Power & Instrumentation (Gujarat) Ltd Gains 7.81%: 4 Key Factors Driving the Week’s Volatility

27 January 2026: Sharp Decline to 52-Week Low on Heavy Selling

Power & Instrumentation (Gujarat) Ltd opened the week on a weak note, closing at Rs.99.10, down 4.99% from the previous close. The stock hit its lower circuit limit after a day of intense selling pressure, reaching a 52-week low of Rs.97.85 intraday. Despite opening with a gap-up at Rs.106.98, the price steadily declined as sellers dominated, reflecting panic selling and a lack of buyer support. The stock’s intraday volatility was high at 7.94%, with most volume traded near the day’s low, signalling strong bearish sentiment.

Trading volume was moderate at 1,015 shares, with a turnover of approximately Rs.0.40 crore. Delivery volumes had declined sharply in preceding sessions, indicating reduced investor confidence. Technically, the stock traded below all key moving averages, reinforcing the bearish trend. This underperformance contrasted with the Sensex’s 0.50% gain and the sector’s modest rise, highlighting company-specific challenges.

28 January 2026: Rebound with Upper Circuit Hit on Renewed Buying

The stock staged a remarkable turnaround on 28 January, surging 4.94% to close at Rs.104.00, hitting the upper circuit limit of 5%. This rally was driven by robust buying interest and increased investor participation, with traded volume rising sharply to 8,836 shares and turnover reaching Rs.0.61 crore. The weighted average price suggested cautious early trading that gave way to aggressive buying towards the close.

Power & Instrumentation outperformed its sector peers, which gained 0.71%, and the Sensex, which rose 1.12%. Delivery volumes increased by nearly 40%, signalling genuine accumulation. Despite the strong rally, the stock remained below its longer-term moving averages, indicating that the broader downtrend was yet to be fully reversed. The upper circuit triggered a regulatory freeze, reflecting unfilled demand and bullish sentiment.

29 January 2026: Continued Momentum with Another Upper Circuit Surge

Building on the previous day’s gains, the stock surged again on 29 January, hitting the upper circuit limit of 5% and closing at Rs.108.05. This represented a 3.89% daily gain and a cumulative 9.81% return over two sessions. The stock outperformed its sector, which declined 1.07%, and the Sensex, which slipped 0.20%, underscoring its relative strength.

Trading volume was 4,702 shares with a turnover of Rs.0.21 crore. Delivery volumes rose by 48.24%, confirming genuine investor interest rather than speculative trading. The weighted average price indicated some profit-booking near the day’s high but overall sustained buying pressure. Technically, the stock moved above its 5-day moving average but remained below longer-term averages, suggesting short-term momentum improvement amid a still cautious medium-term outlook.

30 January 2026: Upper Circuit Hit Amid Broader Market Weakness

On the final trading day of the week, Power & Instrumentation (Gujarat) Ltd again hit the upper circuit limit, closing at Rs.112.45 after reaching an intraday high of Rs.113.28. This 4.07% gain came despite a 0.22% decline in the Sensex and a 0.27% sector gain, highlighting the stock’s resilience amid a cautious market environment.

Volume was relatively modest at 4,232 shares with a turnover of Rs.0.12 crore. Delivery volumes declined by 45.98% compared to the five-day average, suggesting concentrated buying rather than broad participation. The stock closed above its 5-day moving average but remained below other key moving averages, indicating mixed technical signals. The regulatory freeze following the upper circuit hit reflected strong unfilled demand and investor conviction.

Daily Price Performance vs Sensex

Key Takeaways

Strong Weekly Outperformance: The stock’s 7.81% weekly gain far exceeded the Sensex’s 1.62% rise, driven by a sharp recovery after an initial plunge to a 52-week low.

Volatility and Circuit Hits: The week was characterised by extreme volatility, with the stock hitting the lower circuit on 27 January and then three consecutive upper circuit limits from 28 to 30 January, signalling rapid shifts in investor sentiment.

Investor Participation: Delivery volumes surged notably on 28 and 29 January, indicating genuine accumulation, though volumes tapered on 30 January, suggesting more concentrated buying.

Technical Positioning: Despite the strong short-term momentum, the stock remains below most longer-term moving averages, implying that the broader downtrend is not yet fully reversed and caution remains warranted.

Market Context: The stock’s moves were largely company-specific, as the broader sector and Sensex showed more muted gains or declines during the week.

Conclusion

Power & Instrumentation (Gujarat) Ltd’s week was a study in volatility and rapid sentiment shifts, starting with a sharp decline to a 52-week low followed by a strong rebound fuelled by robust buying interest and multiple upper circuit hits. The stock’s 7.81% weekly gain and outperformance relative to the Sensex’s 1.62% rise highlight renewed investor enthusiasm despite lingering technical challenges. While the surge in delivery volumes on key days suggests genuine accumulation, the stock’s position below key moving averages and its micro-cap status counsel a measured approach. Market participants should monitor upcoming sessions closely for confirmation of sustained momentum or signs of profit-taking. Overall, the week’s price action underscores the stock’s potential for volatility and opportunity within the Other Electrical Equipment sector.

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