Key Events This Week
2 Feb: Stock opens at Rs.34.20, declines 2.12% amid weak market sentiment
3 Feb: Mojo Grade downgraded to Sell due to technical weakness and valuation concerns
4 Feb: Technical indicators confirm bearish momentum; stock closes at Rs.33.50 (-0.74%)
5 Feb: Sharp intraday fall of 4.33% on heavy volume, closing at Rs.32.05
6 Feb: Continued technical momentum shift with a 1.03% decline to Rs.31.72
2 February 2026: Weak Start Amid Broader Market Decline
Suratwwala Business Group Ltd opened the week at Rs.34.20, down 2.12% from the previous Friday’s close of Rs.34.94. The decline occurred alongside a broader market sell-off, with the Sensex falling 1.03% to 35,814.09. The stock’s volume was relatively low at 155 shares, indicating subdued trading interest. This early weakness foreshadowed the challenges the stock would face throughout the week.
3 February 2026: Downgrade to Sell Highlights Technical and Valuation Concerns
On 3 February, MarketsMOJO downgraded Suratwwala Business Group Ltd from Hold to Sell, citing technical weakness and valuation concerns. Despite the company’s recent quarterly sales growth of 62.88% to ₹41.93 crores and a PAT of ₹13.49 crores over six months, the long-term sales trend remains negative with a five-year annualised decline of 10.37%. The stock closed at Rs.33.75, down 1.32%, while the Sensex surged 2.63% to 36,755.96, underscoring the stock’s divergence from broader market gains.
The downgrade reflected a shift in technical indicators from mildly bearish to outright bearish, with daily moving averages turning negative and monthly MACD signalling weakening momentum. The company’s valuation metrics, including an enterprise value to capital employed ratio of 4.7 and a PEG ratio of 1.3, were deemed expensive relative to historical averages and peers, despite the stock trading at a discount to sector valuations. This combination of factors contributed to the negative market sentiment.
4 February 2026: Bearish Technical Momentum Confirmed
The bearish momentum intensified on 4 February as the stock closed at Rs.33.50, down 0.74%. Technical indicators reinforced the negative outlook, with Bollinger Bands on weekly and monthly charts remaining bearish and the stock trading below key moving averages such as the 50-day and 200-day averages. The Relative Strength Index (RSI) remained neutral, indicating a lack of strong directional conviction, while the Know Sure Thing (KST) and Dow Theory indicators presented mixed signals but with a bearish tilt overall.
Volume was thin at 40 shares, suggesting limited buying interest amid the technical deterioration. The Sensex continued its upward trajectory, gaining 0.37% to 36,890.21, further highlighting the stock’s underperformance relative to the benchmark.
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5 February 2026: Sharp Decline on Heavy Volume
The stock suffered its steepest daily fall on 5 February, plunging 4.33% to close at Rs.32.05 on a volume spike to 12,002 shares. This sharp decline reflected intensified selling pressure amid continued bearish technical signals. The daily moving averages remained firmly negative, and the monthly MACD stayed bearish, reinforcing the downtrend.
The Sensex declined 0.53% to 36,695.11, indicating a modest market pullback. Suratwwala’s sharper fall relative to the benchmark underscored its vulnerability amid sector headwinds and investor scepticism. The stock’s proximity to its 52-week low of Rs.25.18 added to the cautious sentiment.
6 February 2026: Mildly Bearish Momentum Amid Mixed Technical Signals
On the final trading day of the week, Suratwwala Business Group Ltd closed at Rs.31.72, down 1.03%. Technical momentum showed signs of mild bearishness, with some weekly indicators such as the MACD and KST hinting at short-term stabilisation, while monthly indicators remained bearish. The Relative Strength Index stayed neutral, and Bollinger Bands continued to signal downward pressure.
On-Balance Volume (OBV) analysis revealed a divergence, with weekly OBV mildly bearish but monthly OBV mildly bullish, suggesting some longer-term accumulation despite recent price weakness. The stock’s Market Cap Grade remained low at 4, and the Mojo Score stood at 47.0, consistent with the Sell rating assigned earlier in the week.
The Sensex gained 0.10% to 36,730.20, further emphasising Suratwwala’s underperformance. The stock’s year-to-date decline of 8.92% contrasts with the Sensex’s 2.24% fall, highlighting ongoing challenges for the company in the current market environment.
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Daily Price Performance: Suratwwala Business Group Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.34.20 | -2.12% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.33.75 | -1.32% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.33.50 | -0.74% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.32.05 | -4.33% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.31.72 | -1.03% | 36,730.20 | +0.10% |
Key Takeaways
Negative Price Performance: Suratwwala Business Group Ltd’s share price declined 9.22% over the week, sharply underperforming the Sensex’s 1.51% gain. This underperformance reflects persistent selling pressure and weak investor sentiment.
Downgrade to Sell: The MarketsMOJO downgrade from Hold to Sell on 3 February was a pivotal event, driven by deteriorating technical indicators and concerns over expensive valuation metrics despite recent operational improvements.
Technical Indicators: The stock’s technical profile shifted from mildly bearish to outright bearish early in the week, with daily moving averages and monthly MACD signalling sustained downward momentum. Some weekly indicators showed mild bullishness later in the week, suggesting potential short-term stabilisation but not a reversal.
Volume and Volatility: The sharp price drop on 5 February accompanied by a volume surge to 12,002 shares highlighted intensified selling. Bollinger Bands remained bearish, indicating continued volatility and downward pressure.
Long-Term Context: Despite recent weakness, Suratwwala has delivered strong long-term returns over three and five years, outperforming the Sensex. However, the recent negative trend and lack of institutional support, with mutual funds holding 0% of shares, raise cautionary flags.
Conclusion
Suratwwala Business Group Ltd’s week was marked by significant challenges as technical downgrades and valuation concerns weighed heavily on the stock. The 9.22% weekly decline amid a rising Sensex underscores the stock’s vulnerability in the current market environment. While some short-term technical indicators hint at possible stabilisation, the prevailing bearish momentum and absence of institutional backing suggest that the stock may continue to face downward pressure in the near term. Investors should remain cautious and monitor evolving technical signals and sector developments closely before considering exposure to this realty sector micro-cap.
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