Key Events This Week
9 Feb: Sharp quarterly decline reported amid negative financial trend
9 Feb: Technical momentum shifts to mildly bullish with Hold rating
10 Feb: Technical indicators signal bullish outlook with price rising to Rs.260.55
13 Feb: Week closes at Rs.258.20, up 2.79% for the week
9 February 2026: Quarterly Results Trigger Mixed Reactions
Godawari Power & Ispat Ltd reported a sharp quarterly decline for the December 2025 quarter, with net sales falling to ₹1,139.45 crore and profit after tax (PAT) dropping 22.9% to ₹143.25 crore. Earnings per share (EPS) declined to ₹2.33, marking the lowest recent level. Return on capital employed (ROCE) also slipped to 19.59%, signalling margin pressures and operational challenges.
Despite these setbacks, the stock closed at Rs.257.75 on 9 February, up 2.61% from the previous close of Rs.251.20, reflecting some resilience amid the negative financial news. The intraday range was relatively narrow, indicating consolidation after recent volatility. The company’s Mojo Grade was upgraded to Hold, reflecting cautious optimism despite the negative quarterly trend.
Technical Momentum Shifts Amid Mixed Signals
The technical landscape on 9 February showed a nuanced shift. While daily moving averages remained bullish, weekly and monthly indicators presented mixed signals. The weekly MACD was mildly bearish, suggesting short-term consolidation, whereas the monthly MACD stayed bullish, supporting a longer-term upward trend.
Other indicators such as the Relative Strength Index (RSI) hovered in neutral territory, and Bollinger Bands showed mild bearishness on the weekly chart but bullishness monthly. The On-Balance Volume (OBV) was positive, indicating buying volume support. Overall, the technical profile suggested a transition phase with cautious optimism.
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10 February 2026: Bullish Technical Signals Support Price Gains
The following day, Godawari Power & Ispat Ltd’s stock price rose further to close at Rs.260.55, a 1.09% increase from the previous day. Technical indicators showed an improved bullish outlook, with daily moving averages firmly supporting the upward momentum. The monthly MACD turned bullish, and Bollinger Bands expanded upwards on both weekly and monthly charts, signalling potential for further gains.
Despite some weekly indicators remaining mildly bearish, the overall technical environment suggested growing investor confidence. The stock traded within a range of Rs.246.65 to Rs.258.85, inching closer to its 52-week high of Rs.290.00. The Mojo Score improved to 57.0, maintaining a Hold rating, reflecting balanced optimism amid sectoral challenges.
11 to 13 February 2026: Volatility and Consolidation Ahead of Week Close
On 11 February, the stock experienced a minor correction, closing at Rs.258.00, down 0.98% on lower volume. The Sensex continued its modest upward trend, closing at 37,256.72 (+0.13%). This dip reflected short-term profit-taking amid mixed technical signals.
On 12 February, the stock rebounded strongly, gaining 2.79% to close at Rs.265.20, its weekly high. This surge occurred despite the Sensex declining by 0.56%, highlighting the stock’s relative strength. The volume was robust at 200,100 shares, supporting the price move.
However, on 13 February, the stock gave back some gains, closing at Rs.258.20, down 2.64% amid broader market weakness as the Sensex fell 1.40%. The weekly close at Rs.258.20 represented a 2.79% gain over the week’s open of Rs.251.20, outperforming the Sensex’s 0.54% decline.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.257.75 | +2.61% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.260.55 | +1.09% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.258.00 | -0.98% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.265.20 | +2.79% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.258.20 | -2.64% | 36,532.48 | -1.40% |
Key Takeaways
Godawari Power & Ispat Ltd demonstrated resilience this week, gaining 2.79% despite a challenging quarterly financial report and a volatile market environment. The stock outperformed the Sensex, which declined 0.54% over the same period, highlighting relative strength.
Financially, the company faces margin pressures and declining profitability, with PAT down 22.9% and ROCE at a six-month low. These factors warrant caution as they reflect operational challenges in the iron and steel sector.
Technically, the stock’s momentum shifted from mildly bullish to a more confident bullish stance midweek, supported by positive monthly MACD and expanding Bollinger Bands. However, weekly indicators remain mixed, suggesting short-term volatility and the need for careful monitoring.
The Mojo Score of 57.0 and Hold rating reflect a balanced outlook, with the stock positioned for cautious accumulation rather than aggressive buying. Volume trends and momentum indicators will be critical to watch for confirmation of sustained upward movement.
Conclusion
In summary, Godawari Power & Ispat Ltd’s week was characterised by a complex interplay of financial headwinds and improving technical signals. The stock’s 2.79% weekly gain amid a declining Sensex underscores its relative strength and potential to navigate sectoral challenges.
Investors should weigh the negative quarterly results against the positive technical momentum and strong historical returns. The stock remains in a transition phase, with cautious optimism prevailing as it seeks to stabilise and build on recent gains.
Monitoring upcoming financial disclosures and technical indicators will be essential to assess the sustainability of the current trend and the company’s ability to overcome operational pressures in the iron and steel industry.
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