Honda India Power Products Gains 6.24%: Technical Shift and Quarterly Results Drive Momentum

09 February 2026: Strong Weekly Opening Amid Market Gains

Honda India Power Products Ltd began the week on a positive note, closing at Rs.2,269.65, a gain of 3.67% from the previous Friday’s close of Rs.2,189.20. This outpaced the Sensex’s 1.04% rise to 37,113.23, signalling early investor confidence. The volume was moderate at 333, indicating steady participation. This initial strength set the tone for the week’s upward trajectory, supported by improving technical signals and anticipation of upcoming corporate developments.

10 February 2026: MarketsMOJO Upgrades to Hold as Technical Momentum Shifts

The stock advanced further to Rs.2,324.20, up 2.40%, on increased volume of 545 shares. This day was pivotal as MarketsMOJO upgraded Honda India Power Products Ltd’s rating from 'Sell' to 'Hold' based on improved technical and financial metrics. The upgrade reflected a stabilising technical outlook, with the stock’s technical grade moving from bearish to mildly bearish. Despite lingering bearish MACD and KST indicators, the Dow Theory showed mild bullishness on a weekly basis, suggesting tentative strength.

Valuation metrics remained attractive, with a Price to Book Value of 2.7 and a dividend yield of 5.8%, supporting the Hold rating. Financially, the company demonstrated strong quarterly profit growth, with PBT less other income surging 251.57% year-on-year to Rs.5.59 crores and PAT rising 30.8% to Rs.11.17 crores. The clean balance sheet with zero average debt and a modest ROE of 8.8% further underpinned the positive outlook.

11 February 2026: Marginal Gains Amid Mixed Technical Signals

The stock edged up slightly to Rs.2,329.50, a 0.23% increase, on a lower volume of 313 shares. The Sensex also rose modestly by 0.13% to 37,256.72. Technical indicators remained mixed; while the RSI hovered neutrally, Bollinger Bands and daily moving averages suggested a mildly bearish stance. The lack of a clear volume trend, as indicated by On-Balance Volume (OBV), pointed to consolidation rather than a breakout. This cautious price action reflected investor uncertainty despite the recent upgrade and positive quarterly results.

12 February 2026: Profit Taking Amid Broader Market Weakness

On 12 Feb, the stock retreated by 0.46% to Rs.2,318.85 on volume of 292 shares, while the Sensex declined 0.56% to 37,049.40. This modest pullback aligned with a broader market correction and was consistent with the technical indicators signalling lingering bearish momentum. The stock remained above key support levels, maintaining the weekly gains achieved earlier. Investors appeared to be digesting the recent upgrade and awaiting further catalysts.

13 February 2026: Quarterly Results and Strong Finish to the Week

Honda India Power Products Ltd closed the week at Rs.2,325.90, up 0.30% on a significant volume surge to 1,546 shares, signalling renewed buying interest. The company reported Q2 FY26 results showing modest growth despite seasonal headwinds. Profit Before Tax less Other Income rose sharply by 251.57% year-on-year to Rs.5.59 crores, while Net Profit After Tax increased 30.8% to Rs.11.17 crores. These results reflected operational improvements and cost efficiencies, supporting the stock’s resilience amid a declining Sensex, which fell 1.40% to 36,532.48 on the same day.

Weekly Price Performance: Honda India Power Products vs Sensex

Key Takeaways from the Week

Positive Signals: Honda India Power Products Ltd demonstrated strong relative strength, gaining 6.24% for the week while the Sensex declined 0.54%. The MarketsMOJO upgrade to a Hold rating reflected improved technical and financial fundamentals, including a significant quarterly profit surge and a clean balance sheet. The stock’s valuation remains fair with a reasonable Price to Book ratio and an attractive dividend yield of 5.8%, supporting income-oriented investors.

Cautionary Notes: Despite short-term gains, technical indicators such as MACD and KST remain bearish, signalling potential resistance ahead. The company’s long-term sales growth remains subdued, and it continues to underperform broader benchmarks over three and ten-year horizons. Volume trends have been inconsistent, with On-Balance Volume showing no clear directional confirmation, suggesting that momentum may be fragile.

Conclusion: A Week of Stabilisation and Measured Optimism

Honda India Power Products Ltd’s performance this week highlights a phase of stabilisation supported by improved technical momentum and encouraging quarterly results. The MarketsMOJO upgrade to Hold captures this balanced outlook, recognising the company’s operational improvements and fair valuation while acknowledging persistent challenges in growth and technical signals. The stock’s outperformance relative to the Sensex amid a weakening broader market underscores its resilience, though investors should remain cautious given mixed momentum indicators and sector cyclicality. Overall, the week’s developments suggest a cautious but constructive environment for Honda India Power Products Ltd as it navigates its industrial manufacturing landscape.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →