Stock Price Movement and Market Context
On 23 Feb 2026, Khandwala Securities Ltd’s stock touched an intraday low of Rs.17.11, representing a decline of 9.8% on the day. The stock underperformed its sector by 5.99%, with a day change of -5.75%. Volatility was notably high, with an intraday volatility of 6.61% calculated from the weighted average price. The share price currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum.
In contrast, the broader market has shown resilience. The Sensex opened 92.12 points higher and climbed further by 408 points to close at 83,314.83, a 0.6% gain. The index remains within 3.41% of its 52-week high of 86,159.02, supported by strong performances from mega-cap stocks. Despite this positive market environment, Khandwala Securities has continued to lag significantly behind.
Long-Term Performance and Valuation Concerns
Over the past year, Khandwala Securities has delivered a negative return of 31.23%, a stark contrast to the Sensex’s positive 10.60% gain. The stock’s 52-week high was Rs.29.89, highlighting the extent of the decline. This underperformance extends beyond the last year, with the stock consistently trailing the BSE500 benchmark over the past three annual periods.
The company’s Mojo Score stands at 12.0, with a Mojo Grade of Strong Sell as of 6 Feb 2025, downgraded from Sell. The Market Cap Grade is rated 4, indicating a relatively modest market capitalisation within its sector. These metrics reflect the market’s cautious stance on the stock amid ongoing financial pressures.
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Financial Performance Highlights
Khandwala Securities has reported subdued financial results in recent periods. For the nine months ended December 2025, net sales stood at Rs.5.60 crores, reflecting a decline of 33.01% year-on-year. The company posted a net loss after tax (PAT) of Rs.-0.84 crores for the same period, also down by 33.01%. Cash and cash equivalents were reported at a low Rs.0.47 crores at the half-year mark, indicating limited liquidity buffers.
The company’s operating profit growth has been modest, with an annualised rate of just 2.77%. However, the overall profitability picture remains challenging, with negative EBITDA contributing to the stock’s risk profile. Over the past year, profits have deteriorated by 381%, underscoring the financial strain.
Shareholding and Market Position
Majority shareholding in Khandwala Securities is held by non-institutional investors, which may influence liquidity and trading patterns. The company operates within the Capital Markets industry and sector, a space that has seen mixed performance amid evolving market dynamics.
Valuation and Risk Assessment
The stock is currently trading at valuations that are considered risky relative to its historical averages. The combination of declining sales, negative profitability, and weak long-term fundamental strength has contributed to the Strong Sell rating. This rating was upgraded from Sell on 6 Feb 2025, reflecting a deterioration in the company’s outlook.
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Summary of Key Metrics
To summarise, Khandwala Securities Ltd’s stock has reached a new 52-week low of Rs.17.11, reflecting a year-long decline of over 31%. The company’s financial results reveal shrinking sales, losses, and limited cash reserves. The stock’s valuation is considered elevated in terms of risk, with a Strong Sell Mojo Grade and deteriorated profitability metrics. Meanwhile, the broader market and sector indices have shown relative strength, highlighting the stock’s divergence from prevailing trends.
Investors and market participants will note the stock’s continued underperformance against benchmarks such as the Sensex and BSE500, as well as its position below all major moving averages. These factors collectively illustrate the challenges faced by Khandwala Securities Ltd in the current market environment.
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