Key Events This Week
Feb 9: Stock rises 1.82% on strong technical momentum
Feb 10: Mojo Grade upgraded to Sell amid technical improvement
Feb 12: Price rebounds 1.54% despite Sensex decline
Feb 13: Q3 FY26 results reveal profit recovery but structural concerns
Monday, 9 February: Positive Start on Technical Momentum
Hazoor Multi Projects Ltd began the week on a positive note, closing at Rs.35.84, up Rs.0.64 or 1.82% from the previous close. This outpaced the Sensex’s 1.04% gain to 37,113.23, signalling early optimism. The volume of 485,030 shares indicated healthy trading interest. The stock’s short-term technical indicators, including a mildly bullish weekly MACD and Bollinger Bands, supported this upward move despite ongoing fundamental challenges.
Tuesday, 10 February: Mojo Grade Upgrade Amid Mixed Signals
The stock slipped slightly to Rs.35.75, down 0.25%, while the Sensex advanced 0.25% to 37,207.34. On this day, MarketsMOJO upgraded Hazoor Multi Projects Ltd’s Mojo Grade from Strong Sell to Sell, reflecting a cautious improvement in technical parameters despite weak financials. The weekly MACD turned mildly bullish, and the KST indicator showed early signs of momentum recovery. However, the monthly technicals remained bearish, underscoring the stock’s uncertain outlook.
Wednesday, 11 February: Profit Taking Amid Market Stability
The stock declined further to Rs.35.03, a 2.01% drop, while the Sensex inched up 0.13% to 37,256.72. Lower volume of 280,267 shares accompanied this fall, suggesting profit-taking after the previous days’ gains. The technical momentum showed mixed signals, with daily moving averages still mildly bearish. The stock’s underperformance relative to the Sensex highlighted investor caution amid the company’s ongoing financial difficulties.
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Thursday, 12 February: Price Rebounds Despite Market Weakness
Hazoor Multi Projects Ltd rebounded to Rs.35.57, gaining 1.54%, while the Sensex declined 0.56% to 37,049.40. The volume increased to 378,313 shares, reflecting renewed buying interest. Weekly technical indicators such as MACD and Bollinger Bands remained mildly bullish, supporting the price recovery. However, monthly indicators continued to signal caution, reflecting the stock’s struggle to sustain a longer-term uptrend amid sector headwinds.
Friday, 13 February: Q3 Results Show Profit Recovery but Structural Issues Persist
The week ended with the stock falling sharply by 2.61% to Rs.34.64 on low volume of 106,233 shares, underperforming the Sensex’s 1.40% decline to 36,532.48. The company reported Q3 FY26 results indicating a profit recovery; however, deeper structural concerns remain. Despite the positive earnings surprise, Hazoor Multi Projects Ltd continues to face operational challenges, negative cash flows, and weak sales trends, which weighed on investor sentiment and pressured the stock price.
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Daily Price Comparison: Hazoor Multi Projects Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.35.84 | +1.82% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.35.75 | -0.25% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.35.03 | -2.01% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.35.57 | +1.54% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.34.64 | -2.61% | 36,532.48 | -1.40% |
Key Takeaways
Technical Momentum Shows Tentative Improvement: The upgrade from Strong Sell to Sell by MarketsMOJO and mildly bullish weekly MACD and Bollinger Bands indicate a tentative stabilisation in price momentum. Short-term indicators such as the KST oscillator and Dow Theory assessments also shifted mildly bullish, suggesting potential for near-term gains.
Financial Performance Remains a Concern: Despite the technical upgrade, Hazoor Multi Projects Ltd continues to report weak financials, including a 15.22% year-on-year decline in net sales and eight consecutive quarters of negative profits. The latest quarterly PAT loss of ₹9.93 crores and negative operating cash flow of ₹49.46 crores highlight ongoing operational challenges.
Valuation and Debt Profile Offer Some Cushion: The company’s ROCE of 7.7% and low Debt to EBITDA ratio of 0.63 times suggest conservative leverage and potential undervaluation relative to peers. Institutional holdings at 22.92% indicate some confidence among sophisticated investors despite the risks.
Price Volatility and Volume Trends Signal Caution: The stock’s price swings and declining volumes towards week-end reflect investor uncertainty. The divergence between weekly bullish and monthly bearish technical indicators underscores the need for confirmation of a sustained recovery.
Conclusion
Hazoor Multi Projects Ltd’s week was characterised by a complex interplay of improving technical signals and persistent fundamental weaknesses. While the upgrade to a Sell rating from Strong Sell and short-term momentum gains offer some optimism, the company’s ongoing financial struggles and negative cash flows temper enthusiasm. The stock underperformed the Sensex over the week, closing at Rs.34.64, reflecting cautious investor sentiment amid mixed market signals. Going forward, sustained improvement in financial performance and confirmation of technical trends will be critical for a more positive outlook.
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