Key Events This Week
2 Feb: Stock opens week with an 8.94% surge to Rs.225.40, bucking Sensex decline
5 Feb: Spice Islands Industries Ltd hits all-time high at Rs.260.7
6 Feb: New 52-week and all-time high reached at Rs.273.65
6 Feb: Week closes at Rs.273.65, up 32.26% for the week
2 February 2026: Strong Opening Surge Defies Market Downturn
Spice Islands Industries Ltd began the week with a powerful rally, closing at Rs.225.40, up Rs.18.50 or 8.94% on the day. This surge was particularly notable as the Sensex declined by 1.03% to 35,814.09 points, reflecting a broad market sell-off. The stock’s volume of 12,277 shares indicated solid investor interest despite the negative market sentiment. This initial jump set the tone for the week, signalling strong buying momentum and resilience within the Gems, Jewellery and Watches sector.
3 February 2026: Continued Gains Amid Market Recovery
The upward trajectory continued on 3 February, with the stock rising 4.92% to close at Rs.236.50. This gain coincided with a robust Sensex rally of 2.63%, which closed at 36,755.96 points. Volume more than doubled to 24,179 shares, suggesting increased participation. The stock’s outperformance on a day of broad market strength reinforced its bullish momentum and investor confidence in the company’s prospects.
4 February 2026: Sustained Rally with Accelerated Volume
On 4 February, Spice Islands Industries Ltd advanced another 4.99% to Rs.248.30, supported by a significant volume spike to 66,232 shares. The Sensex also gained 0.37% to 36,890.21 points, but the stock’s nearly 5% rise again outpaced the benchmark. The narrow trading range and steady gains reflected a consolidation of the prior day’s enthusiasm, with the stock maintaining its position well above key moving averages.
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5 February 2026: All-Time High at Rs.260.7 Amid Market Weakness
Spice Islands Industries Ltd reached a significant milestone on 5 February, hitting an all-time high of Rs.260.7. The stock gained 4.97% intraday and closed with a 4.95% increase, outperforming the Sensex which declined 0.53% to 36,695.11 points. Volume moderated to 31,229 shares but the price action demonstrated strong relative strength. This marked the fifth consecutive day of gains, cumulatively delivering a 26% return over this period. The stock’s position above all major moving averages confirmed the sustained bullish trend.
6 February 2026: New 52-Week High of Rs.273.65 Caps Week of Exceptional Gains
The rally culminated on 6 February with Spice Islands Industries Ltd touching a new 52-week and all-time high of Rs.273.65, a 4.99% gain on the day. The stock opened with a gap up of 4.74% and traded within a narrow range of Rs.2.15, signalling focused buying interest. Volume rose to 36,260 shares. Despite a marginal Sensex gain of 0.10% to 36,730.20 points, the stock outperformed its sector by 6.72%, underscoring its leadership within the Gems, Jewellery and Watches industry. This marked the sixth consecutive day of gains, delivering a total return of 32.19% over this span.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.225.40 | +8.94% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.236.50 | +4.92% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.248.30 | +4.99% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.260.65 | +4.97% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.273.65 | +4.99% | 36,730.20 | +0.10% |
Key Takeaways from the Week
Exceptional Price Appreciation: The stock’s 32.26% weekly gain dwarfed the Sensex’s 1.51% rise, highlighting significant outperformance and strong investor demand.
Consistent Uptrend: Six consecutive days of gains reflect sustained bullish momentum, supported by steady volume increases and technical strength above all major moving averages.
Milestone Highs: The stock set multiple all-time and 52-week highs, signalling robust market confidence despite a mixed broader market backdrop.
Sector Leadership: Outperformance relative to the Gems, Jewellery and Watches sector by over 6% on the final day underscores the company’s strong positioning within its industry.
Mojo Score and Rating: Despite the strong price action, the Mojo Score remains at 46.0 with a ‘Sell’ grade, upgraded from ‘Strong Sell’ in June 2025, indicating improving fundamentals but a cautious stance.
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Conclusion: A Week Marked by Strong Momentum and Market Milestones
Spice Islands Industries Ltd’s performance during the week of 2 to 6 February 2026 was characterised by exceptional gains, technical strength, and multiple record highs. The stock’s 32.26% rise, achieved through six consecutive days of positive returns, significantly outpaced the Sensex and sector benchmarks. This rally reflects robust investor confidence and a strong market position within the Gems, Jewellery and Watches sector.
While the Mojo Grade remains at ‘Sell’, the upgrade from ‘Strong Sell’ and the stock’s sustained outperformance suggest improving fundamentals and evolving market perceptions. Investors analysing this week’s developments will note the stock’s ability to maintain momentum amid a mixed broader market environment, supported by solid volume and technical indicators.
Overall, the week stands as a testament to Spice Islands Industries Ltd’s dynamic market journey and its capacity to deliver substantial shareholder value in the near term.
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