Stock Performance and Market Context
On 9 Feb 2026, Nivaka Fashions Ltd’s share price touched Rs.2.04, the lowest level recorded in the past year. This represents a sharp decline from its 52-week high of Rs.5.37, translating to a drop of approximately 62%. The stock has been on a consistent downward trajectory, losing value for six consecutive trading sessions and delivering a negative return of -16.73% during this period.
In comparison, the Sensex opened higher at 84,177.51 points, gaining 597.11 points (0.71%) before trading slightly lower at 83,963.94 points (0.46%) during the day. The benchmark index is currently just 2.61% shy of its 52-week high of 86,159.02, supported by gains in mega-cap stocks. Over the last three weeks, the Sensex has risen by 2.98%, indicating a generally positive market environment contrasting with Nivaka Fashions’ performance.
Furthermore, Nivaka Fashions has underperformed its sector, lagging by 4.98% today. The stock is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling persistent bearish momentum.
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Financial Health and Profitability Metrics
Nivaka Fashions’ financial indicators reveal ongoing difficulties. The company reported operating losses, contributing to a weak long-term fundamental strength assessment. Its EBIT to interest coverage ratio stands at an average of -0.29, indicating challenges in servicing debt obligations effectively.
Profitability remains subdued, with an average Return on Equity (ROE) of just 1.81%, reflecting limited earnings generated per unit of shareholders’ funds. Quarterly results for September 2025 further underscore the strain, with PBDIT (Profit Before Depreciation, Interest, and Taxes) at a low of Rs.-0.40 crore, PBT (Profit Before Tax) less other income at Rs.-0.60 crore, and Earnings Per Share (EPS) at Rs.-0.06, all marking the lowest levels in recent periods.
The company’s EBITDA remains negative, which adds to the risk profile of the stock. Over the past year, profits have declined by 8%, compounding the stock’s poor performance, which has delivered a negative return of 40.17% over the same timeframe. This contrasts sharply with the Sensex’s positive 7.85% return over the last year.
Long-Term and Relative Performance
Beyond the immediate downturn, Nivaka Fashions has exhibited below-par performance over multiple time horizons. The stock has underperformed the BSE500 index over the last three years, one year, and three months, signalling persistent challenges in maintaining competitive returns. The company’s market capitalisation grade is rated at 4, reflecting its relatively modest size within the broader market.
Ownership structure shows that the majority of shares are held by non-institutional investors, which may influence liquidity and trading dynamics.
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Sector and Market Comparison
Operating within the Garments & Apparels sector, Nivaka Fashions’ recent underperformance is notable given the broader market’s relative strength. While the Sensex and mega-cap stocks have shown resilience and gains, this micro-cap stock has struggled to maintain momentum. The sector itself has seen mixed results, but Nivaka’s decline of 40.17% over the past year stands out as a significant deviation from sector averages.
The stock’s current Mojo Score is 12.0, with a Mojo Grade of Strong Sell as of 29 Dec 2025, an upgrade from the previous Sell rating. This grading reflects the company’s financial metrics, valuation concerns, and risk profile.
Technical Indicators and Trading Trends
Technically, the stock’s position below all major moving averages signals a bearish trend. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages all lie above the current price, indicating sustained selling pressure. The six-day consecutive decline and the underperformance relative to the sector by nearly 5% today reinforce the negative momentum.
In contrast, the Sensex’s 50-day moving average remains above its 200-day moving average, a classic indicator of a bullish market trend, further highlighting the divergence between Nivaka Fashions and the broader market.
Summary of Key Metrics
To summarise, Nivaka Fashions Ltd’s stock has reached a 52-week low of Rs.2.04, down from Rs.5.37 a year ago. The stock’s one-year return is -40.17%, significantly lagging the Sensex’s 7.85% gain. The company’s financial health is marked by operating losses, negative EBITDA, and weak debt servicing capacity. Profitability metrics such as ROE and EPS remain low, with recent quarterly results reflecting the lowest levels recorded. The stock’s technical indicators confirm a bearish trend, trading below all major moving averages and underperforming its sector.
These factors collectively contribute to the stock’s Strong Sell Mojo Grade and highlight the challenges faced by Nivaka Fashions Ltd in the current market environment.
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