Key Events This Week
02 Feb: Stock opens at Rs.211.05, down 2.29% amid broader market weakness
03 Feb: Price rebounds to Rs.216.00 (+2.35%) as Sensex rallies
04 Feb: Continued gains to Rs.221.00 (+2.31%) with positive momentum
05 Feb: Technical momentum shifts amid mixed signals; stock dips to Rs.212.55 (-3.82%)
06 Feb: Stock hits 52-week low of Rs.207.1, closes at Rs.209.05 (-1.65%)
Monday, 02 February 2026: Weak Start Amid Market Decline
Sreeleathers Ltd. opened the week at Rs.211.05, down 2.29% from the previous close, reflecting a cautious market mood. The Sensex also declined by 1.03%, closing at 35,814.09. The stock’s volume was relatively low at 140, indicating subdued trading interest. This initial weakness set a challenging tone for the week ahead.
Tuesday, 03 February 2026: Recovery with Market Rally
The stock rebounded sharply to Rs.216.00, gaining 2.35% as the Sensex surged 2.63% to 36,755.96. Volume more than doubled to 361, signalling renewed buying interest. This recovery aligned with broader market optimism, suggesting short-term relief from the prior day’s losses.
Wednesday, 04 February 2026: Momentum Builds to Weekly High
Sreeleathers extended gains to Rs.221.00 (+2.31%), marking the week’s high. The Sensex rose modestly by 0.37% to 36,890.21. The stock traded within a range of Rs.217.05 to Rs.221.80, remaining well below its 52-week high of Rs.283.00 but showing short-term strength. Volume remained elevated at 309, supporting the positive price action.
Thursday, 05 February 2026: Technical Momentum Shifts Amid Mixed Signals
Despite the prior day’s gains, Sreeleathers retreated sharply to Rs.212.55, down 3.82% on extremely low volume of 2 shares traded. This drop coincided with a nuanced technical shift from bearish to mildly bearish momentum. The weekly MACD showed mild bullishness, but monthly indicators remained bearish, reflecting a complex technical picture. The stock’s price hovered near key moving averages but failed to sustain upward momentum, signalling investor caution.
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Friday, 06 February 2026: New 52-Week Low Amid Continued Weakness
The stock fell to a fresh 52-week low of Rs.207.1 during intraday trading, closing at Rs.209.05, down 1.65%. This marked a continuation of the recent downtrend, with the stock losing 4.98% over the last two trading days. Volume surged to 599, indicating increased selling pressure. The stock traded below all key moving averages, signalling sustained bearish momentum. Meanwhile, the Sensex closed slightly higher by 0.10% at 36,730.20, highlighting the stock’s underperformance relative to the broader market.
Financially, Sreeleathers reported a strong festive quarter in Q2 FY26, but deeper profitability concerns remain. The company’s operating profit growth has been modest, with a low return on equity of 4.8% and flat operating cash flows at Rs.27.27 crores for the fiscal year ended September 2025. Valuation metrics such as a PEG ratio of 13.5 and a price-to-book value of 1 suggest the stock is expensive relative to earnings growth and peers.
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Weekly Price Performance: Sreeleathers Ltd. vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.211.05 | -2.29% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.216.00 | +2.35% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.221.00 | +2.31% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.212.55 | -3.82% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.209.05 | -1.65% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: The stock showed short-term resilience midweek, with gains on 3 and 4 February supported by a mildly bullish weekly MACD and increased volumes. The technical momentum shift from bearish to mildly bearish suggests potential easing of downward pressure.
Cautionary Signals: Despite midweek gains, the stock closed the week down 3.22%, underperforming the Sensex’s 1.51% rise. The fresh 52-week low on 6 February and trading below all key moving averages indicate sustained bearish momentum. Profitability concerns, flat operating cash flows, and expensive valuation metrics further weigh on the stock’s outlook. The monthly MACD, KST oscillator, and Bollinger Bands remain bearish, while RSI is neutral, signalling consolidation without clear directional bias.
Market Context: The broader market showed strength, with the Sensex gaining steadily through the week, highlighting Sreeleathers’ relative weakness. The footwear sector’s dynamics and the company’s financial metrics suggest challenges in regaining momentum despite intermittent technical improvements.
Conclusion
Sreeleathers Ltd. experienced a turbulent week characterised by a technical momentum shift and a new 52-week low, closing the week down 3.22% at Rs.209.05. While short-term indicators showed some optimism midweek, the stock’s failure to sustain gains and its underperformance relative to the Sensex underscore ongoing challenges. The company’s modest profitability growth, flat cash flows, and valuation concerns contribute to a cautious outlook. Investors should monitor technical indicators closely for signs of a sustained trend reversal, while recognising the stock’s current vulnerability amid a stronger broader market.
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