Key Events This Week
2 Feb: Stock opens at Rs.249.45 amid Sensex decline
3 Feb: Price rises to Rs.252.30 as Sensex rallies
4 Feb: Stock hits weekly high of Rs.260.40
5 Feb: Profit-taking leads to 1.02% decline to Rs.257.75
6 Feb: Q3 results reveal margin pressures; stock closes at Rs.251.20
2 February 2026: Stock Opens Firm Despite Sensex Weakness
Godawari Power & Ispat Ltd began the week at Rs.249.45, registering a 0.40% gain despite the Sensex falling 1.03% to 35,814.09. The stock’s resilience amid broader market weakness suggested underlying strength, supported by a volume of 184,871 shares. This early positive momentum set the tone for the week’s initial upward trajectory.
3 February 2026: Market Rally Boosts Stock Price
The stock advanced further to Rs.252.30, a 1.14% increase, in line with a strong Sensex rally of 2.63% to 36,755.96. Volume remained robust at 177,818 shares. The broader market optimism appeared to lift Godawari Power & Ispat Ltd, reflecting positive investor sentiment and sectoral tailwinds in the iron and steel products space.
4 February 2026: Weekly High of Rs.260.40 Amid Continued Buying
On 4 February, the stock reached its weekly peak at Rs.260.40, gaining 3.21% on the day, outperforming the Sensex’s modest 0.37% rise to 36,890.21. This strong price action was accompanied by increased volume of 210,800 shares, signalling heightened investor interest. The stock’s advance to this level marked a significant technical milestone, reinforcing the bullish momentum observed earlier in the week.
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5 February 2026: Profit-Taking Triggers 1.02% Decline
Following the strong gains, the stock retreated 1.02% to Rs.257.75 on 5 February, with volume declining to 163,455 shares. The Sensex also fell 0.53% to 36,695.11, reflecting a broader market pullback. This correction appeared to be a natural consolidation after the prior rally, as investors booked profits near recent highs.
6 February 2026: Q3 Results and Technical Momentum Shift
Godawari Power & Ispat Ltd closed the week at Rs.251.20, down 2.54% on the day, on volume of 143,106 shares. The Sensex inched up 0.10% to 36,730.20. The day’s decline coincided with the release of Q3 FY26 results, which revealed margin pressures that dented profitability despite stable revenues. This earnings update tempered investor enthusiasm, contributing to the stock’s pullback.
Simultaneously, technical analysis indicated a shift in momentum. The stock’s daily moving averages turned firmly bullish, and monthly MACD and Bollinger Bands suggested improving longer-term momentum. However, weekly MACD and Know Sure Thing (KST) indicators remained mildly bearish, signalling short-term caution. The Relative Strength Index (RSI) was neutral, and Dow Theory showed no definitive trend, reflecting mixed signals amid the earnings impact.
Godawari Power & Ispat Ltd’s Mojo Score improved to 65.0, categorised as a Hold, marking an upgrade from a previous Sell rating. This reflects balanced optimism amid the technical momentum shift and earnings challenges.
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Daily Price Comparison: Godawari Power & Ispat Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.249.45 | +0.40% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.252.30 | +1.14% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.260.40 | +3.21% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.257.75 | -1.02% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.251.20 | -2.54% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The stock demonstrated resilience early in the week, outperforming the Sensex on 2 and 4 February with gains of 0.40% and 3.21% respectively. Technical indicators such as daily moving averages, monthly MACD, Bollinger Bands, and On-Balance Volume readings suggest improving momentum and potential for sustained upside. The Mojo Score upgrade to 65.0 and Hold rating reflect this cautious optimism.
Cautionary Notes: The Q3 FY26 results highlighted margin pressures that impacted profitability despite stable revenues, which contributed to the stock’s decline on 6 February. Weekly MACD and KST indicators remain mildly bearish, and the absence of a clear Dow Theory trend signals potential short-term volatility. The stock’s 1.11% weekly gain lagged the Sensex’s 1.51% rise, indicating relative underperformance amid mixed market conditions.
Conclusion
Godawari Power & Ispat Ltd’s week was characterised by a steady advance early on, culminating in a weekly high of Rs.260.40, before profit-taking and margin concerns tempered gains. The technical momentum shift to a more bullish stance is encouraging, yet mixed signals and earnings pressures counsel prudence. Investors should monitor upcoming developments closely, balancing the stock’s strong longer-term performance against near-term challenges in the iron and steel sector.
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