Key Events This Week
Jan 19: Stock opens week at Rs.137.15, down 2.87%
Jan 20: Bearish momentum intensifies, stock falls 3.83%
Jan 21: Hits 52-week low of Rs.127 amid market downturn
Jan 22: Brief rebound with 3.68% gain on heavy volume
Jan 23: Week closes lower at Rs.128.45, down 4.14%
Monday, 19 January 2026: Weak Start Amid Market Decline
Gulshan Polyols began the week on a subdued note, closing at Rs.137.15, down 2.87% from the previous Friday’s close of Rs.141.20. The decline was sharper than the Sensex’s 0.49% fall to 36,650.97, signalling early investor caution. Trading volume was moderate at 3,681 shares, reflecting a cautious market mood as the broader index faced selling pressure. The stock’s drop aligned with sectoral weakness in agricultural products, setting a bearish tone for the week ahead.
Tuesday, 20 January 2026: Bearish Momentum Accelerates
On 20 January, the stock’s decline intensified, falling 3.83% to Rs.131.90 on increased volume of 4,446 shares. This drop outpaced the Sensex’s 1.82% fall to 35,984.65, highlighting the stock’s relative weakness. Technical indicators turned more negative, with the stock trading below key moving averages and the downgrade from Sell to Hold reflecting the mixed but predominantly bearish signals. The broader market correction in the Other Agricultural Products sector compounded selling pressure, pushing the stock further down.
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Wednesday, 21 January 2026: New 52-Week Low Amid Market Downturn
The stock hit a fresh 52-week low of Rs.127 on 21 January, closing at Rs.129.25, down 2.01% on the day. This marked a continuation of the three-day losing streak, with the share price down 9.24% over that period. The decline was sharper than the Sensex’s 0.47% fall to 35,815.26, underscoring the stock’s underperformance. The stock traded below all major moving averages, signalling sustained bearish momentum. Despite robust financial growth metrics reported recently, including a 35.29% annual net sales increase and 46.00% operating profit growth, investor sentiment remained cautious due to elevated debt levels and modest profitability ratios.
Thursday, 22 January 2026: Short-Lived Rebound on Heavy Volume
Gulshan Polyols staged a brief recovery on 22 January, rising 3.68% to Rs.134.00 on significantly higher volume of 9,068 shares. This gain contrasted with the Sensex’s 0.76% rise to 36,088.66, indicating a temporary positive shift in sentiment. The rebound was likely driven by short-term technical buying as the stock approached oversold conditions. However, the recovery was insufficient to reverse the overall bearish trend, with key indicators such as Bollinger Bands and moving averages still signalling downside risk.
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Friday, 23 January 2026: Week Ends Lower on Renewed Selling
The week concluded with renewed selling pressure, as the stock fell 4.14% to Rs.128.45 on low volume of 1,935 shares. This decline outpaced the Sensex’s 1.33% drop to 35,609.90, cementing the stock’s underperformance for the week. The closing price was near the week’s low, reflecting persistent bearish sentiment. Despite the company’s recent upgrade to a Hold rating and a Mojo Score of 57.0, the stock remains weighed down by technical weakness and concerns over leverage and profitability.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.137.15 | -2.87% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.131.90 | -3.83% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.129.25 | -2.01% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.134.00 | +3.68% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.128.45 | -4.14% | 35,609.90 | -1.33% |
Key Takeaways
Negative Price Momentum: Gulshan Polyols’ 9.03% weekly decline significantly outpaced the Sensex’s 3.31% fall, reflecting pronounced selling pressure and technical weakness. The stock’s breach of a 52-week low at Rs.127 highlights the severity of the downtrend.
Mixed Technical Signals: While short-term indicators such as weekly MACD and KST showed mild bullishness midweek, dominant bearish signals from moving averages, Bollinger Bands, and monthly MACD suggest sustained downside risk. The stock remains below all key moving averages, indicating a lack of upward momentum.
Fundamental Contrasts: Despite the price weakness, Gulshan Polyols reported strong financial growth, with net sales rising 35.29% annually and operating profit up 46.00%. However, elevated debt levels (debt to EBITDA at 4.65 times) and modest profitability (ROE at 5.17%) temper optimism.
Volume and Volatility: The spike in volume on 22 January accompanied a brief price rebound, suggesting some short-term buying interest. However, low volumes on the final day and renewed selling indicate that the recovery lacked conviction.
Rating and Score: The upgrade from Sell to Hold and a Mojo Score of 57.0 reflect a more balanced risk profile, though the stock remains a Hold with no strong buy signals. The mid-tier market cap grade of 4 aligns with the company’s sector positioning.
Conclusion
Gulshan Polyols Ltd’s performance in the week ending 23 January 2026 was marked by significant weakness, with the stock falling sharply and hitting a 52-week low amid bearish technical momentum and broader market pressures. While the company’s recent financial results demonstrate robust growth, concerns over leverage and profitability continue to weigh on investor sentiment. The brief midweek rebound was insufficient to reverse the overall downtrend, and the stock’s position below key moving averages and bearish indicators suggests that caution remains warranted. Investors and traders should closely monitor technical signals and sector dynamics in the coming weeks to assess any potential shifts in trend.
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