SPML Infra Gains 4.13%: Mixed Technical Signals and Q3 Profit Surge Shape the Week

9 February: Technical Momentum Shifts Amid Bearish Signals

SPML Infra began the week with a notable technical shift. Despite closing at Rs.187.40, a 4.52% gain from the previous Friday’s close of Rs.179.30, the stock’s technical momentum was described as moving towards bearish territory. Key indicators such as the Moving Average Convergence Divergence (MACD) and Bollinger Bands suggested weakening momentum, with the stock trading below key moving averages. The Relative Strength Index (RSI) remained neutral, indicating no clear overbought or oversold conditions.

This dichotomy between price gains and bearish technical signals highlighted underlying caution among investors. The stock’s volume of 58,099 shares on this day was robust, supporting the price rise, but the downgrade in Mojo Grade to Sell underscored the cautious sentiment prevailing in the market.

10 February: Mixed Technical Signals Amid Price Momentum Shift

On 10 February, SPML Infra continued its upward trajectory, closing at Rs.195.70, up 4.43% from the previous day. The stock traded within a wide range of Rs.180.40 to Rs.190.50, reflecting increased volatility. Technical indicators presented a mixed picture: the weekly MACD turned mildly bullish, suggesting short-term momentum improvement, while monthly indicators remained bearish. The RSI stayed neutral, and Bollinger Bands continued to signal mild bearishness.

Volume declined to 34,542 shares, indicating less conviction behind the rally compared to the previous day. Despite this, the stock outperformed the Sensex, which gained only 0.25%. The upgrade from Strong Sell to Sell in Mojo Grade reflected a tentative improvement in sentiment, though the overall outlook remained cautious.

11 & 12 February: Consolidation and Early Signs of Profit-Taking

SPML Infra’s price movement moderated on 11 February, closing at Rs.196.55, a modest 0.43% gain. Volume further declined to 19,866 shares, signalling reduced trading interest. Technical indicators remained mixed, with daily moving averages hovering near the stock price, and the Know Sure Thing (KST) oscillator maintaining a bearish stance on weekly charts.

On 12 February, the stock reversed course, closing at Rs.194.85, down 0.86%. The Sensex also declined by 0.56%, reflecting broader market weakness. The stock’s volume dropped to 15,514 shares, and Bollinger Bands suggested increased volatility with a bias towards downside risk. This pullback indicated early profit-taking after the strong gains earlier in the week.

13 February: Q3 FY26 Results Show Strong Profit Surge Amid Operational Concerns

SPML Infra closed the week at Rs.186.70, down 4.18% on the day, on volume of 23,204 shares. The decline followed the release of Q3 FY26 results, which revealed a strong surge in profits but also highlighted operational challenges. While the profit growth was a positive surprise, concerns around operational efficiency and sector headwinds tempered investor enthusiasm.

The stock’s retreat on the day contrasted with the Sensex’s sharper decline of 1.40%, indicating relative resilience despite the negative reaction. The mixed technical signals and cautious sentiment from the results contributed to the subdued close for the week.

Daily Price Comparison: SPML Infra Ltd vs Sensex (9–13 Feb 2026)

Key Takeaways from the Week

Positive Signals: SPML Infra outperformed the Sensex by a significant margin, gaining 4.13% versus the benchmark’s 0.54% decline. The stock showed strong early-week momentum with two consecutive days of over 4% gains, supported by volume and a modest upgrade in Mojo Grade from Strong Sell to Sell. The Q3 profit surge demonstrated underlying earnings strength despite operational challenges.

Cautionary Signals: Technical indicators remained mixed throughout the week, with bearish moving averages and Bollinger Bands signalling downside risk. The neutral RSI and lack of volume confirmation on later days suggested limited conviction behind the rally. The sharp decline on the final day following results highlighted investor concerns about operational efficiency and sector headwinds. The Mojo Score of 34.0 and Sell rating reflect ongoing caution.

Overall, the week’s price action reflected a stock in technical transition, with short-term gains tempered by longer-term uncertainty and sector-specific risks.

Conclusion

SPML Infra Ltd’s performance during the week of 9 to 13 February 2026 was characterised by a strong start with notable gains and a subsequent pullback amid mixed technical signals and cautious investor sentiment. The stock’s 4.13% weekly gain, outpacing the Sensex’s decline, was driven by a combination of technical momentum shifts and a robust Q3 profit announcement. However, the operational concerns raised in the results and the prevailing bearish technical indicators suggest that the stock remains in a phase of consolidation and uncertainty.

Investors should monitor key technical levels and sector developments closely, as the stock’s trajectory in the near term will likely depend on resolving these mixed signals and the broader market environment.

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