Technical Trend Overview and Price Movement
As of 2 Feb 2026, Popular Vehicles & Services Ltd is trading at ₹108.50, slightly up from the previous close of ₹108.25. The stock’s 52-week range remains wide, with a high of ₹163.05 and a low of ₹87.28, indicating significant volatility over the past year. The recent technical trend has shifted from outright bearish to mildly bearish, reflecting a tentative improvement in price momentum but still lacking strong upward conviction.
The daily moving averages continue to signal bearishness, suggesting that short-term price action remains under pressure. However, weekly and monthly indicators present a more mixed picture, with some oscillators hinting at potential stabilisation or mild recovery.
MACD and RSI: Divergent Signals
The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly timeframe, indicating that downward momentum is still dominant in the medium term. The monthly MACD, however, does not currently provide a clear signal, reflecting a period of consolidation or indecision among investors.
Conversely, the Relative Strength Index (RSI) on the weekly chart has turned bullish, suggesting that the stock may be gaining some upward momentum in the short term. The monthly RSI remains neutral with no definitive signal, underscoring the lack of a strong directional trend over a longer horizon.
Bollinger Bands and Moving Averages: Mild Bearishness Persists
Bollinger Bands on the weekly scale indicate a mildly bearish stance, with the stock price hovering near the lower band but not decisively breaking below it. This suggests that while selling pressure exists, it is not overwhelming, and the stock may be approaching a support zone.
Daily moving averages continue to trend downward, reinforcing the bearish short-term outlook. The absence of a crossover above key moving averages such as the 50-day or 200-day moving average limits the potential for a sustained rally in the near term.
Other Technical Indicators and Market Context
The Know Sure Thing (KST) indicator remains bearish on the weekly timeframe, aligning with the MACD’s negative momentum signal. Meanwhile, Dow Theory analysis shows no clear trend on either weekly or monthly charts, indicating a lack of consensus on the stock’s directional bias among market participants.
On-Balance Volume (OBV) also shows no discernible trend, suggesting that volume flows have not confirmed any significant price moves recently. This lack of volume confirmation often signals caution for traders considering new positions.
Comparative Returns and Sector Performance
When compared to the broader market, Popular Vehicles & Services Ltd has underperformed the Sensex over multiple timeframes. The stock posted a 0.7% gain over the past week, outperforming the Sensex’s 1.00% decline. However, over the past month and year-to-date periods, the stock has declined by 2.65% and 3.47% respectively, while the Sensex fell by 4.67% and 5.28% in the same periods.
More notably, the stock has suffered a significant 25.53% loss over the past year, contrasting sharply with the Sensex’s 5.16% gain. This underperformance highlights challenges specific to Popular Vehicles & Services Ltd within the automobile sector, which itself faces headwinds from supply chain disruptions and shifting consumer demand.
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Mojo Score and Ratings Update
MarketsMOJO’s latest assessment assigns Popular Vehicles & Services Ltd a Mojo Score of 28.0, categorising it as a Strong Sell. This represents a downgrade from the previous Sell rating issued on 19 Jan 2026. The Market Cap Grade stands at 4, reflecting the company’s micro-cap status within the automobile sector.
The downgrade is consistent with the mixed technical signals and the stock’s recent underperformance relative to the broader market. The Strong Sell rating suggests that investors should exercise caution and consider risk mitigation strategies when holding or acquiring this stock.
Price Momentum and Moving Average Analysis
The stock’s price momentum has shown signs of tentative improvement, shifting from a purely bearish trend to mildly bearish. This subtle change is reflected in the weekly RSI’s bullish signal, which may indicate short-term oversold conditions easing. However, the persistence of bearish daily moving averages tempers optimism, signalling that any recovery may be fragile and subject to reversal.
Investors should closely monitor the stock’s ability to break above key moving averages, particularly the 50-day and 200-day lines, which would be necessary to confirm a more sustained bullish trend. Until such technical confirmation occurs, the prevailing sentiment remains cautious.
Sectoral and Industry Considerations
Popular Vehicles & Services Ltd operates within the automobile industry, a sector currently navigating challenges including fluctuating raw material costs, regulatory changes, and evolving consumer preferences towards electric and hybrid vehicles. These factors contribute to the stock’s volatility and mixed technical signals.
While the broader automobile sector has shown resilience in some segments, Popular Vehicles & Services Ltd’s specific fundamentals and technical profile suggest it is lagging behind peers. This is reflected in its relative returns and the MarketsMOJO rating downgrade.
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Investor Takeaway and Outlook
In summary, Popular Vehicles & Services Ltd presents a technically complex picture. The shift from bearish to mildly bearish momentum, combined with divergent signals from MACD and RSI, suggests that the stock is at a critical juncture. Short-term bullishness on the weekly RSI is offset by persistent bearishness in moving averages and MACD, indicating that any rally may be tentative.
Given the Strong Sell rating and the stock’s underperformance relative to the Sensex, investors should approach with caution. Monitoring key technical levels, particularly moving average crossovers and volume confirmation, will be essential to gauge the stock’s next directional move.
For those seeking exposure to the automobile sector, it may be prudent to consider alternative stocks with stronger technical momentum and more favourable ratings, as identified by comprehensive evaluation tools.
Summary of Key Technical Metrics:
- Current Price: ₹108.50 (up 0.23% on day)
- 52-Week Range: ₹87.28 – ₹163.05
- Technical Trend: Shifted from Bearish to Mildly Bearish
- MACD: Weekly Bearish, Monthly Neutral
- RSI: Weekly Bullish, Monthly Neutral
- Bollinger Bands: Weekly Mildly Bearish, Monthly Sideways
- Moving Averages: Daily Bearish
- KST: Weekly Bearish
- Dow Theory: No Trend (Weekly & Monthly)
- OBV: No Trend (Weekly & Monthly)
- Mojo Score: 28.0 (Strong Sell, downgraded from Sell on 19 Jan 2026)
Investors should weigh these technical factors alongside fundamental analysis and sector outlook before making investment decisions.
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