Key Events This Week
Feb 9: Stock surges 4.07% to Rs.1,164.45 on strong price momentum
Feb 10: Mixed technical signals emerge amid sideways price movement
Feb 12: Stock dips 1.42% to Rs.1,147.00 as technical momentum weakens
Feb 13: Strong quarterly results announced; stock rebounds 1.94% to Rs.1,169.20
Monday, 9 February: Strong Price Momentum Lifts Stock Above Rs.1,160
Inox India Ltd opened the week on a strong note, surging 4.07% to close at Rs.1,164.45, significantly outperforming the Sensex’s 1.04% gain. The stock traded within a range of Rs.1,121.65 to Rs.1,170.00, inching closer to its 52-week high of Rs.1,289.00. This sharp rise reflected renewed investor interest and a shift in price momentum, setting a positive tone for the week ahead. Volume was robust at 8,681 shares, supporting the price advance.
Tuesday, 10 February: Mixed Technical Signals Amid Sideways Movement
On 10 February, the stock edged up modestly by 0.25% to Rs.1,167.40, with volume declining sharply to 1,777 shares. Technical analysis revealed a complex picture: while the short-term momentum appeared cautious, Bollinger Bands suggested bullish pressure as the price hovered near the upper band. However, the weekly MACD remained bearish and moving averages were mildly bearish, indicating a sideways consolidation phase. The Sensex also gained 0.25%, closing at 37,207.34.
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Wednesday, 11 February: Slight Decline Amid Low Volume
The stock slipped 0.33% to Rs.1,163.50 on 11 February, with volume falling further to 549 shares. This minor pullback occurred despite the Sensex gaining 0.13%, closing at 37,256.72. Technical momentum indicators such as the weekly MACD and KST oscillator remained bearish, while the RSI stayed neutral, indicating no oversold conditions. The price action suggested a cautious market awaiting further catalysts.
Thursday, 12 February: Technical Momentum Weakens, Stock Dips 1.42%
On 12 February, Inox India’s stock declined 1.42% to Rs.1,147.00 amid a broader market pullback, with the Sensex falling 0.56% to 37,049.40. Daily moving averages turned mildly bearish, signalling short-term resistance. The technical trend shifted from sideways to mildly bearish, supported by bearish weekly MACD and KST readings. Despite this, volume remained subdued at 561 shares, suggesting limited selling pressure. Bollinger Bands indicated a sideways weekly trend but bullish monthly bands, reflecting mixed signals across timeframes.
Friday, 13 February: Strong Quarterly Results Spur 1.94% Rebound
Inox India Ltd closed the week on a positive note, rebounding 1.94% to Rs.1,169.20 on heavy volume of 12,928 shares. The stock’s intraday range was Rs.1,141.70 to Rs.1,178.20. This rally followed the announcement of strong quarterly results for Q3 FY2026, with net sales reaching a record Rs.428.56 crores and net profit after tax hitting Rs.67.12 crores. The company’s positive financial trend score rose from 0 to 12 over the past three months, reflecting operational improvements and enhanced profitability. Despite a dip in return on capital employed to 29.76%, the market responded favourably to the earnings beat. The Sensex declined 1.40% to 36,532.48, underscoring Inox India’s relative outperformance.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.1,164.45 | +4.07% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.1,167.40 | +0.25% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.1,163.50 | -0.33% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.1,147.00 | -1.42% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.1,169.20 | +1.94% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Inox India Ltd outperformed the Sensex by 5.04% over the week, driven by strong quarterly earnings that set new records in net sales (Rs.428.56 crores) and net profit (Rs.67.12 crores). Operational efficiency improved, as evidenced by a high debtors turnover ratio of 7.24 times, supporting better cash flow management. Volume surged on the final trading day, confirming investor interest following the earnings announcement. Bollinger Bands on monthly charts and On-Balance Volume indicators suggest underlying bullish pressure despite short-term technical caution.
Cautionary Signals: Technical momentum indicators such as the weekly MACD and KST oscillator shifted to a mildly bearish stance midweek, signalling potential short-term consolidation or correction. The return on capital employed declined to 29.76%, raising questions about capital utilisation efficiency. Daily moving averages turned mildly bearish on 12 February, indicating resistance levels that could limit near-term upside. The Mojo Grade remains at Sell with a score of 42.0, reflecting analyst caution despite the positive financial trend.
Conclusion
Inox India Ltd’s week was characterised by a strong price gain of 4.50% amid a backdrop of mixed technical signals and a robust quarterly earnings report. The stock’s outperformance relative to the Sensex highlights its resilience and operational turnaround, with record sales and profitability underpinning investor confidence. However, the shift to mildly bearish technical momentum and concerns over capital efficiency suggest that the stock may face short-term consolidation. Investors should monitor key technical levels and upcoming financial metrics closely to gauge whether the positive trend can be sustained. Overall, Inox India remains a stock with strong fundamentals tempered by cautious technical outlooks.
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