Key Events This Week
29 Dec 2025: Lower circuit hit amid heavy selling pressure
30 Dec 2025: Another lower circuit triggered, stock closes at ₹1.07
31 Dec 2025: Upper circuit surge to ₹1.22 on robust buying
1 Jan 2026: Upper circuit hit again, closing at ₹1.28
2 Jan 2026: Week closes with upper circuit at ₹1.34 (+4.69%)
29 December 2025: Lower Circuit Amid Heavy Selling Pressure
Supreme Engineering Ltd opened the week on a weak note, hitting its lower circuit limit and closing at ₹1.12, down 3.45%. This sharp decline was driven by intense selling pressure and panic among investors, with the stock underperforming the Sensex, which fell 0.41% that day. The stock’s price oscillated between ₹1.11 and ₹1.14, but the selling imbalance exhausted bids, triggering the circuit breaker mechanism.
This move contrasted with the broader Iron & Steel Products sector, which was relatively resilient. The stock’s micro-cap status and limited liquidity exacerbated volatility, while its Mojo Score of 9.0 and Strong Sell grade underscored fundamental concerns. The lower circuit hit highlighted investor caution and a fragile sentiment environment.
30 December 2025: Continued Selling Pressure Triggers Another Lower Circuit
The downward momentum persisted on 30 December, with Supreme Engineering Ltd again hitting the lower circuit, closing at ₹1.07, a 4.46% decline from the previous day. This was a stark underperformance compared to the near-flat Sensex (-0.01%) and sector performance. The narrow intraday range of ₹1.07 to ₹1.10 reflected sustained selling pressure and limited buying interest.
Trading volumes remained modest, reflecting the stock’s micro-cap liquidity constraints. The persistent selling and unfilled supply at lower price levels reinforced the bearish sentiment. The Strong Sell Mojo Grade and deteriorating fundamentals continued to weigh on investor confidence, signalling caution for market participants.
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31 December 2025: Sharp Rebound Hits Upper Circuit on Robust Buying
In a dramatic turnaround, Supreme Engineering Ltd surged 4.27% to close at ₹1.22, hitting the upper circuit limit. This rally was driven by strong buying interest, with the stock’s price band set at 5%, triggering a regulatory freeze on further trades. The stock outperformed the Sensex’s 0.17% gain but lagged the Iron & Steel Products sector’s 2.44% rise.
Trading volumes increased moderately to 26,327 shares, signalling renewed investor enthusiasm despite the company’s micro-cap status and modest market capitalisation of ₹30.49 crore. Technical indicators showed the stock closing above its 5-day and 50-day moving averages, suggesting short-term bullish momentum, although longer-term averages remained bearish.
1 January 2026: Continued Buying Pressure Pushes Stock to Upper Circuit Again
Supreme Engineering Ltd maintained its upward trajectory on the first trading day of 2026, closing at ₹1.28 after a 4.92% gain and another upper circuit hit. The stock outperformed both the Sensex (+0.15%) and its sector (+0.14%), reflecting sustained speculative demand. Despite modest volume of 20,270 shares, the stock’s liquidity was sufficient to absorb buying pressure.
The regulatory freeze imposed due to the circuit hit indicated significant unfilled demand, signalling strong investor conviction. Technical analysis showed the stock trading above its 5-day, 20-day, and 50-day moving averages, reinforcing short- to medium-term strength. However, the Mojo Score of 9.0 and Strong Sell rating continued to caution against complacency.
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2 January 2026: Week Closes with Upper Circuit and Strong Buying Momentum
Supreme Engineering Ltd capped the week with a 4.69% gain, closing at ₹1.34 after hitting the upper circuit once more. The stock outperformed the Sensex’s 0.81% gain and the Iron & Steel Products sector’s 0.70% rise, underscoring strong investor interest amid a subdued market backdrop. The trading volume of approximately 14,188 shares supported the price surge despite the stock’s micro-cap liquidity constraints.
Technical indicators confirmed the stock’s position above its 5-day, 20-day, and 50-day moving averages, signalling continued short- to medium-term bullish momentum. However, it remained below the 100-day and 200-day averages, reflecting longer-term caution. The regulatory freeze due to unfilled demand at the price ceiling highlighted the imbalance between buyers and sellers.
Despite the impressive price gains, the company’s Mojo Score remains at 9.0 with a Strong Sell grade, reflecting ongoing fundamental challenges. Investors should weigh the speculative nature of the rally against these concerns and the inherent volatility of micro-cap stocks.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.1.12 | -3.45% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.1.17 | +4.46% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.1.22 | +4.27% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.1.28 | +4.92% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.1.34 | +4.69% | 37,799.57 | +0.81% |
Key Takeaways
Volatility and Circuit Hits: The stock’s week was defined by extreme volatility, with two consecutive lower circuit hits followed by three successive upper circuit surges. This pattern reflects a highly speculative trading environment and significant supply-demand imbalances.
Outperformance vs Sensex: Supreme Engineering Ltd’s 15.52% weekly gain far outpaced the Sensex’s 1.35% rise, highlighting strong relative strength despite fundamental concerns.
Liquidity Constraints: As a micro-cap stock with modest volumes, liquidity remains a key risk factor, contributing to sharp price swings and regulatory circuit interventions.
Technical Indicators Mixed: Short- and medium-term moving averages suggest bullish momentum, but longer-term averages remain bearish, indicating uncertainty about sustained recovery.
Fundamental Caution: The persistent Strong Sell Mojo Grade and high Mojo Score of 9.0 signal ongoing fundamental weaknesses, advising caution despite the recent price rally.
Conclusion
Supreme Engineering Ltd’s week was a rollercoaster of sharp declines and rapid rebounds, culminating in a strong 15.52% gain that outperformed the broader market. The multiple circuit hits underscore the stock’s susceptibility to volatility driven by limited liquidity and speculative trading. While the recent buying momentum is encouraging from a technical perspective, the company’s fundamental challenges and bearish analyst ratings suggest that investors should remain cautious. Monitoring upcoming corporate developments and sector trends will be essential to assess whether this momentum can be sustained or if further volatility lies ahead.
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