Key Events This Week
9 Feb: Modest gain of 0.13% amid broader Sensex rally
10 Feb: Stock surged 1.76% outperforming Sensex
11 Feb: Sharp 2.04% decline despite Sensex gains
12 Feb: Bearish technical momentum intensifies, stock rebounds 1.24%
13 Feb: Significant gap down opening by 12.06%, closes down 1.67%
9 February 2026: Modest Start Amid Sensex Rally
Responsive Industries Ltd began the week with a slight gain of 0.13%, closing at Rs.190.25. This modest increase came as the Sensex surged 1.04% to 37,113.23, reflecting a broadly positive market environment. The stock’s volume was relatively low at 2,865 shares, indicating cautious participation despite the broader market optimism.
10 February 2026: Outperformance with 1.76% Gain
The stock outperformed the Sensex on 10 February, rising 1.76% to close at Rs.193.60, while the benchmark index gained a more modest 0.25%. This marked the week’s highest closing price and reflected short-term buying interest. However, volume declined sharply to 915 shares, suggesting limited conviction behind the rally.
11 February 2026: Sharp Reversal Despite Sensex Gains
On 11 February, Responsive Industries Ltd reversed course, falling 2.04% to Rs.189.65, underperforming the Sensex which still managed a 0.13% gain. The decline coincided with increased selling pressure, as volume rose to 2,743 shares. This day’s price action hinted at emerging bearish momentum despite the broader market’s resilience.
12 February 2026: Intensified Bearish Momentum Amid Technical Deterioration
The stock rebounded 1.24% to Rs.192.00 on 12 February, even as the Sensex declined 0.56%. This recovery was overshadowed by a detailed technical analysis released the same day highlighting a shift from mildly bearish to outright bearish momentum. Key indicators such as MACD, moving averages, and Bollinger Bands signalled sustained downside risk. The stock’s trading below short- and medium-term moving averages reinforced the negative outlook, despite the intraday bounce.
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13 February 2026: Significant Gap Down Amid Market Concerns
The week’s most dramatic event occurred on 13 February, when Responsive Industries Ltd opened at Rs.168.85, a gap down of 12.06% from the previous close. This sharp decline reflected intensified selling pressure following a downgrade to a Strong Sell Mojo Grade and a lowered Mojo Score of 28.0. Despite the weak start, the stock closed at Rs.188.80, down 1.67% on the day, indicating some intraday recovery from the opening low. The Sensex fell 1.40%, but the stock’s decline was more pronounced, underscoring its heightened volatility and sensitivity to negative sentiment.
Technical Momentum Shifts Amid Mixed Signals
Later on 13 February, a technical update noted a subtle shift from bearish to mildly bearish momentum. The stock’s intraday gain of 1.27% to Rs.192.05 suggested some short-term buying interest. However, key indicators such as MACD and KST remained bearish on weekly and monthly charts, while RSI hovered neutrally. Bollinger Bands indicated sideways movement weekly but a mildly bearish bias monthly. Volume-based indicators and Dow Theory showed no clear trend, reflecting market indecision. This complex technical picture suggests the stock is in a consolidation phase with limited conviction for a sustained rally.
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Daily Price Comparison: Responsive Industries Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.190.25 | +0.13% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.193.60 | +1.76% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.189.65 | -2.04% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.192.00 | +1.24% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.188.80 | -1.67% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock showed intermittent short-term recoveries, notably on 10 and 12 February, outperforming the Sensex on those days. The technical momentum shift from bearish to mildly bearish on 13 February suggests a potential easing of downward pressure, albeit without a confirmed reversal. The intraday recovery after the gap down on 13 February indicates some buyer interest at lower levels.
Cautionary Signals: The week was dominated by bearish technical indicators including MACD, moving averages, and KST oscillator, signalling sustained downside risk. The significant gap down opening on 13 February, triggered by a downgrade to Strong Sell and a low Mojo Score of 28.0, reflects heightened market concerns. The stock’s underperformance relative to the Sensex and its high beta of 1.53 underline its vulnerability to volatility and negative sentiment. Volume and Dow Theory trends remain inconclusive, limiting confidence in a sustained recovery.
Conclusion
Responsive Industries Ltd experienced a volatile week characterised by mixed technical signals and a pronounced gap down that underscored investor caution. Despite brief rallies midweek, the overall trend remained bearish with the stock closing 0.63% lower, slightly underperforming the Sensex. The downgrade to a Strong Sell Mojo Grade and persistent negative momentum indicators suggest that downside risks remain elevated. While some technical indicators hint at a mild easing of bearish pressure, the absence of strong volume support and confirmed trend reversal signals advises prudence. Market participants should closely monitor upcoming technical developments and sector dynamics before considering any change in stance.
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