Sangam (India) Ltd Gains 3.67%: 4 Key Factors Driving the Weekly Momentum

2 February 2026: Initial Weakness Amid Market Downturn

On the first trading day of the week, Sangam (India) Ltd’s stock price declined by 2.13% to close at Rs.446.95, underperforming the Sensex which fell 1.03% to 35,814.09. The volume was relatively low at 455 shares, reflecting subdued investor interest amid broader market weakness. This drop followed a period of consolidation but set the stage for a significant reversal in the days ahead.

3 February 2026: Breakout with New 52-Week High and Intraday Surge

The stock rebounded sharply on 3 February, surging 8.41% to close at Rs.484.55, significantly outperforming the Sensex’s 2.63% gain. Intraday, Sangam hit a new 52-week high of Rs.524.1, marking a 17.26% increase from the previous close. This rally was supported by a strong gap up of 5.59% at the open and sustained buying interest throughout the session, with volume spiking to 10,594 shares.

This price action reflected renewed investor confidence, bolstered by the company’s robust financial performance and a recent upgrade in its Mojo Grade from Hold to Buy. The stock outperformed its Garments & Apparels sector peers, which gained 8.55% on the day, underscoring its leadership within the industry. Technical indicators confirmed the strength, with the stock trading above all key moving averages and showing a positive medium-term trend.

Despite the broader market’s volatility, Sangam’s ability to maintain gains and reach new highs highlighted its resilience and growth potential. The company’s operating profit growth of 74.32% annually and a PBT growth of 190.9% for the recent quarter provided a strong fundamental underpinning for the price surge.

4 February 2026: Sustained Momentum with Moderate Gains

On 4 February, Sangam (India) Ltd continued its upward trajectory, gaining 0.98% to close at Rs.489.30 on moderate volume of 1,723 shares. The Sensex also advanced by 0.37%, closing at 36,890.21. The stock’s performance was supported by bullish technical momentum and an upgraded Mojo Grade score of 77.0, reflecting improved market sentiment and fundamentals.

Technical indicators such as the MACD and Bollinger Bands signalled sustained strength, while the Relative Strength Index remained neutral, suggesting room for further gains without immediate overbought risk. The stock’s position above all major moving averages reinforced the positive outlook, despite some mixed signals from oscillators like the Know Sure Thing (KST).

5 February 2026: Profit-Taking Leads to Moderate Decline

The stock experienced a pullback on 5 February, declining 1.82% to close at Rs.480.40 on low volume of 380 shares. This retreat came amid a broader market dip, with the Sensex falling 0.53% to 36,695.11. The modest profit-taking was a natural response following the strong gains earlier in the week, and the stock remained well above key moving averages, maintaining its overall bullish technical posture.

6 February 2026: Week Closes with Slight Decline but Positive Weekly Gain

On the final trading day of the week, Sangam (India) Ltd declined 1.45% to close at Rs.473.45, with volume picking up to 1,255 shares. The Sensex edged up 0.10% to 36,730.20. Despite the two-day decline, the stock ended the week with a solid 3.67% gain from the previous Friday’s close of Rs.456.70, outperforming the Sensex’s 1.51% rise over the same period.

The week’s price action reflected a consolidation phase after a strong breakout earlier, with investors digesting the recent gains. The stock’s technical indicators remain supportive, and the recent Mojo Grade upgrade to Buy with a score of 77.0 continues to signal positive medium-term prospects.

Daily Price Performance Comparison: Sangam (India) Ltd vs Sensex

Key Takeaways from the Week

Strong Rebound and Technical Breakout: After an initial decline on 2 February, Sangam (India) Ltd staged a robust recovery on 3 February, hitting a new 52-week high of Rs.524.1. This breakout was supported by a gap up and sustained buying, signalling renewed investor confidence and a positive shift in momentum.

Outperformance vs Sensex and Sector: The stock outpaced the Sensex’s 1.51% weekly gain with a 3.67% rise, and consistently outperformed the Garments & Apparels sector during key sessions, reflecting its leadership position and strong fundamentals.

Upgraded Mojo Grade and Positive Technical Indicators: The upgrade from Hold to Buy with a Mojo Score of 77.0 reinforced the stock’s appeal. Technical indicators such as MACD, moving averages, and Bollinger Bands confirmed bullish momentum, while neutral RSI readings suggest room for further gains.

Profit-Taking and Consolidation: The mild declines on 5 and 6 February indicate healthy profit-taking after strong gains, with the stock consolidating above key support levels. This phase may help stabilise the price before any further directional moves.

Conclusion

Sangam (India) Ltd’s performance during the week of 2 to 6 February 2026 was marked by a significant technical rebound and a new 52-week high, supported by strong financial results and an upgraded Mojo Grade. The stock demonstrated resilience amid mixed market conditions, outperforming the Sensex and its sector peers. While the latter part of the week saw some profit-taking, the overall trend remains positive with robust technical indicators signalling sustained momentum. Investors and market participants should note the stock’s high beta nature, which may lead to volatility, but the current fundamentals and technical backdrop position Sangam well within the garments and apparels sector for the near term.

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