Key Events This Week
Jan 19: Intraday low amid price pressure, stock closes at Rs.112.30 (-2.14%)
Jan 20: Continued intraday low, stock falls to Rs.107.85 (-3.96%)
Jan 22: Intraday high with 3.15% surge to Rs.111.20
Jan 22: Significant open interest surge of 14.6% in derivatives
Jan 23: Sharp open interest rise of 15.65% amid 2.47% price decline
Monday, 19 January 2026: Intraday Low Amid Price Pressure
Samvardhana Motherson International Ltd opened the week under pressure, closing at Rs.112.30, down 2.14% from the previous close. The stock touched an intraday low of Rs.110.75, marking a 3.49% drop intraday. This decline outpaced the Sensex’s 0.49% fall to 36,650.97, signalling relative weakness. The broader market mood was subdued, with the Sensex marking its third consecutive weekly loss. The stock traded below its short-term moving averages, reflecting short-term bearish momentum despite longer-term support from the 100-day and 200-day averages.
Tuesday, 20 January 2026: Continued Downtrend and Sectoral Headwinds
The downward trend intensified on 20 January, with the stock falling 3.96% to close at Rs.107.85, hitting an intraday low of Rs.108.75. This represented a cumulative 5.23% decline over two sessions. The stock underperformed both its sector, which fell 2.36%, and the Sensex, which declined 1.82%. Technical indicators remained bearish as the stock stayed below all major short- and medium-term moving averages. The market environment remained cautious, with the Sensex trading below its 50-day moving average and the stock’s Mojo Grade downgraded to Hold, reflecting a more cautious outlook.
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Thursday, 22 January 2026: Intraday High and Open Interest Surge
After two days of declines, the stock rebounded on 22 January, rising 1.41% to close at Rs.111.20, with an intraday high of Rs.113.30, a 3.33% gain from the previous close. This surge outperformed the Sensex’s 0.76% gain and the Auto Components sector’s advance, signalling relative strength. The stock’s intraday volatility was elevated at 26.49%, reflecting active trading. Concurrently, derivatives activity intensified, with open interest rising 14.6% to 53,918 contracts, indicating increased market participation and evolving positioning. Despite the gains, the stock remained below its short-term moving averages, suggesting resistance and consolidation.
Derivatives Market Activity: Heightened Open Interest and Volume
The surge in open interest on 22 January was accompanied by robust futures and options volumes, with a combined derivatives market value exceeding ₹1,25,959 lakhs. The futures segment alone accounted for ₹1,24,114 lakhs, while options contributed ₹13,696.7 crores in notional value. This heightened activity suggests fresh capital inflows and speculative interest, possibly anticipating further price movements. However, delivery volumes in the cash segment declined by 36.35%, indicating some profit-booking or reduced conviction among long-term holders.
Friday, 23 January 2026: Price Decline Amid Sharp Open Interest Increase
Despite the prior day’s gains, the stock closed lower on 23 January at Rs.108.45, down 2.47%, underperforming the Sensex’s 1.33% fall. The stock touched an intraday low of Rs.108.50. Notably, open interest surged sharply by 15.65% to 53,658 contracts, signalling increased speculative or hedging activity amid mixed price action. The stock’s technical position remained mixed, trading above its 200-day moving average but below all shorter-term averages. Delivery volumes fell significantly by 64.79% compared to the five-day average, suggesting cautious investor participation in the cash market despite active derivatives trading.
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Weekly Price Performance: Stock vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.112.30 | -2.14% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.107.85 | -3.96% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.109.65 | +1.67% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.111.20 | +1.41% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.108.45 | -2.47% | 35,609.90 | -1.33% |
Key Takeaways
1. Sharper Decline Than Benchmark: The stock’s 5.49% weekly fall exceeded the Sensex’s 3.31% decline, highlighting increased vulnerability amid market volatility.
2. Mixed Technical Signals: While the stock remained above its 200-day moving average, it consistently traded below shorter-term averages, indicating short-term resistance and consolidation phases.
3. Heightened Derivatives Activity: Significant open interest surges on 22 and 23 January suggest active repositioning by traders, possibly anticipating volatility or directional shifts.
4. Delivery Volume Decline: Falling delivery volumes amid rising derivatives activity point to reduced conviction among long-term holders and increased speculative trading.
5. Sectoral and Market Headwinds: The Auto Components sector faced pressure, with the stock underperforming its peers and the broader market, reflecting sector-specific challenges.
Conclusion
Samvardhana Motherson International Ltd experienced a challenging week marked by a 5.49% decline amid broader market weakness and sectoral headwinds. The stock’s price action reflected a tug-of-war between longer-term support and short-term resistance, with technical indicators signalling caution. Elevated derivatives market activity and open interest surges underscore active repositioning by traders, while declining delivery volumes suggest waning long-term investor conviction. As the stock navigates these mixed signals, its performance relative to the Sensex and sector will remain a key focus for market participants in the near term.
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