Hazoor Multi Projects Ltd Faces Intensified Bearish Momentum Amid Technical Downgrade

Price Momentum and Recent Market Performance

Trading at ₹30.49 as of 22 Jan 2026, Hazoor Multi Projects Ltd’s share price has declined sharply from its previous close of ₹32.48, reflecting a day loss of 6.13%. The stock’s intraday range was between ₹29.75 and ₹32.96, indicating heightened volatility. Over the past week and month, the stock has underperformed significantly, posting returns of -14.95% for both periods, compared to the Sensex’s modest declines of -1.77% and -3.56% respectively. Year-to-date, the stock remains down by 12.81%, while the benchmark index has fallen by 3.89%.

Longer-term returns present a mixed picture. Over one year, Hazoor Multi Projects Ltd has suffered a steep 43.95% loss, contrasting with the Sensex’s 8.01% gain. However, over three, five, and ten-year horizons, the stock has delivered extraordinary cumulative returns of 171.99%, 10,234.37%, and 14,663.38% respectively, far outpacing the Sensex’s 35.12%, 65.06%, and 241.83% gains. This disparity highlights the stock’s historical growth potential but also emphasises recent volatility and correction phases.

Technical Indicator Analysis: MACD, RSI, and Moving Averages

The Moving Average Convergence Divergence (MACD) indicator presents a bearish outlook on the weekly chart, signalling increasing downward momentum. The monthly MACD remains mildly bearish, suggesting that while the longer-term trend is still negative, the intensity of selling pressure is somewhat less severe on a broader timeframe. This divergence between weekly and monthly MACD readings indicates that short-term traders may be more cautious, while longer-term investors should monitor for potential trend reversals.

The Relative Strength Index (RSI) currently offers no clear signal on either the weekly or monthly charts, hovering in a neutral zone. This lack of momentum confirmation from RSI suggests that the stock is neither oversold nor overbought, leaving room for further downside or consolidation depending on market catalysts.

Daily moving averages have turned decisively bearish, with the stock trading below key averages such as the 50-day and 200-day moving averages. This alignment confirms a negative short-term trend and raises the likelihood of continued selling pressure unless a significant reversal occurs. The bearish crossover of moving averages further reinforces the downtrend narrative.

Bollinger Bands and Other Momentum Measures

Bollinger Bands readings on both weekly and monthly charts are bearish, indicating that the stock price is trending towards the lower band, a sign of increased selling pressure and potential continuation of the downtrend. This technical setup often precedes further declines unless a strong reversal catalyst emerges.

The Know Sure Thing (KST) indicator presents a nuanced picture: mildly bullish on the weekly timeframe but mildly bearish on the monthly. This divergence suggests short-term attempts at recovery may be met with resistance, while the longer-term trend remains under pressure. Similarly, Dow Theory assessments show a mildly bearish weekly stance contrasted with a mildly bullish monthly outlook, reinforcing the mixed signals across different time horizons.

Volume and On-Balance Volume (OBV) Insights

While On-Balance Volume (OBV) data is not explicitly available for weekly and monthly periods, the sharp price decline accompanied by increased intraday volatility suggests that selling volume has likely intensified. This volume behaviour typically confirms the bearish technical signals and supports the case for continued downward momentum.

Market Capitalisation and Rating Changes

Hazoor Multi Projects Ltd holds a market capitalisation grade of 4, reflecting its mid-tier size within the realty sector. The company’s Mojo Score has deteriorated to 26.0, resulting in a downgrade from a ‘Sell’ to a ‘Strong Sell’ rating as of 21 Jan 2026. This rating change underscores the growing concerns among analysts regarding the stock’s near-term prospects amid weakening technicals and sector headwinds.

Sector and Industry Context

Operating within the Realty sector, Hazoor Multi Projects Ltd faces challenges from subdued demand and cautious investor sentiment. The sector’s cyclical nature and sensitivity to interest rate movements have contributed to the stock’s recent underperformance relative to the broader market. Investors should weigh these sector-specific risks alongside the company’s technical deterioration when considering exposure.

Investor Takeaway and Outlook

Hazoor Multi Projects Ltd’s technical landscape has shifted decisively towards bearishness, with multiple indicators confirming increased downside momentum. The downgrade to a ‘Strong Sell’ rating and the sharp price decline relative to the Sensex highlight the stock’s vulnerability in the current market environment. While the stock’s long-term returns remain impressive, the near-term outlook is clouded by technical weakness and sector headwinds.

Investors should exercise caution and consider risk management strategies, particularly given the stock’s trading below key moving averages and the bearish MACD and Bollinger Bands signals. Monitoring for any reversal in momentum or improvement in volume patterns will be critical before reassessing the stock’s attractiveness.

In summary, Hazoor Multi Projects Ltd currently exhibits a technical profile that favours sellers, with limited indications of immediate recovery. The stock’s performance relative to the broader market and its sector peers suggests that investors may find more compelling opportunities elsewhere until a clearer turnaround emerges.

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