Key Events This Week
Feb 09: Stock opens week with a 3.96% gain to Rs.30.74
Feb 12: Rajshree Sugars hits 52-week low of Rs.29 amid heavy losses
Feb 13: Further decline to new 52-week low of Rs.28.21
Feb 13: Week closes at Rs.28.79, down 2.64%
Strong Start on 9 February with 3.96% Gain
Rajshree Sugars & Chemicals Ltd began the week on a positive note, rising 3.96% to close at Rs.30.74 on 9 February 2026. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, reflecting initial investor optimism. The volume was relatively low at 950 shares, suggesting cautious participation despite the price rise.
Moderate Gains Continue on 10 and 11 February
The stock extended its gains on 10 February, adding 1.14% to Rs.31.09, supported by a surge in volume to 3,272 shares. The Sensex also advanced by 0.25% to 37,207.34. On 11 February, Rajshree Sugars rose a further 0.90% to Rs.31.37, marking the week’s high, while the Sensex inched up 0.13% to 37,256.72. These consecutive gains suggested a short-term bullish momentum, with the stock outperforming the broader market.
Sharp Reversal on 12 February: New 52-Week Low at Rs.29
On 12 February, the stock experienced a steep decline of 6.82%, closing at Rs.29.23 and hitting a fresh 52-week low. This drop came amid a broader market pullback, with the Sensex falling 0.56% to 37,049.40. The volume surged to 6,931 shares, indicating heavy selling pressure. The decline followed three days of gains, signalling a reversal in sentiment.
The sharp fall was triggered by the company’s dismal Q3 FY26 results, which revealed deepening losses and structural distress. Net sales dropped 23.7% to Rs.97.99 crores, while profit before tax excluding other income plunged 132.6% to a loss of Rs.20.25 crores. The company’s net loss after tax widened by 23.87% year-on-year to Rs.28.92 crores for the nine months ended. These results underscored ongoing financial challenges and weighed heavily on the stock.
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Continued Decline on 13 February to Rs.28.79
The downward trend persisted on 13 February, with the stock closing at Rs.28.79, down 1.51% on the day and marking a new 52-week low of Rs.28.21 intraday. The Sensex declined 1.40% to 36,532.48, reflecting broader market weakness. Volume remained elevated at 5,961 shares, confirming sustained selling interest.
This two-day decline of 7.81% followed the negative quarterly results and was compounded by the company’s high leverage and poor profitability metrics. Rajshree Sugars & Chemicals Ltd’s average debt-to-equity ratio stands at a concerning 13.31 times, while return on equity remains low at 3.09%. The stock trades below all key moving averages, signalling persistent bearish momentum.
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Weekly Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.30.74 | +3.96% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.31.09 | +1.14% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.31.37 | +0.90% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.29.23 | -6.82% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.28.79 | -1.51% | 36,532.48 | -1.40% |
Key Takeaways
1. Initial Momentum Lost: The stock started the week strongly, outperforming the Sensex with gains over the first three sessions, reaching Rs.31.37 on 11 February. However, this momentum was short-lived as negative earnings and financial stress triggered a sharp reversal.
2. Financial Distress Evident: The company’s Q3 FY26 results revealed deepening losses, with net sales down 23.7% and profit before tax excluding other income plunging 132.6% to a loss of Rs.20.25 crores. The nine-month net loss widened by 23.87%, signalling structural challenges.
3. Elevated Leverage and Risk: Rajshree Sugars & Chemicals Ltd’s high debt-to-equity ratio of 13.31 times and low return on equity of 3.09% highlight significant financial risk. The near-total pledge of promoter shares (99.86%) adds further vulnerability to price volatility and potential forced selling.
4. Technical Weakness: The stock’s fall below all major moving averages and fresh 52-week lows indicate sustained bearish momentum, contrasting with the relatively resilient Sensex, which declined modestly by 0.54% over the week.
Conclusion
Rajshree Sugars & Chemicals Ltd’s week was marked by a sharp reversal from early gains to fresh 52-week lows, driven primarily by disappointing quarterly results and ongoing financial stress. The stock’s underperformance relative to the Sensex and its technical breakdown below key averages underscore the challenges facing the company. Elevated leverage, poor profitability, and high promoter share pledging compound the risks for investors. While the broader market showed resilience, Rajshree Sugars remains under pressure, reflecting structural issues that have yet to be resolved.
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