Jagran Prakashan Ltd Technical Momentum Shifts Amid Bearish Signals

Current Price and Market Context

As of 5 Feb 2026, Jagran Prakashan’s stock closed at ₹66.82, slightly down from the previous close of ₹66.99, marking a day change of -0.25%. The stock traded within a narrow range, hitting a high of ₹67.14 and a low of ₹66.42 during the session. Its 52-week high stands at ₹83.99, while the 52-week low is ₹63.00, indicating the stock is closer to its lower annual range.

Technical Trend Shift: From Mildly Bearish to Bearish

The technical trend for Jagran Prakashan has deteriorated from mildly bearish to outright bearish, signalling increased selling pressure. This shift is corroborated by several key technical indicators across daily, weekly, and monthly timeframes.

MACD Analysis

The Moving Average Convergence Divergence (MACD) indicator remains bearish on both weekly and monthly charts. The weekly MACD line continues to trade below its signal line, suggesting sustained downward momentum. Similarly, the monthly MACD confirms this bearish stance, indicating that the medium-term trend is unfavourable for bulls.

RSI Signals

The Relative Strength Index (RSI) presents a mixed picture. On the weekly chart, RSI shows no clear signal, hovering near neutral levels without indicating overbought or oversold conditions. However, the monthly RSI is bullish, suggesting some underlying strength in the longer term. This divergence between weekly and monthly RSI readings points to potential short-term weakness amid longer-term resilience.

Bollinger Bands and Moving Averages

Bollinger Bands on both weekly and monthly timeframes are bearish, with the price trending near the lower band, indicating increased volatility and downward pressure. Daily moving averages also confirm a bearish stance, with the stock price trading below key averages such as the 50-day and 200-day moving averages, reinforcing the negative momentum.

KST and Dow Theory

The Know Sure Thing (KST) indicator is bearish on the weekly chart but mildly bullish on the monthly chart, echoing the mixed signals seen in RSI. Dow Theory analysis shows no definitive trend on either weekly or monthly timeframes, suggesting indecision among market participants regarding the stock’s directional bias.

On-Balance Volume (OBV) and Volume Trends

OBV is mildly bearish on the weekly chart, indicating that volume trends are not supporting price advances. The monthly OBV shows no clear trend, implying that volume activity has been relatively neutral over the longer term. This lack of strong volume confirmation adds to the cautious technical outlook.

Comparative Returns Versus Sensex

Jagran Prakashan’s recent returns have lagged behind the broader market benchmark, the Sensex. Over the past week, the stock gained 0.30%, compared to the Sensex’s 1.79% rise. Over one month, the stock declined by 7.81%, significantly underperforming the Sensex’s 2.27% fall. Year-to-date, the stock is down 6.44%, while the Sensex has fallen 1.65%. Over the last year, the stock has dropped 13.28%, contrasting with the Sensex’s 6.66% gain. Longer-term returns over three and five years also show underperformance, with the stock returning -7.58% and 52.91% respectively, versus the Sensex’s 37.76% and 65.60%. The 10-year return is deeply negative at -57.22%, while the Sensex has surged 244.38% in the same period.

Mojo Score and Ratings Update

MarketsMOJO assigns Jagran Prakashan a Mojo Score of 40.0, reflecting a Sell rating. This is an upgrade from the previous Strong Sell grade issued on 9 Jul 2025, indicating a slight improvement in outlook but still signalling caution. The Market Cap Grade stands at 3, suggesting a mid-tier market capitalisation relative to peers in the Media & Entertainment sector.

Technical Summary and Investor Implications

The overall technical summary for Jagran Prakashan is bearish, with multiple indicators confirming downward momentum. The weekly and monthly MACD and Bollinger Bands are negative, daily moving averages are below price, and volume trends do not support a bullish reversal. The mixed signals from RSI and KST on monthly charts suggest some longer-term support, but the dominant trend remains negative.

Investors should note the stock’s underperformance relative to the Sensex across all key timeframes, highlighting sector-specific or company-specific challenges. The proximity to the 52-week low and the failure to sustain levels near the 52-week high indicate limited upside in the near term.

Sector and Industry Context

Jagran Prakashan operates within the Media & Entertainment industry, a sector currently facing structural shifts due to digital disruption and changing consumer preferences. These factors may be contributing to the stock’s technical weakness and subdued returns. Investors should weigh these sectoral headwinds alongside the technical signals before making allocation decisions.

Conclusion: Cautious Stance Recommended

Given the prevailing bearish technical indicators and the stock’s underperformance relative to the broader market, a cautious stance is advisable for investors considering Jagran Prakashan Ltd. While some monthly indicators hint at mild bullishness, the dominant trend remains negative, and the stock faces significant resistance near current levels.

Investors should monitor key technical levels, including the 52-week low of ₹63.00, as a potential support zone. A sustained break below this level could trigger further downside. Conversely, a recovery above the 50-day and 200-day moving averages would be required to signal a meaningful trend reversal.

Overall, Jagran Prakashan’s technical profile suggests limited near-term upside, with risks outweighing rewards in the current environment.

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