Key Events This Week
2 Feb: Stock opens at Rs.225, down 3.43% amid broader market weakness
3 Feb: Sharp rebound to Rs.241.90 (+7.51%) following upgrade to Hold
4 Feb: Continued gains to Rs.249 (+2.94%) on technical momentum shift
6 Feb: Week closes at Rs.241.95 (-2.91%) after minor profit-taking
2 February 2026: Weak Start Amid Market Downturn
The week began on a subdued note for Nahar Polyfilms, with the stock closing at Rs.225.00, down 3.43% from the previous Friday’s close of Rs.233.00. This decline was in line with the broader market, as the Sensex fell 1.03% to 35,814.09. The stock’s volume was notably low at 10 lakh shares, reflecting cautious investor sentiment amid a weak market environment. The initial drop set a challenging tone, but the stock was poised for a rebound as investors awaited fresh catalysts.
3 February 2026: Upgrade to Hold Spurs Sharp Rally
On 3 February, Nahar Polyfilms surged 7.51% to close at Rs.241.90, significantly outperforming the Sensex’s 2.63% gain. This sharp rally was triggered by MarketsMOJO’s upgrade of the stock’s rating from Sell to Hold, citing improved fundamentals and valuation metrics. The Mojo Score rose to 54.0, reflecting a more balanced outlook driven by better technical indicators and steady financial performance. The upgrade highlighted the stock’s attractive valuation, with a price-to-earnings ratio of 9.73 and a low enterprise value to EBITDA of 7.19, positioning it favourably against sector peers.
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4 February 2026: Technical Momentum Shift Drives Further Gains
The positive momentum continued on 4 February as the stock advanced another 2.94% to Rs.249.00, reaching the week’s high of Rs.249.20 on 5 February. This move was supported by a notable shift in technical indicators, with the stock’s daily moving averages turning mildly bearish but showing signs of stabilisation. The weekly MACD remained bearish, yet the monthly MACD softened to mildly bearish, suggesting a potential medium-term recovery. The Relative Strength Index (RSI) remained neutral, indicating consolidation rather than overextension.
Bollinger Bands and the Know Sure Thing (KST) indicator presented mixed signals, bearish on weekly charts but bullish monthly, reflecting a cautious but improving trend. Dow Theory readings were mildly bullish weekly, hinting at a possible base formation. However, the On-Balance Volume (OBV) showed no clear trend, signalling that volume support was not yet strong enough to confirm a sustained rally.
5 February 2026: Consolidation Near Weekly High
On 5 February, the stock price remained steady, closing marginally higher by 0.08% at Rs.249.20. The Sensex declined 0.53% on the day, underscoring the stock’s relative strength. Trading volume was moderate at 35 lakh shares, indicating some profit-taking but no significant selling pressure. This consolidation near the weekly peak suggested investors were digesting the recent gains while awaiting further confirmation of trend direction.
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6 February 2026: Minor Profit-Taking Ends Week Slightly Lower
The week concluded with a 2.91% decline to Rs.241.95 on 6 February, as some investors booked profits after the strong midweek rally. The Sensex edged up 0.10% to 36,730.20, indicating a relatively flat market environment. Volume increased to 118 lakh shares, reflecting heightened trading activity. Despite the pullback, the stock closed the week well above its opening level, marking a 7.53% gain from Rs.225.00 on 2 February. This performance outpaced the Sensex’s 2.53% rise over the same period, underscoring Nahar Polyfilms’ relative strength amid mixed market conditions.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.225.00 | -3.43% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.241.90 | +7.51% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.249.00 | +2.94% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.249.20 | +0.08% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.241.95 | -2.91% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The MarketsMOJO upgrade to Hold on 3 February was a pivotal event, reflecting improved fundamentals and valuation attractiveness. The stock’s price-to-earnings ratio of 9.73 and enterprise value to EBITDA of 7.19 position it favourably against peers. Technical indicators showed a shift from bearish to mildly bearish, with monthly charts hinting at stabilisation. The stock outperformed the Sensex by over 5 percentage points during the week, demonstrating resilience amid mixed market conditions.
Cautionary Notes: Despite the upgrade and price gains, technical momentum remains mixed with bearish weekly MACD and neutral RSI readings. The On-Balance Volume indicator shows no clear trend, suggesting limited volume support behind recent rallies. The stock’s long-term growth remains modest, with operating profit increasing at an annualised rate of 4.27% over five years. Institutional interest is limited, as reflected by a mere 0.03% holding by domestic mutual funds, indicating cautious sentiment among larger investors.
Overall, Nahar Polyfilms Ltd’s week was characterised by a significant technical and fundamental reassessment, leading to a cautious but positive outlook. The stock’s ability to outperform the benchmark amid mixed signals suggests potential for steady returns, though investors should monitor volume and momentum indicators closely for confirmation of sustained trend improvement.
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