Key Events This Week
Jan 20: TBZ reports a stunning 170% profit surge for Q3 FY26
Jan 21: Stock opens with a 7.08% gap up, hitting intraday highs of Rs.182.20
Jan 22: Signs of technical momentum shift amid mixed market signals
Jan 23: Bearish momentum emerges amid mixed technical indicators
Jan 19: Modest Start Despite Sensex Decline
TBZ began the week at Rs.164.55, gaining 0.58% on the day, even as the Sensex fell 0.49% to 36,650.97. The stock’s positive start amid a declining benchmark suggested early resilience, supported by steady volume of 88,607 shares. This set the tone for the week’s relative outperformance.
Jan 20: Q3 FY26 Profit Surge Spurs Buying
The stock surged 2.16% to Rs.168.10 following the release of its Q3 FY26 results, which revealed a remarkable 170% profit increase driven by strong festive demand. This earnings beat was a key catalyst, attracting investor attention despite a sharp 1.82% drop in the Sensex to 35,984.65. Volume remained healthy at 82,958 shares, reflecting robust participation.
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Jan 21: Strong Gap Up and Intraday Highs Amid Upgraded Outlook
On 21 January, TBZ opened sharply higher with a 7.08% gap up, opening at Rs.175.00 and reaching an intraday high of Rs.182.20, an 8.39% increase from the previous close. The stock closed at Rs.171.90, up 2.26%, significantly outperforming the Sensex which declined 0.47%. This surge followed the recent upgrade of TBZ’s mojo grade from Sell to Hold on 12 January, signalling improved analyst sentiment. The day’s volume spiked to 640,612 shares, reflecting heightened trading activity and volatility, consistent with TBZ’s high beta profile of 1.35.
Jan 22: Technical Momentum Shows Tentative Improvement
Despite a 2.15% decline to Rs.168.20, TBZ exhibited signs of a technical momentum shift. The stock’s daily moving averages indicated a mildly bearish trend, while MACD and RSI readings suggested weakening bearish momentum and neutral conditions respectively. The On-Balance Volume (OBV) showed mixed signals with mild bearishness weekly but bullishness monthly, hinting at possible accumulation. The stock’s price oscillated between Rs.166.05 and Rs.182.20, reflecting indecision amid a volatile market. The Sensex rebounded 0.76% to 36,088.66, contrasting TBZ’s decline.
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Jan 23: Bearish Momentum Emerges Amid Mixed Technical Signals
TBZ closed the week at Rs.164.40, down 2.26% on the day, reflecting a shift to bearish momentum. The stock traded between Rs.167.25 and Rs.175.00 intraday, showing volatility but a clear downward bias. Technical indicators including daily moving averages and MACD confirmed a bearish trend, while RSI remained neutral. Bollinger Bands and KST suggested cautious bearishness, and Dow Theory presented mixed signals with weekly mild bullishness but monthly bearishness. OBV indicated mild bearishness weekly but bullishness monthly, suggesting some longer-term accumulation despite short-term selling pressure. The Sensex fell 1.33% to 35,609.90, underperforming TBZ’s decline.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.164.55 | +0.58% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.168.10 | +2.16% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.171.90 | +2.26% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.168.20 | -2.15% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.164.40 | -2.26% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: TBZ outperformed the Sensex by approximately 3.80% over the week, supported by a spectacular 170% profit surge in Q3 FY26 and a mojo grade upgrade from Sell to Hold. The strong gap-up opening and intraday highs on 21 January demonstrated robust investor interest and short-term bullish momentum. Technical indicators showed tentative signs of stabilisation midweek, with volume patterns suggesting possible accumulation.
Cautionary Signals: The latter part of the week saw a shift to bearish momentum, with daily moving averages and MACD turning negative. Mixed technical signals, including neutral RSI and mildly bearish Bollinger Bands, indicate uncertainty. The stock remains below its 52-week high of Rs.232.75 and faces sectoral headwinds. The one-year return remains negative, highlighting medium-term challenges despite recent gains.
Conclusion
Tribhovandas Bhimji Zaveri Ltd demonstrated resilience in a volatile market week, delivering a modest 0.49% gain while the Sensex declined sharply. The company’s strong quarterly earnings and upgraded mojo rating underpinned midweek strength, reflected in a significant gap-up and intraday highs. However, mixed technical signals and a bearish shift late in the week counsel caution. Investors should monitor key technical levels and sector developments closely, as TBZ navigates a complex landscape balancing short-term optimism with longer-term uncertainties.
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