Key Events This Week
23 Feb: Stock opens at Rs.64.61, down 0.32%
24 Feb: Hits 52-week and all-time low of Rs.60.01
26 Feb: Midweek rebound with 3.52% gain to Rs.63.58
27 Feb: Week closes at Rs.61.68, down 2.99% on day
Monday, 23 February 2026: Modest Opening Decline Amid Broader Market Gains
Saraswati Saree Depot Ltd began the week at Rs.64.61, down 0.32% from the previous Friday’s close of Rs.64.82. This decline contrasted with the Sensex’s 0.39% gain to 36,817.86, indicating early signs of relative weakness. Trading volume was subdued at 750 shares, reflecting cautious investor sentiment ahead of anticipated earnings updates and sector developments.
Tuesday, 24 February 2026: Stock Hits 52-Week and All-Time Low at Rs.60.01
The most significant event of the week occurred on Tuesday, when Saraswati Saree Depot Ltd’s share price plummeted to Rs.60.01, marking both a 52-week and all-time low. This represented a sharp 2.29% decline on the day, amid a heavy trading volume of 2,802 shares. Despite the broader market’s decline of 0.78% in the Sensex, the stock’s fall was more pronounced, underscoring persistent selling pressure.
This new low capped a four-day losing streak that saw the stock fall 6.57%, reflecting deteriorating investor confidence. The stock traded below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling entrenched bearish momentum. The day’s decline was linked to the company’s disappointing quarterly financial results, which revealed a 59.6% drop in profit after tax (PAT) to Rs.3.21 crore and a 14.0% decline in net sales to Rs.144.47 crore compared to the previous four-quarter average.
Operating profit before depreciation, interest and taxes (PBDIT) also hit a low of Rs.4.75 crore, the weakest quarterly figure in recent periods. These results contributed to the stock’s sharp underperformance relative to its sector and the broader market.
Wednesday, 25 February 2026: Continued Decline Despite Sensex Recovery
On Wednesday, Saraswati Saree Depot Ltd’s shares declined further by 2.71% to Rs.61.42, with volume rising to 3,093 shares. This drop occurred despite the Sensex rebounding 0.41% to 36,679.75, highlighting the stock’s ongoing relative weakness. The sustained downtrend reflected investor concerns over the company’s subdued growth prospects and lacklustre profitability trends.
Turnaround taking shape! This Small Cap from NBFC sector just hit profitability with strong business fundamentals showing up. Catch it before the major breakout happens!
- - Recently turned profitable
- - Strong business fundamentals
- - Pre-breakout opportunity
Thursday, 26 February 2026: Midweek Rebound on Moderate Volume
Thursday saw a notable recovery as Saraswati Saree Depot Ltd’s stock gained 3.52% to close at Rs.63.58, reversing some of the prior losses. The volume was 2,654 shares, indicating moderate trading interest. This rebound occurred alongside a modest 0.19% gain in the Sensex to 36,748.49, suggesting some short-term relief in market sentiment.
However, the recovery was insufficient to break the overall downtrend, with the stock still trading well below key moving averages. The bounce may have been driven by technical buying or short-covering rather than a fundamental shift in outlook.
Friday, 27 February 2026: Week Ends with Sharp Decline Amid Market Weakness
The week concluded with a sharp 2.99% decline in Saraswati Saree Depot Ltd’s share price to Rs.61.68 on relatively low volume of 1,288 shares. This drop coincided with a significant 1.16% fall in the Sensex to 36,322.56, reflecting broader market weakness. The stock’s weekly performance of -4.84% notably underperformed the Sensex’s -0.96%, underscoring ongoing challenges for the company.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.64.61 | -0.32% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.63.13 | -2.29% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.61.42 | -2.71% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.63.58 | +3.52% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.61.68 | -2.99% | 36,322.56 | -1.16% |
Key Takeaways from the Week
Substantial Price Decline and Underperformance: Saraswati Saree Depot Ltd’s 4.84% weekly loss significantly outpaced the Sensex’s 0.96% decline, highlighting the stock’s relative weakness amid a challenging market backdrop.
New 52-Week and All-Time Low: The stock’s fall to Rs.60.01 on 24 February marked a critical technical low, reflecting sustained selling pressure and negative sentiment.
Weak Financial Results: The company’s quarterly PAT plunged 59.6% to Rs.3.21 crore, with net sales down 14.0% and operating profit at a recent low of Rs.4.75 crore. These figures underpin the stock’s poor performance and cautious outlook.
Technical Downtrend Confirmed: Trading below all major moving averages signals entrenched bearish momentum, with limited near-term support levels.
Valuation and Capital Structure: Despite the weak price action, Saraswati Saree Depot Ltd maintains a strong ROE of 16.84% and a zero debt-to-equity ratio, indicating efficient capital use and conservative leverage.
Why settle for Saraswati Saree Depot Ltd? SwitchER evaluates this micro-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
Conclusion
The week ending 27 February 2026 was challenging for Saraswati Saree Depot Ltd, with the stock declining 4.84% and hitting new lows amid disappointing quarterly results and persistent downtrend signals. While the company’s strong return on equity and debt-free balance sheet offer some positives, these have not been sufficient to arrest the stock’s slide. The stock’s consistent underperformance relative to the Sensex and sector peers underscores the difficulties faced in reversing its fortunes. Investors should note the entrenched bearish momentum and subdued financial performance as key factors shaping the stock’s near-term outlook.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
