Gulshan Polyols Ltd Surges 24.85%: Key Drivers Behind This Week’s Rally

Monday, 9 February 2026: Strong Opening Rally

Gulshan Polyols Ltd began the week with a robust gain of 8.54%, closing at ₹141.10 from the previous Friday’s ₹130.00. This sharp rise was accompanied by a healthy volume of 7,671 shares, signalling renewed buying interest. The broader Sensex also advanced 1.04% to 37,113.23, but the stock’s outperformance was already evident. This initial surge set the tone for the week’s bullish momentum.

Tuesday, 10 February 2026: Technical Momentum Shift Amid Mixed Market Returns

On 10 February, Gulshan Polyols continued its upward trajectory, gaining 3.83% to close at ₹146.50. The day’s volume nearly doubled to 15,423 shares, reinforcing the strength behind the move. Market-wide, the Sensex rose modestly by 0.25% to 37,207.34.

Technical indicators revealed a nuanced shift in momentum. The stock’s trend moved from bearish to mildly bearish, reflecting cautious optimism. The weekly MACD turned mildly bullish, while the monthly MACD remained bearish, indicating short-term strength amid longer-term pressures. The Relative Strength Index (RSI) remained neutral, suggesting the stock was neither overbought nor oversold. Bollinger Bands and moving averages pointed to a mildly bearish stance, underscoring a cautious market sentiment.

Despite these mixed signals, the stock’s price action and volume suggested genuine accumulation, supported by an upgrade in its Mojo Grade to Hold with a score of 62.0. This technical momentum shift was a key factor in sustaining the rally.

Wednesday, 11 February 2026: Upper Circuit Hit on Robust Buying Pressure

The stock’s momentum peaked on 11 February, when Gulshan Polyols Ltd surged 11.64% intraday and ultimately hit the upper circuit limit, closing at ₹163.55 with a maximum permissible gain of 12.73%. The stock opened at ₹163.95, gapped up 16.75% from the previous close, and touched an intraday high of ₹174.52, marking a 19.99% rise before settling at the circuit limit price.

Trading volume exploded to 13.05 lakh shares, generating a turnover of ₹21.67 crore, reflecting intense market participation. Delivery volumes rose sharply by 89.01% compared to the five-day average, indicating genuine accumulation rather than speculative trading. The stock outperformed its sector peers by 10.86% on the day, while the Sensex was nearly flat, declining 0.01%.

Technically, the stock traded above all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), reinforcing a strong bullish setup. The regulatory freeze triggered by the upper circuit hit highlighted unfilled buy demand and strong investor conviction. However, this also introduced potential volatility as profit booking could follow once trading resumed.

Thursday, 12 February 2026: Minor Profit Booking Amid Market Weakness

Following the upper circuit surge, the stock experienced a slight pullback on 12 February, closing at ₹162.70, down 0.52%. Volume decreased to 22,730 shares. The broader market weakened, with the Sensex falling 0.56% to 37,049.40. This minor correction reflected profit booking after the intense rally, though the stock remained well above its opening price for the week.

Friday, 13 February 2026: Consolidation Continues as Week Ends

On the final trading day of the week, Gulshan Polyols Ltd closed marginally lower at ₹162.30, down 0.25%, on volume of 9,249 shares. The Sensex declined further by 1.40% to 36,532.48, marking a weak finish for the broader market. The stock’s consolidation after a strong rally suggests investors are digesting gains and awaiting fresh catalysts.

Key Takeaways

Strong Outperformance: Gulshan Polyols Ltd’s 24.85% weekly gain dwarfed the Sensex’s 0.54% decline, highlighting exceptional relative strength in a weak market environment.

Technical Momentum Shift: The transition from bearish to mildly bearish technical momentum on 10 February, supported by a Mojo Grade upgrade to Hold, signalled improving investor sentiment and helped sustain the rally.

Upper Circuit Surge: The upper circuit hit on 11 February, with a 12.73% gain and record volumes, demonstrated robust buying interest and genuine accumulation, though it also introduced potential volatility risks.

Profit Booking and Consolidation: Minor declines on 12 and 13 February reflected prudent profit taking after a sharp rally, with the stock consolidating near ₹162 levels as investors await further developments.

Sector Challenges Persist: Despite the strong short-term performance, the stock’s longer-term technical indicators remain mixed, and sector-specific headwinds in Other Agricultural Products continue to pose risks.

Conclusion

Gulshan Polyols Ltd’s week was marked by a powerful rally driven by a technical momentum shift and an upper circuit surge, resulting in a 24.85% gain that significantly outpaced the broader market. While the stock’s short-term outlook appears bullish, supported by strong volumes and improved technical indicators, investors should remain mindful of the underlying sector challenges and the potential for volatility following the recent price spike.

The stock’s upgrade to a Hold rating and the sustained buying interest suggest a more balanced risk-reward profile, but the mixed longer-term technical signals counsel caution. Monitoring upcoming market developments and technical trends will be essential to assess whether Gulshan Polyols can maintain its momentum or if consolidation will continue.

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