Key Events This Week
5 Jan: New 52-week and all-time high at Rs.46.49
6 Jan: Sharp correction to Rs.44.04 (-4.98%)
8 Jan: Recovery rally with 4.99% gain to Rs.45.66
9 Jan: New 52-week and all-time high at Rs.47.94
5 January: New 52-Week and All-Time High at Rs.46.49
Shukra Bullions Ltd began the week on a strong note, surging 4.67% to close at Rs.46.35, with an intraday high of Rs.46.49 marking a fresh 52-week and all-time peak. This gain was achieved despite the Sensex declining 0.18% to 37,730.95, highlighting the stock’s relative strength. The price rally was supported by a 14-day consecutive gain streak, delivering a near doubling of returns (97.24%) over that period. The stock traded well above all key moving averages, signalling robust technical momentum. The Mojo Score stood at 44.0 with a ‘Sell’ grade, upgraded from ‘Strong Sell’ earlier in December, reflecting cautious optimism amid strong price action.
6 January: Sharp Correction Amid Lower Volumes
On 6 January, the stock corrected sharply, falling 4.98% to Rs.44.04 on relatively low volume of 1,684 shares. This decline contrasted with a marginal Sensex drop of 0.19% to 37,657.70. The pullback followed the prior day’s strong rally and may reflect short-term profit-taking after the extended uptrend. Despite the setback, the stock remained above key moving averages, maintaining its overall bullish technical posture.
7 January: Modest Decline on Heavy Volume
Shukra Bullions Ltd continued to face selling pressure on 7 January, slipping 1.25% to Rs.43.49 on a surge in volume to 16,984 shares. The Sensex edged up 0.03% to 37,669.63, indicating a mixed market environment. The stock’s decline on heavy volume suggests some consolidation after the recent rally, though the price remained well supported above critical technical levels.
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8 January: Strong Recovery Amid Market Weakness
The stock rebounded sharply on 8 January, gaining 4.99% to close at Rs.45.66 on volume of 1,577 shares. This recovery was notable as the Sensex declined 1.41% to 37,137.33, reflecting broader market weakness. The price action demonstrated renewed buying interest and resilience, with the stock continuing to trade above all major moving averages. This day’s outperformance by nearly 6.4 percentage points versus the Sensex underscored the stock’s relative strength within its sector.
9 January: New 52-Week and All-Time High at Rs.47.94
Shukra Bullions Ltd capped the week by hitting a new 52-week and all-time high of Rs.47.94, closing at Rs.47.85, up 4.80% on volume of 6,643 shares. The stock opened with a gap up of 4.99%, maintaining gains throughout the session. This performance contrasted with the Sensex’s 0.89% decline to 36,807.62, further highlighting the stock’s outperformance. Over the last two days, the stock gained a cumulative 8.02%, outperforming the diversified commercial services sector by 4.62%. The sustained rally has propelled the stock’s one-year return to approximately 69.32%, vastly exceeding the Sensex’s 8.46% gain over the same period.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.46.35 | +4.67% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.44.04 | -4.98% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.43.49 | -1.25% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.45.66 | +4.99% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.47.85 | +4.80% | 36,807.62 | -0.89% |
Key Takeaways from the Week
Strong Outperformance: Shukra Bullions Ltd outpaced the Sensex by over 10 percentage points, gaining 8.06% while the benchmark fell 2.62%. This highlights the stock’s resilience amid broader market weakness.
Multiple New Highs: The stock set new 52-week and all-time highs twice during the week, on 5 and 9 January, signalling sustained bullish momentum.
Technical Strength: Consistent trading above all major moving averages throughout the week indicates robust technical support and positive investor sentiment.
Volatility and Consolidation: Midweek saw a correction and consolidation phase with a sharp drop on 6 January and a modest decline on 7 January, suggesting profit-taking and healthy price digestion before the final rally.
Mojo Rating Context: Despite strong price gains, the Mojo Score remains at 44.0 with a ‘Sell’ grade, upgraded from ‘Strong Sell’ in December, reflecting cautious fundamental assessment alongside technical strength.
Conclusion
Shukra Bullions Ltd’s performance in the week ending 9 January 2026 was marked by significant price appreciation and technical resilience, culminating in new all-time highs. The stock’s ability to outperform the Sensex amid a declining market underscores its relative strength within the diversified commercial services sector. While the Mojo Grade remains cautious, the upgrade from ‘Strong Sell’ and the sustained rally suggest improving fundamentals or market perception. Investors observing this stock will note the combination of strong momentum, healthy consolidation, and consistent outperformance as key features of its recent trajectory.
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