Key Events This Week
Feb 12: Q3 FY26 results reveal deepening losses
Feb 13: Financial trend deteriorates sharply amid negative outlook
Feb 13: Stock closes steady at Rs.31.95 despite negative news
Monday, 9 February 2026: Weak Start Amid Broader Market Strength
The stock opened the week at Rs.30.74, declining by 0.81% from the previous Friday’s close of Rs.30.99. This drop contrasted with the Sensex’s robust gain of 1.04%, closing at 37,113.23. The subdued performance reflected early caution among investors ahead of the company’s quarterly results. Trading volume was minimal at 5 shares, indicating limited market interest on the day.
Tuesday, 10 February 2026: Sharp Rebound on Increased Volume
On 10 February, Sri Nachammai Cotton Mills rebounded strongly, gaining 4.42% to close at Rs.32.10. This was the week’s highest closing price, coinciding with a significant increase in volume to 604 shares. The Sensex also advanced but at a more modest 0.25%, closing at 37,207.34. The stock’s outperformance suggested some short-term optimism, possibly driven by speculative interest ahead of the earnings announcement.
Wednesday, 11 February 2026: Minor Pullback Despite Market Gains
The stock slipped slightly by 0.47% to Rs.31.95, despite the Sensex rising 0.13% to 37,256.72. Volume increased further to 998 shares, indicating active trading. The minor decline may have reflected profit-taking following the previous day’s sharp rally, as investors awaited the quarterly results due the next day.
Thursday, 12 February 2026: Quarterly Results Reveal Deepening Losses
Sri Nachammai Cotton Mills released its Q3 FY26 results, revealing a significant deterioration in financial performance. The company reported a net loss after tax of ₹3.06 crores, a 173.2% decline from the previous quarter. Operating profitability plunged to a negative PBDIT of ₹1.99 crores, with an operating margin of -11.88%. Earnings per share fell sharply to ₹-7.13, marking the lowest quarterly EPS in recent history.
Despite these negative results, the stock price remained steady at Rs.31.95, unchanged from the previous day, while the Sensex declined 0.56% to 37,049.40. The flat stock price amid adverse news suggests a lack of immediate selling pressure, possibly due to prior anticipation of the poor results.
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Friday, 13 February 2026: Negative Financial Trend Confirmed Amid Market Weakness
Further analysis confirmed a sharp negative financial trend for Sri Nachammai Cotton Mills, with the mojo score deteriorating to 9.0 and the mojo grade downgraded to Strong Sell. The company’s profit before tax excluding other income dropped to ₹-3.62 crores, underscoring worsening fundamentals. The stock price remained unchanged at Rs.31.95, despite the Sensex falling 1.40% to 36,532.48, reflecting broader market weakness.
The company’s market capitalisation grade remains modest at 4, and the absence of positive catalysts suggests ongoing challenges. The stock’s 52-week trading range of Rs.25.00 to Rs.44.94 highlights significant volatility, with recent price resilience contrasting with deteriorating earnings quality.
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Weekly Price Performance: Sri Nachammai Cotton Mills vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.30.74 | -0.81% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.32.10 | +4.42% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.31.95 | -0.47% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.31.95 | 0.00% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.31.95 | 0.00% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock outperformed the Sensex by 3.64% over the week, demonstrating resilience despite adverse financial disclosures. The sharp rebound on 10 February indicated some speculative interest or short-term optimism.
Cautionary Signals: The company’s Q3 FY26 results revealed deepening losses with a net loss after tax of ₹3.06 crores and a negative operating margin of -11.88%. The mojo grade downgrade to Strong Sell and deteriorating financial trend score highlight significant fundamental weaknesses. The absence of positive catalysts and ongoing sectoral headwinds in garments and apparels suggest continued challenges ahead.
Conclusion
Sri Nachammai Cotton Mills Ltd’s stock showed modest gains over the week, outperforming the broader market despite a sharp deterioration in quarterly financial results. The deepening losses and negative financial trend underscore structural issues within the company and the sector. While the stock price remained stable in the face of negative news, the downgrade to a Strong Sell mojo grade and worsening profitability metrics warrant caution. Investors should monitor future quarterly updates closely for any signs of operational recovery or strategic initiatives. Until then, the company faces a challenging outlook amid a tough operating environment.
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