Key Events This Week
Jan 27: Stock rises 2.30% on renewed investor interest
Jan 28: Upgrade to Sell rating by MarketsMOJO amid mixed financial signals
Jan 29: Mixed technical signals emerge amid price momentum shift
Jan 30: Technical momentum shifts to sideways trend with cautious outlook
Monday, 27 January 2026: Positive Start with 2.30% Gain
Inox Green Energy Services Ltd opened the week on a positive note, closing at ₹162.35, up ₹3.65 or 2.30% from the previous Friday’s close of ₹158.70. This gain outpaced the Sensex’s 0.50% rise to 35,786.84, signalling renewed investor interest. The volume of 115,299 shares traded was robust, reflecting active participation. The positive price movement set the tone for the week, supported by anticipation of upcoming financial updates and technical momentum.
Tuesday, 28 January 2026: Upgrade to Sell Rating Spurs 4.65% Surge
The stock surged 4.65% to close at ₹169.90, marking the week’s high, on relatively lower volume of 28,060 shares. This rally coincided with MarketsMOJO’s upgrade of Inox Green Energy Services Ltd’s investment rating from 'Strong Sell' to 'Sell'. The upgrade was driven by mixed financial and valuation signals, including a 52.79% growth in net sales, a 190.4% increase in quarterly profit after tax to ₹27.90 crores, and improved operating cash flow of ₹60.37 crores. Despite persistent long-term challenges such as a negative five-year CAGR in operating profits (-248.34%) and weak debt servicing ability, these recent improvements provided a more balanced outlook. The stock’s technical momentum also strengthened, contributing to the price appreciation that day.
Our latest monthly pick, this Small Cap from Oil Exploration/Refineries, is showing strong performance since announcement! See why our Investment Committee chose it after screening 50+ candidates.
- - Investment Committee approved
- - 50+ candidates screened
- - Strong post-announcement performance
Wednesday, 29 January 2026: Mixed Technical Signals Amid Price Volatility
The stock experienced a sharp reversal, closing down 3.59% at ₹163.80 on increased volume of 42,226 shares. Despite the decline, the intraday range was wide, with prices fluctuating between ₹163.05 and ₹170.90, reflecting volatility. Technical indicators presented a complex picture: while daily moving averages and the weekly Know Sure Thing (KST) oscillator suggested mild bullish momentum, longer-term indicators such as the weekly and monthly MACD and Bollinger Bands signalled bearish tendencies. The stock’s price remained well below its 52-week high of ₹279.00 but comfortably above the 52-week low of ₹95.65. Over the past week, Inox Green outperformed the Sensex with a 7.06% gain versus the benchmark’s 0.53%, but it has underperformed over one-month and year-to-date periods. This mixed technical profile indicated a transition from sideways trading to a mildly bearish trend, cautioning investors about near-term momentum shifts.
Thursday, 30 January 2026: Sideways Momentum Amid Bearish Sentiment
On the final trading day of the week, the stock rebounded 3.75% to close at ₹169.95 on volume of 61,661 shares, matching the week’s high. However, the overall technical momentum shifted from mildly bearish to sideways, reflecting consolidation. The Moving Average Convergence Divergence (MACD) remained bearish on weekly and monthly charts, while the Relative Strength Index (RSI) showed a bullish weekly reading but neutral monthly stance. Bollinger Bands continued to indicate elevated volatility with a bearish bias. Daily moving averages and the weekly KST oscillator suggested stabilisation or tentative recovery attempts. The Sensex closed slightly lower at 36,185.03 (-0.22%), contrasting with the stock’s positive close. The sideways trend underscored ongoing market pressures and sectoral challenges within the Other Utilities segment, where Inox Green operates.
Inox Green Energy Services Ltd or something better? Our SwitchER feature analyzes this small-cap stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Daily Price Comparison: Inox Green Energy Services Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.162.35 | +2.30% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.169.90 | +4.65% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.163.80 | -3.59% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.169.95 | +3.75% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: The stock’s 7.09% weekly gain significantly outperformed the Sensex’s 1.62%, driven by strong quarterly financial results including a 52.79% increase in net sales and a 190.4% surge in profit after tax. The upgrade from 'Strong Sell' to 'Sell' by MarketsMOJO reflects improved financial trends and technical momentum. Short-term technical indicators such as daily moving averages and weekly KST oscillator suggest potential for tactical rallies.
Cautionary Notes: Despite recent improvements, long-term fundamentals remain weak, with a negative five-year CAGR in operating profits (-248.34%) and poor debt servicing capacity (EBIT to interest coverage ratio of -0.15). Technical indicators on weekly and monthly charts, including MACD and Bollinger Bands, signal bearish tendencies and elevated volatility. The stock trades well below its 52-week high of ₹279.00, highlighting ongoing valuation risks. Sectoral headwinds in Other Utilities add to the cautious outlook.
Conclusion
Inox Green Energy Services Ltd’s week was characterised by a strong price rally supported by an upgrade in investment rating and encouraging quarterly financial results. However, the technical landscape remains mixed, with medium- and long-term indicators signalling caution amid volatility and sectoral challenges. The stock’s significant outperformance of the Sensex this week contrasts with its subdued momentum over longer periods, underscoring the importance of monitoring both fundamental and technical developments closely. Investors should weigh the recent positive financial trends against persistent operational weaknesses and the cautious technical outlook before making decisions.
Unlock special upgrade rates for a limited period. Start Saving Now →
