Key Events This Week
16 Feb: Stock opens at Rs.417.85, down 3.61% amid market headwinds
17 Feb: Technical momentum shifts to sideways, stock recovers slightly to Rs.423.00 (+1.23%)
19 Feb: Death Cross formation signals bearish trend, stock falls to Rs.414.30 (-1.06%)
20 Feb: Mojo Grade downgraded to Sell amid weak technicals and flat financials, stock closes at Rs.414.25 (-0.01%)
16 February 2026: Sharp Opening Decline Amid Market Strength
Suprajit Engineering Ltd began the week with a significant drop, closing at Rs.417.85, down 3.61% from the previous close. This decline occurred despite the Sensex gaining 0.70% to close at 36,787.89, indicating stock-specific pressures. The volume of 22,214 shares traded reflected active selling interest. This initial weakness set the tone for a challenging week as the stock struggled to regain momentum.
17 February 2026: Technical Momentum Shifts to Sideways as Stock Recovers Slightly
On 17 February, the stock rebounded modestly by 1.23% to Rs.423.00, on low volume of 1,585 shares. This recovery coincided with reports highlighting a shift in technical momentum from mildly bullish to sideways, reflecting growing market uncertainty. Despite the slight gain, bearish weekly MACD and Bollinger Bands suggested caution. The Sensex also advanced by 0.32%, closing at 36,904.38, but Suprajit’s sideways trend indicated a pause in upward momentum.
Our latest weekly pick is out! This Large Cap from Steel/Sponge Iron/Pig Iron delivered with target price and complete analysis. See what makes this week's selection special!
- - Latest weekly selection
- - Target price delivered
- - Large Cap special pick
18 February 2026: Renewed Selling Pressure Amid Mixed Technical Signals
The stock declined by 1.00% to Rs.418.75 on 18 February, with volume rising to 4,083 shares. This drop occurred despite the Sensex gaining 0.43% to 37,062.35, underscoring the stock’s relative weakness. Technical indicators such as the weekly MACD and Bollinger Bands remained bearish, while daily moving averages showed a mildly bullish bias, suggesting short-term support near current levels. However, the overall trend remained uncertain as the stock hovered near its lower trading range.
19 February 2026: Death Cross Formation Signals Bearish Trend
On 19 February, Suprajit Engineering Ltd’s stock price fell further by 1.06% to Rs.414.30 on increased volume of 13,087 shares. This decline coincided with the formation of a Death Cross, where the 50-day moving average crossed below the 200-day moving average, signalling a potential sustained bearish trend. The Sensex, in contrast, dropped 1.45% to 36,523.88, reflecting broader market weakness. Despite a marginal 0.06% intraday gain reported in some analyses, the overall technical outlook deteriorated significantly, prompting increased caution among investors.
20 February 2026: Mojo Grade Downgrade to Sell Amid Weak Technicals and Flat Financials
The week concluded with the stock closing almost flat at Rs.414.25, down 0.01% on a volume of 5,193 shares. On this day, MarketsMOJO downgraded Suprajit Engineering Ltd’s mojo grade from Hold to Sell, citing deteriorating technical indicators and flat financial performance. Quarterly results revealed a 62.6% decline in Profit After Tax to Rs.14.93 crores and a drop in Earnings Per Share to Rs.0.91, undermining confidence. Valuation metrics remained expensive relative to peers, with a P/E ratio of 40.60 and a high PEG ratio of 4.7, despite the stock trading below its 52-week high of Rs.517.20.
Why settle for Suprajit Engineering Ltd? SwitchER evaluates this small-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
Weekly Price Performance: Suprajit Engineering Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.417.85 | -3.61% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.423.00 | +1.23% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.418.75 | -1.00% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.414.30 | -1.06% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.414.25 | -0.01% | 36,674.32 | +0.41% |
Key Takeaways
Technical Deterioration: The week saw a clear shift from sideways to bearish momentum, culminating in the formation of a Death Cross on 19 February. Weekly MACD and Bollinger Bands confirmed increasing selling pressure, while daily moving averages turned bearish.
Financial Weakness: Flat quarterly earnings with a 62.6% drop in PAT and declining EPS undermined confidence. The company’s valuation remains expensive relative to earnings growth prospects, with a P/E of 40.60 and PEG ratio of 4.7.
Underperformance vs Sensex: Suprajit Engineering Ltd declined 4.44% over the week, significantly underperforming the Sensex’s 0.39% gain. This trend extends to longer timeframes, with the stock lagging benchmark returns over one, three, five, and ten years.
Mojo Grade Downgrade: The downgrade from Hold to Sell by MarketsMOJO reflects the combined impact of weak technicals, flat financials, and expensive valuation, signalling increased caution for investors.
Conclusion
Suprajit Engineering Ltd’s performance over the week ending 20 February 2026 highlights a challenging phase characterised by deteriorating technical momentum, bearish chart patterns, and disappointing financial results. The stock’s consistent underperformance relative to the Sensex and peers, coupled with a downgrade to a Sell rating, underscores the need for prudence. While some longer-term technical indicators suggest potential underlying strength, the prevailing environment remains cautious. Investors should closely monitor upcoming financial disclosures and technical developments before considering exposure to this stock.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
