Key Events This Week
2 Feb: Stock opens week at Rs.6,783.10, down 1.54%
3 Feb: Intraday high of Rs.7,447.5 with 8.18% surge and gap up opening
4 Feb: Slight pullback, closing at Rs.7,255.15 (-1.21%)
5 Feb: Continued decline to Rs.7,146.75 (-1.49%)
6 Feb: Week closes with a small gain at Rs.7,188.30 (+0.58%)
2 February 2026: Week Begins with a Decline Amid Broader Market Weakness
Tasty Bite Eatables Ltd started the week at Rs.6,783.10, down 1.54% from the previous close. This decline mirrored the broader market, with the Sensex falling 1.03% to 35,814.09. The stock’s volume was relatively low at 66, indicating subdued trading interest. The initial weakness set a cautious tone ahead of the midweek rebound.
3 February 2026: Strong Gap Up and Intraday Surge Reverses Downtrend
The highlight of the week came on 3 February, when Tasty Bite Eatables Ltd opened sharply higher with a gap up of 8.28%, signalling renewed buying interest. The stock reached an intraday high of Rs.7,447.50, marking a 9.79% increase from the previous close. It closed the day at Rs.7,343.75, up 8.27%, significantly outperforming the Sensex’s 2.63% gain to 36,755.96.
This surge reversed the stock’s two-day decline and demonstrated strong relative strength within the FMCG sector. The stock outperformed its peers by over 5%, reflecting a distinct shift in momentum. Technical indicators showed the price moving above the 5-day and 20-day moving averages, although longer-term averages remained resistance points. The stock’s high beta of 1.35 contributed to the pronounced price movement.
Despite the strong rally, momentum indicators such as MACD and Bollinger Bands on weekly and monthly charts remained bearish, suggesting the rally may face resistance. The gap up could also be subject to partial retracement in coming sessions, a common pattern after significant overnight moves.
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4 February 2026: Profit Taking Leads to Mild Pullback
Following the strong rally, the stock experienced a mild correction on 4 February, closing at Rs.7,255.15, down 1.21%. This retracement was in line with typical profit-taking behaviour after a sharp advance. The Sensex continued its upward trajectory, gaining 0.37% to 36,890.21, indicating a generally positive market environment. Trading volume remained elevated at 203, suggesting active participation despite the price dip.
5 February 2026: Continued Decline Amid Market Volatility
The downward pressure persisted on 5 February, with the stock closing at Rs.7,146.75, a further 1.49% decline. This was against a Sensex fall of 0.53% to 36,695.11, reflecting broader market volatility. The stock’s volume increased to 238, indicating heightened trading activity during the pullback. The price remained below key longer-term moving averages, underscoring ongoing resistance and technical challenges.
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6 February 2026: Week Ends with Modest Recovery
On the final trading day of the week, Tasty Bite Eatables Ltd closed at Rs.7,188.30, up 0.58%, recovering slightly from the previous two days’ declines. The Sensex also gained 0.10% to 36,730.20, reflecting a stable market close. Volume moderated to 182, indicating a more measured trading session. The stock’s weekly gain of 4.35% outpaced the Sensex’s 1.51%, highlighting relative strength despite the midweek volatility.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.6,783.10 | -1.54% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.7,343.75 | +8.27% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.7,255.15 | -1.21% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.7,146.75 | -1.49% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.7,188.30 | +0.58% | 36,730.20 | +0.10% |
Key Takeaways from the Week
Positive Signals: The stock’s 8.27% surge on 3 February demonstrated strong intraday buying interest and a potential short-term momentum shift. The weekly gain of 4.35% notably outperformed the Sensex’s 1.51%, reflecting relative strength amid a volatile market. The gap up and intraday high of Rs.7,447.50 marked a key technical milestone, with the price moving above short-term moving averages.
Cautionary Signals: Despite the midweek rally, the stock remains below longer-term moving averages (50-day, 100-day, 200-day), indicating resistance and subdued medium-term momentum. Technical indicators such as MACD and Bollinger Bands on weekly and monthly charts remain bearish, suggesting the rally may not be sustained without further confirmation. The stock’s high beta of 1.35 implies elevated volatility, which could lead to sharp price swings in either direction. The MarketsMOJO Mojo Score remains at 26.0, categorised as Strong Sell, reflecting ongoing fundamental and technical challenges.
Conclusion
Tasty Bite Eatables Ltd’s week was defined by a sharp rebound on 3 February, reversing early losses and delivering a 4.35% weekly gain that outpaced the Sensex. The significant gap up and intraday high highlighted renewed buying interest, though subsequent sessions saw profit-taking and technical resistance. The stock’s elevated volatility and mixed technical signals suggest that while short-term momentum has improved, medium- to long-term challenges persist. The Strong Sell rating from MarketsMOJO underscores the need for caution amid this uneven performance. Investors and market watchers should monitor the stock’s ability to sustain gains above key moving averages and watch for confirmation of trend reversal in the coming weeks.
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