Key Events This Week
2 Feb: Stock opens at Rs.216.05, down 2.61%
3 Feb: Significant gap up with strong intraday gains
4 Feb: Q3 FY26 results reveal profit decline despite revenue growth
5 Feb: Intraday low hit amid heavy price pressure and volatility
6 Feb: Week closes at Rs.212.30, down 0.52% on the day
2 February 2026: Weak Start Amid Broader Market Decline
Sandur Manganese & Iron Ores Ltd began the week on a subdued note, closing at Rs.216.05, down 2.61% from the previous close. This underperformance was in line with the Sensex’s 1.03% decline to 35,814.09 points. The stock’s volume stood at 137,098 shares, reflecting moderate trading interest. The initial weakness set a cautious tone ahead of the week’s key events.
3 February 2026: Strong Gap Up and Intraday Gains
The stock rebounded sharply on 3 February, opening 5.16% higher than the prior close and reaching an intraday high of Rs.229, a 5.99% increase. It closed at Rs.223.60, up 3.49% on the day, slightly lagging the Sensex’s 2.63% gain but outperforming its sector by 1.99%. This gap up reflected positive market sentiment and short-term momentum, with the stock trading above its 5-day, 50-day, 100-day, and 200-day moving averages, though still below the 20-day average. The elevated beta of 1.53 contributed to the pronounced price movement, signalling heightened volatility.
4 February 2026: Q3 FY26 Results Reveal Profit Pressure
Sandur Manganese & Iron Ores Ltd reported its Q3 FY26 earnings, showing strong revenue growth but a decline in profit amid volume pressures. This mixed financial performance introduced caution among investors, tempering the optimism from the previous day’s gains. The results highlighted operational challenges despite top-line expansion, influencing sentiment going into the next trading session.
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5 February 2026: Intraday Low Amid Heavy Selling Pressure
The stock experienced a sharp reversal on 5 February, opening with a 2.44% gap down and hitting an intraday low of Rs.211, down 8.74% from the previous close. It closed at Rs.213.40, a 7.70% decline on the day, significantly underperforming the Sensex’s 0.53% fall. Intraday volatility was elevated at 53.14%, reflecting active repositioning by traders. The stock traded below its 5-day, 20-day, and 50-day moving averages, signalling weakening momentum despite remaining above the 100-day and 200-day averages. This price action marked a clear shift from the prior days’ gains, influenced by profit-taking and reassessment following the earnings announcement.
6 February 2026: Modest Decline to Close the Week
On the final trading day of the week, Sandur Manganese & Iron Ores Ltd closed at Rs.212.30, down 0.52% from the previous day’s close. The Sensex gained a marginal 0.10%, closing at 36,730.20 points. Volume was moderate at 130,212 shares. The stock’s weekly performance ended with a 4.30% loss, contrasting with the Sensex’s 1.51% gain, underscoring the stock’s underperformance amid mixed market conditions and company-specific challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.216.05 | -2.61% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.223.60 | +3.49% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.231.20 | +3.40% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.213.40 | -7.70% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.212.30 | -0.52% | 36,730.20 | +0.10% |
Key Takeaways
Mixed Weekly Performance: Sandur Manganese & Iron Ores Ltd’s 4.30% weekly decline contrasts with the Sensex’s 1.51% gain, indicating stock-specific challenges amid broader market strength.
Volatility and Momentum Shifts: The week featured a strong gap up on 3 February, followed by a sharp intraday drop on 5 February, reflecting heightened volatility and shifting investor sentiment.
Impact of Earnings: The Q3 FY26 results showed revenue growth but profit decline due to volume pressures, contributing to cautious trading and price correction.
Technical Signals: The stock’s breach below short-term moving averages on 5 February signals weakening momentum, while remaining above longer-term averages suggests underlying support.
Mojo Rating and Market Position: With a Mojo Score of 61.0 and a ‘Hold’ rating, the stock reflects a cautious stance amid recent volatility and mixed fundamentals.
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Conclusion
Sandur Manganese & Iron Ores Ltd’s week was characterised by significant price swings and a net decline of 4.30%, underperforming the broader market’s 1.51% gain. The initial optimism from a strong gap up on 3 February was tempered by profit pressures revealed in the Q3 FY26 results and a sharp intraday sell-off on 5 February. Technical indicators point to a weakening short-term momentum, though longer-term support remains intact. The stock’s high beta contributed to its volatility, underscoring the need for cautious monitoring in the near term. While the company’s fundamentals show mixed signals, the current market environment and recent rating downgrade to ‘Hold’ reflect a prudent approach by investors as they digest the latest developments.
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