Key Events This Week
16 Feb: Upper circuit hit at Rs.6.36 (+4.95%) amid strong buying pressure
17 Feb: Another upper circuit close at Rs.6.67 (+4.87%) with increased investor participation
18 Feb: Mojo Grade upgraded to Sell; stock hits upper circuit at Rs.7.00 (+4.95%)
19 Feb: Fourth consecutive upper circuit at Rs.7.34 (+4.86%) with rising delivery volumes
20 Feb: Lower circuit hit at Rs.7.25 (-0.96%) amid heavy selling pressure
16 February 2026: Upper Circuit Triggered on Strong Buying Interest
Gujarat Lease Financing Ltd opened the week with a sharp 4.95% gain, closing at Rs.6.36 after hitting the upper circuit limit. This surge was driven by robust demand that outpaced supply, resulting in a regulatory trading freeze. The stock’s performance contrasted with the NBFC sector’s 0.42% decline and the Sensex’s marginal 0.70% gain, highlighting company-specific buying enthusiasm. Despite its micro-cap status with a market capitalisation of Rs.17 crore, the stock traded above all key moving averages, signalling a sustained uptrend. Delivery volumes surged by over 200% compared to the five-day average, indicating genuine accumulation rather than speculative trading.
17 February 2026: Continued Momentum with Another Upper Circuit Close
The rally extended on 17 February as Gujarat Lease Financing Ltd again hit the upper circuit, closing at Rs.6.67, up 4.87%. This move outperformed the NBFC sector’s 0.34% decline and the Sensex’s 0.22% fall, underscoring selective investor interest amid broader market weakness. Delivery volumes increased by 8.73%, reinforcing the accumulation thesis. The stock maintained its position above all major moving averages, supporting the technical strength. The regulatory freeze on fresh buy orders reflected unfilled demand at this price level, suggesting sustained buying conviction.
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18 February 2026: Mojo Grade Upgrade and Sustained Upper Circuit Rally
On 18 February, MarketsMOJO upgraded Gujarat Lease Financing Ltd’s rating from Strong Sell to Sell, reflecting mild technical improvements despite persistent fundamental weaknesses such as flat financial performance and negative book value. The stock closed at Rs.7.00, marking another upper circuit gain of 4.95%. This rally extended an 11-session winning streak, delivering a cumulative return of 69.08%. The stock outperformed the NBFC sector’s 0.54% rise and the Sensex’s 0.03% gain. However, delivery volumes declined by 41.61%, suggesting a portion of buying was speculative or short-term. The stock remained above all key moving averages, confirming a strong bullish trend, though the sharp gains may invite near-term consolidation.
19 February 2026: Fourth Consecutive Upper Circuit and Rising Delivery Volumes
Gujarat Lease Financing Ltd continued its impressive run on 19 February, hitting the upper circuit again to close at Rs.7.34, up 4.86%. This gain starkly contrasted with the NBFC sector’s 0.21% decline and the Sensex’s 0.13% fall. Delivery volumes surged by 252.48%, indicating strong investor willingness to hold shares. The stock’s 12-session cumulative return reached 77.54%, underscoring sustained buying interest. Despite its micro-cap status and modest market capitalisation of Rs.19 crore, the stock’s technical strength was evident as it traded above all major moving averages. The regulatory freeze on fresh buy orders highlighted persistent demand exceeding supply at current levels.
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20 February 2026: Sharp Reversal with Lower Circuit Hit Amid Selling Pressure
The week concluded with a sharp reversal as Gujarat Lease Financing Ltd hit the lower circuit limit, closing at Rs.7.25, down 0.96%. This decline occurred despite the NBFC sector’s 0.26% gain and the Sensex’s 0.07% rise, indicating company-specific selling pressure. The stock traded within a range of Rs.6.96 to Rs.7.45 before succumbing to intense selling that triggered the regulatory lower circuit freeze. Delivery volumes remained modest at 12,420 shares, reflecting subdued liquidity. The stock’s micro-cap status and limited free float contributed to heightened volatility. The downgrade to a Sell Mojo Grade and the negative fundamental outlook underscore the risks facing investors amid this sudden sell-off.
Weekly Price Performance: Gujarat Lease Financing Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.6.57 | +4.95% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.6.87 | +4.57% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.7.00 | +1.89% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.7.18 | +2.57% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.7.25 | +0.97% | 36,674.32 | +0.41% |
Key Takeaways
Strong Technical Momentum: The stock’s repeated upper circuit hits from 16 to 19 February demonstrate robust short-term buying interest and technical strength, supported by trading above all major moving averages and rising delivery volumes on key days.
Fundamental Challenges Persist: Despite the upgrade from Strong Sell to Sell, Gujarat Lease Financing Ltd continues to face weak fundamentals including flat sales growth, negative book value, and underperformance over the past year, signalling caution for longer-term investors.
Micro-Cap Volatility: The company’s small market capitalisation and limited liquidity contribute to heightened price volatility, as evidenced by the sharp reversal and lower circuit hit on 20 February amid heavy selling pressure.
Regulatory Circuit Limits Reflect Market Imbalance: The frequent triggering of upper and lower circuit limits highlights the imbalance between demand and supply, with regulatory freezes temporarily halting trading to stabilise price movements.
Investor Participation Mixed: Delivery volumes surged on some days indicating genuine accumulation, but declines on others suggest speculative trading, underscoring the need for careful monitoring of volume trends.
Sector and Market Context: The stock’s performance diverged significantly from the NBFC sector and Sensex, which remained relatively stable or declined on key days, indicating company-specific factors driving price action.
Conclusion
Gujarat Lease Financing Ltd’s week was characterised by exceptional price volatility and strong technical momentum, culminating in a 15.81% weekly gain that far outpaced the Sensex’s 0.39% rise. The series of upper circuit hits from 16 to 19 February reflected intense buying interest and a bullish technical outlook, further supported by a modest upgrade in the company’s Mojo Grade. However, the abrupt lower circuit hit on 20 February serves as a reminder of the stock’s inherent risks stemming from its micro-cap status, limited liquidity, and persistent fundamental weaknesses. Investors should weigh the short-term momentum against these cautionary signals and monitor delivery volumes and price action closely in the coming sessions. The divergence from sector and market trends emphasises the importance of company-specific analysis in navigating this volatile stock.
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