Stock Performance and Market Context
On 20 Jan 2026, Rasi Electrodes Ltd recorded a day change of -3.64%, closing at Rs.13.1, its lowest level in the past year. This decline outpaced the Electrodes & Welding Equipment sector’s fall of -2.26%, indicating relative weakness within its industry group. The stock also underperformed the sector by -1.58% on the day.
Technical indicators reveal that Rasi Electrodes is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based weakness across short, medium, and long-term moving averages signals sustained bearish momentum.
Meanwhile, the broader market environment has been challenging. The Sensex opened flat but declined by -564.58 points (-0.72%) to close at 82,642.80, remaining 4.25% below its 52-week high of 86,159.02. The index has experienced a three-week consecutive fall, losing -3.64% over this period. Although the Sensex trades below its 50-day moving average, the 50DMA remains above the 200DMA, suggesting some underlying resilience in the broader market despite recent weakness.
Long-Term Price and Return Analysis
Rasi Electrodes’ 52-week high was Rs.31.83, indicating a steep decline of nearly 59% from that peak to the current low of Rs.13.1. Over the past year, the stock has delivered a negative return of -56.76%, a stark contrast to the Sensex’s positive 7.21% return over the same period. This divergence highlights the stock’s underperformance relative to the broader market.
Further, the stock has underperformed the BSE500 index across multiple time frames, including the last three years, one year, and three months, underscoring a prolonged period of relative weakness.
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Financial Metrics and Valuation
Rasi Electrodes’ financial profile continues to reflect challenges. The company reported its lowest quarterly net sales at Rs.16.78 crores in the September 2025 quarter, indicating subdued revenue generation. Profitability has also contracted, with profits falling by -20.6% over the past year.
The company’s average Return on Equity (ROE) stands at 8.83%, which is considered weak for long-term fundamental strength. The most recent ROE figure is 7.7%, which, while modest, is accompanied by a Price to Book Value (P/B) ratio of 1.2. This valuation metric suggests the stock is trading at a fair value relative to its peers’ historical averages, reflecting a very attractive valuation despite the weak returns.
Rasi Electrodes’ market capitalisation grade is rated 4, indicating a micro-cap status within the industrial manufacturing sector. The Mojo Score of 26.0 and a Mojo Grade of Strong Sell, upgraded from Sell on 3 Nov 2025, further underline the stock’s current standing in terms of quality and market sentiment.
Shareholding and Sectoral Performance
The majority of Rasi Electrodes’ shares are held by non-institutional investors, which may influence liquidity and trading dynamics. Within the industrial manufacturing sector, the Electrodes & Welding Equipment segment has experienced a decline of -2.26%, reflecting sector-wide pressures that have also impacted Rasi Electrodes.
Despite the sector’s challenges, Rasi Electrodes’ underperformance relative to its peers and the broader market remains pronounced, as evidenced by its steep price decline and subdued financial results.
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Summary of Key Indicators
To summarise, Rasi Electrodes Ltd’s stock has reached a new 52-week low of Rs.13.1, reflecting a sustained downtrend over the past year. The stock’s performance has lagged significantly behind the Sensex and its sector peers, with a one-year return of -56.76% compared to the Sensex’s 7.21% gain.
Financially, the company has reported declining sales and profits, with an average ROE below 9%, indicating limited profitability. Valuation metrics suggest the stock is fairly priced relative to its peers, but the overall market sentiment remains cautious, as reflected in the Mojo Grade of Strong Sell.
Trading below all major moving averages and facing sectoral headwinds, Rasi Electrodes continues to navigate a challenging environment within the industrial manufacturing space.
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