Key Events This Week
29 Dec 2025: Technical momentum shifts to mildly bullish despite a 0.89% daily decline
30 Dec 2025: Momentum shifts to sideways trend amid mixed market signals
1 Jan 2026: Golden Cross formation signals potential bullish breakout
2 Jan 2026: Mildly bullish momentum resumes with daily moving averages turning positive
29 December 2025: Mildly Bullish Momentum Amid Price Decline
On 29 December, Gravita India’s stock closed at Rs.1,855.05, down 0.89% from the previous close, while the Sensex fell 0.41%. Despite the price dip, technical indicators suggested a shift from sideways to mildly bullish momentum on the weekly timeframe. The Moving Average Convergence Divergence (MACD) and Bollinger Bands on weekly charts indicated strengthening momentum, although monthly signals remained mixed. The stock traded within a moderate intraday range, reflecting some volatility but also a recovery phase after prior weakness.
Notably, the stock remained well above its 52-week low of Rs.1,435.00 but below its 52-week high of Rs.2,337.25, signalling potential for further upward movement if momentum sustains. The mixed technical signals underscored a cautious optimism among investors navigating the Minerals & Mining sector’s volatility.
30 December 2025: Sideways Trend Amid Mixed Market Signals
On 30 December, Gravita India’s share price rebounded modestly by 0.68% to Rs.1,867.70, outperforming the Sensex which was nearly flat (-0.01%). However, technical momentum shifted from mildly bullish to a sideways trend, reflecting uncertainty. The stock’s intraday volatility remained elevated, with a wide trading range between Rs.1,817.85 and Rs.1,914.40.
Weekly MACD remained bullish, but monthly MACD turned mildly bearish, signalling waning longer-term momentum. Daily moving averages turned mildly bearish, suggesting short-term pressure. The Relative Strength Index (RSI) remained neutral, indicating no clear overbought or oversold conditions. This mixed technical picture suggested consolidation, with investors awaiting clearer directional cues.
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31 December 2025: Price Declines Despite Sensex Rally
On the last trading day of 2025, Gravita India’s stock price slipped 0.51% to Rs.1,858.10, while the Sensex surged 0.83%. The divergence highlighted the stock’s relative weakness amid broader market strength. Volume declined to 14,164 shares, reflecting reduced trading activity during the year-end period.
Technical indicators remained mixed, with daily moving averages still bearish and weekly momentum cautiously positive. The lack of strong volume confirmation suggested investors were hesitant to commit ahead of the new year, awaiting clearer signals.
1 January 2026: Golden Cross Formation Signals Potential Bullish Breakout
On 1 January, Gravita India Ltd formed a significant technical pattern known as the Golden Cross, where the 50-day moving average crossed above the 200-day moving average. This event is widely regarded as a bullish signal, indicating a potential trend reversal and strengthening momentum. The stock closed nearly flat at Rs.1,858.00, with a negligible decline of 0.01%, while the Sensex gained 0.14%.
Daily and weekly technical indicators aligned positively, with moving averages turning bullish and MACD and KST oscillators supporting upward momentum. However, monthly indicators remained mildly bearish or neutral, suggesting longer-term confirmation is still pending. The Golden Cross event, combined with the upgraded Mojo Score to 55.0 (Hold), marked a pivotal moment for the stock’s outlook within the Minerals & Mining sector.
2 January 2026: Mildly Bullish Momentum Resumes
On the first trading day of 2026, Gravita India’s stock price edged down slightly by 0.05% to Rs.1,857.00, while the Sensex advanced 0.81%. Despite the marginal price decline, technical momentum shifted back to a mildly bullish stance, supported by daily moving averages turning positive and weekly MACD and KST indicators signalling strength.
Intraday trading showed a positive bias with a high of Rs.1,878.60 and a low of Rs.1,836.50. The Relative Strength Index remained neutral, and Bollinger Bands on the weekly chart suggested expanding upward volatility. However, monthly momentum indicators and volume trends remained mixed, advising caution for longer-term investors.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.1,855.05 | -0.89% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.1,867.70 | +0.68% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.1,858.10 | -0.51% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.1,858.00 | -0.01% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.1,857.00 | -0.05% | 37,799.57 | +0.81% |
Key Takeaways
Positive Signals: The formation of the Golden Cross on 1 January 2026 stands out as a significant technical event, signalling a potential bullish breakout and trend reversal. Weekly MACD and KST indicators consistently showed strengthening momentum, and daily moving averages turned positive by the week’s end. The upgraded Mojo Score to 65.0 (Hold) reflects improving technical and fundamental outlooks. Gravita India’s long-term returns remain impressive, with three-year gains exceeding 300% and five-year returns above 2,000%, far outpacing the Sensex.
Cautionary Notes: Despite short- and medium-term bullish signals, monthly momentum indicators remain mixed or mildly bearish, suggesting that longer-term confirmation of a sustained uptrend is pending. The stock underperformed the Sensex over the week (-0.78% vs +1.35%), reflecting recent volatility and sector headwinds. Daily moving averages showed intermittent bearish tendencies midweek, and volume trends lacked decisive confirmation, indicating investor caution. The stock’s elevated P/E ratio of 38.16 compared to the sector average of 22.92 also warrants prudence given valuation risks.
Conclusion
Gravita India Ltd’s week was characterised by mixed technical momentum and price volatility amid a recovering Minerals & Mining sector. The Golden Cross formation and improved weekly indicators suggest the stock may be entering a new phase of upward momentum, yet the absence of strong monthly confirmation and subdued volume trends counsel a measured approach. While the stock’s long-term performance remains robust, short-term investors should monitor key technical levels and volume for validation of a sustained breakout. The upgraded Mojo Score and Hold rating reflect cautious optimism, positioning Gravita India as a stock at a technical crossroads with potential for recovery if momentum consolidates.
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