Key Events This Week
29 Dec 2025: New 52-week low at Rs.20.16 following a 27.56% plunge
29 Dec 2025: Sharp intraday low and gap down open amid selling pressure
29 Dec 2025: Mojo Grade downgraded from Sell to Strong Sell
30 Dec 2025: Stock price stabilises at Rs.20.20 with no further movement
29 December 2025: Sharp 27.56% Decline to 52-Week Low Amid Market Concerns
Raasi Refractories’ stock opened on 29 December 2025 with a steep gap down, plunging 27.56% to an intraday and closing low of Rs.20.16, marking a new 52-week bottom. This dramatic fall starkly contrasted with the Sensex’s modest 0.41% decline, underscoring company-specific pressures rather than broader market weakness.
The stock remained fixed at this level throughout the trading session, reflecting persistent selling pressure and a lack of recovery attempts. Trading volumes were subdued at 2,100 shares, and the stock’s erratic trading history—having missed trading on five of the last twenty sessions—likely contributed to heightened volatility and investor caution.
Technically, the stock traded below its short-term moving averages (5-day, 20-day, 50-day) but remained above longer-term 100-day and 200-day averages, indicating some residual support despite the sharp decline. The adjusted beta of 1.35 suggests the stock is prone to amplified price swings, which was evident in the magnitude of the gap down.
Downgrade to Strong Sell Reflects Weak Fundamentals and Technical Concerns
On 29 December, MarketsMOJO downgraded Raasi Refractories’ Mojo Grade from Sell to Strong Sell, reflecting deteriorating fundamentals and a challenging technical outlook. The Mojo Score dropped to 14.0, signalling weak market positioning and heightened risk.
Fundamentally, the company has struggled with declining sales and profitability. Net sales for the nine months ended June 2025 fell 18.58% to ₹251.36 million, while profits plunged 59% year-on-year. Over the past five years, net sales contracted at an annualised rate of 1.64%, and operating profit stagnated, indicating a lack of growth momentum.
Despite being classified as a high-debt company, Raasi Refractories maintains an average debt-to-equity ratio of zero, which may mask underlying financial risks. The absence of recent financial disclosures further clouds the company’s outlook, contributing to investor uncertainty.
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30 December to 2 January: Price Stabilises but No Recovery
Following the sharp drop on 29 December, Raasi Refractories’ share price remained unchanged at Rs.20.20 through 30 December to 2 January 2026, with no intraday movement or volume increase. This stagnation contrasts with the Sensex’s steady gains over the same period, rising 1.35% for the week.
The lack of price recovery or volatility suggests continued investor caution and limited buying interest at current levels. The stock’s technical indicators remain mixed, with daily moving averages mildly bullish but weekly and monthly oscillators signalling bearish tendencies. Bollinger Bands and Dow Theory assessments also lean towards a negative outlook, reinforcing the subdued sentiment.
Weekly Price Performance Comparison
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.20.20 | -27.42% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.20.20 | +0.00% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.20.20 | +0.00% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.20.20 | +0.00% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.20.20 | +0.00% | 37,799.57 | +0.81% |
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Key Takeaways
Significant Price Decline: Raasi Refractories’ 27.42% weekly drop, concentrated on 29 December, highlights severe selling pressure and a loss of investor confidence.
Fundamental Weakness: Declining sales, a 59% profit fall, and lack of recent financial disclosures underscore ongoing operational challenges.
Technical Deterioration: Downgrade to Strong Sell and mixed but predominantly bearish technical indicators signal caution for the near term.
Market Divergence: The stock’s sharp fall contrasts with the Sensex’s 1.35% gain, emphasising company-specific issues rather than sector or market-wide weakness.
Trading Patterns: Erratic trading and low liquidity have contributed to volatility and price instability, with no recovery attempts post-drop.
Conclusion
Raasi Refractories’ week was marked by a dramatic 27.42% share price decline amid deteriorating fundamentals, technical downgrades, and persistent market scepticism. The stock’s sharp fall to a 52-week low and subsequent stagnation reflect significant challenges in operational performance and investor sentiment. While the broader market and Sensex indices maintained positive momentum, Raasi Refractories’ underperformance highlights company-specific risks and valuation concerns. Until the company demonstrates improved financial health and clearer technical signals, the stock remains a high-risk holding within the industrial manufacturing space.
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