Stock Performance and Market Context
On 24 Feb 2026, RBZ Jewellers Ltd’s share price declined by 1.65%, closing near its intraday low of Rs 122.35. This level represents the lowest price point for the stock in the past 52 weeks, down from its 52-week high of Rs 179. The stock has been on a consecutive seven-day losing streak, resulting in an 18.08% drop over this period. This recent performance contrasts sharply with the broader market, where the Nifty index closed at 25,424.65, down 1.12%, but still only 3.73% below its own 52-week high of 26,373.20.
RBZ Jewellers has underperformed its sector, the Gems, Jewellery And Watches industry, by 1.96% on the day. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend. Over the past year, RBZ Jewellers has delivered a negative return of 26.73%, while the Sensex has gained 10.44% in the same period, highlighting the stock’s relative weakness.
Mojo Score and Market Sentiment
The company’s Mojo Score currently stands at 37.0, with a Mojo Grade of Sell, downgraded from Hold on 3 Feb 2026. This downgrade reflects a reassessment of the company’s market position and outlook. The Market Cap Grade is rated at 4, indicating a moderate market capitalisation relative to peers. Domestic mutual funds hold no stake in RBZ Jewellers, which may suggest limited institutional confidence or interest at current valuations. Given that domestic mutual funds typically conduct thorough research before investing, their absence from the shareholder base is notable.
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Financial Performance Overview
Despite the recent share price weakness, RBZ Jewellers has demonstrated healthy long-term growth in its financial metrics. Net sales have increased at an annual rate of 28.10%, while operating profit has grown at an even stronger pace of 34.42%. These figures indicate robust expansion in the company’s core business operations over recent years.
Quarterly results for the period ending December 2025 showed positive momentum. Profit Before Tax excluding other income (PBT LESS OI) reached Rs 23.32 crores, representing a 46.6% increase compared to the average of the previous four quarters. Similarly, Profit After Tax (PAT) rose by 47.3% to Rs 17.43 crores, while net sales hit a quarterly high of Rs 226.33 crores. These results highlight operational improvements and revenue growth in the most recent quarter.
Relative Performance and Market Position
RBZ Jewellers has underperformed the BSE500 index over multiple time frames, including the last three years, one year, and three months. This consistent underperformance relative to a broad market benchmark reflects challenges in maintaining investor confidence and market share. The stock’s decline to its 52-week low is a continuation of this trend, underscoring the gap between the company’s financial growth and its market valuation.
The Gems, Jewellery And Watches sector has seen mixed performance, with large-cap stocks leading the market gains. The Nifty Next 50 index, representing mid-cap companies, gained 0.08% on the day, contrasting with RBZ Jewellers’ underperformance. This divergence suggests that while the sector may have pockets of strength, RBZ Jewellers has not participated in the broader sector recovery.
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Summary of Key Concerns
The stock’s sustained decline and failure to hold above key moving averages indicate persistent selling pressure. The absence of domestic mutual fund holdings may reflect a cautious stance from institutional investors. Additionally, the stock’s relative underperformance against both sector and market benchmarks over the past year and longer term points to challenges in translating financial growth into market value appreciation.
While quarterly financials show encouraging growth in sales and profits, these have not yet translated into a positive market response. The stock’s current Mojo Grade of Sell, downgraded from Hold earlier this year, further emphasises the cautious market sentiment surrounding RBZ Jewellers.
Market Environment
The broader market environment remains mixed. The Nifty index is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, suggesting some underlying market strength. Large-cap stocks continue to lead gains, while mid and small caps show varied performance. RBZ Jewellers, classified as a small-cap stock within the Gems, Jewellery And Watches sector, has not benefited from these broader market trends.
Conclusion
RBZ Jewellers Ltd’s fall to a 52-week low of Rs 122.35 reflects a continuation of a downward trend amid mixed financial signals and cautious market sentiment. Despite solid growth in sales and profits in recent quarters, the stock has underperformed its sector and broader market indices over the past year and longer. The lack of institutional investment and the recent downgrade in Mojo Grade underline the challenges faced by the company in regaining market confidence.
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