Key Events This Week
Jan 19: Stock opens strong at Rs.120.75 (+2.68%)
Jan 20: Intraday low hit at Rs.110.20 amid sharp 6.67% drop
Jan 22: Positive momentum returns with 2.95% gain to Rs.116.85
Jan 23: Week closes at Rs.112.70 (-3.55%)
Monday, 19 January: Strong Start Amid Market Weakness
Mufin Green Finance Ltd began the week on a positive note, closing at Rs.120.75, up 2.68% from the previous Friday’s close of Rs.117.60. This gain was notable as it contrasted with the Sensex’s decline of 0.49% to 36,650.97. The stock’s volume of 56,435 shares indicated healthy investor interest. This initial strength suggested resilience despite a cautious broader market environment.
Tuesday, 20 January: Sharp Intraday Decline Amid Price Pressure
The stock faced significant selling pressure on 20 January, closing at Rs.112.70, down 6.67% from Monday’s close. Intraday, it touched a low of Rs.110.20, marking an 8.74% drop from the previous close. This steep decline was sharper than the Sensex’s 1.82% fall to 35,984.65 and the NBFC sector’s 2.48% drop, highlighting stock-specific weakness. The day’s volatility was high, with intraday price swings reflecting uncertainty among investors.
Technical analysis showed the stock trading below its 5-day, 20-day, and 50-day moving averages, signalling short-term weakness despite remaining above longer-term averages. The broader market’s risk-off mood, combined with profit-taking after recent gains, likely contributed to the pressure. The stock’s Mojo Score remained at 57.0 with a Hold rating, reflecting a cautious stance amid mixed signals.
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Wednesday, 21 January: Mild Recovery Amid Continued Market Decline
On 21 January, Mufin Green Finance Ltd edged up 0.71% to close at Rs.113.50, recovering slightly from the previous day’s sharp fall. This modest gain came despite the Sensex declining a further 0.47% to 35,815.26. The stock’s volume of 61,963 shares suggested steady trading interest. Technical indicators such as the MACD remained bullish on weekly and monthly charts, supporting the mild positive momentum. However, the Relative Strength Index (RSI) remained neutral, indicating no immediate overbought or oversold conditions.
Thursday, 22 January: Positive Momentum Returns with Strong Gain
The stock rebounded strongly on 22 January, gaining 2.95% to close at Rs.116.85. This outperformance contrasted with the Sensex’s 0.76% rise to 36,088.66, signalling renewed investor confidence in Mufin Green Finance Ltd. The volume was notably lower at 9,292 shares, suggesting the move was driven by selective buying rather than broad market participation. The stock’s price approached its 52-week high of Rs.126.15, supported by bullish Bollinger Bands and moving averages.
Despite this positive shift, some technical oscillators such as the Know Sure Thing (KST) and Dow Theory remained mildly bearish, cautioning against overextension. The On-Balance Volume (OBV) indicator showed bullish trends on monthly charts but lacked clear direction weekly, reflecting mixed volume dynamics.
Friday, 23 January: Week Ends on a Weak Note
The week concluded with a 3.55% decline to Rs.112.70 on 23 January, as the stock fell alongside a 1.33% drop in the Sensex to 35,609.90. The volume of 24,458 shares indicated moderate trading activity. This late-week weakness erased some of the midweek gains, leaving the stock down 4.17% for the week compared to the Sensex’s 3.31% fall. The stock’s Hold rating and Mojo Score of 57.0 reflect the balance of positive momentum signals and cautionary technical indicators.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.120.75 | +2.68% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.112.70 | -6.67% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.113.50 | +0.71% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.116.85 | +2.95% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.112.70 | -3.55% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: The stock demonstrated resilience by opening the week strongly and recovering midweek with a 2.95% gain on 22 January. Technical indicators such as MACD and moving averages support a cautiously bullish momentum, while the stock’s long-term returns remain robust, with a five-year gain exceeding 3,200%.
Cautionary Factors: The sharp intraday decline on 20 January and the week’s overall 4.17% loss highlight volatility and short-term pressure. Mixed technical signals from oscillators like KST and Dow Theory, alongside neutral RSI readings, suggest potential for short-term corrections. The stock’s underperformance relative to the Sensex this week underscores the need for vigilance amid broader market weakness.
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Conclusion
Mufin Green Finance Ltd’s week was marked by volatility and mixed technical signals, culminating in a 4.17% decline that slightly underperformed the Sensex’s 3.31% fall. The stock’s sharp intraday drop on 20 January reflected immediate selling pressure amid a cautious market environment, while subsequent gains midweek indicated a partial recovery supported by positive momentum indicators. The Hold rating and Mojo Score of 57.0 encapsulate this balance of risk and opportunity.
Investors should monitor the stock’s technical developments closely, particularly oscillators and volume trends, to gauge the sustainability of the recent momentum shift. The company’s strong long-term performance and relative resilience within the NBFC sector remain important considerations amid ongoing market uncertainty.
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