Motisons Jewellers Surges 17.53%: Key Technical and Financial Shifts Drive Volatility

2 February: Upgrade to Hold on Improving Technicals and Financial Strength

Motisons Jewellers Ltd began the week with a cautious yet positive note as MarketsMOJO upgraded the stock from 'Sell' to 'Hold' on 1 February 2026. This upgrade was driven by a marked improvement in technical indicators, including a shift from bearish to mildly bearish momentum, and robust financial results. The stock closed at ₹11.41 on 2 February, down 0.95% intraday but reflecting stabilisation after recent volatility.

Technical analysis revealed a bullish Relative Strength Index (RSI) on weekly and monthly charts, suggesting emerging buying interest despite a still bearish Moving Average Convergence Divergence (MACD) on the weekly timeframe. The stock traded near its lower Bollinger Band, indicating potential oversold conditions. Financially, the company reported a strong Profit After Tax (PAT) growth of 76.09% over six months and an operating profit to interest coverage ratio of 23.48 times, underscoring solid fundamentals despite a challenging market backdrop.

3 February: Intraday Surge of 7.27% Amid Mixed Technical Signals

On 3 February, Motisons Jewellers Ltd demonstrated significant intraday strength, surging 7.27% to hit a day high, closing at ₹12.30, a 7.80% gain on the day. This rally outpaced the Gems, Jewellery and Watches sector’s 3.57% gain and the Sensex’s 2.63% rise, highlighting the stock’s relative strength. The price moved above its 5-day moving average, signalling short-term momentum, although it remained below longer-term averages.

Despite this positive price action, technical indicators remained mixed. The MACD stayed bearish on the weekly chart, while the RSI maintained a bullish stance, reflecting a complex momentum picture. The stock’s volume of 346,269 shares indicated healthy trading interest. This intraday surge was a key contributor to the stock’s weekly outperformance, signalling a potential short-term rebound within a broader downtrend.

4 February: Downgrade to Sell Amid Bearish Momentum and Weak Technicals

Following the prior day’s gains, Motisons Jewellers faced renewed selling pressure on 4 February, closing at ₹12.43, down 2.89%. MarketsMOJO downgraded the stock back to 'Sell' on 4 February, citing deteriorating technical indicators and disappointing long-term returns despite some positive financial metrics. The technical trend shifted from mildly bearish to outright bearish, with the MACD and Know Sure Thing (KST) indicators confirming increased downside risk.

Daily moving averages remained bearish, and Bollinger Bands suggested heightened volatility with the stock frequently touching lower bands. The Relative Strength Index (RSI) hovered in a neutral zone, indicating a lack of bullish momentum. Institutional ownership remained modest at 1.23%, with a slight increase of 0.64% over the previous quarter. The downgrade reflected caution amid mixed fundamentals and a challenging sector environment.

5 February: Price Consolidation and Mixed Signals

On 5 February, the stock price declined further to ₹12.43, continuing the correction phase with subdued volume of 61,694 shares. The technical outlook remained bearish, with no significant reversal signals. The stock traded below key moving averages, reinforcing the downtrend. Despite the negative price action, the company’s strong profitability metrics and low leverage continued to provide a fundamental cushion.

6 February: Strong Intraday Rally of 11.75% Closes Week on a High

Motisons Jewellers Ltd closed the week on a strong note with an intraday surge of 11.75%, closing at ₹13.54. This rally followed two days of declines and marked the highest price level of the week. The stock advanced above its 5-day and 20-day moving averages, signalling renewed short-term momentum, although it remained below longer-term averages. Despite the impressive gain, the stock underperformed its sector by 1.13% on the day.

The broader market, represented by the Sensex, rose modestly by 0.26%, supported by mega-cap stocks. Motisons’ weekly outperformance of 17.53% versus the Sensex’s 1.51% gain highlighted its volatile but resilient nature. The Mojo Score was downgraded to 46.0 with a 'Sell' grade on 4 February, reflecting ongoing challenges despite short-term price strength.

Daily Price Comparison: Motisons Jewellers vs Sensex

Key Takeaways

Positive Signals: The week saw a significant upgrade to 'Hold' early on, reflecting improved technical momentum and strong financial results, including a 76.09% PAT growth and robust interest coverage. Intraday rallies on 3 and 6 February demonstrated the stock’s capacity for sharp rebounds, with gains of 7.27% and 11.75% respectively. The stock outperformed the Sensex by over 16 percentage points for the week, signalling short-term resilience.

Cautionary Notes: Despite these gains, the stock’s technical indicators remained mixed to bearish, with MACD and moving averages signalling ongoing downward pressure. The downgrade back to 'Sell' midweek highlighted concerns over weak longer-term momentum and disappointing price returns over one year (-48.53%). Institutional ownership remains low, and the company’s modest sales growth contrasts with sector expectations. Volatility and price swings suggest that the stock remains vulnerable to market and sector headwinds.

Conclusion

Motisons Jewellers Ltd’s week was defined by sharp price movements and fluctuating technical assessments, culminating in a 17.53% weekly gain that substantially outpaced the Sensex. The initial upgrade to 'Hold' reflected improving fundamentals and technical stabilisation, while the subsequent downgrade to 'Sell' underscored persistent risks and bearish momentum. Intraday surges on 3 and 6 February highlighted the stock’s volatility and potential for short-term rebounds, though longer-term challenges remain evident.

Investors should weigh the company’s strong profitability and low leverage against its subdued sales growth and technical uncertainty. The stock’s performance this week illustrates a complex interplay of positive catalysts and cautionary signals, suggesting that while Motisons Jewellers may offer trading opportunities, it remains a stock requiring careful monitoring amid a mixed outlook.

Unlock special upgrade rates for a limited period. Start Saving Now →