Key Events This Week
Jan 19: Mixed technical signals amid price momentum shift
Jan 20: Bearish momentum intensifies with technical downturn
Jan 21: Stock falls to 52-week low of Rs.107.1
Jan 22-23: Partial recovery followed by renewed selling pressure
Monday, 19 January 2026: Mixed Technical Signals Amid Price Momentum Shift
The week began with The Investment Trust of India Ltd gaining 3.33% to close at Rs.119.35, outperforming the Sensex which declined 0.49% to 36,650.97. This intraday recovery was accompanied by a complex technical picture. While short-term momentum indicators such as the weekly Relative Strength Index (RSI) showed bullish signs, longer-term oscillators including the Moving Average Convergence Divergence (MACD) and Know Sure Thing (KST) remained bearish. The stock traded below key moving averages, signalling caution despite the positive price movement.
Volume was relatively low at 262 shares, reflecting limited conviction behind the rally. The mixed signals suggested a tentative improvement in momentum but underscored the need for confirmation before a sustained uptrend could be established.
Tuesday, 20 January 2026: Bearish Momentum Intensifies Amid Technical Downturn
On 20 January, the stock reversed sharply, falling 5.82% to Rs.112.40 on heavy volume of 1,678 shares. This decline outpaced the Sensex’s 1.82% drop to 35,984.65, signalling increased selling pressure. Technical indicators deteriorated further, with the MACD confirming a bearish trend on weekly and monthly charts. The stock remained below its 50-day and 200-day moving averages, reinforcing the downtrend.
Despite a bullish weekly RSI suggesting some short-term buying interest, the overall technical landscape was negative. Bollinger Bands indicated the stock was trading near the lower band, consistent with heightened volatility and downside risk. The Know Sure Thing (KST) and On-Balance Volume (OBV) indicators also supported the bearish outlook.
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Wednesday, 21 January 2026: Stock Hits 52-Week Low of Rs.107.1
The downward trend culminated on 21 January with the stock falling to a fresh 52-week low of Rs.107.15, a 4.67% decline on the day. This marked a significant milestone amid ongoing market weakness and company-specific challenges. The stock’s price action was characterised by sustained selling pressure, with the share trading below all major moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.
Fundamental concerns compounded the technical weakness. The company reported a 36.7% drop in Profit Before Tax Less Other Income (PBT LESS OI) to Rs.7.76 crores for the September 2025 quarter, alongside a 70.4% decline in Profit After Tax (PAT) to Rs.2.91 crores. Net sales also contracted by 10.2% to Rs.79.06 crores. These results underscored the challenges facing the company’s growth and profitability.
Institutional interest remained absent, with no domestic mutual fund holdings reported, reflecting cautious sentiment among professional investors. Valuation metrics showed a Price to Book Value (P/BV) of 0.8, which, while fair relative to the company’s low Return on Equity (ROE) of 3.11%, was considered a premium compared to peers given the declining earnings.
Thursday, 22 January 2026: Partial Recovery on Low Volume
Following the 52-week low, the stock rebounded 6.49% to Rs.114.10 on very light volume of 19 shares. This recovery coincided with a 0.76% gain in the Sensex to 36,088.66, suggesting some market-wide relief. However, the low trading volume indicated limited conviction behind the bounce, and technical indicators remained mixed. The weekly RSI continued to show short-term bullishness, but the MACD and Bollinger Bands maintained a bearish stance.
Friday, 23 January 2026: Renewed Selling Pressure Closes Week Lower
The week ended with the stock retreating 3.59% to Rs.110.00 on volume of 95 shares, underperforming the Sensex’s 1.33% decline to 35,609.90. This final session’s weakness reinforced the prevailing bearish momentum and capped the week with a net loss of 4.76%. The stock’s technical profile remained challenged, with key moving averages and momentum oscillators signalling continued downside risk.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.119.35 | +3.33% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.112.40 | -5.82% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.107.15 | -4.67% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.114.10 | +6.49% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.110.00 | -3.59% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: The stock showed short-term bullish momentum on the weekly RSI during the early part of the week and a partial recovery on 22 January, indicating some potential for tactical rebounds. The outperformance relative to the Sensex on 19 January also highlighted moments of relative strength.
Cautionary Signals: The dominant technical indicators, including MACD, KST, and moving averages, remained bearish throughout the week. The stock’s fall to a 52-week low on 21 January, coupled with weak quarterly financial results and absence of domestic mutual fund holdings, underscored fundamental and market challenges. The Mojo Score of 12.0 and Strong Sell rating reinforce the negative outlook.
Market Context: The broader market also experienced weakness, with the Sensex declining 3.31% over the week. However, the stock’s 4.76% loss represented an underperformance, reflecting company-specific headwinds beyond general market trends.
Conclusion
The Investment Trust of India Ltd’s performance in the week ending 23 January 2026 was marked by a clear downward trajectory, driven by deteriorating technical momentum and disappointing fundamental results. Despite brief episodes of short-term strength, the stock closed the week lower, hitting a 52-week low and signalling persistent challenges. The combination of bearish technical indicators, weak profitability, and limited institutional interest suggests that the stock remains under pressure in the near term. Investors should continue to monitor key technical levels and fundamental developments closely, as the current environment favours caution.
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