Key Events This Week
5 Jan: Stock opens at Rs.1,452.75 with a 0.93% gain despite Sensex decline
6 Jan: Intraday high of Rs.1,500.95 with a 3.28% daily surge
7 Jan: Slight pullback of 0.32% amid mixed market signals
8 Jan: Further decline of 0.71% as Sensex falls sharply
9 Jan: Week closes at Rs.1,465.50, down 1.32% on the day but up for the week
5 January 2026: Positive Start Despite Market Weakness
Havells India Ltd. began the week on a positive note, closing at Rs.1,452.75, up 0.93% from the previous Friday’s close of Rs.1,439.30. This gain was achieved despite the Sensex falling 0.18% to 37,730.95 points. The stock’s resilience in a declining market set the tone for the week, supported by steady volume of 15,851 shares. This initial strength suggested underlying demand for the stock amid broader market caution.
6 January 2026: Intraday High and Strong Outperformance
On 6 January, Havells India Ltd. delivered its most notable performance of the week, surging 3.28% to close at Rs.1,500.45. The stock touched an intraday high of Rs.1,500.95, marking a 3.32% increase from the previous close. This intraday peak was a significant milestone, reflecting robust buying momentum that outpaced both the Electronics & Appliances sector and the broader market. The Sensex declined 0.19% to 37,657.70 points, underscoring Havells’ relative strength amid a subdued trading environment.
This rally was supported by a sharp increase in volume to 61,057 shares, indicating strong investor interest. The stock’s price action on this day was consistent with a short to medium-term bullish momentum, trading above its 5-day, 20-day, 50-day, and 100-day moving averages. However, it remained below the 200-day moving average, signalling some longer-term resistance.
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7 January 2026: Mild Correction Amid Mixed Technical Signals
Following the strong surge, Havells experienced a slight pullback on 7 January, closing at Rs.1,495.70, down 0.32% on the day. The volume dropped to 15,410 shares, reflecting a more cautious trading session. The Sensex edged up marginally by 0.03% to 37,669.63 points, indicating a broadly flat market. This minor decline in Havells’ price coincided with technical indicators signalling a shift from outright bearishness to a mildly bearish outlook, suggesting consolidation after recent gains.
8 January 2026: Decline Amid Broader Market Weakness
On 8 January, Havells India Ltd. declined further by 0.71% to close at Rs.1,485.15, with volume increasing to 22,039 shares. The Sensex fell sharply by 1.41% to 37,137.33 points, reflecting broader market weakness. Technical momentum indicators such as MACD and Bollinger Bands remained mildly bearish on weekly and monthly charts, while the RSI stayed neutral. This suggested that while the stock was under pressure, it had not entered oversold territory, leaving room for potential stabilisation.
9 January 2026: Week Closes with a Slight Downturn
The week concluded on 9 January with Havells closing at Rs.1,465.50, down 1.32% from the previous day’s close. Volume surged to 62,172 shares, indicating active trading despite the decline. The Sensex continued its downward trend, falling 0.89% to 36,807.62 points. Despite the daily loss, Havells ended the week with a net gain of 1.82%, significantly outperforming the Sensex’s 2.62% decline. This relative strength highlights the stock’s resilience amid a challenging market environment.
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Weekly Price Performance: Havells India Ltd. vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.1,452.75 | +0.93% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.1,500.45 | +3.28% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.1,495.70 | -0.32% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.1,485.15 | -0.71% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.1,465.50 | -1.32% | 36,807.62 | -0.89% |
Key Takeaways
Positive Signals: Havells India Ltd. outperformed the Sensex by 4.44% over the week, closing with a 1.82% gain despite a broadly weak market. The stock’s intraday high of Rs.1,500.95 on 6 January marked a significant peak, supported by strong volume and sustained buying interest. The upgrade of the Mojo Score to 54.0 and the Hold rating reflects improved technical momentum and a more balanced outlook compared to prior bearish assessments.
Cautionary Notes: Technical indicators remain mixed, with MACD and KST showing bearish momentum on weekly and monthly charts. The stock remains below its 200-day moving average, indicating longer-term resistance. Volume trends do not yet confirm a robust uptrend, and the RSI remains neutral, suggesting limited directional conviction. The broader market weakness and sectoral pressures may continue to weigh on the stock’s near-term performance.
Conclusion
Havells India Ltd. demonstrated resilience during the week ending 9 January 2026, delivering gains in a challenging market environment. The stock’s strong intraday performance on 6 January and overall weekly outperformance versus the Sensex highlight its relative strength. However, the mixed technical signals and cautious momentum suggest that investors should monitor key support and resistance levels closely. The upgrade to a Hold rating by MarketsMOJO aligns with this balanced view, indicating that while the stock is no longer in a clear downtrend, it has yet to establish sustained bullish momentum. Continued observation of technical indicators and sector dynamics will be essential to gauge Havells’ next directional move.
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