Key Events This Week
19 Jan: Stock opens at Rs.692.85, down 1.90%
20 Jan: New 52-week low of Rs.663.75 amid heavy price pressure
21 Jan: Further 52-week low at Rs.615.6 despite Sensex rebound
22 Jan: Fresh 52-week low at Rs.611.7 on fifth consecutive loss
23 Jan: Week closes at Rs.596.90 after sixth straight decline
19 January 2026: Week Begins with Early Decline
KRN Heat Exchanger started the week at Rs.692.85, down 1.90% from the previous Friday’s close of Rs.706.30. The decline came amid a broader market sell-off, with the Sensex falling 0.49% to 36,650.97. The stock’s volume was modest at 4,187 shares, signalling early caution among investors. This initial drop set the tone for the week’s downward trajectory.
20 January 2026: Sharp Fall to 52-Week Low Amid Heavy Selling
The stock plunged further on 20 January, hitting a fresh 52-week low of Rs.663.75 intraday and closing at Rs.640.85, a steep 7.51% decline on the day. This represented a significant underperformance relative to the Sensex’s 1.82% fall to 35,984.65. Intraday volatility was elevated, with the stock touching a low of Rs.634.35, down 8.44% from the previous close. The heavy selling pressure was exacerbated by the stock trading below all key moving averages, signalling technical weakness. The Engineering - Industrial Equipments sector also declined by 2.33%, but KRN Heat Exchanger’s sharper fall highlighted company-specific concerns.
Turnaround taking shape! This Small Cap from NBFC sector just hit profitability with strong business fundamentals showing up. Catch it before the major breakout happens!
- - Recently turned profitable
- - Strong business fundamentals
- - Pre-breakout opportunity
21 January 2026: Continued Decline Despite Market Recovery
On 21 January, KRN Heat Exchanger’s stock price touched another 52-week low at Rs.615.6 intraday, closing at Rs.621.95, down 2.95%. This decline occurred even as the Sensex rebounded by 0.19% to 35,815.26, led by gains in mega-cap stocks. The stock’s underperformance relative to the market and sector persisted, with the share price remaining below all major moving averages. The cumulative loss over the four trading sessions reached 12.45%, reflecting sustained selling pressure despite the company’s positive quarterly results.
22 January 2026: Fifth Consecutive Day of Losses and New 52-Week Low
KRN Heat Exchanger’s downward momentum continued on 22 January, with the stock hitting a fresh 52-week low of Rs.611.7 and closing at Rs.614.75, down 1.16%. This marked the fifth consecutive day of decline, with a cumulative loss of 14.77% over this period. The stock underperformed its sector by 1.49% despite the Sensex gaining 0.76% to 36,088.66. The technical picture remained bearish, with the stock trading below all key moving averages and lacking short-term support.
KRN Heat Exchanger and Refrigeration Ltd or something better? Our SwitchER feature analyzes this small-cap stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
23 January 2026: Week Ends with Sixth Straight Decline
The stock closed the week on 23 January at Rs.596.90, down 2.90% on the day and marking a sixth consecutive session of losses. The intraday high was Rs.629.85, but the stock reversed to close near its low, reflecting persistent selling pressure. This final decline brought the total weekly loss to 15.49%, far exceeding the Sensex’s 3.31% drop. The stock’s price remains well below all major moving averages, underscoring the sustained bearish trend. The Mojo Score remains at 48.0 with a Sell rating, reflecting ongoing valuation and sentiment challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.692.85 | -1.90% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.640.85 | -7.51% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.621.95 | -2.95% | 35,815.26 | +0.19% |
| 2026-01-22 | Rs.614.75 | -1.16% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.596.90 | -2.90% | 35,609.90 | -1.33% |
Key Takeaways from the Week
Negative Price Momentum: The stock’s six-day losing streak and multiple 52-week lows highlight sustained selling pressure and technical weakness. Trading below all major moving averages signals a bearish outlook in the near term.
Valuation Concerns: Despite solid operational performance, including 32.00% annual net sales growth and 54.15% operating profit growth, the stock’s high price-to-book ratio (7.2–8.2 range) suggests the market views the valuation as expensive, contributing to the downtrend.
Robust Financials Amid Weak Sentiment: The company reported strong quarterly results with net sales of Rs.152.07 crore (up 35.4%) and a record operating profit margin of 19.90%. Profitability has improved by 26% year-on-year, yet this has not translated into share price gains.
Market and Sector Underperformance: KRN Heat Exchanger underperformed both the Sensex and its sector peers consistently throughout the week, indicating company-specific challenges beyond broader market weakness.
Rating Downgrade: The Mojo Grade downgrade to Sell and a Mojo Score of 48.0 reflect cautious market sentiment and concerns over the stock’s near-term prospects.
Conclusion
KRN Heat Exchanger and Refrigeration Ltd’s share price decline of 15.49% over the week ending 23 January 2026 underscores a period of pronounced weakness driven by valuation pressures, technical bearishness, and market sentiment challenges. While the company’s financial performance remains strong, with significant sales and profit growth, these fundamentals have yet to be reflected in the stock price. The persistent trading below all key moving averages and the downgrade to a Sell rating by MarketsMOJO highlight the hurdles the stock faces in reversing its downward trend amid a cautious market environment.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
