New Peak Price and Intraday Performance
On the trading day, Sangam (India) Ltd opened with a significant gap up of 5.59%, signalling strong buying interest from the outset. The stock reached an intraday high of Rs.524.1, marking a 17.26% increase from its previous close. This new peak price represents a substantial rise from its 52-week low of Rs.295.25, underscoring a remarkable recovery and growth trajectory over the past year.
The stock outperformed its sector, the Textile segment, which itself gained 8.55% on the day. Sangam’s advance of 10.08% also exceeded the sector’s performance by 1.53%, highlighting its relative strength within the Garments & Apparels industry.
Technical Momentum and Moving Averages
Technically, Sangam (India) Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of short-, medium-, and long-term moving averages above the current price level is a classic indicator of sustained upward momentum. The stock’s recent gain follows a two-day decline, signalling a trend reversal and renewed investor confidence.
Market Context and Comparative Performance
While the broader market, represented by the Sensex, experienced a volatile session—opening 3,656.74 points higher before retreating by 1,361.15 points to close at 83,962.05, down 2.81%—Sangam (India) Ltd’s performance stood out. The Sensex remains 2.62% below its own 52-week high of 86,159.02, and is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating a mixed technical picture for the benchmark index.
In contrast, Sangam’s one-year return of 28.80% significantly outpaces the Sensex’s 8.82% gain over the same period. This outperformance is further emphasised by the stock’s ability to generate returns above the BSE500 index in the last three years, one year, and three months, demonstrating consistent market-beating results.
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Financial Performance Driving the Rally
Sangam (India) Ltd’s recent price surge is underpinned by strong financial fundamentals. The company reported a 12.14% growth in operating profit in the quarter ended December 2025, marking its second consecutive quarter of positive results. Operating profit has grown at an impressive annual rate of 74.32%, reflecting sustained operational efficiency and business expansion.
Profit before tax (PBT) excluding other income for the quarter stood at Rs.32.47 crores, representing a remarkable 190.9% increase compared to the previous four-quarter average. The company’s operating profit to interest ratio reached a high of 3.08 times, indicating robust coverage of interest expenses by earnings before interest and tax.
Quarterly PBDIT (Profit Before Depreciation, Interest and Tax) also hit a record Rs.84.38 crores, further signalling strong earnings quality. These financial metrics collectively highlight the company’s ability to generate healthy cash flows and maintain profitability amid competitive pressures.
Valuation and Quality Metrics
From a valuation standpoint, Sangam (India) Ltd presents an attractive profile. The company’s Return on Capital Employed (ROCE) stands at 6.9%, reflecting efficient utilisation of capital resources. Its enterprise value to capital employed ratio is 1.6, suggesting the stock is trading at a discount relative to its peers’ historical valuations.
The company’s PEG ratio of 0.6 further indicates that its price growth is favourable relative to earnings growth, supporting the stock’s valuation appeal. Over the past year, profits have risen by 59%, complementing the 28.80% return generated by the stock price, which underscores the alignment of earnings growth with market performance.
Sector and Market Positioning
Operating within the Garments & Apparels sector, Sangam (India) Ltd benefits from the textile industry’s overall positive momentum. The sector’s 8.55% gain on the day of the stock’s new high reflects broader demand and favourable market conditions. Sangam’s market capitalisation grade is rated 3, indicating a mid-tier market cap status within its industry.
Its Mojo Score of 70.0 and upgraded Mojo Grade from Hold to Buy on 19 Jan 2026 further attest to the company’s improving fundamentals and market standing. These ratings reflect comprehensive analysis of financial health, growth prospects, and valuation metrics.
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Institutional Holding Trends
Despite the positive price action and strong fundamentals, institutional investors have marginally reduced their stake by 0.68% over the previous quarter, currently holding 2.55% of the company’s shares. This slight decline in institutional participation contrasts with the stock’s upward trajectory but does not detract from the company’s overall performance metrics.
Summary of Key Metrics
To summarise, Sangam (India) Ltd’s new 52-week high of Rs.524.1 is supported by:
- Robust quarterly operating profit growth of 12.14% and annualised growth of 74.32%
- Strong PBT excluding other income growth of 190.9%
- Record quarterly PBDIT of Rs.84.38 crores
- Trading above all major moving averages, signalling sustained momentum
- Outperformance of sector and benchmark indices over one year and longer periods
- Attractive valuation metrics including ROCE of 6.9% and PEG ratio of 0.6
This combination of financial strength, technical momentum, and relative valuation underpins the stock’s recent rally and milestone achievement.
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