Key Events This Week
Feb 09: Stock opens strong at Rs.178.35 (+2.47%)
Feb 12: Intraday low hit amid price pressure; Q3 profit plunges 78.90%
Feb 13: Stock falls to 52-week low of Rs.160.1; closes at Rs.157.45 (-6.94%)
Feb 13: Intraday low of Rs.157 amid significant selling pressure
Strong Start on 9 February Followed by Volatility
Shalby Ltd. began the week on a positive note, closing at Rs.178.35 on 9 February, up 2.47% from the previous close. This outperformance contrasted with the Sensex’s 1.04% gain to 37,113.23, signalling initial investor optimism. However, the momentum faltered the next day as the stock slipped 0.56% to Rs.177.35 despite the Sensex advancing 0.25%, indicating early signs of divergence.
Recovery on 11 February Briefly Reverses Downtrend
On 11 February, Shalby Ltd. rebounded to Rs.179.45, gaining 1.18%, marginally outperforming the Sensex’s 0.13% rise. The stock’s volume declined to 3,758 shares, suggesting cautious buying interest. This brief recovery, however, was insufficient to offset the mounting pressures that would emerge later in the week.
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Sharp Decline on 12 February Amid Profit Warning and Technical Breakdown
On 12 February, Shalby Ltd. faced significant selling pressure, closing at Rs.169.20, down 5.71%. The stock hit an intraday low of Rs.168.30, a 6.21% drop from the previous close, underperforming the hospital sector by 6.33% and the Sensex by 0.56%. This decline coincided with the release of the company’s Q3 FY26 results, which revealed a staggering 78.90% plunge in profit, compressing margins sharply and raising concerns about operational efficiency.
Technically, the stock breached all major moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), signalling sustained downward momentum. The Mojo Score remained at 40.0 with a 'Sell' grade, reflecting deteriorating fundamentals and market sentiment. The stock traded close to its 52-week low of Rs.160.75, underscoring the fragility of its price support.
Continued Downtrend and New 52-Week Low on 13 February
Shalby Ltd.’s decline accelerated on 13 February, with the stock closing at Rs.157.45, down 6.94% on the day and 12.51% over the two-day period. The stock touched a fresh 52-week low of Rs.160.1 during the session and an intraday low of Rs.157, marking a 7.21% intraday drop. This performance starkly contrasted with the Sensex’s 1.40% decline, highlighting Shalby’s relative weakness.
The stock underperformed its sector by 6.41%, reflecting sector-specific headwinds. The broader market opened sharply lower and closed down 1.26%, but Shalby’s steeper fall emphasised company-specific challenges. The technical picture remained bleak, with the stock trading below all key moving averages and facing immediate selling pressure.
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Daily Price Comparison: Shalby Ltd. vs Sensex (9-13 Feb 2026)
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.178.35 | +2.47% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.177.35 | -0.56% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.179.45 | +1.18% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.169.20 | -5.71% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.157.45 | -6.94% | 36,532.48 | -1.40% |
Key Takeaways
Profitability Concerns: The 78.90% plunge in Q3 FY26 profit and sharp margin compression have severely impacted investor confidence, signalling operational challenges.
Technical Weakness: The stock’s consistent trading below all major moving averages and fresh 52-week lows highlight sustained selling pressure and lack of near-term support.
Relative Underperformance: Shalby Ltd. underperformed the Sensex by over 9% during the week, reflecting sector-specific headwinds and company-specific issues.
Valuation and Market Sentiment: Despite healthy long-term sales and operating profit growth rates (23.17% and 25.38% annualised), the stock’s Mojo Score of 40.0 with a Sell grade and absence of domestic mutual fund holdings indicate cautious market sentiment.
Conclusion
Shalby Ltd.’s stock endured a difficult week marked by a sharp decline of 9.54%, driven by disappointing quarterly results, technical breakdowns, and sectoral pressures. The fresh 52-week lows and sustained underperformance relative to the Sensex underscore the challenges the company faces in regaining investor confidence. While the company’s long-term growth metrics remain positive, immediate concerns around profitability and leverage have weighed heavily on the stock. The current technical and fundamental landscape suggests that Shalby Ltd. remains under pressure, with market participants adopting a cautious stance amid broader market volatility and sector headwinds.
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