Key Events This Week
2 Feb: Stock opens week at Rs.1,700.00, down 1.93%
3 Feb: Intraday high surge to Rs.1,850.00 (+8.82%)
4 Feb: Technical momentum shift with 9.25% gain to Rs.1,857.20
5 Feb: Slight pullback to Rs.1,765.00 (-1.94%)
6 Feb: Week closes at Rs.1,793.60 (+1.62%)
Monday, 2 February 2026: Week Opens on a Soft Note
GRP Ltd began the week at Rs.1,700.00, marking a decline of 1.93% from the previous Friday’s close. This drop occurred alongside a 1.03% fall in the Sensex to 35,814.09, reflecting broader market weakness. The stock’s volume was modest at 112 lakh shares, indicating limited trading interest amid cautious sentiment.
Tuesday, 3 February 2026: Intraday High Spurs Strong Rally
On 3 February, GRP Ltd rebounded sharply, surging 9.08% to close at Rs.1,854.30. The stock reached an intraday high of Rs.1,850.00, representing an 8.82% gain from the previous close and significantly outperforming the Sensex’s 2.63% rise to 36,755.96. This rally was supported by a substantial increase in volume to 2,381 lakh shares, signalling robust buying interest. The gap-up opening and sustained upward momentum underscored renewed investor confidence amid mixed market conditions.
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Wednesday, 4 February 2026: Technical Momentum Shift Evident
The stock’s momentum continued on 4 February, with GRP Ltd closing at Rs.1,800.00, down 2.93% from the previous day’s close but still maintaining a strong intraday high of Rs.1,871.60. This day marked a notable shift in technical indicators, moving from a strongly bearish to a mildly bearish trend. The 9.25% surge referenced in technical reports reflects the intraday price action relative to prior lows, signalling cautious optimism despite the day’s close being lower than Tuesday’s peak.
Key technical indicators presented a mixed picture: the weekly MACD turned mildly bullish, while the monthly MACD remained mildly bearish. The Relative Strength Index (RSI) hovered in neutral territory, and Bollinger Bands suggested mild bearishness. Daily moving averages indicated a tentative trend, with the stock price near but not decisively above key averages. Volume was relatively low at 121 lakh shares, and On-Balance Volume (OBV) trends remained inconclusive.
Thursday, 5 February 2026: Minor Pullback Amid Low Volume
On 5 February, GRP Ltd experienced a slight decline, closing at Rs.1,765.00, down 1.94% on very low volume of just 4 lakh shares. The Sensex also retreated by 0.53% to 36,695.11. This modest pullback reflected profit-taking after the prior days’ gains, with technical momentum remaining fragile. The stock’s price stayed above the week’s opening level, maintaining a positive weekly trend despite the dip.
Friday, 6 February 2026: Week Closes with a Modest Gain
GRP Ltd ended the week on a positive note, rising 1.62% to close at Rs.1,793.60. The Sensex gained a marginal 0.10% to 36,730.20. Trading volume was moderate at 29 lakh shares, indicating renewed interest as the stock consolidated recent gains. The week’s close represented a 3.47% increase from the previous Friday’s close, outperforming the Sensex’s 1.51% gain over the same period.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.1,700.00 | -1.93% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.1,854.30 | +9.08% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.1,800.00 | -2.93% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.1,765.00 | -1.94% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.1,793.60 | +1.62% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: GRP Ltd outperformed the Sensex with a 3.47% weekly gain versus 1.51%, driven by strong intraday rallies on 3 and 4 February. The stock’s technical momentum shifted from strongly bearish to mildly bearish, with some short-term bullish indicators such as the weekly MACD and Dow Theory signals suggesting potential for further recovery. The stock remains above key short-term moving averages, signalling renewed buying interest.
Cautionary Notes: Despite recent gains, the stock’s longer-term technical indicators remain mixed, with monthly MACD and moving averages still bearish. Volume trends have been inconclusive, and the low trading volumes on some days suggest fragile momentum. The Mojo Score remains at 40.0 with a Sell rating, reflecting ongoing caution. The stock’s one-year return remains negative at -33.19%, underscoring volatility and the need for careful monitoring of resistance levels near Rs.1,900.
Conclusion
GRP Ltd’s week was characterised by a notable rebound from early weakness, highlighted by strong intraday gains and a technical momentum shift that has injected cautious optimism into the stock’s outlook. While the 3.47% weekly gain and outperformance versus the Sensex are encouraging, mixed technical signals and low volume on some sessions counsel prudence. Investors should watch for confirmation of sustained upward momentum, particularly a decisive break above resistance levels supported by volume. The current Mojo Sell rating and mixed indicator profile suggest a balanced approach is warranted as the stock navigates this phase of recovery.
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