Key Events This Week
23 Feb: Stock opens at Rs.598.95, down 0.99%
24 Feb: Hits 52-week low of Rs.532.30, closes up 1.51% at Rs.608.00
25 Feb: Downgraded to Strong Sell; valuation shifts noted; closes at Rs.621.00 (+2.14%)
26 Feb: Sharp decline of 2.54% to Rs.605.20
27 Feb: Week closes at Rs.604.90, down 0.05%
23 February: Weak Start Amid Broader Market Gains
Shri Jagdamba Polymers Ltd opened the week at Rs.598.95, down 0.99% from the previous close, despite the Sensex rising 0.39% to 36,817.86. The stock’s decline contrasted with the broader market’s positive momentum, signalling early weakness. Trading volume was modest at 811 shares, reflecting subdued investor interest amid ongoing concerns about the company’s recent performance.
24 February: Sharp Intraday Fall to 52-Week Low Followed by Recovery
The stock experienced significant volatility on 24 February, plunging intraday to a 52-week low of Rs.532.30, marking a critical technical milestone amid a sustained downtrend. Despite this, it closed higher at Rs.608.00, up 1.51% on the day, recovering from the lows on increased volume of 1,440 shares. This rebound occurred even as the Sensex declined 0.78% to 36,530.09, highlighting the stock’s idiosyncratic volatility.
MarketsMOJO’s downgrade to a Strong Sell rating was announced on this day, citing deteriorating technical indicators and disappointing financial trends. The downgrade reflected a shift from a mild bearish to a more pronounced negative outlook, driven by bearish monthly momentum indicators and weak quarterly results. Despite an attractive valuation profile, the downgrade underscored heightened near-term risks.
Strong fundamentals, solid momentum, fair price – This Large Cap from the NBFC sector checks every box for our Top 1%. This should definitely be on your radar!
- - Complete fundamentals package
- - Technical momentum confirmed
- - Reasonable valuation entry
25 February: Valuation Shifts and Mixed Market Sentiment
The stock gained 2.14% to close at Rs.621.00 on 25 February, supported by a volume of 1,640 shares. This rise followed the previous day’s volatility and downgrade, reflecting a short-term technical bounce. The Sensex also rebounded 0.41% to 36,679.75, providing a more favourable market backdrop.
On this day, Shri Jagdamba Polymers Ltd’s valuation rating shifted from very attractive to attractive, signalling a subtle change in market perception. The company’s price-to-earnings ratio stood at 11.93, with a price-to-book value of 1.72 and an EV/EBITDA of 8.61, positioning the stock reasonably within its packaging sector peers. Despite this, the Mojo Score was downgraded to 28.0 with a Strong Sell grade, reflecting caution amid weak recent financial results and technical deterioration.
26 February: Profit Taking and Decline on Low Volume
Following the prior day’s gains, the stock declined 2.54% to Rs.605.20 on 26 February, with a notably lower volume of 350 shares. This pullback occurred despite the Sensex rising 0.19% to 36,748.49, indicating stock-specific profit taking or cautious positioning by investors. The decline brought the stock closer to the week’s opening level, underscoring the ongoing uncertainty surrounding its near-term trajectory.
Why settle for Shri Jagdamba Polymers Ltd? SwitchER evaluates this micro-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
27 February: Week Ends Flat Amid Market Weakness
The stock closed the week at Rs.604.90, down a marginal 0.05% on the day, with volume picking up to 626 shares. The Sensex fell 1.16% to 36,322.56, marking a weak finish to the week for the broader market. Shri Jagdamba Polymers Ltd’s near-flat weekly performance contrasted with the Sensex’s 0.96% decline, indicating relative resilience despite ongoing challenges.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.598.95 | -0.99% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.608.00 | +1.51% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.621.00 | +2.14% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.605.20 | -2.54% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.604.90 | -0.05% | 36,322.56 | -1.16% |
Key Takeaways
Mixed Price Action Reflects Volatility: The stock’s week was marked by sharp intraday swings, including a 52-week low on 24 February and a rebound the same day. This volatility highlights investor uncertainty amid deteriorating fundamentals and technical signals.
Deteriorating Technical and Financial Indicators: The downgrade to Strong Sell by MarketsMOJO reflects worsening momentum indicators and weak quarterly results, including the lowest recent net sales and PBDIT figures. These factors have weighed on sentiment despite an attractive valuation.
Valuation Remains Attractive but Insufficient: Shri Jagdamba Polymers Ltd’s valuation metrics, including a P/E of 11.93 and PEG ratio of 0.84, suggest reasonable pricing relative to earnings growth. However, these positives have not offset concerns about operational performance and technical weakness.
Relative Outperformance vs Sensex: The stock’s near-flat weekly performance contrasts with the Sensex’s 0.96% decline, indicating some resilience. Yet, the stock remains under pressure from sector headwinds and company-specific challenges.
Conclusion
Shri Jagdamba Polymers Ltd’s week was characterised by volatility and mixed signals. The stock’s decline to a 52-week low and subsequent rebound, coupled with a downgrade to Strong Sell, underscore the challenges facing the company amid weak financial results and bearish technical trends. While valuation metrics remain attractive relative to peers, they have not been sufficient to drive sustained price appreciation. The stock’s relative resilience against a declining Sensex offers some support, but ongoing caution is warranted given the uncertain near-term outlook. Investors should monitor upcoming financial disclosures and technical developments closely to assess any potential shifts in momentum.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
