SJVN Ltd Gains 6.07%: 5 Key Factors Driving the Weekly Rally

9 February 2026: Steady Start Amid Broad Market Gains

SJVN Ltd. began the week on a positive note, closing at ₹73.32, up 1.44% from the previous Friday’s close of ₹72.28. This gain slightly outpaced the Sensex’s 1.04% rise to 37,113.23. Trading volume was moderate at 3,79,705 shares, reflecting steady investor interest. The stock traded within a narrow range, indicating consolidation after recent volatility.

10 February 2026: Technical Momentum Shifts Amid Mixed Signals

On 10 February, SJVN’s technical momentum showed a nuanced shift. Despite a modest decline of 0.71% to ₹72.80, the stock’s broader technical indicators revealed a transition from strongly bearish to mildly bearish. The Moving Average Convergence Divergence (MACD) on weekly charts turned mildly bullish, while monthly indicators remained bearish. The Relative Strength Index (RSI) hovered neutrally, and Bollinger Bands suggested subdued volatility. The stock’s mojo rating remained at a cautious Sell grade with a score of 35.0, reflecting mixed investor sentiment amid technical uncertainty.

11 February 2026: Intraday Surge and Strong Outperformance

SJVN Ltd. recorded a remarkable intraday surge on 11 February, climbing 6.17% to close at ₹77.29, with an intraday high of ₹77.95. This 6.21% gain significantly outperformed the Sensex, which rose marginally by 0.13% to 37,256.72. The stock’s volume spiked to 22,90,654 shares, indicating heightened trading activity. Price action showed the stock closing above its 5-day, 20-day, and 50-day moving averages, signalling short- to medium-term strength, although it remained below longer-term averages. This day’s performance marked a clear positive momentum shift amid a broadly flat market.

12 February 2026: Flat Quarterly Results Amid Rising Debt and Volume Surge

SJVN announced flat quarterly financial results for the December 2025 quarter, with net sales reaching a record ₹1,081.97 crores and profit after tax surging 50.6% to ₹224.38 crores. However, rising interest expenses, which increased 49.12% to ₹559.75 crores, and a deteriorating return on capital employed (ROCE) of 4.08% raised concerns about margin sustainability. The debt-to-equity ratio climbed to 2.03 times, signalling increased leverage. Despite these cautionary fundamentals, the stock surged 2.34% to ₹79.10 on exceptionally high volume of 34,32,917 shares and traded value of approximately ₹193.66 crores, driven by strong institutional interest and delivery volumes spiking 247.64% above average. The mojo rating was upgraded from Strong Sell to Sell, reflecting cautious optimism.

13 February 2026: Profit Taking Amid Broader Market Weakness

The week concluded with SJVN Ltd. retreating 3.07% to close at ₹76.67, on volume of 8,82,997 shares. This decline came amid a broader market sell-off, with the Sensex falling 1.40% to 36,532.48. Despite the day’s pullback, the stock ended the week with a strong 6.07% gain, significantly outperforming the Sensex’s 0.54% loss. The price remains below the 52-week high of ₹107.50 but comfortably above the 52-week low of ₹68.17, reflecting a wide trading range and ongoing volatility.

Key Takeaways

Positive Signals: SJVN Ltd. outperformed the Sensex by over 6.6% this week, driven by strong intraday gains and a surge in institutional participation. The stock’s price action above short- and medium-term moving averages on multiple days indicates improving momentum. Record quarterly sales and profit growth, despite margin pressures, demonstrate operational resilience. The upgrade in mojo rating from Strong Sell to Sell reflects cautious optimism.

Cautionary Factors: Rising interest expenses and a debt-to-equity ratio exceeding 2.0 times highlight financial leverage risks. The flat financial trend score and deteriorating return on capital employed suggest margin pressures and capital efficiency challenges. Technical indicators remain mixed, with longer-term momentum and volume trends still bearish or neutral. The stock’s inability to breach 100-day and 200-day moving averages signals resistance ahead.

Volume and Liquidity: Exceptional volume spikes and delivery volume surges indicate genuine accumulation rather than speculative trading, suggesting institutional confidence. However, the stock’s mid-cap status and moderate market capitalisation grade imply limited scale compared to larger sector peers.

Conclusion

SJVN Ltd.’s week was marked by a notable 6.07% gain, significantly outperforming the broader market’s decline. The stock’s price movements were closely linked to a mix of technical momentum shifts, strong intraday rallies, and a flat quarterly financial performance overshadowed by rising debt. Institutional interest and volume surges provided further support, signalling renewed market focus despite lingering fundamental challenges. While the mojo rating remains cautious at Sell, the stock’s short-term momentum and volume patterns suggest a tentative recovery phase. Investors should monitor key technical resistance levels and financial metrics closely to assess whether this momentum can be sustained amid sectoral headwinds and leverage concerns.

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