Key Events This Week
2 Feb: Technical momentum shifts to mildly bearish; stock closes at Rs.249.60 (-3.67%)
3 Feb: Momentum shifts back to mildly bullish; stock edges up to Rs.251.50 (+0.76%)
4 Feb: Intraday high of Rs.265.20 with a 5.37% surge; closes at Rs.264.70 (+5.25%)
5-6 Feb: Profit booking leads to declines; closes week at Rs.255.80 (-1.48% on 6 Feb)
2 February 2026: Technical Momentum Turns Bearish Amid Price Drop
On Monday, NLC India Ltd. experienced a sharp decline, closing at Rs.249.60, down 3.67% from the previous close of Rs.259.10. This drop coincided with a shift in technical momentum from mildly bullish to mildly bearish, as indicated by deteriorating MACD and Bollinger Bands readings. The stock traded within a volatile range, hitting a high of Rs.264.90 and a low of Rs.243.65 during the session. Despite this weakness, the stock remained comfortably above its 52-week low of Rs.185.85, though still distant from its 52-week high of Rs.292.35. The bearish technical signals suggested near-term pressure, with momentum oscillators signalling caution to investors.
3 February 2026: Mildly Bullish Momentum Returns with Modest Gains
Following Monday’s decline, NLC India Ltd. rebounded modestly on Tuesday, closing at Rs.251.50, a 0.76% gain. This price action aligned with a technical trend upgrade back to mildly bullish, supported by daily moving averages turning positive. However, longer-term momentum indicators such as MACD and KST remained mildly bearish, reflecting a cautious recovery rather than a decisive uptrend. The Relative Strength Index (RSI) stayed neutral, indicating no immediate overbought or oversold conditions. The stock traded between Rs.241.45 and Rs.251.90, showing moderate volatility amid mixed technical signals.
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4 February 2026: Intraday High and Strong Outperformance
Wednesday saw a significant surge in NLC India Ltd.’s share price, which climbed 5.25% to close at Rs.264.70, reaching an intraday high of Rs.265.20. This represented a 5.45% rise from the previous close and marked the third consecutive day of gains. The stock outperformed both the power sector, which gained 2.78%, and the Sensex, which rose a modest 0.37%. Technical positioning was robust, with the stock trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling strength across multiple timeframes. This rally reflected positive market sentiment and buying momentum, despite the broader market’s mixed technical picture.
5-6 February 2026: Profit Booking and Technical Consolidation
Profit booking emerged on Thursday and Friday, with the stock retreating 1.91% to Rs.259.65 on 5 February and further declining 1.48% to Rs.255.80 on 6 February. These declines followed the strong midweek rally and coincided with a volatile Sensex session, which fell 0.53% on Thursday before edging up 0.10% on Friday. The stock’s volume also tapered off, indicating reduced trading interest amid the consolidation phase. Technical indicators remained mixed, with daily moving averages still mildly bullish but momentum oscillators such as MACD and KST signalling caution. The stock closed the week below its midweek peak, reflecting uncertainty about sustaining the recent gains.
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Daily Price Comparison: NLC India Ltd. vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.249.60 | -3.67% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.251.50 | +0.76% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.264.70 | +5.25% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.259.65 | -1.91% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.255.80 | -1.48% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The stock demonstrated resilience by rebounding from a sharp early-week decline and achieving a strong intraday high on 4 February, supported by broad-based technical strength above multiple moving averages. Its outperformance relative to the Sensex and power sector on that day highlighted underlying buying interest. The upgrade in Mojo Grade from Strong Sell to Sell reflects improving technical momentum.
Cautionary Signals: Despite midweek gains, the stock closed the week lower, underperforming the Sensex’s 1.51% rise. Momentum indicators such as MACD and KST remain mildly bearish on longer timeframes, and volume trends lack clear confirmation. The profit booking in the final two sessions suggests uncertainty about sustaining the rally. The company’s modest market capitalisation grade of 2 also indicates limited liquidity compared to peers.
Contextual Analysis: NLC India Ltd.’s mixed technical signals and volatile price action reflect broader sector challenges and market fluctuations. While the stock’s long-term returns remain strong relative to the Sensex, near-term momentum is uneven. Investors should monitor weekly and monthly technical indicators closely, alongside sector developments, to gauge the sustainability of any recovery.
Conclusion
NLC India Ltd.’s week was characterised by a volatile technical momentum shift, with a notable intraday surge on 4 February followed by profit booking and consolidation. The stock ended the week down 1.27%, underperforming the Sensex’s 1.51% gain. Mixed technical indicators and subdued volume trends suggest caution in the near term, despite the stock’s strong long-term fundamentals and recent technical upgrades. Market participants should remain vigilant for clearer trend confirmation amid ongoing sector and market uncertainties.
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