Key Events This Week
2 Feb: Stock opens at Rs.3,350.30, Sensex down 1.03%
3 Feb: MarketsMOJO upgrades rating to Hold; stock surges 3.52%
4 Feb: Technical momentum shifts to mildly bearish; stock closes at Rs.3,468.10 (+0.64%)
6 Feb: Week closes at Rs.3,449.60, down 1.37% on day but up 3.48% for week
Monday, 2 February 2026: Modest Start Amid Sensex Decline
Ingersoll-Rand began the week at Rs.3,350.30, marking a 0.50% gain from the previous Friday’s close of Rs.3,333.60. This modest rise contrasted with the Sensex’s 1.03% decline to 35,814.09, signalling relative strength in the stock despite broader market weakness. Trading volume was subdued at 213 shares, reflecting cautious investor positioning ahead of anticipated news.
Tuesday, 3 February 2026: Hold Upgrade Spurs 3.52% Rally
The stock surged 3.52% to close at Rs.3,468.10 on 3 February, supported by a significant volume increase to 1,270 shares. This rally coincided with MarketsMOJO’s upgrade of Ingersoll-Rand’s rating from Sell to Hold, reflecting a reassessment of the company’s fundamentals and technical outlook. The upgrade highlighted the company’s strong long-term return on equity of 40.7% and healthy operating profit growth of 37.16% annually, despite flat recent quarterly results.
MarketsMOJO noted the company’s zero debt position and robust capital utilisation as positives, while cautioning on valuation metrics such as a high Price to Book ratio of 16.8 and a PEG ratio of 4.3. The upgrade was accompanied by a shift in technical indicators from bearish to mildly bearish, signalling a tentative improvement in momentum.
Wednesday, 4 February 2026: Technical Momentum Shift Amid Mixed Signals
On 4 February, the stock closed at Rs.3,490.15, up 0.64% on lighter volume of 177 shares. Technical analysis revealed a nuanced shift in momentum: the Moving Average Convergence Divergence (MACD) remained bearish weekly but improved to mildly bearish monthly, while the Relative Strength Index (RSI) showed neutral readings. Bollinger Bands and moving averages also indicated mild bearishness, reflecting ongoing volatility.
Despite the technical caution, Dow Theory assessments suggested mild weekly bullishness, though monthly trends remained neutral. On-Balance Volume (OBV) failed to confirm a clear trend, indicating a lack of strong volume support for price moves. The stock’s 52-week range remained wide, with a high of Rs.4,449.95 and a low of Rs.3,060.80, underscoring significant price fluctuations over the past year.
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Thursday, 5 February 2026: Slight Gains Amid Market Pullback
The stock edged up 0.21% to Rs.3,497.50 on 5 February, with volume rising modestly to 199 shares. This gain came despite the Sensex retreating 0.53% to 36,695.11, reinforcing Ingersoll-Rand’s relative strength. Technical indicators remained mixed, with no decisive breakout but a stabilising price pattern. The company’s strong long-term fundamentals continued to underpin investor confidence amid short-term volatility.
Friday, 6 February 2026: Week Ends Slightly Lower but Positive on Weekly Basis
On the final trading day of the week, Ingersoll-Rand closed at Rs.3,449.60, down 1.37% from the previous day’s close. Volume increased to 222 shares, reflecting some profit-taking after the week’s gains. The Sensex closed marginally higher by 0.10% at 36,730.20. Despite the daily decline, the stock posted a solid 3.48% gain for the week, outperforming the Sensex’s 1.51% rise.
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Daily Price Comparison: Ingersoll-Rand vs Sensex (2–6 February 2026)
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.3,350.30 | +0.50% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.3,468.10 | +3.52% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.3,490.15 | +0.64% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.3,497.50 | +0.21% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.3,449.60 | -1.37% | 36,730.20 | +0.10% |
Key Takeaways
Outperformance Amid Mixed Market Conditions: Ingersoll-Rand outpaced the Sensex with a 3.48% weekly gain versus the benchmark’s 1.51%, demonstrating relative resilience despite broader market volatility.
Fundamental Strength Balanced by Valuation Concerns: The MarketsMOJO upgrade to Hold reflects confidence in the company’s strong long-term fundamentals, including a high ROE of 40.7% and zero debt, tempered by expensive valuation multiples such as a P/B ratio of 16.8 and a PEG of 4.3.
Technical Momentum Shift: The stock’s technical indicators moved from bearish to mildly bearish, signalling stabilisation but not yet a confirmed bullish trend. Mixed signals from MACD, RSI, Bollinger Bands, and OBV suggest cautious optimism with no clear breakout.
Volume and Price Action: Volume spikes on 3 February accompanied the rating upgrade and price rally, but subsequent sessions saw lighter volumes and modest gains, indicating a wait-and-see stance among investors.
Long-Term Outperformance: Despite recent flat quarterly results and short-term volatility, Ingersoll-Rand’s 3-, 5-, and 10-year returns significantly exceed Sensex benchmarks, underscoring its quality and growth potential over extended periods.
Conclusion
Ingersoll-Rand (India) Ltd’s week was characterised by a positive price trajectory supported by a MarketsMOJO upgrade to Hold and a subtle technical momentum shift. While the stock outperformed the Sensex by nearly 2 percentage points, mixed technical signals and valuation concerns counsel a measured approach. The company’s robust long-term fundamentals and zero debt position provide a solid foundation, but investors should monitor upcoming quarterly results and technical developments closely. The Hold rating reflects a balanced view, recognising stabilisation without signalling an immediate strong rally. Overall, Ingersoll-Rand remains a stock to watch for disciplined investors amid evolving market conditions.
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