Key Events This Week
16 Feb: Stock opens at ₹244.50, down 1.79% amid Sensex gains
17 Feb: MarketsMOJO upgrades Greenlam to Hold; stock rises 1.43%
18 Feb: Technical momentum shifts to mildly bullish; stock edges up 0.40%
19 Feb: Sharp decline of 3.01% as technical indicators turn cautious
20 Feb: Technical momentum shifts back to mildly bearish; stock closes at ₹243.00
Monday, 16 February 2026: Weak Start Amid Broader Market Strength
Greenlam Industries began the week on a subdued note, closing at ₹244.50, down 1.79% from the previous close. This decline contrasted with the Sensex’s robust 0.70% gain to 36,787.89, signalling early underperformance. The stock’s volume was moderate at 153 lakh shares, reflecting cautious investor sentiment amid ongoing concerns about the company’s profitability and rising interest expenses.
Tuesday, 17 February 2026: Upgrade to Hold Spurs Modest Recovery
The stock rebounded to ₹248.00, gaining 1.43% on the day, coinciding with MarketsMOJO’s upgrade of Greenlam Industries from Sell to Hold. This reassessment was driven by a nuanced evaluation of the company’s valuation and technical outlook, despite persistent financial headwinds. The upgrade reflected improved technical momentum and an attractive valuation relative to peers, with the stock’s enterprise value to capital employed ratio at a low 3.3. The Sensex also advanced 0.32%, closing at 36,904.38, but Greenlam’s outperformance was notable given its recent struggles.
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Wednesday, 18 February 2026: Technical Momentum Shifts Amid Mixed Signals
Greenlam Industries edged up further to ₹249.00 (+0.40%), reflecting a mild bullish shift in technical momentum. Key indicators showed a complex picture: while daily moving averages turned bullish, weekly and monthly MACD and KST oscillators remained bearish or mildly bearish. The Relative Strength Index (RSI) hovered neutrally, and Bollinger Bands suggested subdued volatility with a bearish tilt. Despite these mixed signals, the stock’s recent price action indicated cautious optimism, supported by a modest volume of 27 lakh shares. The Sensex gained 0.43% to 37,062.35, but Greenlam’s relative outperformance was limited.
Thursday, 19 February 2026: Sharp Decline as Technical Caution Returns
The stock reversed course sharply, falling 3.01% to ₹241.50 on heavy volume of 400 lakh shares. This decline coincided with a broader market pullback, as the Sensex dropped 1.45% to 36,523.88. Technical indicators shifted towards caution, with the MACD and KST oscillators reinforcing bearish momentum. The stock’s price approached the lower Bollinger Band on the weekly chart, signalling increased downside risk. This day’s performance underscored the fragility of the recent technical recovery and highlighted ongoing investor concerns about the company’s weak profitability and rising interest costs.
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Friday, 20 February 2026: Technical Momentum Turns Mildly Bearish
Greenlam Industries closed the week at ₹243.00, up 0.62% from the previous day’s close but down 2.39% for the week overall. The technical momentum shifted from mildly bullish to mildly bearish, reflecting a cautious market stance. The MACD indicator remained bearish on weekly charts and mildly bearish monthly, while the KST oscillator confirmed weakening momentum. Bollinger Bands continued to signal downside risk, although daily moving averages maintained a mildly bullish posture. The stock’s volume was 275 lakh shares, indicating moderate trading interest. The Sensex rebounded 0.41% to 36,674.32, outperforming Greenlam’s weekly performance.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.244.50 | -1.79% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.248.00 | +1.43% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.249.00 | +0.40% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.241.50 | -3.01% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.243.00 | +0.62% | 36,674.32 | +0.41% |
Key Takeaways
1. Mixed Technical Signals: The week saw Greenlam Industries oscillate between mildly bullish and bearish technical momentum. While daily moving averages suggested short-term strength, weekly and monthly indicators such as MACD and KST remained cautious, reflecting uncertainty in trend direction.
2. Fundamental Challenges Persist: Despite the upgrade to a Hold rating by MarketsMOJO, the company continues to face significant profitability headwinds, including a 76.9% decline in profits over the past year and rising interest expenses up 41.57% over nine months. These factors weigh on near-term earnings prospects.
3. Valuation Appeal Amid Underperformance: Greenlam’s attractive valuation metrics, including a low enterprise value to capital employed ratio of 3.3 and a ROCE of 6.5%, contrast with its recent underperformance relative to the Sensex. Long-term returns remain strong, underscoring the stock’s resilience despite short-term volatility.
Conclusion
Greenlam Industries Ltd’s performance during the week ending 20 February 2026 was characterised by volatility and mixed signals. The stock declined 2.39%, underperforming the Sensex’s modest 0.39% gain, as technical momentum shifted from mild optimism to caution. The MarketsMOJO upgrade to Hold reflected a balanced view, recognising the company’s attractive valuation and improving technical outlook while acknowledging persistent financial challenges. Investors should monitor upcoming quarterly results and technical indicators closely to assess whether the stock can stabilise and resume its longer-term growth trajectory. For now, the stock remains in a consolidation phase, with both risks and opportunities evident in its price action and fundamentals.
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