Key Events This Week
19 Jan: Stock opens strong at Rs.225.50 (+4.98%) despite Sensex decline
20 Jan: New 52-week and all-time high at Rs.236.75
21 Jan: Further 52-week and all-time high at Rs.248.55
22 Jan: Stock peaks at Rs.260.7, marking another 52-week and all-time high
23 Jan: Profit-taking leads to 5.00% drop, closing at Rs.227.10
19 January 2026: Strong Start Amid Market Weakness
Spice Islands Industries Ltd began the week on a positive note, closing at Rs.225.50, up 4.98% from the previous close. This gain was notable as the Sensex declined 0.49% to 36,650.97. The stock’s outperformance indicated early buying interest and set the tone for the week’s rally. Volume was moderate at 8,617 shares, suggesting measured but confident participation.
20 January 2026: New 52-Week and All-Time High at Rs.236.75
The stock surged to a new 52-week and all-time high of Rs.236.75, marking a 4.99% gain on the day. This move came despite the Sensex falling 1.82% to 35,984.65, underscoring the stock’s relative strength. The rally was supported by strong technical momentum, with the stock trading above all key moving averages. The cumulative return over three consecutive days reached 15.71%, reflecting sustained bullish sentiment.
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21 January 2026: Continued Rally to Rs.248.55 Despite Initial Pressure
On 21 January, Spice Islands Industries Ltd hit another 52-week and all-time high at Rs.248.55, closing with a 4.98% gain despite opening with a gap down of 4.98%. The stock demonstrated resilience by recovering from an intraday low of Rs.224.95 to close at its peak, outperforming the Sensex which declined 0.47% to 35,815.26. This marked the fourth consecutive day of gains, with a cumulative return of 21.48% over this period.
22 January 2026: Peak at Rs.260.7 Amid Sector Outperformance
Spice Islands Industries Ltd reached its highest level of the week and a new 52-week high at Rs.260.7, gaining 4.99% on the day. The stock opened at Rs.260.0, up 4.59% from the previous close, and outperformed the Gems, Jewellery and Watches sector by 2.92%. The Sensex rose modestly by 0.76% to 36,088.66. This marked the fifth consecutive day of gains, with a cumulative return of 27.42% over the period, highlighting strong technical and fundamental momentum.
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23 January 2026: Profit-Taking Leads to 5.00% Decline
The week ended with a sharp 5.00% decline to Rs.227.10, as investors booked profits following the strong rally. Volume increased to 19,650 shares, indicating active selling pressure. The Sensex also declined 1.33% to 35,609.90, continuing its downward trend. Despite the pullback, the stock closed the week with a solid 5.73% gain from the previous Friday’s close of Rs.214.80, marking a strong outperformance against the benchmark index.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.225.50 | +4.98% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.236.75 | +4.99% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.248.30 | +4.88% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.239.05 | -3.73% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.227.10 | -5.00% | 35,609.90 | -1.33% |
Key Takeaways from the Week
Strong Outperformance: Spice Islands Industries Ltd outpaced the Sensex by 8.04% during the week, highlighting its resilience and investor appeal amid a broadly declining market.
Multiple New Highs: The stock set new 52-week and all-time highs on three consecutive days, reaching a peak of Rs.260.7 on 22 January, signalling robust momentum and technical strength.
Technical Indicators: Consistent trading above all major moving averages (5-day to 200-day) throughout the week reinforced the bullish trend and investor confidence.
Volume Trends: Volume surged notably on 21 and 22 January, supporting the price rally, while the increased volume on 23 January accompanied profit-taking and a price pullback.
Mojo Score and Rating: Despite the strong price action, the stock retains a Mojo Grade of ‘Sell’ with a score of 46.0, reflecting cautious fundamental assessment amid the rally.
Sector Leadership: The stock outperformed its Gems, Jewellery and Watches sector peers, demonstrating leadership and relative strength in a challenging industry environment.
Conclusion
Spice Islands Industries Ltd’s performance during the week of 19 to 23 January 2026 was marked by strong gains, multiple record highs, and clear outperformance against the Sensex. The stock’s rally was driven by sustained technical momentum and robust investor interest, even as the broader market faced headwinds. The profit-taking on the final trading day suggests a healthy consolidation after a sharp advance. While the Mojo Grade remains cautious at ‘Sell’, the stock’s price action and sector leadership highlight a dynamic phase for the company. Investors should note the divergence between technical strength and fundamental ratings as they assess the stock’s near-term outlook.
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