Key Events This Week
9 Feb: Intraday low hit amid price pressure (Rs.3,035.75)
9 Feb: Surge in put option activity at 3,000 strike
13 Feb: Week closes at Rs.3,118.35 (-1.85%)
9 February: Intraday Low Amid Price Pressure
Siemens Ltd experienced a sharp decline on 9 February 2026, closing at Rs.3,109.10, down 2.14% from the previous close. The stock touched an intraday low of Rs.3,035.75, reflecting a 4.45% drop intraday and heightened volatility with a 45.97% intraday volatility measure. This decline was notable as it occurred despite the Sensex gaining 1.04% that day, closing at 37,113.23. The stock underperformed its sector peers by 3.91%, signalling company-specific selling pressure.
Technically, the stock traded above its 20-day moving average but remained below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating resistance at longer-term levels. This technical setup contributed to the price pressure and volatility observed. The decline extended a two-day losing streak, with the stock down 7.24% over that period.
9 February: Surge in Put Option Activity Reflects Bearish Sentiment
On the same day, Siemens Ltd emerged as the most active stock in put options trading, with 3,051 contracts exchanged at the 3,000 strike price for the 24 February expiry. This activity generated a turnover of approximately ₹27.36 crores, highlighting significant investor interest in downside protection or bearish speculation. The open interest of 1,294 contracts at this strike indicates sustained positioning rather than transient trades.
The underlying stock price of ₹3,088.70 at the time placed the 3,000 strike put slightly out-of-the-money but relevant for hedging strategies. This surge in put option volume aligns with the stock’s recent underperformance and technical weakness, suggesting investors are bracing for potential further declines ahead of the expiry.
Despite the heavy put activity, the broader market remained positive, with the Sensex up 0.40% on the day. Siemens Ltd’s relative underperformance and bearish options activity underscore company-specific concerns amid a resilient market backdrop.
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10–11 February: Modest Recovery Amid Mixed Market Signals
Following the sharp drop on 9 February, Siemens Ltd’s stock price stabilised, closing at Rs.3,110.25 on 10 February, a marginal gain of 0.04%. The Sensex also advanced by 0.25% to 37,207.34, indicating a generally positive market mood. Volume more than doubled to 70,244 shares, suggesting renewed investor interest.
On 11 February, the stock gained further, closing at Rs.3,152.05, up 1.34%, marking the week’s highest close. This rise coincided with the Sensex’s modest 0.13% gain to 37,256.72. The stock’s intraday strength suggested some short-term technical relief, though volumes remained relatively low at 10,104 shares.
12–13 February: Renewed Selling Pressure and Weekly Close
On 12 February, Siemens Ltd slipped slightly to Rs.3,146.35, down 0.18%, while the Sensex declined 0.56% to 37,049.40. The stock’s volume increased to 17,854 shares, reflecting cautious trading amid a weakening market.
The week concluded on 13 February with Siemens Ltd closing at Rs.3,118.35, down 0.89% on the day and 1.85% for the week. The Sensex fell 1.40% to 36,532.48, marking a broader market pullback. Volume rose to 36,892 shares, indicating active participation as investors digested the week’s developments.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.3,109.10 | -2.14% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.3,110.25 | +0.04% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.3,152.05 | +1.34% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.3,146.35 | -0.18% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.3,118.35 | -0.89% | 36,532.48 | -1.40% |
Key Takeaways
Price Pressure and Volatility: Siemens Ltd faced significant selling pressure early in the week, with an intraday low of Rs.3,035.75 on 9 February amid high volatility. This pressure was not mirrored by the broader market, which remained positive that day, highlighting company-specific challenges.
Bearish Options Activity: The surge in put option volume at the 3,000 strike price ahead of the 24 February expiry signals growing investor caution and hedging against further downside risk. This activity aligns with the stock’s technical weakness and recent price declines.
Technical Outlook: The stock’s position below key moving averages except the 20-day average suggests resistance at multiple levels, limiting upside momentum. The mixed technical signals contributed to the week’s choppy price action.
Relative Underperformance: Siemens Ltd’s 1.85% weekly decline outpaced the Sensex’s 0.54% fall, indicating relative weakness amid a broadly cautious market environment.
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Conclusion
Siemens Ltd’s performance in the week ending 13 February 2026 was characterised by notable price weakness and increased bearish sentiment, as evidenced by the intraday lows and heavy put option activity. Despite intermittent recovery attempts midweek, the stock closed the week down 1.85%, underperforming the Sensex’s 0.54% decline. Technical resistance at multiple moving averages and cautious investor positioning suggest that the stock faces near-term headwinds. Market participants should monitor upcoming corporate developments and the 24 February options expiry for further directional cues.
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