Key Events This Week
09 Feb: Stock opens at Rs.13.24, up 3.92%
12 Feb: New 52-week and all-time low hit at Rs.11.5
13 Feb: Stock rebounds to Rs.12.81, gaining 5.17%
09 February 2026: Strong Start with 3.92% Gain
Mihika Industries Ltd began the week on a positive note, closing at Rs.13.24, a 3.92% increase from the previous Friday’s close of Rs.12.74. This rise outpaced the Sensex’s 1.04% gain to 37,113.23 points, signalling early optimism. The volume of 2,859 shares traded was relatively healthy, suggesting investor interest despite the company’s longer-term challenges.
10 February 2026: Moderate Gains Amid Low Volume
The stock continued its upward trajectory on 10 February, closing at Rs.13.36, up 0.91%. However, trading volume dropped sharply to 402 shares, indicating subdued market participation. The Sensex also advanced modestly by 0.25% to 37,207.34 points. The limited volume may reflect cautious sentiment given the company’s fundamental concerns.
11 February 2026: Profit Taking Leads to 2.92% Decline
On 11 February, Mihika Industries Ltd reversed course, falling 2.92% to close at Rs.12.97. This decline contrasted with the Sensex’s marginal 0.13% gain to 37,256.72 points. The volume of 2,763 shares suggests that investors were taking profits or reacting to emerging concerns ahead of the significant drop the following day.
12 February 2026: New 52-Week and All-Time Low at Rs.11.5
The most notable event of the week occurred on 12 February, when Mihika Industries Ltd’s stock plunged 6.09% to Rs.12.18 during the day and ultimately closed at a new 52-week and all-time low of Rs.11.5, representing a 5.55% decline on the day. This sharp fall came amid a broader market downturn, with the Sensex declining 0.56% to 37,049.40 points. The stock’s underperformance was stark, falling 5.76% more than its sector peers and signalling sustained bearish momentum.
This decline marked a continuation of the stock’s prolonged downtrend, with a 14.08% loss over the past week and a 46.37% drop over the last year, significantly lagging the Sensex’s 10.01% gain in the same period. The stock’s technical position remains weak, trading below all major moving averages, and its financial metrics continue to deteriorate, including negative EBITDA and an average EBIT to interest ratio of -1.61, indicating poor debt servicing capacity.
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13 February 2026: Rebound with 5.17% Gain
Following the sharp decline, Mihika Industries Ltd rebounded strongly on 13 February, closing at Rs.12.81, a 5.17% increase from the previous day’s close. This recovery occurred despite the Sensex falling 1.40% to 36,532.48 points, reflecting the stock’s relative resilience amid broader market weakness. The volume of 2,024 shares traded was moderate, suggesting some renewed buying interest after the prior day’s sell-off.
Despite this bounce, the stock remains under pressure from weak fundamentals and a challenging sector environment. The company’s financial health continues to be a concern, with operating losses and a steep 131% decline in profits over the past year. The Mojo Score of 17.0 and a ‘Strong Sell’ rating from MarketsMOJO underscore the cautious outlook.
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Daily Price Comparison: Mihika Industries Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.13.24 | +3.92% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.13.36 | +0.91% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.12.97 | -2.92% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.12.18 | -6.09% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.12.81 | +5.17% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock’s 0.55% weekly gain and 5.17% rebound on the final trading day demonstrate some resilience despite fundamental weaknesses. Positive net sales growth over recent quarters and a modest operating profit growth rate of 7.50% over five years indicate underlying revenue strength.
Cautionary Signals: Mihika Industries Ltd’s fall to a new 52-week and all-time low on 12 February highlights persistent challenges. The stock’s steep 46.37% decline over the past year and negative profitability metrics, including a 131% drop in profits and negative EBITDA, underscore financial stress. The average EBIT to interest ratio of -1.61 signals poor debt servicing capacity. The ‘Strong Sell’ rating and low Mojo Score of 17.0 reflect these concerns.
The stock’s technical position remains weak, trading below all major moving averages, and it continues to underperform the Sensex and its sector peers. The majority non-institutional shareholding may contribute to volatility and liquidity constraints.
Conclusion
Mihika Industries Ltd’s week was marked by volatility, with a sharp drop to an all-time low followed by a partial recovery. While the stock marginally outperformed the Sensex over the week, the underlying financial and technical indicators remain negative. The company’s ongoing operating losses, deteriorating profitability, and weak debt servicing capacity present significant headwinds. Despite some positive sales trends, these have yet to translate into improved earnings or sustained price momentum. Investors should note the ‘Strong Sell’ rating and cautious outlook reflected in the Mojo Score as the stock navigates a challenging environment within the Trading & Distributors sector.
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