Key Events This Week
8 Jun: Stock opens at Rs.41.36, down 0.96% amid broad market weakness
9 Jun: Recovery to Rs.41.88 (+1.26%) supported by Sensex rally
11 Jun: Stock hits 52-week and all-time low of Rs.40.2 amid weak sales and market downturn
12 Jun: Partial rebound to Rs.40.91 (+2.74%) as Sensex gains 2.20%
8 June 2026: Week Opens with Decline Amid Market Weakness
Shree Ram Twistex Ltd began the week at Rs.41.36, down 0.96% from the previous close of Rs.41.76. This decline occurred alongside a broader market sell-off, with the Sensex falling 1.33% to 34,673.90 points. The stock’s volume was relatively low at 3,452 shares, reflecting cautious investor sentiment. The initial drop set a bearish tone for the week, with the stock underperforming the benchmark index.
9 June 2026: Stock Recovers on Sensex Rally
On 9 June, the stock rebounded to Rs.41.88, gaining 1.26% as the Sensex rallied 0.88% to 34,979.26 points. This recovery was supported by increased volume of 9,836 shares, indicating some renewed buying interest. Despite the bounce, the stock remained below its previous week’s close, signalling ongoing pressure. The positive market environment provided temporary relief but did not reverse the underlying downtrend.
11 June 2026: New 52-Week and All-Time Low Amid Weak Quarterly Sales
The most significant event of the week occurred on 11 June, when Shree Ram Twistex Ltd’s stock plunged to a fresh 52-week and all-time low of Rs.40.2. This represented a 4.16% decline on the day, sharply underperforming the Sensex’s 0.53% drop. The stock’s two-day losing streak culminated in a cumulative fall of 4.01%, reflecting sustained selling pressure.
This decline was driven by disappointing quarterly results for the period ending March 2026, which showed net sales contracting sharply by 39.6% to Rs.47.90 crores compared to the previous four-quarter average. Despite improved profitability metrics such as a 99.8% rise in profit before tax and a quarterly high operating profit margin of 19.98%, the sharp sales decline weighed heavily on investor confidence.
Technically, the stock traded below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), signalling a sustained bearish trend. The Mojo Grade was downgraded to Sell with a score of 45.0 on 1 June 2026, reflecting the cautious outlook amid these developments.
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12 June 2026: Partial Recovery as Market Gains Momentum
The stock partially recovered on 12 June, closing at Rs.40.91, up 2.74% on the day. This rebound coincided with a strong Sensex gain of 2.20% to 35,342.50 points, reflecting a broader market rally. However, the volume was subdued at 2,209 shares, suggesting limited conviction behind the bounce. Despite this uptick, the stock remained below its week’s opening price and well off recent highs, indicating that the downtrend remains intact.
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Daily Price Comparison: Shree Ram Twistex Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-06-08 | Rs.41.36 | -0.96% | 34,673.90 | -1.33% |
| 2026-06-09 | Rs.41.88 | +1.26% | 34,979.26 | +0.88% |
| 2026-06-10 | Rs.41.55 | -0.79% | 34,766.59 | -0.61% |
| 2026-06-11 | Rs.39.82 | -4.16% | 34,580.95 | -0.53% |
| 2026-06-12 | Rs.40.91 | +2.74% | 35,342.50 | +2.20% |
Key Takeaways from the Week
Negative Signals: The stock’s fall to a new 52-week and all-time low of Rs.40.2 on 11 June highlights significant downside risk. The sharp 39.6% decline in quarterly net sales has weighed heavily on sentiment, compounded by the stock trading below all major moving averages and a downgrade to a Mojo Grade of Sell. The two-day losing streak and underperformance relative to the Sensex underscore persistent bearish momentum.
Positive Aspects: Despite the sales contraction, profitability metrics showed improvement with a near doubling of profit before tax and a strong operating margin of 19.98%. The company’s low debt to EBITDA ratio of 0.92 times and absence of promoter share pledging indicate financial stability. The partial recovery on 12 June alongside a Sensex rally suggests some resilience amid broader market strength.
Technical and Market Context: The stock’s technical indicators remain mildly bearish, with key support near the 52-week low of Rs.39.52 and resistance around the 20-day moving average at Rs.43.35. Reduced trading volumes and a declining delivery trend point to cautious investor participation. The Sensex’s modest weekly gain contrasts with the stock’s decline, highlighting company-specific challenges.
Overall, Shree Ram Twistex Ltd’s week was marked by significant price weakness driven by disappointing sales and bearish technical signals, despite some underlying profitability improvements and a stable balance sheet.
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