E and EV multiples relative to peers positioned the stock favourably within the auto components sector.
Operational Strength: Despite a 10.22% decline in quarterly sales, margin expansion drove a 26% profit increase, underscoring earnings quality and financial discipline.
Conclusion
GNA Axles Ltd.’s performance in the week ending 6 February 2026 was marked by robust gains, technical strength, and a positive shift in market perception. The stock’s ability to hit new 52-week highs twice during the week, combined with a MarketsMOJO upgrade to Buy, reflects a confluence of favourable factors including valuation improvements and operational resilience. While the broader market showed mixed signals, GNA Axles demonstrated clear relative strength, making it a standout performer in the auto components sector. Investors should monitor ongoing sector dynamics and company fundamentals to assess sustainability of this momentum.
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