Gujarat Natural Resources Gains 2.62%: Technical Upgrades and Strong Quarterly Results Drive Momentum

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Gujarat Natural Resources Ltd recorded a 2.62% gain over the week ending 2 January 2026, outperforming the Sensex which rose 1.35% in the same period. The stock showed a steady recovery from its previous close of ₹87.93 to close at ₹90.23, buoyed by a significant upgrade in technical indicators and robust quarterly financial results. Despite some short-term volatility, the stock’s bullish momentum and improved fundamentals have positioned it favourably within the oil sector.




Key Events This Week


2025-12-29: Stock opens at ₹85.96, down 2.24% amid broader market weakness


2025-12-31: Price rebounds sharply to ₹88.49 (+2.29%) as Sensex gains 0.83%


2026-01-01: Continued gains with ₹89.74 close (+1.41%) supported by technical upgrades


2026-01-02: MarketsMOJO upgrades rating to Hold; stock closes at ₹90.23 (+0.55%)





Week Open
Rs.87.93

Week Close
Rs.90.23
+2.62%

Week High
Rs.90.23

vs Sensex
+1.27%



Monday, 29 December 2025: Market Weakness Weighs on Stock


Gujarat Natural Resources Ltd opened the week at ₹85.96, down 2.24% from the previous Friday’s close of ₹87.93. This decline coincided with a broader market sell-off as the Sensex fell 0.41% to 37,140.23. The stock’s volume was moderate at 91,800 shares, reflecting cautious investor sentiment amid year-end volatility. The initial dip set a lower base for the week’s subsequent recovery.



Tuesday, 30 December 2025: Stabilisation Amid Flat Market


The stock rebounded slightly to ₹86.51, gaining 0.64% as the Sensex remained nearly flat, declining marginally by 0.01% to 37,135.83. Trading volume dipped to 86,152 shares, indicating a consolidation phase. The modest gain suggested investors were beginning to absorb recent weakness, awaiting clearer signals from technical and fundamental developments.



Wednesday, 31 December 2025: Strong Rebound with Market Rally


Gujarat Natural Resources Ltd surged 2.29% to close at ₹88.49, outperforming the Sensex which rose 0.83% to 37,443.41. The stock’s volume was 83,346 shares, reflecting renewed buying interest. This rally was supported by early signs of technical momentum improvement and anticipation of upcoming quarterly results. The price action marked a key recovery point, lifting the stock near its recent highs.



Thursday, 1 January 2026: Continued Gains on Technical Upgrades


The stock extended gains to ₹89.74, up 1.41%, while the Sensex edged up 0.14% to 37,497.10. Volume declined to 67,656 shares, consistent with a holiday-shortened trading day. The positive price movement aligned with technical indicators turning bullish, including daily moving averages and Bollinger Bands, signalling strengthening upward momentum. This set the stage for the significant rating upgrade announced the following day.




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Friday, 2 January 2026: Upgrade to Hold and Bullish Momentum Confirmed


On the final trading day of the week, Gujarat Natural Resources Ltd closed at ₹90.23, up 0.55% from the previous day’s close of ₹89.74. The Sensex gained 0.81% to 37,799.57, but the stock’s outperformance over the week was notable. Volume surged to 151,105 shares, reflecting increased investor interest following the MarketsMOJO upgrade from 'Sell' to 'Hold'.


The upgrade was driven by a marked improvement in technical indicators, including a shift from mildly bullish to bullish trends supported by daily moving averages and Bollinger Bands. The monthly MACD turned bullish, signalling strengthening longer-term momentum despite some short-term caution from weekly MACD and KST indicators.


Financially, the company reported a stellar quarterly operating profit growth of 247.19% for Q2 FY25-26, with net sales reaching ₹8.65 crores. The operating profit to interest ratio peaked at 8.53 times, and the debt-equity ratio remained low at 0.05 times, underscoring strong operational efficiency and conservative leverage. These factors contributed to the improved Mojo Score of 51.0 and the Hold rating.



















































Date Stock Price Day Change Sensex Day Change
2025-12-29 Rs.85.96 -2.24% 37,140.23 -0.41%
2025-12-30 Rs.86.51 +0.64% 37,135.83 -0.01%
2025-12-31 Rs.88.49 +2.29% 37,443.41 +0.83%
2026-01-01 Rs.89.74 +1.41% 37,497.10 +0.14%
2026-01-02 Rs.90.23 +0.55% 37,799.57 +0.81%



Key Takeaways from the Week


Positive Signals: The stock’s 2.62% weekly gain outpaced the Sensex’s 1.35% rise, reflecting strong relative performance. The MarketsMOJO upgrade to Hold was underpinned by a bullish shift in technical indicators, including daily moving averages and Bollinger Bands, and a bullish monthly MACD. The company’s quarterly operating profit growth of 247.19% and low debt-equity ratio of 0.05 times highlight improving financial health and operational efficiency. The stock’s long-term returns remain exceptional, with a five-year gain of 921.20% compared to the Sensex’s 77.96%.


Cautionary Signals: Despite recent improvements, some short-term technical indicators such as the weekly MACD and KST remain mildly bearish, suggesting potential volatility. The PEG ratio of 4.2 indicates the stock trades at a premium relative to earnings growth, warranting cautious valuation consideration. Long-term fundamentals show limited ROCE and occasional negative EBIT to interest ratios, highlighting ongoing operational risks. Investors should remain mindful of sector-specific risks including commodity price fluctuations and regulatory changes.




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Conclusion: Balanced Momentum and Fundamentals Support Hold Rating


Gujarat Natural Resources Ltd’s performance in the week ending 2 January 2026 reflects a cautious but positive shift in both technical momentum and financial fundamentals. The stock’s outperformance relative to the Sensex, combined with a significant upgrade in technical indicators and strong quarterly operating profit growth, supports the recent upgrade to a Hold rating by MarketsMOJO. While some short-term technical signals advise prudence and valuation metrics suggest a premium, the company’s conservative capital structure and improving operational efficiency provide a solid foundation.


Investors should continue to monitor the stock’s price action and volume trends for confirmation of sustained gains, while remaining aware of the inherent risks in the oil exploration and refinery sector. The current outlook favours a balanced approach, recognising the stock’s recovery and growth potential alongside its longer-term challenges.






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