Key Events This Week
2 Feb: Mojo Grade upgraded to Hold on strong financial recovery
3 Feb: Technical momentum shifts to mildly bearish amid mixed signals
5 Feb: Signs of stabilisation with sideways technical trend
6 Feb: Mildly bearish momentum resumes; stock closes at Rs.839.30
Monday, 2 February: Upgrade to Hold on Strong Financial and Technical Recovery
Nitta Gelatin India Ltd began the week with a 1.27% decline to close at Rs.834.90, despite the MarketsMOJO upgrade from Sell to Hold effective 1 February 2026. This upgrade was driven by the company’s robust quarterly financial performance, including net sales of ₹149.72 crores and a PBDIT of ₹37.87 crores for Q3 FY25-26. Operating margins peaked at 25.29%, and net profit after tax rose to ₹25.58 crores, reflecting improved operational efficiency. The valuation adjusted to a fair level with a PE ratio of 9.72 and a price-to-book of 1.73, signalling reasonable pricing relative to peers.
Technically, the stock showed a shift from a mildly bearish trend to sideways momentum, supported by a mildly bullish weekly MACD and bullish Bollinger Bands on weekly and monthly charts. However, daily moving averages remained mildly bearish, indicating short-term caution. The Mojo Score of 51.0 and Market Cap Grade of 4 reinforced a Hold rating, reflecting balanced fundamentals and technical outlook.
Tuesday, 3 February: Technical Momentum Turns Mildly Bearish Amid Mixed Market Signals
The stock rebounded modestly to Rs.836.40 (+0.18%) on 3 February, while the Sensex surged 2.63%. Despite the positive market environment, Nitta Gelatin’s technical momentum shifted from sideways to mildly bearish. The daily moving averages turned bearish, and the weekly MACD confirmed weakening short-term momentum. RSI readings remained neutral, indicating no overbought or oversold conditions. Bollinger Bands suggested a sideways weekly pattern but a mildly bullish monthly bias.
The Know Sure Thing (KST) indicator was bearish weekly but bullish monthly, while Dow Theory assessments remained mildly bullish. This divergence highlighted a transitional phase with short-term pressures balanced by longer-term support. The stock’s intraday volatility increased, trading between Rs.814.15 and Rs.880.00, reflecting investor uncertainty amid mixed signals.
This week's disclosed pick, a Large Cap from NBFC, comes with precise Target Price and analysis. Check if you're positioned right for this opportunity!
- - Precise target price set
- - Weekly selection live
- - Position check opportunity
Wednesday, 4 February: Modest Gains Amid Consolidation
On 4 February, Nitta Gelatin’s stock price rose 0.52% to Rs.840.75, slightly outperforming the Sensex’s 0.37% gain. Technical indicators suggested a stabilisation phase with the technical trend remaining sideways. Weekly MACD turned mildly bullish, while monthly MACD remained mildly bearish. RSI readings continued to show neutrality, and Bollinger Bands on both weekly and monthly charts indicated mild bullishness. The stock’s volume was relatively low at 860 shares, reflecting subdued trading activity during this consolidation.
Thursday, 5 February: Signs of Stabilisation with Sideways Technical Trend
The stock closed at Rs.827.00 on 5 February, down 1.64%, while the Sensex declined 0.53%. Technical momentum shifted back to a mildly bearish stance after a brief sideways phase. Daily moving averages remained bearish, and weekly MACD was mildly bullish but offset by a bearish monthly MACD. RSI readings stayed neutral, and Bollinger Bands showed mixed signals with weekly bands bearish and monthly bands mildly bullish. The Know Sure Thing (KST) indicator was bearish weekly but bullish monthly, reinforcing the mixed momentum picture.
Despite the short-term weakness, the stock’s relative performance remained strong compared to the Sensex, with one-week returns at 8.39% versus the Sensex’s 1.79% gain over a longer horizon. The Mojo Grade upgrade to Hold and a Mojo Score of 51.0 continued to support a cautious but watchful stance among investors.
Why settle for Nitta Gelatin India Ltd? SwitchER evaluates this micro-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
Friday, 6 February: Mildly Bearish Momentum Resumes
The week concluded with the stock closing at Rs.839.30, up 1.49% on the day but down 0.75% for the week. Technical momentum shifted again to a mildly bearish stance, with daily moving averages indicating weakening short-term momentum. Weekly MACD remained bearish, while monthly MACD was mildly bearish, reflecting cautious medium- and long-term outlooks. The Know Sure Thing (KST) indicator was bearish weekly but bullish monthly, and Dow Theory assessments remained mildly bullish, suggesting underlying resilience despite short-term pressures.
RSI readings stayed neutral, and Bollinger Bands showed bearish weekly but mildly bullish monthly signals. The stock’s intraday range was between Rs.821.80 and Rs.844.00, indicating consolidation within a broad trading band. Despite the technical caution, Nitta Gelatin’s relative performance against the Sensex remained strong, with one-year returns of 10.27% versus the Sensex’s 6.44%, and five-year returns exceeding 376% compared to the Sensex’s 64.22%.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.834.90 | -1.27% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.836.40 | +0.18% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.840.75 | +0.52% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.827.00 | -1.64% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.839.30 | +1.49% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The MarketsMOJO upgrade to Hold reflects improved financial performance and stabilising technical momentum. Quarterly results showed strong sales and profitability gains, with operating margins reaching 25.29%. The stock’s valuation is fair relative to peers, supported by a PE of 9.72 and a price-to-book of 1.73. Longer-term returns remain robust, with five- and ten-year gains far exceeding the Sensex.
Cautionary Signals: Technical indicators presented a mixed picture throughout the week, with momentum oscillating between sideways and mildly bearish. Daily moving averages and weekly MACD showed short-term weakness, while monthly indicators suggested mild bullishness. The stock’s volume was relatively low on some days, indicating subdued trading interest. The stock underperformed the Sensex for the week, declining 0.75% versus a 1.51% gain in the benchmark.
Investors should monitor key technical levels near Rs.814 support and Rs.880 resistance, alongside momentum indicators such as MACD and KST, to gauge the stock’s next directional move. The Hold rating and Mojo Score of 51.0 suggest a balanced risk-reward profile amid evolving market conditions.
Conclusion
Nitta Gelatin India Ltd’s week was characterised by a nuanced interplay of technical momentum shifts and fundamental improvements. The upgrade to a Hold rating by MarketsMOJO on 1 February 2026 was underpinned by strong quarterly financials and stabilising valuation metrics. However, the stock’s price action reflected mixed technical signals, with short-term bearishness offset by longer-term bullish trends. Despite a modest weekly decline of 0.75%, the stock continues to outperform the Sensex over extended periods, highlighting its resilience within the specialty chemicals sector.
As the stock consolidates within a broad trading range, investors are advised to maintain a watchful stance, balancing the positive fundamental backdrop against the cautious technical outlook. Confirmation of a sustained breakout above resistance or a breakdown below support will be critical in defining the stock’s near-term trajectory.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
