Key Events This Week
Jan 19: Stock opens at ₹191.70, down 2.64%
Jan 20: Mojo Grade downgraded to Hold; stock closes at ₹189.25 (-1.28%)
Jan 21: Sharp decline of 5.07% to ₹179.65 amid technical momentum shift
Jan 22: Minor recovery with 1.45% gain to ₹182.25
Jan 23: Week closes lower at ₹178.00 (-2.33%)
Monday, 19 January 2026: Weak Start Amid Broader Market Decline
Shraddha Prime Projects Ltd opened the week at ₹191.70, down 2.64% from the previous Friday’s close of ₹196.90. This decline was sharper than the Sensex’s 0.49% fall to 36,650.97, signalling early weakness in the stock. The volume was moderate at 11,086 shares, reflecting cautious investor sentiment as the broader market faced pressure. The stock’s underperformance set the tone for a difficult week ahead.
Tuesday, 20 January 2026: Downgrade to Hold and Technical Momentum Shift
The stock closed at ₹189.25, down 1.28%, continuing its downward trajectory amid a significant development: MarketsMOJO downgraded Shraddha Prime Projects Ltd’s Mojo Grade from Buy to Hold. This decision was driven by mixed technical and financial signals, including a shift from a mildly bullish to a sideways technical trend. The downgrade reflected concerns over increased volatility, elevated debt levels, and limited institutional interest despite strong long-term growth.
Technical indicators showed a complex picture. The weekly MACD turned mildly bearish, while the monthly MACD remained bullish, suggesting consolidation rather than a clear reversal. The weekly RSI was neutral, but the monthly RSI had turned bearish, indicating potential longer-term weakness. Bollinger Bands on the weekly chart shifted to bearish, with the price testing the lower band, signalling increased downside risk. Daily moving averages remained mildly bullish, offering some short-term support.
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Wednesday, 21 January 2026: Sharp Decline Amid Technical Uncertainty
The stock suffered its steepest fall of the week, dropping 5.07% to close at ₹179.65 on relatively lower volume of 10,673 shares. This decline coincided with the technical momentum shift becoming more pronounced, as the Know Sure Thing (KST) oscillator and Dow Theory assessments turned mildly bearish on both weekly and monthly charts. The sideways trend and mixed signals contributed to increased selling pressure, with the stock underperforming the Sensex’s modest 0.47% decline.
Thursday, 22 January 2026: Minor Recovery on Positive Market Sentiment
After three consecutive days of losses, Shraddha Prime Projects Ltd rebounded modestly, gaining 1.45% to close at ₹182.25. The Sensex also recovered, rising 0.76% to 36,088.66. This uptick was supported by daily moving averages maintaining a mildly bullish stance, providing short-term technical support. However, the recovery was limited, reflecting ongoing uncertainty amid the broader realty sector’s challenges and the company’s elevated debt to EBITDA ratio of 5.57 times.
Friday, 23 January 2026: Week Ends Lower Amid Renewed Selling
The week concluded with the stock falling 2.33% to ₹178.00 on a volume of 8,200 shares, marking the lowest close of the week. The Sensex also declined 1.33% to 35,609.90, but the stock’s weekly loss of 9.60% significantly outpaced the benchmark’s 3.31% drop. The persistent selling pressure reflected investor caution following the downgrade and mixed technical signals, despite the company’s strong long-term returns and recent robust financial performance.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.191.70 | -2.64% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.189.25 | -1.28% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.179.65 | -5.07% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.182.25 | +1.45% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.178.00 | -2.33% | 35,609.90 | -1.33% |
Key Takeaways
Mixed Technical Signals and Downgrade: The downgrade to Hold by MarketsMOJO was driven by a shift in technical momentum from mildly bullish to sideways, with weekly MACD turning mildly bearish and monthly RSI signalling weakness. These indicators suggest increased volatility and uncertainty in the near term.
Strong Long-Term Returns but Elevated Debt: Despite short-term weakness, Shraddha Prime Projects Ltd boasts exceptional long-term returns, with a 10-year gain of 11,336.28%. However, the company’s high Debt to EBITDA ratio of 5.57 times raises concerns about financial flexibility, contributing to cautious sentiment.
Underperformance vs Sensex: The stock’s 9.60% weekly decline significantly outpaced the Sensex’s 3.31% fall, reflecting sector-specific pressures and company-specific risks. The limited institutional interest and modest market capitalisation grade further temper enthusiasm.
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Conclusion
Shraddha Prime Projects Ltd’s performance this week reflects a period of consolidation and caution following a downgrade and mixed technical signals. While the company’s long-term fundamentals and returns remain impressive, short-term volatility and elevated leverage have weighed on the stock price. The sideways technical trend and bearish weekly indicators suggest that investors should monitor developments closely before considering new positions. The stock’s underperformance relative to the Sensex highlights sectoral headwinds and company-specific risks that continue to influence market sentiment.
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