Key Events This Week
09 Feb: Stock rallies 3.12% to Rs.64.79, outpacing Sensex
10 Feb: Technical momentum shifts amid bearish sentiment
12 Feb: Q3 FY26 results reveal deepening losses
13 Feb: Stock closes week at Rs.61.19, down 2.35% on final day
09 February 2026: Early Week Rally Outpaces Benchmark
Shalimar Paints began the week on a positive note, closing at Rs.64.79, a gain of 3.12% from the previous Friday’s close of Rs.62.83. This outperformance contrasted with the Sensex’s 1.04% rise to 37,113.23. The volume of 2,689 shares indicated moderate investor interest. This initial strength suggested a potential short-term recovery after recent weakness, setting an optimistic tone for the week.
10 February 2026: Technical Momentum Shifts Amid Bearish Sentiment
Despite the prior day’s gains, the stock reversed course on 10 Feb, closing at Rs.63.82, down 1.50%. This decline coincided with a detailed technical analysis revealing a complex interplay of bullish and bearish signals. While the weekly MACD and KST indicators showed mild bullishness, the monthly indicators remained bearish, reflecting persistent downward pressure. The stock’s 52-week high of Rs.138.50 remained distant, underscoring the struggle to regain momentum.
The technical outlook was further clouded by neutral RSI readings and Bollinger Bands suggesting downside risk. The Mojo Score of 9.0 categorised Shalimar Paints as a Strong Sell, highlighting the stock’s weak fundamentals despite short-term price fluctuations. The paints sector’s challenges, including raw material inflation and subdued demand, continued to weigh heavily on sentiment.
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11 February 2026: Consolidation Amid Low Volume
The stock closed marginally lower at Rs.63.79, down 0.05%, on significantly reduced volume of 782 shares. The Sensex continued its modest upward trajectory, gaining 0.13%. This day’s price action reflected investor hesitation, with technical indicators offering no clear directional signal. The stock hovered near the Rs.64 level, unable to sustain upward momentum amid broader market uncertainty.
12 February 2026: Q3 FY26 Results Reveal Deepening Losses
Shalimar Paints reported Q3 FY26 results that deepened concerns over its financial health. The company posted widening losses, signalling a structural crisis within its operations. This disappointing earnings announcement triggered a sharp sell-off, with the stock closing at Rs.62.66, down 1.77%. The Sensex also declined by 0.56%, closing at 37,049.40, but the stock’s fall was more pronounced.
The results underscored ongoing challenges in the paints sector, including cost pressures and weak demand, which have eroded profitability. The market’s reaction reflected scepticism about the company’s near-term prospects and ability to reverse the negative trend.
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13 February 2026: Week Ends on a Weak Note
The final trading day saw Shalimar Paints decline further by 2.35% to close at Rs.61.19, the lowest level of the week. This drop outpaced the Sensex’s 1.40% fall to 36,532.48, reflecting continued investor caution. The volume of 1,609 shares was moderate, indicating steady selling pressure. The week’s overall decline of 2.61% contrasted with the benchmark’s smaller 0.54% loss, marking a clear underperformance.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.64.79 | +3.12% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.63.82 | -1.50% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.63.79 | -0.05% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.62.66 | -1.77% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.61.19 | -2.35% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The week opened with a strong 3.12% rally, indicating some short-term buying interest. Technical indicators such as the weekly MACD and KST showed mild bullishness, suggesting potential for limited rebounds.
Cautionary Signals: Despite early gains, the stock’s technical momentum remains predominantly bearish, with monthly indicators and Bollinger Bands signalling downside risk. The Q3 FY26 results revealed deepening losses, highlighting structural issues that weigh heavily on the stock’s outlook. The Mojo Score of 9.0 (Strong Sell) reinforces the negative sentiment. The stock underperformed the Sensex by 2.07% over the week, reflecting broader sectoral and company-specific challenges.
Conclusion
Shalimar Paints Ltd.’s performance during the week of 9 to 13 February 2026 was marked by early optimism followed by sustained weakness. The technical momentum shift and disappointing quarterly results have compounded concerns about the company’s financial health and sectoral headwinds. The stock’s underperformance relative to the Sensex and its strong sell rating suggest that investors should approach with caution. Monitoring upcoming developments and technical levels will be essential to gauge any potential recovery or further deterioration in the near term.
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