Key Events This Week
2 Feb: Stock hits 52-week low at ₹51.65 amid underperformance
3 Feb: Strong rebound with 4.32% gain on heavy volume
5 Feb: Q3 FY26 results show narrowing losses but persistent operational issues
6 Feb: Week closes at ₹57.50, up 6.64% for the week
2 February 2026: Stock Hits 52-Week Low Amid Continued Underperformance
Shiva Mills Ltd’s share price opened the week under significant pressure, falling to a new 52-week low of ₹51.65 on 2 February 2026. The stock declined by 7.30% on the day, underperforming the broader market which saw the Sensex close down 1.03%. This sharp drop reflected ongoing concerns about the company’s financial health and operational performance. The stock traded below all key moving averages, signalling a sustained bearish trend. Despite the broader market’s resilience, Shiva Mills faced company-specific headwinds, including a steep decline in net sales and profitability over recent quarters.
3 February 2026: Strong Rebound on Heavy Volume
Following the steep decline, Shiva Mills rebounded strongly on 3 February, gaining 4.32% to close at ₹56.50. This recovery was supported by a surge in trading volume to 7,866 shares, indicating renewed investor interest. The Sensex also rallied, gaining 2.63%, but Shiva Mills outperformed the benchmark significantly. This bounce back suggested some short-term buying interest despite the company’s longer-term challenges.
4 February 2026: Continued Gains Amid Market Stability
The stock extended its gains on 4 February, rising 6.18% to ₹59.99. The Sensex posted a modest 0.37% increase, highlighting Shiva Mills’ outperformance. The price movement reflected a technical recovery from the prior week’s lows, although volumes moderated to 930 shares. The stock’s rise brought it closer to key resistance levels, but fundamental concerns remained unresolved.
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5 February 2026: Q3 FY26 Results Show Narrowing Losses but Operational Struggles Persist
On 5 February, Shiva Mills announced its Q3 FY26 financial results, revealing a narrowing of losses but continued operational difficulties. The stock price dipped 0.87% to ₹59.47 amid subdued trading volume of 711 shares. The results highlighted a decline in net sales by 36.68% to ₹30.44 crore compared to the previous quarter, underscoring persistent revenue pressures. Despite some improvement in loss margins, the company’s profitability remains under strain, reflected in a negative operating profit CAGR of -210.36% over five years and an average return on equity of just 5.64%. These factors contributed to cautious investor sentiment despite the recent price recovery.
6 February 2026: Week Closes with Slight Decline Amid Mixed Market Signals
The week concluded on 6 February with Shiva Mills closing at ₹57.50, down 3.31% on the day but still up 6.64% for the week. Trading volume was notably low at 68 shares, indicating reduced market activity. The Sensex posted a marginal gain of 0.10%, reflecting a broadly stable market environment. The stock’s decline on the final day tempered the week’s earlier gains but maintained an overall outperformance relative to the benchmark. The mixed price action mirrored ongoing uncertainty about the company’s ability to overcome its operational challenges in the near term.
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Daily Price Comparison: Shiva Mills vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.54.16 | +0.45% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.56.50 | +4.32% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.59.99 | +6.18% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.59.47 | -0.87% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.57.50 | -3.31% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: Shiva Mills outperformed the Sensex with a weekly gain of 6.64% versus the benchmark’s 1.51%, driven by strong rebounds on 3 and 4 February. The stock’s recovery from a 52-week low indicates some resilience and short-term buying interest.
Cautionary Signals: Despite the price gains, the company’s financial results reveal ongoing operational struggles, including a 36.68% decline in net sales and a deeply negative operating profit CAGR over five years. The Mojo Grade remains at Strong Sell, reflecting persistent risks. Low trading volumes towards the week’s end suggest limited conviction among investors.
Market Context: The broader market showed mixed performance with the Sensex recovering from early losses and ending the week positively. Shiva Mills’ price movements were more volatile, influenced by company-specific news rather than general market trends.
Conclusion
Shiva Mills Ltd’s week was marked by a volatile but ultimately positive price performance, recovering from a 52-week low to close with a 6.64% gain. However, the underlying financial and operational challenges remain significant, as evidenced by declining sales and persistent losses. The stock’s outperformance relative to the Sensex reflects short-term technical rebounds rather than a fundamental turnaround. Investors should remain cautious given the company’s Strong Sell Mojo Grade and subdued trading volumes. The week’s developments underscore the need for sustained operational improvements before a more durable recovery can be expected.
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