Key Events This Week
23 Feb: New 52-week and all-time high at Rs.93.5
24 Feb: Further 52-week and all-time high at Rs.96.9
26 Feb: New 52-week and all-time high at Rs.97.25
27 Feb: Stock closes lower at Rs.89.86 (-4.99%) amid market sell-off
23 February 2026: Breakthrough to Rs.93.5 Sets Positive Tone
On Monday, Tavernier Resources Ltd surged to a new 52-week and all-time high of Rs.93.5, marking a 6.00% gain on the day and significantly outperforming the Sensex’s 0.39% rise. The stock opened with a strong gap up of 6.59%, maintaining this elevated level throughout the session. This move extended a four-day winning streak, delivering a cumulative return of 26.93% over that period. The stock’s technical positioning was robust, trading above all key moving averages (5-day through 200-day), signalling sustained bullish momentum.
Despite the Sensex trading below its 50-day moving average, the broader market environment was supportive, with mega-cap stocks leading gains. Tavernier’s Mojo Score stood at 44.0 with a ‘Sell’ grade, upgraded from ‘Strong Sell’ in December 2025, reflecting cautious optimism amid the rally.
24 February 2026: New High at Rs.96.9 Amid Market Weakness
Tuesday saw the stock push further to Rs.96.9, again setting a new 52-week and all-time high despite a 0.78% decline in the Sensex. The stock gained 3.24% on the day, opening with a 4.32% gap up and closing near the intraday peak. This marked the fifth consecutive day of gains, with a cumulative return of 30.33% over this stretch. Tavernier outperformed its sector by 4.39%, underscoring its leadership within the Trading & Distributors space.
The narrow intraday trading range of Rs.0.9 suggested controlled price action amid strong demand. The stock remained above all major moving averages, reinforcing the technical strength of the rally. The Mojo Grade remained at ‘Sell’, reflecting a cautious stance despite the price momentum.
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26 February 2026: Peak at Rs.97.25 Before Profit-Taking
On Thursday, Tavernier Resources Ltd reached its highest price of the week at Rs.97.25, setting yet another 52-week and all-time high. The stock opened and traded steadily at this level, reflecting strong market momentum. Despite this, the day ended with a slight decline of 1.01% intraday, underperforming the sector by 0.94%. The Sensex closed marginally higher by 0.19%, led by mega-cap gains.
This day marked the sixth consecutive session of gains before the stock began to show signs of consolidation. The technical setup remained positive, with the stock trading above all key moving averages. The Mojo Grade stayed at ‘Sell’, upgraded from ‘Strong Sell’ in December 2025, indicating a nuanced view balancing price strength with fundamental caution.
27 February 2026: Market Sell-Off Pressures Stock to Rs.89.86
Friday’s session saw a sharp reversal as Tavernier Resources Ltd declined 4.99% to close at Rs.89.86, the week’s low. This drop came amid a broad market sell-off, with the Sensex falling 1.16%. The stock’s volume remained elevated at 7,994 shares, suggesting active trading during the decline. This pullback erased some of the week’s earlier gains but left the stock still 2.44% higher than the previous Friday’s close.
The retreat may reflect profit-taking after the rapid ascent earlier in the week. Despite the setback, the stock’s weekly outperformance relative to the Sensex highlights its relative resilience in a volatile market environment.
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Daily Price Comparison: Tavernier Resources Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.92.89 | +5.89% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.94.99 | +2.26% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.94.96 | -0.03% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.94.58 | -0.40% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.89.86 | -4.99% | 36,322.56 | -1.16% |
Key Takeaways from the Week
Strong Early-Week Momentum: Tavernier Resources Ltd’s stock surged early in the week, hitting three consecutive new 52-week and all-time highs (Rs.93.5, Rs.96.9, Rs.97.25) supported by robust technical indicators and sustained buying interest.
Outperformance vs Sensex: The stock’s 2.44% weekly gain contrasted with the Sensex’s 0.96% decline, highlighting relative strength amid a mixed market backdrop.
Technical Strength: Consistent trading above all major moving averages throughout the week signalled a strong bullish trend, despite the late-week pullback.
Rating Upgrade but Cautious Outlook: MarketsMOJO upgraded the Mojo Grade from ‘Strong Sell’ to ‘Sell’ in December 2025, reflecting improved fundamentals but maintaining a cautious stance given valuation and market conditions.
Profit-Taking and Volatility: The sharp decline on 27 February amid a broader market sell-off suggests profit-taking after a rapid ascent, indicating potential short-term volatility ahead.
Sector Leadership: The stock outperformed its Trading & Distributors sector peers on key days, underscoring its leadership position within the industry.
Conclusion
Tavernier Resources Ltd’s week was characterised by a strong rally early on, culminating in multiple new 52-week and all-time highs, before a notable pullback on the final trading day. The stock’s 2.44% weekly gain amid a declining Sensex demonstrates resilience and relative strength. Technical indicators remain supportive, with the stock trading above all key moving averages, while the Mojo Grade upgrade signals an improving but still cautious fundamental outlook. Investors should note the recent volatility and profit-taking signs as the stock consolidates after a rapid advance. Overall, Tavernier Resources Ltd’s performance this week highlights a dynamic phase in its market journey within the Trading & Distributors sector.
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