Key Events This Week
Jan 27: Stock opens week at Rs.6.53, down 4.53% as Sensex rises 0.50%
Jan 28: NB Footwear hits 52-week low of Rs.6.23 amid sector outperformance
Jan 29: Further 52-week low at Rs.6.13, continuing downtrend despite Sensex gains
Jan 30: Stock rebounds 4.89% to Rs.6.43 after Q2 FY26 results reveal deepening crisis
Monday, 27 January 2026: Weak Start Amid Market Strength
NB Footwear began the week at Rs.6.53, a decline of 4.53% from the previous Friday’s close of Rs.6.84. This drop contrasted sharply with the Sensex’s 0.50% gain to 35,786.84 points, signalling early weakness in the stock despite broader market optimism. The volume of 16,400 shares traded indicated moderate investor activity. The divergence suggested company-specific concerns were outweighing positive market sentiment.
Tuesday, 28 January 2026: New 52-Week Low Amid Sector Outperformance
On 28 January, NB Footwear’s shares fell further to Rs.6.34, down 2.91% on the day, and reached a fresh 52-week low of Rs.6.23 intraday. This decline occurred despite the Sensex surging 1.12% to 36,188.16, driven by mega-cap stocks. The leather sector itself gained 4.51%, highlighting NB Footwear’s relative underperformance within its industry. The stock’s persistent slide below all key moving averages underscored sustained selling pressure and a lack of short-term momentum.
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Wednesday, 29 January 2026: Continued Downtrend and Fresh 52-Week Low
The downtrend deepened on 29 January as NB Footwear’s stock hit a new 52-week low of Rs.6.13, closing the day at this level after a 3.31% decline. This marked the third consecutive session of losses, cumulatively eroding 10.38% of value since Monday. The Sensex, meanwhile, advanced 0.22% to 36,266.59, maintaining its upward trajectory. The stock’s technical position remained weak, trading below all major moving averages, signalling persistent bearish momentum. The company’s financial fundamentals continued to weigh on sentiment, with flat net sales growth and negative EBITDA compounding concerns.
Thursday, 30 January 2026: Modest Recovery After Q2 FY26 Results
NB Footwear rebounded on the final trading day of the week, gaining 4.89% to close at Rs.6.43 on relatively low volume of 3,800 shares. This recovery followed the release of Q2 FY26 results, which revealed an operational shutdown that has exacerbated the company’s financial crisis. Despite the modest bounce, the stock remains well below its opening price for the week and continues to lag the Sensex, which declined 0.22% to 36,185.03. The results highlighted ongoing challenges in profitability and operational stability, reinforcing the cautious outlook.
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Daily Price Comparison: NB Footwear vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.6.53 | -4.53% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.6.34 | -2.91% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.6.13 | -3.31% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.6.43 | +4.89% | 36,185.03 | -0.22% |
Key Takeaways from the Week
Negative Price Momentum: NB Footwear’s shares declined 5.99% over the week, hitting new 52-week lows on 28 and 29 January, signalling sustained bearish sentiment despite a rising Sensex.
Financial and Operational Challenges: The company’s flat net sales growth, negative EBITDA, and recent operational shutdown reported in Q2 FY26 results have deepened concerns about its financial health and future prospects.
Technical Weakness: Trading below all major moving averages throughout the week, the stock’s technical indicators reflect persistent selling pressure and lack of short- to medium-term recovery signals.
Market and Sector Divergence: While the leather sector and broader market showed strength, NB Footwear’s underperformance highlights company-specific issues rather than sector-wide weakness.
Strong Sell Rating Maintained: The Mojo Score of 12.0 and a Strong Sell grade reaffirm the cautious stance on the stock, reflecting its deteriorating fundamentals and elevated risk profile.
Conclusion
NB Footwear Ltd.’s performance this week underscores the significant challenges it faces amid a broadly positive market environment. The stock’s sharp decline to fresh 52-week lows, coupled with weak financial results and operational disruptions, has reinforced bearish sentiment. Despite a modest recovery on the final trading day, the company remains under pressure technically and fundamentally. Investors should note the divergence from sector and market trends, as NB Footwear’s struggles appear rooted in company-specific issues. The Strong Sell rating and low Mojo Score further highlight the elevated risks associated with this stock at present.
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