Key Events This Week
Jan 05: Stock opens at Rs.78.03, down 1.48%
Jan 06: Modest recovery to Rs.78.60 (+0.73%)
Jan 08: Hits 52-week and all-time low near Rs.75
Jan 09: New 52-week and all-time low at Rs.74.05
5 January 2026: Weak Start Amid Broader Market Decline
Saraswati Saree Depot Ltd began the week on a subdued note, closing at Rs.78.03, down 1.48% from the previous Friday’s close of Rs.79.20. The decline was sharper than the Sensex’s 0.18% fall to 37,730.95, signalling early selling pressure. Trading volume was moderate at 860 shares, reflecting cautious investor sentiment. The stock’s underperformance aligned with sectoral pressures in garments and apparels, as well as broader market concerns.
6 January 2026: Slight Recovery Despite Sensex Dip
The stock rebounded modestly to Rs.78.60, gaining 0.73%, even as the Sensex declined further by 0.19% to 37,657.70. This intraday resilience suggested some short-term buying interest, though volume halved to 438 shares, indicating limited conviction. The stock remained below key moving averages, maintaining a cautious technical outlook. The slight uptick was insufficient to reverse the prevailing downtrend.
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8 January 2026: Stock Hits 52-Week and All-Time Low
The most significant event of the week occurred on 8 January, when Saraswati Saree Depot Ltd’s shares plunged to a fresh 52-week low of Rs.75 and an all-time low near Rs.75.8 intraday. The stock closed down 4.26% at Rs.74.83, underperforming the Sensex’s 1.41% decline to 37,137.33 and the garments and apparels sector by 1.29%. This marked the second consecutive day of losses, with the stock falling 3.31% over two days.
This sharp decline reflected sustained selling pressure amid a challenging sector environment and technical weakness, as the stock traded below all major moving averages. Despite the price drop, the company reported its highest quarterly net sales of Rs.208.39 crores and peak quarterly PBDIT of Rs.14.06 crores in the September 2025 quarter, highlighting a disconnect between fundamentals and market sentiment.
9 January 2026: New 52-Week and All-Time Low Amid Market Resilience
On the final trading day of the week, Saraswati Saree Depot Ltd’s stock declined further to close at Rs.73.77, marking a new 52-week and all-time low. The stock’s day change was -1.42%, slightly underperforming the Sensex’s 0.89% fall to 36,807.62. Notably, the stock showed a modest intraday recovery with a 0.23% gain at one point, outperforming its sector by 0.77%, but this was insufficient to reverse the overall downtrend.
The stock’s year-to-date loss reached approximately 42.2% from its 52-week high of Rs.128, underscoring the severity of the decline. Despite this, Saraswati Saree Depot Ltd maintains a strong return on equity of 16.84%, a debt-free balance sheet, and a relatively high dividend yield of 4.94%, which may offer some income support to investors amid the price weakness.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.78.03 | -1.48% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.78.60 | +0.73% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.78.16 | -0.56% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.74.83 | -4.26% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.73.77 | -1.42% | 36,807.62 | -0.89% |
Key Takeaways from the Week
1. Significant Underperformance: Saraswati Saree Depot Ltd’s 6.86% weekly decline far exceeded the Sensex’s 2.62% fall, reflecting company-specific challenges and sectoral headwinds.
2. New Lows Amidst Strong Fundamentals: The stock hit fresh 52-week and all-time lows despite reporting record quarterly net sales of Rs.208.39 crores and peak PBDIT of Rs.14.06 crores, highlighting a disconnect between operational performance and market valuation.
3. Technical Weakness Persists: Trading below all major moving averages, the stock remains in a sustained downtrend, signalling continued bearish momentum.
4. Attractive Dividend Yield and Conservative Capital Structure: With a dividend yield near 4.94% and zero debt, the company maintains financial stability, which may provide some cushion for investors amid price volatility.
Conclusion
The week ending 9 January 2026 was challenging for Saraswati Saree Depot Ltd, with the stock declining sharply to new lows and underperforming the broader market. Despite strong quarterly financial results and a robust balance sheet, the stock’s price has been weighed down by persistent sectoral pressures and technical weakness. The company’s Hold rating and mojo score of 53.0 reflect a cautious stance, balancing solid fundamentals against subdued market sentiment. Investors will likely continue to monitor the stock’s ability to stabilise amid ongoing market headwinds and sector challenges.
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