Key Events This Week
Jan 5: New 52-week and all-time high at Rs.1511.05
Jan 6: Intraday low hit amid heavy price pressure
Jan 7-9: Continued decline with volume fluctuations
Jan 9: Week closes at Rs.1216.35 (-0.16% on day)
5 January: Stock Hits New 52-Week and All-Time High at Rs.1511.05
Indian Metals & Ferro Alloys Ltd began the week on a strong note, reaching a new 52-week and all-time high of Rs.1511.05 on 5 January 2026. This milestone reflected a remarkable rally over the past year, with the stock having surged approximately 174.2% from its 52-week low of Rs.550.85. Despite the new peak, the stock closed the day at Rs.1,456.05, down 2.94% from the previous close, indicating some profit-taking after the record high.
The broader market was relatively stable, with the Sensex declining marginally by 0.18%. The stock’s ability to maintain levels above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggested a strong technical foundation. The Mojo Score stood at 50.0 with a ‘Hold’ rating, upgraded from ‘Sell’ in November 2025, reflecting improved fundamentals and market positioning.
6 January: Sharp Intraday Decline Amid Price Pressure
The following day, Indian Metals & Ferro Alloys Ltd faced significant selling pressure, with the stock price plunging 11.28% to close at Rs.1,291.85. Intraday, it hit a low of Rs.1,305, marking a 10.37% drop from the previous close. This decline was notably sharper than the broader Sensex’s 0.19% fall and the Ferro & Silica Manganese sector’s 5.8% drop, indicating company-specific weakness.
Technically, the stock slipped below its 5-day and 20-day moving averages, signalling short-term weakness despite remaining above longer-term averages. The two-day cumulative decline exceeded 11%, erasing much of the recent gains. The Mojo Grade remained ‘Hold’, consistent with the observed volatility and neutral outlook.
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7 to 9 January: Continued Downtrend with Moderate Volume
From 7 to 9 January, the stock continued its downward trajectory, closing at Rs.1,270.30 (-1.67%), Rs.1,218.30 (-4.09%), and Rs.1,216.35 (-0.16%) respectively. Volumes fluctuated, with a notable spike on 6 January but relatively lower activity on subsequent days. The Sensex also declined over this period, with a sharper drop on 8 and 9 January, falling 1.41% and 0.89% respectively.
The stock’s persistent weakness below short-term moving averages and the absence of a strong rebound suggested consolidation or correction after the earlier rally. Despite this, the stock remained above its 50-day and longer-term averages, indicating that the longer-term uptrend was not yet decisively broken.
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Daily Price Comparison: Indian Metals & Ferro Alloys Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.1,456.05 | -2.94% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.1,291.85 | -11.28% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.1,270.30 | -1.67% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.1,218.30 | -4.09% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.1,216.35 | -0.16% | 36,807.62 | -0.89% |
Key Takeaways from the Week
Positive Signals: The stock’s initial surge to a new 52-week and all-time high demonstrated strong underlying momentum and investor interest. Its position above long-term moving averages suggests that the fundamental uptrend remains intact despite short-term weakness.
Cautionary Signals: The sharp decline starting 6 January, with a cumulative drop of nearly 19% over the week, highlights significant selling pressure and volatility. The stock underperformed both the Sensex and its sector, indicating company-specific challenges or profit-taking. The breach of short-term moving averages signals potential resistance and a need for consolidation before any sustained recovery.
Volume and Sentiment: Elevated volumes on the day of the sharp decline suggest active investor repositioning. The Mojo Grade of ‘Hold’ reflects a neutral stance amid mixed signals, balancing strong historical returns against recent price pressure.
Conclusion
Indian Metals & Ferro Alloys Ltd’s week was marked by a dramatic reversal from record highs to a steep correction, resulting in an 18.92% weekly loss. While the stock’s long-term fundamentals and technical positioning remain relatively robust, the recent volatility and underperformance relative to the Sensex and sector peers indicate a period of consolidation and caution. Investors should monitor the stock’s ability to stabilise above key moving averages and watch for signs of renewed momentum in the coming weeks.
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