Key Events This Week
2 Feb: Stock opens week at Rs.3,680.50, up 1.52% despite Sensex decline
3 Feb: Intraday high of Rs.3,870 with 5.14% surge amid sector strength
4 Feb: Mixed technical signals emerge amid price momentum shift
6 Feb: Week closes at Rs.3,817.15, up 0.05% on final day
2 February 2026: Positive Start Despite Broader Market Weakness
Schaeffler India began the week on a positive note, closing at Rs.3,680.50, a gain of 1.52% from the previous Friday’s close of Rs.3,625.55. This rise was notable as the Sensex declined by 1.03% to 35,814.09 on the same day, reflecting the stock’s relative resilience. Trading volume was moderate at 1,691 shares, indicating steady investor interest amid a cautious market environment.
3 February 2026: Intraday High and Sectoral Strength Propel Gains
The stock surged 5.39% to close at Rs.3,878.85, hitting an intraday high of Rs.3,870. This marked the second consecutive day of gains, with the stock outperforming the Sensex’s 2.63% rise to 36,755.96. The auto components sector, particularly the bearings sub-sector, showed robust activity, with sector stocks gaining 5.24%. Schaeffler India’s outperformance within this sector highlighted its strong momentum and investor confidence.
Technically, the stock traded above its 5-day, 20-day, and 50-day moving averages, signalling short- to medium-term strength. However, it remained below its 100-day and 200-day averages, indicating that longer-term momentum had yet to fully align with the recent rally. This suggests a transitional phase in the stock’s trend dynamics.
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4 February 2026: Mixed Technical Signals Amid Price Momentum Shift
On 4 February, Schaeffler India’s share price retreated slightly by 1.21% to close at Rs.3,831.95, despite an intraday high of Rs.3,898.25. This pullback reflected a complex technical picture with mixed signals emerging across multiple indicators. The stock’s momentum shifted from bearish to mildly bearish, with the weekly MACD remaining negative but monthly MACD showing some improvement.
The Relative Strength Index (RSI) hovered in neutral territory, indicating neither overbought nor oversold conditions. Bollinger Bands presented conflicting signals, mildly bearish on the weekly scale but bullish monthly, suggesting potential for longer-term recovery if momentum sustains. Daily moving averages showed the stock close to key levels without a decisive breakout.
On-Balance Volume (OBV) was bullish on both weekly and monthly charts, signalling accumulation and buying interest despite the mixed price action. This divergence between volume and price momentum suggests cautious optimism amid technical uncertainty.
5 February 2026: Minor Decline Amid Reduced Volume
The stock edged down 0.44% to Rs.3,815.15 on low volume of 851 shares, reflecting a consolidation phase. The Sensex also declined by 0.53% to 36,695.11, indicating a broadly cautious market. The minor price dip and subdued trading volume suggest investors were awaiting clearer directional cues following the mixed technical signals observed the previous day.
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6 February 2026: Week Ends with Marginal Gain
The week concluded with a modest 0.05% gain to Rs.3,817.15, on volume of 1,725 shares. The Sensex rose 0.10% to 36,730.20, reflecting a broadly stable market environment. Schaeffler India’s ability to hold near-week highs despite mixed technical signals underscores its relative strength and investor interest within the auto components sector.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.3,680.50 | +1.52% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.3,878.85 | +5.39% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.3,831.95 | -1.21% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.3,815.15 | -0.44% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.3,817.15 | +0.05% | 36,730.20 | +0.10% |
Key Takeaways
Outperformance Amid Mixed Market: Schaeffler India’s 5.28% weekly gain significantly outpaced the Sensex’s 1.51% rise, demonstrating relative strength in a fluctuating market environment.
Sectoral Momentum Drives Gains: The auto components sector’s robust performance, particularly on 3 February, was a key catalyst for the stock’s intraday high and sustained upward momentum.
Technical Indicators Signal Caution: Mixed technical signals, including a mildly bearish MACD and neutral RSI, suggest the stock is in a transitional phase, with potential for consolidation before a clear trend emerges.
Volume Supports Accumulation: Bullish On-Balance Volume readings indicate buying interest, which could underpin future price stability or appreciation if confirmed by other indicators.
Mojo Score and Rating: The stock holds a Mojo Score of 48.0 with a Sell grade, reflecting cautious market sentiment amid technical uncertainties and a relatively low market capitalisation grade of 2.
Conclusion
Schaeffler India Ltd’s performance this week reflects a blend of strong sectoral tailwinds and a complex technical backdrop. The stock’s 5.28% gain and outperformance of the Sensex underscore its resilience and active investor interest within the auto components space. However, the mixed technical signals and cautious rating suggest that the stock is navigating a period of consolidation and transition. Investors should monitor key technical indicators and volume trends closely in the coming weeks to gauge whether a sustained uptrend will materialise. Until then, the stock’s trajectory remains subject to evolving market dynamics and sectoral developments.
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