Key Events This Week
2 Feb: Stock opens at Rs.72.07, declines 1.56% amid broad market weakness
3 Feb: Modest recovery to Rs.72.37 (+0.42%) as Sensex rallies 2.63%
4 Feb: Sharp jump to Rs.77.20 (+6.67%) on technical momentum shift
5 Feb: Profit-taking and technical downgrade weigh; stock falls 2.31% to Rs.75.42
6 Feb: Q3 margin collapse triggers heavy sell-off; stock closes at Rs.71.77 (-4.84%)
2 February: Weak Start Amid Market Downturn
Shree Digvijay Cement began the week at Rs.72.07, down 1.56% from the previous Friday’s close of Rs.73.21. This decline coincided with a broader market sell-off as the Sensex dropped 1.03% to 35,814.09. The stock’s volume was modest at 4,879 shares, reflecting cautious investor sentiment amid uncertain macroeconomic cues.
3 February: Slight Recovery on Sensex Rally
The stock edged up 0.42% to Rs.72.37, supported by a strong Sensex rally of 2.63% to 36,755.96. Volume nearly doubled to 8,715 shares, indicating increased trading interest. Despite the market optimism, Shree Digvijay Cement’s gains remained subdued, suggesting underlying stock-specific caution.
4 February: Technical Momentum Spurs Sharp Rally
On 4 Feb, the stock surged 6.67% to Rs.77.20, marking the week’s high. This jump was driven by a shift in technical momentum from mildly bearish to sideways, as highlighted by improved daily moving averages and a bullish weekly RSI. The stock outperformed the Sensex’s modest 0.37% gain, with volume steady at 7,729 shares. This rally reflected short-term optimism amid mixed longer-term signals.
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5 February: Profit-Taking and Technical Downgrade Weigh on Price
The stock retreated 2.31% to Rs.75.42 amid profit-taking and a downgrade in its technical Mojo Grade to Sell from Hold. The day’s trading range was volatile, with the stock swinging between Rs.71.50 and Rs.77.40. Despite the intraday gains earlier in the week, the overall technical profile remained mixed, with bearish MACD and weekly KST indicators contrasting with short-term bullish RSI and moving averages. Volume surged to 14,563 shares, reflecting heightened investor activity amid uncertainty.
6 February: Q3 Margin Collapse Triggers Sharp Decline
Shree Digvijay Cement closed the week with a sharp 4.84% fall to Rs.71.77 on heavy volume of 52,083 shares. The decline followed the release of Q3 FY26 results revealing a significant margin collapse despite revenue growth. This earnings disappointment intensified selling pressure, overwhelming the short-term bullish technical signals. The Sensex closed marginally higher by 0.10%, underscoring the stock’s underperformance relative to the broader market.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.72.07 | -1.56% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.72.37 | +0.42% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.77.20 | +6.67% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.75.42 | -2.31% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.71.77 | -4.84% | 36,730.20 | +0.10% |
Key Takeaways
Mixed Technical Signals: The stock’s technical momentum shifted from mildly bearish to sideways, with short-term indicators like daily moving averages and weekly RSI showing bullish signs, while medium and long-term indicators such as MACD, weekly KST, and Dow Theory remained bearish or cautious. This divergence suggests a consolidation phase with uncertain trend direction.
Volatile Price Action: The week saw a sharp intraday rally to Rs.77.20 (+6.67%) followed by profit-taking and a steep decline to Rs.71.77 (-4.84%) on the final day, highlighting heightened volatility and investor indecision.
Quarterly Results Impact: The Q3 FY26 earnings report revealed a margin collapse despite revenue growth, triggering a significant sell-off on 6 Feb. This fundamental weakness overshadowed the short-term technical optimism and contributed to the week’s overall decline.
Underperformance vs Sensex: While the Sensex gained 1.51% over the week, Shree Digvijay Cement fell 1.97%, indicating relative weakness amid a broadly positive market environment.
Mojo Grade Downgrade: The downgrade to a Sell rating and a Mojo Score of 37.0 reflect increased caution among analysts, signalling that the stock faces near-term headwinds despite some technical recovery attempts.
Conclusion
Shree Digvijay Cement Co. Ltd’s week was characterised by a volatile trading range and a complex technical backdrop. The initial technical momentum shift provided a brief rally, but this was undermined by disappointing quarterly margins and mixed medium-term indicators. The stock’s underperformance relative to the Sensex and the downgrade to a Sell rating underscore the challenges ahead. Investors should remain cautious and monitor both technical developments and fundamental results closely before considering new positions in this stock.
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