Key Events This Week
9 Feb: Stock opens strong at Rs.507.60 (+2.95%) amid positive market sentiment
10 Feb: New 52-week high and all-time high reached near Rs.580, with a 15.04% surge
11 Feb: Further 52-week and all-time highs touched at Rs.600 and Rs.597 respectively
12 Feb: New 52-week high of Rs.609.95 and all-time high of Rs.594.95 amid strong financials
13 Feb: Stock closes at Rs.543.80, down 4.40% on profit-taking and market weakness
9 February 2026: Strong Start Amid Positive Market Sentiment
Investment & Precision Castings Ltd began the week on a positive note, closing at Rs.507.60, up Rs.14.55 or 2.95%. This gain outpaced the Sensex’s 1.04% rise to 37,113.23 points. The stock’s volume of 19,282 shares indicated healthy investor interest. The broader market optimism provided a supportive backdrop for the stock’s initial advance.
10 February 2026: Breakout to New 52-Week and All-Time Highs
The stock surged 15.04% to close at Rs.583.95, marking a new 52-week high of Rs.580 intraday and an all-time high near Rs.575. This represented a remarkable two-day gain of 17.64%. Despite intraday volatility of 7.79%, the stock demonstrated resilience by rebounding from a low of Rs.496.20 to close near its peak. The outperformance was stark against the Sensex’s modest 0.25% gain. The company’s Mojo Grade was upgraded from Sell to Hold on 1 February, reflecting improved fundamentals and market sentiment.
11 February 2026: Continued Momentum with New Highs Amid Mixed Market
Investment & Precision Castings Ltd touched a new 52-week high of Rs.600 and an all-time high of Rs.597 intraday. The stock closed slightly lower at Rs.574.55 (-1.61%) on lighter volume of 4,478 shares, reflecting some profit-taking. Despite this, the stock outperformed the Castings & Forgings sector by 2.06% and remained above all key moving averages. The Sensex gained a marginal 0.13%, indicating a cautious market environment. Financially, the company reported strong quarterly results with operating profit growth of 5.91% and record net sales of Rs.47.36 crores.
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12 February 2026: New 52-Week and All-Time Highs Amid Robust Financials
The stock reached a new 52-week high of Rs.609.95 and an all-time high of Rs.594.95 intraday, closing at Rs.568.80 (-1.00%). The day’s trading was volatile with a 6.34% intraday swing between Rs.537.25 and Rs.609.95. Despite the Sensex declining 0.56%, the stock outperformed its sector by 5.92%. The company’s operating profit has expanded at an annualised rate of 50.96%, with record quarterly net sales and PBDIT. The operating profit to interest ratio reached 5.37 times, signalling strong earnings capacity. However, the debt to EBITDA ratio remains elevated at 3.40 times, warranting cautious monitoring.
13 February 2026: Profit-Taking and Market Weakness Lead to Correction
On the final trading day of the week, the stock corrected 4.40% to close at Rs.543.80 on volume of 5,412 shares. This decline coincided with a broader market sell-off as the Sensex fell 1.40% to 36,532.48. The stock’s pullback followed a strong four-day rally, reflecting typical profit-taking behaviour. Despite the correction, the stock maintained a weekly gain of 10.29%, significantly outperforming the Sensex’s 0.54% loss. The company’s Mojo Score improved to 71.0 with a Buy rating upgrade on 10 February, underscoring positive market sentiment.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.507.60 | +2.95% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.583.95 | +15.04% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.574.55 | -1.61% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.568.80 | -1.00% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.543.80 | -4.40% | 36,532.48 | -1.40% |
Key Takeaways
Strong Price Momentum: The stock gained 10.29% over the week, significantly outperforming the Sensex’s 0.54% decline. Multiple new 52-week and all-time highs were recorded, reflecting robust investor confidence.
Financial Performance: Record quarterly net sales of Rs.47.36 crores and PBDIT of Rs.7.95 crores, with operating profit growth of 5.91% in the latest quarter, underpin the stock’s rally.
Technical Strength: Trading above all major moving averages, the stock’s technical indicators signal sustained bullish momentum despite late-week profit-taking.
Valuation and Leverage: The company’s PEG ratio of 0.5 suggests earnings growth is not fully priced in, though a high debt to EBITDA ratio of 3.40 times warrants monitoring.
Market Sentiment: The upgrade to a Buy rating and a Mojo Score of 71.0 by MarketsMOJO reflect improved fundamentals and positive outlook.
Institutional Interest: Notably, domestic mutual funds hold no stake, indicating cautious positioning by institutional investors despite strong performance.
Conclusion
Investment & Precision Castings Ltd’s week was marked by impressive gains, driven by strong financial results, technical momentum, and positive market sentiment. The stock’s ability to hit multiple new highs amid a mixed market environment highlights its resilience and growth potential within the Castings & Forgings sector. While valuation and leverage metrics suggest areas for cautious evaluation, the overall trajectory remains positive. The recent upgrade to a Buy rating and sustained operational performance position the company well as it navigates evolving market conditions.
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