Key Events This Week
9 Feb: Stock opens at Rs.118.20, marginal decline despite Sensex rally
10 Feb: Price rebounds to Rs.119.90 (+1.44%) on moderate volume
11 Feb: Q3 FY26 results reveal narrow profit amid margin pressures; stock plunges 5.80%
12 Feb: Technical indicators turn bearish; stock drops 3.14%
13 Feb: Continued selling pressure; stock closes at Rs.105.90 (-3.20%)
9 February 2026: Modest Opening Amid Sensex Rally
Popular Vehicles & Services Ltd opened the week at Rs.118.20, a slight decline of 0.13% from the previous close, despite the Sensex gaining 1.04% to close at 37,113.23. The stock’s volume was moderate at 4,665 shares, indicating a cautious start. This divergence from the broader market hinted at early company-specific concerns that would unfold later in the week.
10 February 2026: Temporary Rebound on Moderate Volume
The stock rebounded to Rs.119.90, gaining 1.44% on lower volume of 2,689 shares. The Sensex also advanced by 0.25% to 37,207.34. This uptick suggested some short-term buying interest, possibly driven by technical factors or bargain hunting. However, the rally was short-lived as fundamental pressures emerged the following day.
11 February 2026: Q3 FY26 Results Reveal Margin Pressures, Stock Drops Sharply
Popular Vehicles & Services Ltd reported its Q3 FY26 results, showing a narrow profit despite a surge in revenue. The headline highlighted deeper margin pressures that masked the top-line growth. Investors reacted negatively, sending the stock down 5.80% to Rs.112.95 on a volume of 2,748 shares. This sharp decline contrasted with the Sensex’s modest 0.13% gain, underscoring the impact of disappointing profitability metrics on sentiment.
12 February 2026: Technical Indicators Signal Bearish Momentum
Following the earnings disappointment, technical analysis revealed a pronounced bearish momentum. The stock closed at Rs.109.40, down 3.14% on increased volume of 5,837 shares. Key indicators such as MACD, RSI, and moving averages deteriorated, signalling intensified downside pressure. The stock traded below its 50-day and 200-day moving averages, reinforcing resistance levels. Meanwhile, the Sensex declined 0.56%, reflecting broader market weakness but not to the extent of the stock’s fall.
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13 February 2026: Continued Selling Pressure Caps Week
The stock closed the week at Rs.105.90, down 3.20% on volume of 1,967 shares. This marked a cumulative weekly decline of 10.52%, significantly underperforming the Sensex’s 0.54% fall. The persistent selling reflected ongoing bearish technical momentum and investor caution following the earnings report. The stock’s Mojo Score remained at 34.0, classified as a Sell rating, indicating a cautious stance despite a slight upgrade from a previous Strong Sell grade.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.118.20 | -0.13% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.119.90 | +1.44% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.112.95 | -5.80% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.109.40 | -3.14% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.105.90 | -3.20% | 36,532.48 | -1.40% |
Key Takeaways
1. Earnings Pressure: The Q3 FY26 results revealed a narrow profit margin despite revenue growth, highlighting underlying margin pressures that weighed heavily on investor sentiment and triggered a sharp price correction.
2. Technical Weakness: Multiple technical indicators, including MACD, RSI, and moving averages, shifted decisively bearish midweek, signalling increased downside risk and limiting near-term upside potential.
3. Underperformance vs Sensex: The stock’s 10.52% weekly decline starkly contrasted with the Sensex’s modest 0.54% fall, reflecting company-specific challenges amid a relatively stable broader market environment.
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Conclusion
Popular Vehicles & Services Ltd’s performance this week was marked by significant weakness driven by disappointing quarterly results and a shift to bearish technical momentum. The stock’s steep 10.52% decline against a relatively stable Sensex underscores company-specific challenges, particularly margin pressures and deteriorating technical indicators. While the Mojo Score remains in the Sell category, the slight upgrade from Strong Sell suggests some stabilisation, though caution remains warranted. Investors should closely monitor upcoming developments and technical signals before considering any change in exposure to this automobile sector stock.
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