Key Events This Week
Feb 9: Stock opens at Rs.36.00, down 4.31% amid broader market gains
Feb 10: Sharp rebound with 10.28% gain to Rs.39.70
Feb 11: Quarterly results reveal deepening losses; stock surges 7.13% to Rs.42.53
Feb 12: Negative financial trend confirmed; stock retreats 5.74% to Rs.40.09
Feb 13: Week closes at Rs.38.69, down 3.49% on final session
9 February: Weak Start Amid Market Optimism
The week began with Madhav Marbles closing at Rs.36.00, a decline of 4.31% from the previous Friday’s close of Rs.37.62. This drop occurred despite the Sensex rallying 1.04% to 37,113.23, indicating early investor caution towards the stock. The low volume of 500 shares traded suggested limited conviction in the sell-off, possibly reflecting anticipation of upcoming quarterly results.
10 February: Sharp Recovery on Speculative Buying
On 10 February, the stock rebounded strongly, gaining 10.28% to close at Rs.39.70. This surge outpaced the Sensex’s modest 0.25% gain, signalling renewed buying interest. However, the low volume of 44 shares traded pointed to speculative activity rather than broad-based investor enthusiasm. The rally set the stage for the release of quarterly results the following day.
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11 February: Quarterly Results Reveal Deepening Losses Amid Stock Surge
Madhav Marbles announced its Q3 FY26 results on 11 February, revealing a sharp deterioration in financial performance. Net sales plunged to ₹6.60 crores, marking a multi-quarter low, while profit before tax excluding other income plunged to a loss of ₹1.31 crores, a decline of 835.71% from the previous quarter. Earnings per share turned negative at ₹-0.55, signalling a challenging period for the company.
Despite these disappointing fundamentals, the stock price rose 7.13% to close at Rs.42.53, supported by heavy volume of 10,807 shares. This paradoxical price action reflected investor indecision and possible short-term speculative interest, as the stock traded within a wide intraday range. The stock’s resilience above its 52-week low of Rs.34.70 suggested some underlying support despite the negative news.
12 February: Negative Financial Trend Confirmed, Stock Retreats
The following day, the company’s deteriorating financial trend was further highlighted by a MarketsMOJO Mojo Score of 9.0, categorised as a Strong Sell. The financial trend score dropped from -4 to -8 over the last three months, underscoring mounting concerns about liquidity and operational challenges. Cash and cash equivalents stood at a low ₹0.23 crores at the half-year mark, raising questions about near-term flexibility.
In response, the stock price corrected 5.74% to Rs.40.09 on volume of 1,184 shares, underperforming the Sensex which declined 0.56%. This pullback reflected a reassessment of the company’s fundamentals amid growing caution among investors.
13 February: Week Ends with Modest Loss on Final Session
The week concluded with Madhav Marbles closing at Rs.38.69, down 3.49% on the day and 2.84% higher than the week’s opening price. The Sensex fell 1.40% to 36,532.48, meaning the stock outperformed the benchmark by a significant margin over the week. Volume of 980 shares indicated moderate trading interest as investors digested the mixed signals from the company’s financials and market performance.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.36.00 | -4.31% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.39.70 | +10.28% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.42.53 | +7.13% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.40.09 | -5.74% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.38.69 | -3.49% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock outperformed the Sensex by 3.38% over the week, demonstrating resilience despite negative quarterly results. The sharp rebound on 10 and 11 February showed pockets of investor interest and speculative buying, with the stock reaching a weekly high of Rs.42.53.
Cautionary Signals: The company’s financials revealed a steep decline in revenue and profitability, with losses deepening and liquidity tightening. The Mojo Score of 9.0 (Strong Sell) and worsening financial trend score highlight significant near-term risks. The stock’s volatility and volume fluctuations suggest uncertainty and lack of sustained confidence.
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Conclusion
Madhav Marbles and Granites Ltd’s week was defined by a volatile stock price that ultimately posted a modest gain of 2.84%, outperforming the Sensex’s 0.54% decline. However, this price action belies the underlying financial challenges revealed in the quarterly results, including a sharp revenue slump and deepening losses. The company’s deteriorating financial trend and strong sell rating underscore the risks ahead.
Investors should weigh the short-term price volatility against the fundamental headwinds, including liquidity constraints and operational pressures. While the stock’s resilience above recent lows offers some support, the negative earnings trajectory and cautious market sentiment suggest a need for prudence in the near term.
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