Key Events This Week
2 Feb: Stock hits 52-week low at Rs.149.85 amid market volatility
3 Feb: Strong gap up and intraday high surge of 8.78%
4-5 Feb: Mild declines with subdued volumes
6 Feb: Week closes with a 2.57% gain to Rs.161.35
2 February 2026: Stock Hits 52-Week Low Amid Market Volatility
Tribhovandas Bhimji Zaveri Ltd began the week on a challenging note, with its stock price plunging to a fresh 52-week low of Rs.149.85 on 2 February 2026. The stock closed down 6.72% on the day, significantly underperforming the Sensex, which declined 1.03%. This sharp fall was accompanied by elevated volatility and a volume of 18,227 shares traded, reflecting investor uncertainty.
The stock opened with a gap up of 5.78% intraday but reversed sharply, closing near its low. This decline extended a two-day losing streak, with the stock losing over 6% cumulatively. TBZ’s underperformance was notable against the Gems, Jewellery and Watches sector, which also faced pressure. The stock traded below all key moving averages, signalling sustained bearish momentum.
3 February 2026: Strong Gap Up and Intraday Surge Reverses Downtrend
On 3 February, TBZ staged a remarkable recovery, opening with a significant gap up of 6.77% to Rs.161.90 and surging intraday by 8.78%, reaching a high of Rs.164.00. This rally reversed a four-day losing streak and outperformed both its sector peers and the Sensex, which rose 2.63% on the day.
The stock’s intraday volatility was exceptionally high at 97.45%, indicating active trading and strong investor interest. Despite this surge, TBZ remained below its longer-term moving averages, suggesting that while short-term momentum improved, the broader trend remained cautious. The stock’s high beta of 1.47 contributed to its pronounced price swings during the session.
Technical indicators presented a mixed picture, with the MACD and Bollinger Bands signalling bearish conditions on weekly and monthly timeframes, while the RSI and KST showed no clear directional bias. This suggests that the rally may be a short-term rebound within a longer-term consolidation phase.
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4-5 February 2026: Mild Declines Amid Lower Volumes
Following the strong rebound, TBZ experienced mild declines on 4 and 5 February, closing at Rs.160.25 (-1.02%) and Rs.157.30 (-1.84%) respectively. Volumes dropped significantly to 11,574 and 4,643 shares, indicating reduced trading interest. The stock’s performance during these sessions contrasted with the Sensex, which gained 0.37% on 4 February but declined 0.53% on 5 February.
This consolidation phase suggests some profit-taking after the sharp rally, with the stock still navigating resistance levels. The declines were relatively modest, and the stock remained above the 52-week low established earlier in the week.
6 February 2026: Week Closes with a 2.57% Gain
On the final trading day of the week, TBZ rebounded to close at Rs.161.35, up 2.57% on the day with a volume of 18,001 shares. This gain helped the stock finish the week with a net increase of 7.65% from the 2 February low, though it still lagged the Sensex’s 2.53% rise over the same period.
The stock’s recovery on 6 February reinforced the short-term positive momentum, but it remained below several key moving averages, indicating that longer-term technical hurdles persist. The Sensex closed marginally higher by 0.10%, reflecting a broadly stable market environment.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.149.85 | -6.72% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.161.90 | +8.04% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.160.25 | -1.02% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.157.30 | -1.84% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.161.35 | +2.57% | 36,730.20 | +0.10% |
Key Takeaways
The week for Tribhovandas Bhimji Zaveri Ltd was characterised by significant volatility and a sharp intraday reversal. The stock’s fall to a 52-week low on 2 February highlighted ongoing market pressures and bearish sentiment. However, the strong gap up and intraday surge on 3 February demonstrated a notable shift in trading dynamics, with the stock outperforming both its sector and the Sensex on that day.
Despite the midweek consolidation and mild declines, TBZ closed the week with a respectable gain of 7.65% from its low, though it still underperformed the broader market’s 2.53% rise over the same period. The stock’s technical indicators remain mixed, with short-term momentum improving but longer-term moving averages and bearish signals suggesting caution.
Financially, TBZ’s recent earnings growth and operational efficiency metrics provide some support, but elevated leverage and modest return on equity continue to pose challenges. The Mojo Score of 51.0 and a ‘Hold’ rating reflect this balanced outlook.
Conclusion
Tribhovandas Bhimji Zaveri Ltd’s trading week was a study in contrasts, with a steep decline early on followed by a robust recovery. The stock’s ability to rebound sharply from a 52-week low and outperform its sector on 3 February signals potential short-term resilience. However, the persistence of bearish technical indicators and underperformance relative to the Sensex over the week counsel a measured approach. Investors should monitor the stock’s ability to sustain gains above key moving averages and watch for any shifts in market sentiment or fundamental developments that could influence its trajectory.
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