Key Events This Week
9 Feb: Negative financial trend reported amid mixed quarterly performance
12 Feb: Technical momentum shifts amid bearish sentiment
13 Feb: Week closes at Rs.288.75 (-9.40%)
9 February 2026: Negative Financial Trend Amid Mixed Quarterly Performance
On Monday, Sanghvi Movers reported a marked deterioration in its financial outlook for the quarter ended December 2025. Despite a robust 22.41% growth in net sales over the last six months, reaching ₹445.68 crores, the company’s profitability metrics showed strain. The operating profit to interest coverage ratio declined to 9.21 times, signalling rising financing costs and operational pressure.
Earnings per share contracted to ₹3.35, the lowest in recent quarters, while return on capital employed dropped to 12.25%, the lowest in recent history. The debt-equity ratio increased to 0.41 times, the highest in recent periods, alongside the highest quarterly interest expense of ₹9.27 crores. These factors contributed to a downgrade in the Mojo Grade from Hold to Sell as of 12 January 2026.
Reflecting these concerns, the stock closed at Rs.303.05 on 9 February, down 4.91% from the previous close, while the Sensex gained 1.04%. Intraday volatility was notable, with prices fluctuating between Rs.316.25 and Rs.325.15, indicating cautious investor sentiment amid mixed signals.
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10-11 February 2026: Continued Price Decline Amid Low Volumes
The stock continued its downward trajectory on 10 and 11 February, closing at Rs.300.10 (-0.97%) and Rs.292.70 (-2.47%) respectively. Trading volumes declined sharply to 9,769 and 4,466 shares, reflecting subdued investor interest. Meanwhile, the Sensex maintained modest gains of 0.25% and 0.13% on these days, underscoring the stock’s underperformance relative to the broader market.
This period saw no major news releases but was characterised by persistent selling pressure, likely influenced by the negative financial disclosures and cautious market sentiment.
12 February 2026: Technical Momentum Shifts Amid Bearish Sentiment
On 12 February, Sanghvi Movers’ technical indicators revealed a shift from a strongly bearish stance to a mildly bearish outlook, though the stock price remained under pressure. The stock closed at Rs.296.20, up 1.20% from the previous day, on low volume of 3,532 shares. Despite this slight uptick, the overall technical momentum remained weak.
Key indicators such as the weekly MACD remained bearish, while the monthly MACD turned mildly bullish, suggesting a tentative longer-term recovery potential. The Relative Strength Index hovered in a neutral zone, and Bollinger Bands continued to signal bearish conditions with the price near the lower band. Daily moving averages remained resistance levels, indicating challenges for short-term recovery.
MarketsMOJO downgraded the mojo grade further to Strong Sell as of 10 February, with a mojo score of 26.0, reflecting weak technical health. The market capitalisation grade stayed low at 3, consistent with subdued valuation relative to peers.
13 February 2026: Week Closes with Further Decline
The week concluded on a negative note with the stock closing at Rs.288.75, down 2.52% on 13 February. The Sensex also declined by 1.40%, but Sanghvi Movers’ weekly loss of 9.40% starkly contrasted with the Sensex’s modest 0.54% fall, highlighting significant underperformance. Trading volume was 4,749 shares, indicating continued low liquidity.
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Weekly Price Performance: Sanghvi Movers vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.303.05 | -4.91% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.300.10 | -0.97% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.292.70 | -2.47% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.296.20 | +1.20% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.288.75 | -2.52% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The company demonstrated strong revenue growth of 22.41% over six months, indicating sustained demand in its niche of heavy equipment transportation. The monthly MACD and weekly On-Balance Volume showed mild bullish tendencies, suggesting potential for longer-term recovery if fundamentals improve.
Cautionary Signals: Profitability metrics deteriorated with EPS contracting to ₹3.35 and ROCE falling to 12.25%. Rising debt levels and interest expenses increased financial risk. The stock’s weekly decline of 9.40% significantly outpaced the Sensex’s 0.54% fall, reflecting investor concerns. Technical indicators remain predominantly bearish, with the mojo grade downgraded to Strong Sell.
Conclusion
Sanghvi Movers Ltd’s week was characterised by a sharp decline in stock price driven by a negative financial trend and bearish technical momentum. Despite robust revenue growth, margin pressures and rising leverage have weighed heavily on investor sentiment. The stock’s underperformance relative to the Sensex and the downgrade to a Strong Sell rating underscore the challenges ahead. While some longer-term technical indicators hint at a possible easing of downward momentum, the prevailing environment advises caution. Investors should closely monitor upcoming financial disclosures and technical developments to assess any shifts in the company’s outlook.
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