Key Events This Week
09 Feb: Stock opens week with 2.87% gain to Rs.42.00
10 Feb: Hits upper circuit, closes near limit at Rs.42.21 (+4.71%)
11 Feb: Upper circuit hit again, closes at Rs.45.13 (+4.98%)
12 Feb: Third consecutive upper circuit close at Rs.47.35 (+4.92%)
13 Feb: Sharp correction to Rs.46.12 (-4.39%) amid Sensex decline
Monday, 9 February 2026: Positive Start Amid Broader Market Gains
Karma Energy Ltd began the week on a positive note, closing at Rs.42.00, up 2.87% from the previous Friday’s close of Rs.40.83. This outperformance was stronger than the Sensex’s 1.04% gain to 37,113.23. The stock’s volume was modest at 26,000 shares, but the early momentum set the tone for the week’s bullish trend. The power sector showed resilience, supporting the stock’s initial advance.
Tuesday, 10 February 2026: Upper Circuit Triggered on Robust Buying
Karma Energy Ltd surged to hit its upper circuit limit, closing near the maximum permissible gain at Rs.42.21, a 4.71% increase on the day. The stock opened with a gap-up of nearly 5%, reflecting strong investor enthusiasm. Despite a modest traded volume of 43,600 shares, delivery volumes rose by 3.39%, signalling genuine accumulation rather than speculative trading. This price action outpaced the Sensex’s 0.25% gain and the power sector’s marginal 0.13% rise, highlighting the stock’s relative strength amid sector rotation.
Wednesday, 11 February 2026: Consecutive Upper Circuit Amid Rising Demand
The bullish momentum continued as Karma Energy Ltd again hit the upper circuit, closing at Rs.45.13, up 4.98%. The stock’s intraday high matched the upper price band, confirming strong buying pressure. Trading volume increased to 71,510 shares, with delivery volumes rising 4.32% over the five-day average, indicating sustained investor conviction. This performance contrasted with the power sector’s 0.54% decline and a flat Sensex, underscoring the stock’s outperformance despite a subdued market backdrop.
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Thursday, 12 February 2026: Third Upper Circuit Despite Q3 Losses
On 12 February, Karma Energy Ltd extended its winning streak with a third consecutive upper circuit close at Rs.47.35, a 4.92% gain. The stock opened with a 4.56% gap-up and traded in a narrow band, closing just below the upper price limit. Delivery volumes surged dramatically by 229.72% compared to the five-day average, signalling strong investor participation beyond speculative trading. This rally occurred despite the company reporting mounting losses in its Q3 FY26 results, reflecting a disconnect between fundamentals and market sentiment. The stock outperformed the power sector’s 0.17% decline and the Sensex’s 0.45% fall, highlighting its relative strength amid a weak market environment.
Friday, 13 February 2026: Sharp Correction Amid Broader Market Weakness
The week ended with a notable correction as Karma Energy Ltd fell 4.39% to Rs.46.12, reversing some of the prior gains. This decline coincided with a broader market sell-off, with the Sensex dropping 1.40% to 36,532.48. The stock’s volume spiked to 2,889,000 shares, reflecting heightened trading activity and profit-taking after the four-day rally. Despite the pullback, the stock closed well above its opening price for the week, maintaining a strong weekly gain of 12.96%. The correction may indicate short-term volatility as investors digest the company’s financial results and the recent rapid price appreciation.
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Weekly Price Performance: Karma Energy Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.42.00 | +2.87% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.43.98 | +4.71% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.46.17 | +4.98% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.48.24 | +4.48% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.46.12 | -4.39% | 36,532.48 | -1.40% |
Key Takeaways from the Week
Strong Short-Term Momentum: Karma Energy Ltd demonstrated robust short-term bullishness with three consecutive upper circuit hits from 10 to 12 February, cumulatively gaining nearly 19.7% in four sessions. This momentum was supported by rising delivery volumes, indicating genuine investor accumulation rather than speculative intraday trading.
Outperformance Despite Weak Fundamentals: The stock’s rally occurred despite a recent downgrade to a Strong Sell rating by MarketsMOJO and disappointing Q3 FY26 results showing mounting losses. This divergence suggests that the price action was driven more by market sentiment and technical factors than by fundamental improvements.
Volatility and Liquidity Considerations: As a micro-cap stock with a market capitalisation around ₹53 crore, Karma Energy’s liquidity remains limited, contributing to sharp price swings and regulatory freezes triggered by upper circuit hits. The sharp correction on 13 February highlights the potential for volatility following rapid gains.
Relative Strength vs Broader Market: The stock outperformed the Sensex by nearly 13.5 percentage points over the week, while the benchmark index declined 0.54%. This relative strength underscores the stock’s appeal to momentum traders amid a broadly weak market environment.
Conclusion: A Week of Volatile Gains Amid Fundamental Caution
Karma Energy Ltd’s week was characterised by a striking rally fuelled by strong buying interest and multiple upper circuit hits, culminating in a 12.96% weekly gain. The stock’s outperformance against the Sensex and power sector highlights its short-term appeal. However, the company’s fundamental challenges, including mounting losses and a Strong Sell rating, counsel caution. The sharp correction on the final trading day serves as a reminder of the volatility inherent in micro-cap stocks. Investors should remain attentive to upcoming corporate developments and broader market trends to gauge whether the current momentum can be sustained or if profit-taking and volatility will dominate in the near term.
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