Rajoo Engineers Gains 3.00%: 5 Key Factors Driving the Weekly Recovery

2 February 2026: New 52-Week Low Amid Market Pressure

Rajoo Engineers Ltd’s stock plunged to a fresh 52-week low of Rs.59.15 on 2 February 2026, marking a significant downturn amid broader market softness. The stock closed at Rs.59.63, down 5.87% on the day, underperforming the Sensex which fell 1.03%. This decline reflected ongoing pressures within the industrial manufacturing sector and was accompanied by a drop below all key moving averages, signalling sustained bearish momentum.

Despite the sharp price fall, the company’s fundamentals showed strength with a 105.3% rise in profits over the past year and a robust return on equity of 16.5%. However, institutional investors reduced their stake by 1.61% in the previous quarter, reflecting cautious sentiment. The stock’s Mojo Score stood at 43.0 with a Sell rating, underscoring the technical and fundamental challenges faced.

3 February 2026: Strong Gap Up and Intraday Rally

Following the prior day’s weakness, Rajoo Engineers Ltd opened sharply higher on 3 February 2026 with a gap up of 5.65%, signalling renewed buying interest. The stock surged to an intraday high of Rs.64.77, a gain of 8.62% from the previous close, and closed at Rs.63.76, up 6.93%. This rally outperformed both the Plastic Products sector’s 2.36% gain and the Sensex’s 2.63% rise, marking a notable reversal in short-term momentum.

Technically, the stock traded above its 5-day moving average but remained below longer-term averages, indicating resistance at higher levels. The gap up and intraday strength suggested a potential short-term relief rally, although the stock remained close to its 52-week low, highlighting the ongoing downtrend.

4 February 2026: Mixed Technical Signals Amid Price Momentum Shift

On 4 February, Rajoo Engineers Ltd continued its volatile trading, closing at Rs.63.76, up 6.93% from the previous day. The stock reached a high of Rs.64.80 but remained substantially below its 52-week high of Rs.188.00. Technical indicators presented a mixed picture: the weekly MACD was mildly bullish, and RSI readings were positive, suggesting short-term strength, while monthly MACD and Bollinger Bands remained bearish, indicating longer-term caution.

The stock’s Mojo Grade remained at Sell with a score of 48.0, reflecting the cautious stance amid sector headwinds and technical uncertainty. The industrial manufacturing sector’s cyclical challenges continued to weigh on sentiment, despite signs of selective buying interest.

5 February 2026: Bearish Technical Shift Despite Price Gains

Rajoo Engineers Ltd closed at Rs.66.82 on 5 February 2026, marking a 4.80% gain from the previous close. Despite this positive price movement, technical indicators signalled a shift from mildly bearish to bearish. The weekly MACD remained mildly bullish, but the monthly MACD stayed bearish, while RSI hovered neutrally. Daily moving averages continued to show bearish trends, with the stock trading below key averages.

The divergence between short-term gains and longer-term bearish momentum highlighted the stock’s complex technical landscape. The Mojo Score remained at 43.0 with a Sell rating, underscoring the need for caution amid mixed signals and sector headwinds.

6 February 2026: Week Closes with Modest Gain

The week concluded on 6 February 2026 with Rajoo Engineers Ltd closing at Rs.65.25, down slightly by 0.44% from the previous day but up 3.00% for the week. The Sensex closed at 36,730.20, gaining 1.51% over the week. The stock’s outperformance relative to the benchmark reflected resilience amid a challenging technical and sector environment.

Despite the modest weekly gain, the stock remains well below its 52-week high and continues to face technical resistance. The mixed momentum indicators and the Sell rating from MarketsMOJO suggest that investors should remain vigilant as the stock navigates a complex recovery path.

Key Takeaways

Rajoo Engineers Ltd’s week was marked by significant volatility, with a sharp fall to a 52-week low early in the week followed by a strong intraday rally and mixed technical signals. The stock outperformed the Sensex by 1.49% over the week, closing at Rs.65.25, yet remains well below its 52-week high of Rs.188.00.

Technical indicators present a nuanced picture: short-term momentum showed signs of recovery with bullish MACD and RSI readings on weekly charts, but longer-term monthly indicators and moving averages remain bearish. The stock’s Mojo Score of 43.0 and Sell rating reflect ongoing caution amid sector headwinds and subdued institutional interest.

Fundamentally, the company’s strong profit growth and conservative capital structure contrast with the share price weakness, suggesting a disconnect between operational performance and market sentiment. The stock’s high beta of 1.35 indicates elevated volatility, consistent with the week’s price swings.

Conclusion

Rajoo Engineers Ltd’s performance over the week ending 6 February 2026 highlights a stock navigating a challenging technical and market environment. While the 3.00% weekly gain and intraday rallies demonstrate resilience, the persistent bearish longer-term indicators and proximity to 52-week lows underscore the need for caution.

Investors should closely monitor key technical levels, including moving averages and momentum indicators, for signs of a sustained trend reversal. Until then, the stock’s mixed signals and sector pressures suggest a cautious stance is warranted despite intermittent positive price action.

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