Key Events This Week
19 Jan: Stock opens strong at Rs.47.99 (+4.03%) amid Sensex decline
20 Jan: New 52-week and all-time high at Rs.50.38 reached
21 Jan: Price rebounds to Rs.47.31 (+3.75%) after prior dip
22 Jan: Decline resumes, closing at Rs.45.19 (-4.48%)
23 Jan: Week closes at Rs.45.00 (-0.42%) with Sensex under pressure
Monday, 19 January: Strong Opening Amid Market Weakness
Shukra Bullions Ltd began the week on a positive note, closing at Rs.47.99, a gain of 4.03% despite the Sensex falling 0.49% to 36,650.97. The stock’s volume was robust at 2,773 shares, signalling strong buying interest. This divergence from the broader market suggested early optimism in the stock, possibly driven by anticipation of upcoming catalysts.
Tuesday, 20 January: New 52-Week and All-Time High at Rs.50.38
The highlight of the week came on Tuesday when Shukra Bullions Ltd surged to a new 52-week and all-time high of Rs.50.38. The stock opened with a gap up and reached this peak intraday, representing a 4.98% gain from Monday’s close. However, the day was volatile, with the price dipping to an intraday low of Rs.45.61, a 4.96% decline from the previous close, before settling near the low. The closing price reflected a -4.96% day change, indicating profit-taking after three consecutive days of gains.
Despite the intraday reversal, the stock remained above all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), signalling sustained medium- to long-term momentum. The broader market was weaker, with the Sensex dropping 1.82% to 35,984.65, underscoring Shukra Bullions’ relative strength amid market volatility.
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Wednesday, 21 January: Price Recovery Amid Market Decline
Following Tuesday’s volatility, the stock rebounded to close at Rs.47.31, up 3.75% on low volume of 465 shares. This recovery came despite the Sensex continuing its downward trend, falling 0.47% to 35,815.26. The bounce back suggested that the earlier dip was a short-term correction rather than a reversal of the uptrend. The stock’s ability to regain ground amid a weak market reinforced its relative resilience.
Thursday, 22 January: Renewed Selling Pressure
Shukra Bullions Ltd faced renewed selling pressure on Thursday, closing at Rs.45.19, down 4.48% on volume of 770 shares. This decline contrasted with the Sensex’s 0.76% gain to 36,088.66, indicating stock-specific weakness. The drop followed the prior day’s recovery and may reflect profit-taking or concerns about the stock’s recent rapid gains. The stock remained above key moving averages, but the sharp fall highlighted ongoing volatility.
Friday, 23 January: Week Ends on a Slight Decline
The week concluded with Shukra Bullions Ltd closing marginally lower at Rs.45.00, down 0.42% on volume of 746 shares. The Sensex fell 1.33% to 35,609.90, continuing the broader market weakness. The stock’s weekly decline of 2.45% was less severe than the Sensex’s 3.31% fall, indicating relative outperformance despite the negative trend. The price action reflected consolidation after a volatile week marked by a record high and subsequent pullbacks.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.47.99 | +4.03% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.45.60 | -4.98% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.47.31 | +3.75% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.45.19 | -4.48% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.45.00 | -0.42% | 35,609.90 | -1.33% |
Key Takeaways from the Week
1. Volatility Around Record High: The stock’s new 52-week and all-time high of Rs.50.38 on 20 January was a significant milestone, but the sharp intraday reversal and subsequent declines highlight short-term volatility and profit-taking pressures.
2. Relative Outperformance: Despite a 2.45% weekly decline, Shukra Bullions outperformed the Sensex, which fell 3.31%. This suggests the stock’s underlying strength amid broader market weakness.
3. Technical Momentum Maintained: The stock consistently traded above all major moving averages throughout the week, signalling sustained medium- and long-term positive momentum despite daily fluctuations.
4. Market Sentiment Remains Cautious: The Mojo Score of 44.0 and a ‘Sell’ grade reflect a cautious stance, even as the rating improved from ‘Strong Sell’ in December 2025. Investors should note the mixed signals from price action and technicals.
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Conclusion: A Week of Milestones and Market Challenges
Shukra Bullions Ltd’s week was defined by the achievement of a new 52-week and all-time high, underscoring the stock’s strong performance trajectory over the past year. However, the subsequent intraday volatility and price corrections reflect the challenges of sustaining momentum amid broader market weakness. The stock’s relative outperformance versus the Sensex and its position above key moving averages suggest underlying resilience, though the cautious Mojo rating signals that investors should remain vigilant. Overall, the week encapsulated both the promise and the risks inherent in Shukra Bullions’ current market phase.
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