Key Events This Week
09 Feb: Stock surged 3.63% to Rs.42.53, outperforming Sensex's 1.04% gain
10 Feb: Mixed technical signals emerged amid price momentum shift; stock dropped 5.20% to Rs.40.32
12 Feb: Sharp decline of 6.69% to Rs.37.51 on weak market sentiment
13 Feb: Partial recovery with 2.96% gain to Rs.38.62 despite Sensex falling 1.40%
09 February 2026: Strong Opening with Outperformance
Indo Rama Synthetics began the week on a positive note, closing at Rs.42.53, a 3.63% increase from the previous Friday’s close of Rs.40.04. This gain outpaced the Sensex’s 1.04% rise to 37,113.23. The stock’s volume was relatively low at 2,984 shares, but the price momentum suggested initial investor optimism. This early strength set a hopeful tone, although the stock remained well below its 52-week high of Rs.74.94.
10 February 2026: Mixed Technical Signals Amid Price Momentum Shift
On 10 Feb, Indo Rama Synthetics faced a reversal, dropping 5.20% to close at Rs.40.32 despite the Sensex gaining 0.25%. This day was pivotal as technical indicators presented a complex picture. The stock’s intraday range was between Rs.41.37 and Rs.43.29, reflecting volatility. Technical analysis revealed a shift from bearish to mildly bearish momentum, with weekly RSI showing bullish signs but MACD and moving averages remaining bearish. The Mojo Score stood at 42.0, categorised as Sell, reflecting cautious sentiment. The stock’s price-to-earnings ratio was 8.03, indicating an attractive valuation relative to peers, yet the mixed technicals suggested limited near-term upside.
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11 February 2026: Marginal Decline Amid Market Stability
The stock marginally declined by 0.30% to Rs.40.20, while the Sensex edged up 0.13% to 37,256.72. Trading volume was subdued at 2,564 shares, indicating limited investor activity. The technical outlook remained mixed, with no significant trend reversal. Indo Rama’s valuation metrics continued to reflect an attractive entry point, supported by a price-to-book value of 2.52 and a robust return on equity of 31.86%.
12 February 2026: Sharp Decline on Weak Market Sentiment
On 12 Feb, Indo Rama Synthetics suffered a steep 6.69% drop to Rs.37.51, underperforming the Sensex which fell 0.56%. The stock’s volume surged to 12,137 shares, signalling increased selling pressure. Technical indicators such as Bollinger Bands and moving averages remained bearish, reinforcing the downtrend. The stock’s inability to hold above key moving averages suggested resistance levels were intact, limiting recovery prospects. This decline further widened the gap between Indo Rama’s performance and the broader market.
13 February 2026: Partial Recovery Despite Market Weakness
Indo Rama closed the week with a 2.96% gain to Rs.38.62, recovering some losses despite the Sensex dropping 1.40% to 36,532.48. The stock saw its highest weekly volume at 24,296 shares, indicating renewed buying interest. However, the weekly close remained below the week’s opening price, reflecting overall weakness. The valuation shift from very attractive to attractive, combined with solid profitability metrics such as ROCE of 16.79%, provided some support amid the volatile trading environment.
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Daily Price Comparison: Indo Rama Synthetics vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.42.53 | +3.63% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.40.32 | -5.20% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.40.20 | -0.30% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.37.51 | -6.69% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.38.62 | +2.96% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Indo Rama Synthetics demonstrated short-term resilience with a strong opening day gain of 3.63% and a partial recovery on the final trading day. The stock’s valuation metrics, including a P/E ratio of 8.03 and a PEG ratio of 0.03, suggest attractive pricing relative to earnings growth prospects. Profitability remains robust, with ROE at 31.86% and ROCE at 16.79%, supporting the company’s intrinsic value.
Cautionary Signals: The week’s overall price decline of 5.90% significantly underperformed the Sensex’s 0.54% fall, reflecting persistent selling pressure. Technical indicators remain mixed, with bearish moving averages and a bearish MACD on weekly charts tempering optimism. The Mojo Score downgrade to Sell highlights market caution. Elevated volumes on down days indicate distribution rather than accumulation, raising concerns about sustained recovery.
Conclusion
Indo Rama Synthetics navigated a challenging week marked by volatility and mixed technical signals. While valuation metrics have shifted to a more attractive level, the stock’s price performance lagged the broader market, reflecting ongoing headwinds. The interplay of short-term bullish RSI signals against longer-term bearish moving averages suggests a cautious outlook. Investors should monitor key technical levels and valuation trends closely, as the stock seeks to stabilise amid sector and market uncertainties.
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