Current Price Action and Market Context
As of 4 Feb 2026, Ram Ratna Wires Ltd is trading at ₹292.95, up 2.95% from the previous close of ₹284.55. The stock’s intraday range has been relatively tight, with a low of ₹285.20 and a high of ₹294.90. This price movement comes against a 52-week high of ₹393.43 and a low of ₹228.40, indicating the stock is trading closer to its lower band of the annual range.
Comparatively, Ram Ratna Wires has outperformed the Sensex over longer horizons, delivering a 1-year return of 12.79% versus the Sensex’s 8.49%, and an impressive 5-year return of 1364.75% compared to the Sensex’s 66.63%. However, shorter-term returns have been less favourable, with a 1-month decline of 5.97% against the Sensex’s 2.36% drop, and a year-to-date loss of 4.75% versus the Sensex’s 1.74% fall.
Technical Trend Analysis: Mixed Signals Across Timeframes
The technical trend for Ram Ratna Wires has shifted from bearish to mildly bearish, reflecting a tentative improvement but still lacking strong bullish conviction. The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart, signalling that momentum is still subdued over medium and longer terms.
Relative Strength Index (RSI) readings on both weekly and monthly charts show no clear signal, hovering in neutral zones that neither indicate overbought nor oversold conditions. This suggests a lack of strong directional momentum in the stock’s price action.
Bollinger Bands on the weekly timeframe are moving sideways, indicating consolidation, while the monthly Bollinger Bands remain bearish, hinting at potential downward pressure over the longer term.
Daily moving averages continue to reflect a bearish stance, with the stock price trading below key averages, reinforcing the short-term downtrend. However, the Know Sure Thing (KST) oscillator presents a mildly bullish signal on the weekly chart, contrasting with a mildly bearish reading on the monthly chart. This divergence underscores the mixed momentum signals across different timeframes.
Dow Theory analysis aligns with this view, showing a mildly bullish trend on the weekly scale but no definitive trend on the monthly scale. On-Balance Volume (OBV) indicators show no clear trend on either weekly or monthly charts, suggesting volume is not confirming price movements decisively.
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Mojo Score and Grade Implications
Ram Ratna Wires currently holds a Mojo Score of 37.0, categorised as a Sell grade, downgraded from Hold on 24 Nov 2025. This downgrade reflects the technical deterioration and the mixed signals from momentum indicators. The company’s Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to its peers in the Other Electrical Equipment sector.
The downgrade signals caution for investors, as the technical indicators do not yet support a strong buy or hold stance. The bearish daily moving averages and monthly Bollinger Bands suggest that the stock may face resistance in sustaining upward momentum in the near term.
Long-Term Performance Versus Sector and Market Benchmarks
Despite recent technical challenges, Ram Ratna Wires has demonstrated exceptional long-term performance. Over the past decade, the stock has surged by 3020.64%, vastly outperforming the Sensex’s 245.70% gain. Similarly, its 3-year return of 272.47% dwarfs the Sensex’s 37.63% over the same period.
This strong historical performance underscores the company’s underlying business strength and growth potential, even as short-term technical indicators suggest caution. Investors should weigh these long-term fundamentals against the current technical signals when considering their positions.
Price Momentum and Moving Averages: What Investors Should Watch
The daily moving averages remain bearish, with the stock price trading below the 50-day and 200-day averages. This positioning typically signals a downtrend or consolidation phase. However, the recent 2.95% day gain and the weekly KST’s mildly bullish signal may indicate early signs of a momentum shift.
Investors should monitor whether the stock can break above these moving averages with sustained volume, which would be a positive technical development. Conversely, failure to hold above current support levels near ₹285 could reinforce bearish momentum.
Sectoral and Industry Context
Ram Ratna Wires operates within the Other Electrical Equipment sector, which has experienced mixed performance amid broader market volatility. The company’s technical signals align with sector trends showing consolidation and cautious sentiment. Investors should consider sectoral dynamics alongside company-specific technicals to gauge potential risks and opportunities.
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Outlook and Investor Considerations
In summary, Ram Ratna Wires Ltd presents a nuanced technical picture. While short-term indicators such as daily moving averages and monthly Bollinger Bands remain bearish, weekly momentum oscillators like KST and Dow Theory suggest a mild bullish undertone. The absence of strong RSI signals and neutral OBV trends imply that volume and momentum are yet to confirm a decisive directional move.
Given the downgrade to a Sell grade and the current Mojo Score of 37.0, investors should exercise caution and closely monitor technical developments. A sustained break above key moving averages with volume confirmation could signal a reversal, while failure to hold support levels may lead to further downside.
Long-term investors may find comfort in the company’s robust historical returns and sector positioning, but short-term traders should remain vigilant to technical signals and market conditions.
Summary of Key Technical Metrics:
- MACD: Weekly Bearish, Monthly Mildly Bearish
- RSI: No clear signal on weekly and monthly charts
- Bollinger Bands: Weekly Sideways, Monthly Bearish
- Moving Averages: Daily Bearish
- KST: Weekly Mildly Bullish, Monthly Mildly Bearish
- Dow Theory: Weekly Mildly Bullish, Monthly No Trend
- OBV: No trend on weekly and monthly charts
Price and Returns Recap:
- Current Price: ₹292.95
- Day Change: +2.95%
- 52-Week High/Low: ₹393.43 / ₹228.40
- 1-Year Return: +12.79% (Sensex: +8.49%)
- 5-Year Return: +1364.75% (Sensex: +66.63%)
Investors should integrate these technical insights with fundamental analysis and sector trends to make informed decisions regarding Ram Ratna Wires Ltd.
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