Key Events This Week
2 Feb: Stock opens at Rs.535.40, surging 4.58% despite Sensex decline
3 Feb: Intraday high of Rs.595 reached with a 7.93% daily gain
4 Feb: Technical momentum shifts amid mixed signals, 7.73% gain
6 Feb: Mildly bullish technical outlook, closes at Rs.573.60 (-3.04%)
2 February 2026: Strong Start Despite Broader Market Weakness
Mayur Uniquoters began the week on a positive note, closing at Rs.535.40, up 4.58% from the previous close of Rs.511.95. This gain was particularly notable as the Sensex declined by 1.03% to 35,814.09. The stock’s resilience amid a broader market sell-off indicated early buying interest and set the tone for the week’s upward momentum. Volume was moderate at 3,851 shares, suggesting measured but confident participation.
3 February 2026: Intraday High and Gap-Up Reflect Positive Sentiment
On 3 February, Mayur Uniquoters surged 7.93% to close at Rs.577.85, hitting an intraday high of Rs.595. This represented an 11.13% increase from the previous day’s close, underscoring strong demand. The stock opened with a gap-up of 7.37%, signalling robust market optimism. This performance outpaced the footwear sector’s 5.12% gain and the Sensex’s 2.63% rise to 36,755.96. The day’s volume spiked to 50,525 shares, reflecting heightened trading activity.
Technical indicators supported this strength, with the stock trading above all key moving averages and a Mojo Grade upgrade from ‘Sell’ to ‘Hold’ on 27 January 2026. Despite some profit-taking that tempered the day’s final gain to 6.14%, the overall trend remained bullish, bolstered by a high beta of 1.35 which amplified price movements.
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4 February 2026: Technical Momentum Shift Amid Mixed Signals
The stock continued its upward trajectory on 4 February, gaining 7.73% to close at Rs.589.65, with an intraday high of Rs.605.00. This strong price action marked a shift from a mildly bearish to a sideways technical trend. While weekly MACD and Bollinger Bands indicated mild bullishness, monthly MACD and some daily moving averages remained bearish, reflecting a complex technical landscape.
RSI readings were neutral, suggesting balanced buying and selling pressures. On-Balance Volume (OBV) was mildly bullish weekly but bearish monthly, indicating short-term accumulation without long-term volume conviction. The Mojo Score improved to 58.0, maintaining the ‘Hold’ rating, consistent with the observed technical stabilisation. The stock’s performance continued to outpace the Sensex, which rose only 0.37% that day.
5 February 2026: Marginal Gains Amid Market Volatility
On 5 February, Mayur Uniquoters posted a modest gain of 0.33%, closing at Rs.591.60. The Sensex declined 0.53% to 36,695.11, highlighting the stock’s relative strength. Volume was subdued at 4,720 shares, indicating a pause in momentum. The stock remained above key moving averages, but daily technical indicators suggested caution as the market digested recent gains.
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6 February 2026: Mildly Bullish Technical Outlook Despite Price Decline
The week concluded with a 3.04% decline to Rs.573.60 on 6 February, on relatively low volume of 4,007 shares. Despite the drop, technical momentum shifted from sideways to mildly bullish. Weekly MACD, Bollinger Bands, OBV, and Dow Theory signals supported this positive stance, while monthly indicators remained cautious. The stock closed near the upper Bollinger Band with intraday volatility between Rs.583.45 and Rs.604.50.
The Mojo Score improved further to 68.0, with the ‘Hold’ rating reaffirmed. Mayur Uniquoters outperformed the Sensex’s marginal 0.10% gain, underscoring its resilience. The stock’s 52-week range of Rs.434.90 to Rs.629.30 suggests room for appreciation if bullish momentum sustains.
Daily Price Comparison: Mayur Uniquoters vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.535.40 | +4.58% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.577.85 | +7.93% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.589.65 | +2.04% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.591.60 | +0.33% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.573.60 | -3.04% | 36,730.20 | +0.10% |
Key Takeaways
Outperformance: Mayur Uniquoters outpaced the Sensex by a wide margin, gaining 12.04% versus the benchmark’s 1.51% rise, driven by strong sectoral tailwinds and positive technical developments.
Technical Momentum: The stock’s technical momentum evolved from bearish to sideways and finally to mildly bullish by week’s end, supported by improved MACD, Bollinger Bands, and OBV readings on weekly charts.
Volatility and Beta: With a high beta of 1.35, the stock exhibited amplified price swings, including a notable intraday high of Rs.595 on 3 February, reflecting heightened investor interest and risk.
Mixed Indicator Signals: While weekly indicators leaned bullish, monthly signals remained cautious, suggesting that the stock is in a transitional phase requiring close monitoring for confirmation of sustained trends.
Mojo Grade Upgrade: The upgrade from ‘Sell’ to ‘Hold’ and a rising Mojo Score from 55.0 to 68.0 during the week reflect improving market sentiment and technical strength.
Conclusion
Mayur Uniquoters Ltd’s week was marked by strong price appreciation and evolving technical momentum that outperformed the broader market. The stock’s ability to maintain gains amid mixed technical signals and sectoral strength highlights a cautiously optimistic outlook. While volatility remains a factor due to its high beta, the improved Mojo Grade and positive weekly indicators suggest that the stock is navigating a constructive phase. Investors should continue to monitor technical confirmations and volume trends to assess the durability of this momentum within the diversified consumer products sector.
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