Recent Price Performance and Market Context
As of 25 Feb 2026, Shree Pushkar Chemicals & Fertilizers Ltd closed at ₹306.65, down 3.92% from the previous close of ₹319.15. The stock’s intraday range was between ₹304.45 and ₹321.60, indicating heightened volatility. Over the past week, the stock has plunged 13.56%, significantly underperforming the Sensex, which declined by only 1.47% in the same period. The one-month return also paints a grim picture, with the stock down 9.82% compared to a 0.84% gain in the benchmark index.
Year-to-date, the stock has lost 22.20%, while the Sensex has declined by a more modest 3.51%. Over the longer term, however, Shree Pushkar Chemicals has outperformed the Sensex, delivering a 74.33% return over three years and an impressive 121.01% over five years, underscoring its historical growth potential despite recent setbacks. The 52-week high stands at ₹476.60, while the low is ₹221.10, placing the current price closer to the lower end of its annual range.
Technical Trend Shift: From Mildly Bearish to Bearish
The technical trend for Shree Pushkar Chemicals has shifted from mildly bearish to outright bearish, signalling increased downside risk. This downgrade is reflected in the MarketsMOJO Mojo Grade, which was revised from Hold to Sell on 13 Feb 2026, with a Mojo Score of 40.0. The company’s market cap grade remains low at 4, consistent with its micro-cap status within the Dyes and Pigments sector.
Daily moving averages have turned bearish, with the stock trading below its key short- and medium-term averages, indicating downward momentum. The weekly and monthly Bollinger Bands also suggest bearish pressure, with the price approaching the lower band, often a sign of sustained selling.
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MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed but predominantly bearish outlook. On a weekly basis, the MACD is firmly bearish, with the MACD line below the signal line and both trending downward, signalling sustained selling pressure. The monthly MACD is mildly bearish, suggesting that while the longer-term momentum is weakening, it has not yet reached a critical low.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in a neutral zone. This indicates that the stock is neither oversold nor overbought, but the absence of bullish RSI divergence reduces the likelihood of an imminent reversal.
Other Technical Indicators: KST, OBV, and Dow Theory
The Know Sure Thing (KST) indicator offers a nuanced view: weekly readings are bearish, reinforcing short-term negative momentum, while monthly KST remains bullish, hinting at potential longer-term support. This divergence suggests that while immediate price action is weak, the stock may retain some underlying strength over a broader timeframe.
On-Balance Volume (OBV) readings are mildly bullish on a weekly basis and bullish monthly, indicating that volume trends do not fully confirm the price weakness. This could imply accumulation by informed investors despite the price decline.
Dow Theory assessments align with the broader bearish narrative, with both weekly and monthly trends classified as mildly bearish. This reinforces the view that the stock is in a corrective phase within its longer-term uptrend.
Comparative Sector and Market Performance
Within the Dyes and Pigments sector, Shree Pushkar Chemicals’ technical downgrade contrasts with some peers maintaining neutral or positive momentum. The sector itself has faced headwinds due to raw material cost pressures and subdued demand, which have weighed on valuations. The company’s micro-cap status and relatively low market cap grade of 4 further expose it to volatility and liquidity risks compared to larger, more stable peers.
Investors should note that despite recent weakness, the stock’s long-term returns remain robust, with a 10-year return of 189.02%, though this trails the Sensex’s 256.13% gain over the same period. This suggests that while the company has delivered value historically, recent technical deterioration warrants caution.
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Implications for Investors and Outlook
The technical downgrade to a Sell rating and the bearish momentum indicators suggest that investors should exercise caution with Shree Pushkar Chemicals & Fertilizers Ltd in the near term. The stock’s failure to hold above key moving averages and the negative MACD readings point to potential further downside, especially if broader market conditions deteriorate.
However, the mixed signals from volume-based indicators like OBV and the monthly KST’s bullish stance imply that some underlying support may exist, possibly from long-term investors viewing current levels as attractive entry points. The stock’s valuation and price action should be monitored closely for signs of stabilisation or reversal, particularly if the RSI moves into oversold territory or if the MACD shows signs of convergence.
Given the company’s historical outperformance over multi-year horizons, long-term investors with a higher risk tolerance might consider accumulating on dips, while short-term traders should heed the bearish technical signals and manage risk accordingly.
Summary
Shree Pushkar Chemicals & Fertilizers Ltd is currently navigating a challenging technical landscape marked by a shift from mildly bearish to bearish momentum. Key indicators such as MACD, moving averages, and Bollinger Bands confirm the negative trend, while RSI remains neutral. Volume indicators provide a slight counterbalance, suggesting some accumulation. The downgrade from Hold to Sell by MarketsMOJO reflects this technical deterioration, underscoring the need for caution. Investors should weigh the stock’s recent underperformance against its strong long-term returns and sector dynamics before making decisions.
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