Key Events This Week
5 Jan: Intraday high of Rs.88.49 with 6.24% closing gain amid heavy volume
6 Jan: Sharp price decline of 3.78% on heavy trading volume
7 Jan: Continued price drop of 1.52% with subdued volume
8 Jan: Further decline of 3.72% as Sensex falls sharply
9 Jan: Week closes at Rs.78.12, down 2.29% on the day
Monday, 5 January: Strong Intraday Rally Amid Heavy Volume
SJVN Ltd. began the week with a robust performance, surging 6.24% to close at Rs.87.63, supported by an intraday high of Rs.88.49. The stock’s rally was accompanied by exceptional trading volumes exceeding 3.14 crore shares, translating to a traded value of approximately ₹273.69 crores. This volume placed SJVN among the most actively traded stocks on the exchange that day.
Institutional interest was evident, with delivery volumes on 2 January soaring by 657.28% compared to the five-day average, signalling genuine accumulation. The stock outperformed the power sector, which declined 0.70%, and the Sensex, which fell 0.18%. Despite this strong technical momentum, SJVN remained below its 200-day moving average, reflecting longer-term resistance.
However, the company’s Mojo Score remained at 27.0 with a Strong Sell rating, indicating fundamental concerns despite the short-term price strength.
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Tuesday, 6 January: Sharp Price Decline Despite Heavy Trading
The momentum reversed sharply on 6 January as SJVN’s stock price fell 3.78% to Rs.84.32, underperforming both the power sector’s modest 0.14% gain and the Sensex’s 0.19% decline. The stock witnessed heavy trading volume of nearly 8.9 million shares, with a traded value of approximately ₹75.32 crores, indicating significant investor activity.
The weighted average price was closer to the day’s low, suggesting distribution and selling pressure. Technically, the stock remained above its short-term moving averages but below the 100-day and 200-day averages, signalling mixed trends. Delivery volumes surged by 336.32% on 5 January, but the price decline on 6 January suggests that some investors may have been offloading shares amid the strong sell rating.
Wednesday to Friday: Continued Downtrend Amid Market Weakness
From 7 to 9 January, SJVN’s stock price continued its downward trajectory, closing at Rs.83.04 (-1.52%), Rs.79.95 (-3.72%), and Rs.78.12 (-2.29%) respectively. These declines coincided with a weakening Sensex, which fell 0.03%, 1.41%, and 0.89% on the same days, reflecting broader market pressures.
Volumes were subdued compared to earlier in the week, with 482,408 shares traded on 7 January and 549,228 shares on 9 January. The stock’s technical indicators remained mixed, with short-term averages providing some support but longer-term averages and momentum indicators signalling caution. The persistent strong sell Mojo Grade and low Mojo Score underscored fundamental concerns that weighed on investor sentiment.
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Weekly Price Performance: SJVN Ltd. vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.87.63 | +5.60% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.84.32 | -3.78% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.83.04 | -1.52% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.79.95 | -3.72% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.78.12 | -2.29% | 36,807.62 | -0.89% |
Key Takeaways from the Week
Positive Signals: The strong intraday rally on 5 January, supported by exceptional volume and institutional participation, indicated short-term buying interest and accumulation. The stock’s ability to outperform the Sensex and power sector on that day highlighted its relative strength amid a cautious market.
Cautionary Signals: Despite the early-week gains, SJVN’s price declined steadily from 6 January onwards, underperforming the broader market. The recent downgrade to a Strong Sell Mojo Grade and a low Mojo Score of 27.0 reflect fundamental weaknesses and sectoral headwinds. Heavy volume on down days suggests distribution rather than accumulation. Technical indicators remain mixed, with the stock below its 200-day moving average and momentum oscillators signalling fragility.
Liquidity remains adequate for institutional trading, but the divergence between technical momentum and fundamental ratings advises prudence. The stock’s mid-cap status and market capitalisation of approximately ₹33,000 crores position it as a significant player in the power sector, but investor sentiment remains cautious.
Conclusion: A Week of Volatility Amid Mixed Signals
SJVN Ltd.’s week was characterised by sharp volatility, beginning with a strong rally on 5 January driven by heavy volume and institutional interest, followed by a sustained decline through to 9 January. The stock’s underperformance relative to the Sensex and power sector during the latter part of the week, combined with a strong sell rating, underscores ongoing fundamental challenges.
While short-term technical indicators showed some improvement early in the week, the prevailing bearish momentum and cautious market environment suggest that investors should approach SJVN with care. Monitoring upcoming corporate developments and sectoral trends will be essential to gauge whether the recent volatility stabilises or signals further downside risk.
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