Key Events This Week
09 Feb: Stock opens at ₹1,745.15, gaining 1.76%
10 Feb: MarketsMOJO upgrades rating to Buy; stock surges 2.85% to ₹1,794.90
11 Feb: Continued strong gains with 3.84% rise to ₹1,863.75
12 Feb: Price stabilises at ₹1,863.90 (+0.01%) amid Sensex decline
13 Feb: Profit booking leads to 2.31% drop to ₹1,820.90
09 February 2026: Strong Opening Amid Positive Market Sentiment
The week began on a positive note with Narayana Hrudayalaya Ltd closing at ₹1,745.15, up 1.76% from the previous Friday’s close of ₹1,714.95. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, signalling early investor enthusiasm. The volume of 10,317 shares traded indicated moderate participation as the stock set the tone for the week ahead.
10 February 2026: MarketsMOJO Upgrade Spurs 2.85% Rally
On 10 Feb, the stock surged 2.85% to ₹1,794.90, buoyed by MarketsMOJO’s upgrade of Narayana Hrudayalaya Ltd from a Hold to a Buy rating. This upgrade was driven by improved technicals and strong fundamentals, including a robust Q2 FY25-26 performance with net sales of ₹1,643.79 crores and a PBDIT of ₹402.50 crores. The company’s return on capital employed (ROCE) of 23.62% and low debt-to-EBITDA ratio of 0.46 times underscored its financial strength. Despite an elevated valuation with a P/E of 42.11, the upgrade reflected confidence in sustained growth and operational efficiency.
11 February 2026: Technical Momentum Shift Supports 3.84% Gain
The positive momentum continued on 11 Feb as the stock climbed 3.84% to ₹1,863.75, marking the week’s high close. Technical indicators shifted from sideways to mildly bullish, supported by daily moving averages and a bullish monthly Know Sure Thing (KST) indicator. While weekly MACD remained bearish, the overall technical landscape suggested improving medium-term momentum. The Relative Strength Index (RSI) remained neutral, indicating the stock was neither overbought nor oversold. Volume surged to 45,895 shares, reflecting increased investor interest amid this technical transition.
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12 February 2026: Price Consolidation Amid Sensex Decline
On 12 Feb, Narayana Hrudayalaya’s price stabilised at ₹1,863.90, a marginal gain of 0.01%, while the Sensex declined 0.56% to 37,049.40. This relative resilience amid broader market weakness highlighted the stock’s defensive qualities. Technical indicators showed mixed signals with weekly Bollinger Bands mildly bearish but monthly bands mildly bullish, suggesting consolidation with potential upside. Volume moderated to 20,374 shares, reflecting a pause in the strong upward trend.
13 February 2026: Profit Booking Triggers 2.31% Pullback
The week concluded with a 2.31% decline to ₹1,820.90 on 13 Feb, as profit booking emerged amid a broader market sell-off. The Sensex fell 1.40% to 36,532.48, indicating a risk-off environment. Despite the pullback, the stock maintained a solid weekly gain of 6.18%, outperforming the benchmark by over 6.7 percentage points. Volume of 16,760 shares suggested moderate selling pressure but no panic exit.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.1,745.15 | +1.76% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.1,794.90 | +2.85% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.1,863.75 | +3.84% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.1,863.90 | +0.01% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.1,820.90 | -2.31% | 36,532.48 | -1.40% |
Key Takeaways from the Week
Strong Fundamental Upgrade: The MarketsMOJO upgrade to Buy on 9 Feb was a pivotal event, reflecting improved technicals and robust fundamentals including a 23.62% ROCE and healthy operating profit growth of 82.18% annualised. This upgrade catalysed investor interest and price appreciation early in the week.
Mildly Bullish Technical Momentum: The shift from sideways to mildly bullish technical indicators, supported by daily moving averages and monthly KST, signalled potential for sustained upward movement. However, mixed signals from weekly MACD and Bollinger Bands suggest cautious optimism.
Valuation Reassessment: The stock’s valuation moved from fair to expensive, with a P/E of 42.11 and PEG ratio of 4.39, indicating that much of the growth is priced in. Despite this, the company’s operational efficiency and long-term returns justify the premium valuation relative to peers.
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Conclusion: A Week of Outperformance Amid Mixed Signals
Narayana Hrudayalaya Ltd’s 6.18% weekly gain against a 0.54% decline in the Sensex highlights a strong relative performance driven by fundamental upgrades and improving technical momentum. The MarketsMOJO Buy rating upgrade and robust quarterly financials provided a solid foundation for the rally, while the technical shift to mildly bullish suggests potential for further gains. However, the elevated valuation metrics and mixed short-term technical signals counsel prudence. The stock’s ability to sustain momentum will depend on continued operational performance and broader market conditions. Overall, the week marked a positive phase for Narayana Hrudayalaya, reinforcing its position as a quality mid-cap healthcare stock with growth credentials.
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