Jagran Prakashan Ltd Technical Momentum Shifts Amid Bearish Signals

Technical Trend Overview

Jagran Prakashan’s technical trend has recently shifted from mildly bearish to outright bearish, reflecting increased selling pressure and weakening price action. The stock closed at ₹68.00 on 10 Feb 2026, down 0.54% from the previous close of ₹68.37. The intraday range was relatively narrow, with a high of ₹68.82 and a low of ₹67.87, indicating subdued volatility. The 52-week high stands at ₹83.99, while the 52-week low is ₹63.00, placing the current price closer to the lower end of its annual range.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator remains bearish on both weekly and monthly timeframes, signalling sustained downward momentum. The weekly MACD line continues to trade below its signal line, confirming short-term selling pressure. On the monthly chart, the MACD histogram remains negative, reinforcing the longer-term bearish outlook.

Conversely, the Relative Strength Index (RSI) presents a more nuanced picture. While the weekly RSI does not currently generate a clear signal, the monthly RSI has turned bullish, suggesting some underlying strength or potential for a longer-term reversal. However, this divergence between weekly and monthly RSI readings warrants caution, as short-term weakness may persist despite improving monthly momentum.

Moving Averages and Bollinger Bands

Daily moving averages for Jagran Prakashan are firmly bearish, with the stock trading below its 50-day and 200-day moving averages. This alignment typically indicates a downtrend and suggests resistance at higher levels. Bollinger Bands on the weekly chart are bearish, with the price hugging the lower band, signalling increased volatility and downward pressure. The monthly Bollinger Bands are mildly bearish, reflecting a less aggressive but still negative trend over the longer term.

Additional Technical Signals

The Know Sure Thing (KST) indicator is bearish on the weekly timeframe but mildly bullish on the monthly, echoing the mixed signals seen in the RSI. Dow Theory assessments show a mildly bearish stance weekly, with no clear trend on the monthly scale. On-Balance Volume (OBV) remains neutral on both weekly and monthly charts, indicating that volume trends have not decisively confirmed either buying or selling dominance.

Comparative Performance and Market Context

Jagran Prakashan’s recent returns have lagged behind the broader market benchmark, the Sensex. Over the past week, the stock gained 2.47%, slightly underperforming the Sensex’s 2.94% rise. The one-month return was negative at -2.12%, contrasting with the Sensex’s modest 0.59% gain. Year-to-date, the stock has declined 4.79%, while the Sensex has fallen 1.36%. Over the last year, the divergence is more pronounced, with Jagran Prakashan down 9.03% against the Sensex’s 7.97% gain.

Longer-term returns also highlight underperformance. Over three years, the stock has declined 3.27%, while the Sensex surged 38.25%. The five-year return for Jagran Prakashan is a positive 51.79%, but still trails the Sensex’s 63.78%. The ten-year picture is starkly negative for the stock, with a 57.39% loss compared to the Sensex’s remarkable 249.97% gain.

Mojo Score and Analyst Ratings

MarketsMOJO assigns Jagran Prakashan a Mojo Score of 40.0, reflecting a Sell rating. This represents an upgrade from the previous Strong Sell grade issued on 09 Jul 2025, indicating a slight improvement in outlook but still a cautious stance. The Market Cap Grade is 4, signalling a relatively small market capitalisation that may contribute to higher volatility and risk. The downgrade in technical trend from mildly bearish to bearish aligns with the current Mojo Grade, reinforcing the need for investors to exercise prudence.

Outlook and Investor Considerations

The technical indicators collectively suggest that Jagran Prakashan is navigating a challenging phase, with dominant bearish momentum on short- and medium-term charts. The divergence between monthly bullish signals in RSI and KST and the prevailing bearish weekly and daily indicators implies that any recovery may be tentative and subject to resistance. Investors should closely monitor the stock’s ability to break above key moving averages and sustain momentum above the ₹68 level to confirm a potential trend reversal.

Given the stock’s underperformance relative to the Sensex and the media & entertainment sector, alongside a modest market cap and mixed technical signals, a cautious approach is warranted. Traders may consider waiting for clearer confirmation of trend improvement before initiating new positions, while long-term investors should reassess the stock’s role within their portfolios in light of these developments.

Summary

Jagran Prakashan Ltd’s technical parameters reveal a stock under pressure, with bearish momentum dominating across multiple indicators. While monthly oscillators hint at possible longer-term strength, the prevailing short-term signals and moving averages suggest that the downtrend remains intact. The stock’s relative underperformance against the Sensex and a modest Mojo Score reinforce a cautious stance for investors. Monitoring key technical levels and volume trends will be critical in assessing any potential recovery or further decline.

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