Key Events This Week
24 Aug: New upper circuit hit with a 19.40% gain
25 Aug: New 52-week high at Rs.11.91 and upper circuit surge
26 Aug: New 52-week high at Rs.13.10, Mojo Grade upgraded to Hold
27 Aug: New 52-week high at Rs.13.75 and upper circuit hit
28 Aug: New 52-week high at Rs.14.22 and upper circuit hit
24 August 2026: Upper Circuit Surge Signals Strong Buying Interest
Super Tannery Ltd opened the week with a striking 19.40% gain, closing at Rs.10.83 despite the Sensex declining by 0.12%. The stock hit its upper circuit limit amid intense buying pressure, with a volume of over 11.49 lakh shares traded. This surge was notable given the broader market’s subdued performance and the stock’s micro-cap status. The rally was supported by a significant increase in delivery volumes, indicating genuine accumulation rather than speculative trading. However, the stock remained below key moving averages, suggesting the rally was an initial rebound within a longer-term downtrend.
25 August 2026: New 52-Week High and Continued Upper Circuit Momentum
On 25 Aug, Super Tannery Ltd extended its rally, hitting a new 52-week high of Rs.11.91 with a 9.97% gain, outperforming the sector by 8.44%. The stock again surged to its upper circuit limit, closing at Rs.11.91 on robust volume of 15.87 lakh shares. Technical indicators showed the stock trading above all major moving averages, signalling a shift towards a bullish trend. Despite the Sensex’s slight positive movement, the stock’s performance was driven by stock-specific momentum. The delivery volume increase reinforced investor conviction, although the Mojo Grade remained at Sell, reflecting fundamental caution.
Our latest weekly pick is live! This Large Cap from Diamond & Gold Jewellery comes with clear entry and exit targets. See the detailed report with target price now!
- - Clear entry/exit targets
- - Target price revealed
- - Detailed report available
26 August 2026: New 52-Week High at Rs.13.10 and Mojo Grade Upgrade
The stock continued its upward trajectory on 26 Aug, reaching a new 52-week high of Rs.13.10 with a 9.99% gain. This marked the fourth consecutive day of gains, delivering a cumulative return of 71.86%. Notably, MarketsMOJO upgraded Super Tannery Ltd’s Mojo Grade from Sell to Hold, reflecting improved technical indicators despite mixed fundamentals. The stock traded above all key moving averages, supported by bullish MACD and Bollinger Bands signals. Delivery volumes surged, indicating strong investor participation. However, the Relative Strength Index (RSI) suggested caution due to potential overbought conditions.
26 August 2026: Upper Circuit Hit Amid Robust Buying Pressure
Alongside the new high, the stock hit its upper circuit limit again on 26 Aug, closing at Rs.12.72 with a 9.94% gain. The regulatory freeze on trading reflected unfilled demand and heightened investor enthusiasm. Despite this, the stock remained technically below longer-term moving averages, indicating the rally might be a short-term rebound. The micro-cap nature and limited liquidity continue to pose risks, but the surge in delivery volumes suggests genuine accumulation.
27 August 2026: New 52-Week High at Rs.13.75 and Upper Circuit
Super Tannery Ltd extended its rally on 27 Aug, hitting a new 52-week high of Rs.13.75, a 4.96% gain that outperformed its sector by 4%. The stock has now gained 81.64% over the past five trading days. Despite the Sensex’s marginal decline, the stock’s technical strength was evident with prices above all major moving averages and bullish momentum indicators. The upper circuit hit at Rs.13.35 further underscored strong buying interest, although the stock underperformed its sector on the day. Delivery volumes increased, signalling sustained investor confidence.
Super Tannery Ltd or something better? Our SwitchER feature analyzes this micro-cap stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
28 August 2026: New 52-Week High at Rs.14.22 and Upper Circuit
Closing the week, Super Tannery Ltd hit a new 52-week high of Rs.14.22, gaining 4.87% and outperforming its sector by 4.17%. The stock has now delivered an impressive 87.58% return over six consecutive trading days. Technical indicators remain predominantly bullish, with the stock trading above all key moving averages and supported by positive MACD and Bollinger Bands signals. Despite a bearish RSI suggesting potential overbought conditions, momentum oscillators and Dow Theory assessments remain mildly bullish. The upper circuit hit at Rs.14.01 triggered a regulatory freeze, reflecting strong unfilled demand amid moderate volume. Delivery volumes declined slightly, indicating some weakening in long-term investor participation.
Weekly Price Performance Comparison
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-08-24 | Rs.10.83 | +19.40% | 36,770.21 | -0.12% |
| 2026-08-25 | Rs.11.91 | +9.97% | 36,901.03 | +0.36% |
| 2026-08-26 | Rs.13.10 | +9.99% | 36,890.31 | -0.03% |
| 2026-08-27 | Rs.13.55 | +3.44% | 36,700.18 | -0.52% |
| 2026-08-28 | Rs.14.22 | +4.94% | 36,794.04 | +0.26% |
Key Takeaways
Strong Technical Momentum: The stock’s consistent gains over six trading days, multiple new 52-week highs, and repeated upper circuit hits highlight robust buying interest and positive technical momentum. Trading above all major moving averages supports a bullish trend.
Mojo Grade Upgrade: The upgrade from Sell to Hold on 25 Aug 2026 reflects improved technical indicators and stabilising fundamentals, signalling a more balanced outlook despite lingering risks.
Micro-Cap Volatility and Liquidity: Super Tannery Ltd’s micro-cap status entails higher volatility and limited liquidity, which can amplify price swings and pose challenges for larger trades.
Mixed Fundamental Signals: While technicals have improved, fundamental concerns remain, including modest profitability growth, high leverage, and promoter share pledging, warranting cautious investor consideration.
Regulatory Freezes and Unfilled Demand: Frequent upper circuit hits triggered regulatory freezes, indicating strong unfilled demand but also potential volatility and trading interruptions.
Outperformance vs Sensex and Sector: The stock outperformed the Sensex by a wide margin (+56.78% vs -0.05%) and generally outpaced its sector, underscoring its unique momentum within a mixed market environment.
Conclusion
Super Tannery Ltd’s extraordinary 56.78% weekly gain, driven by multiple upper circuit hits and new 52-week highs, marks a significant phase of price appreciation and technical strength. The recent upgrade to a Hold rating by MarketsMOJO reflects a cautious optimism grounded in improved technicals despite fundamental challenges. Investors should remain mindful of the stock’s micro-cap volatility, liquidity constraints, and regulatory trading halts that may impact price stability. Monitoring delivery volumes, moving averages, and sector trends will be essential to gauge the sustainability of this rally. Overall, Super Tannery Ltd’s performance this week highlights a compelling technical rebound within a complex fundamental backdrop.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year Start at 33% Off →
