Key Events This Week
19 Jan: Stock opens at Rs.480.45, down 4.51%
20 Jan: Downgrade to Sell by MarketsMOJO amid technical weakness
21 Jan: Hits 52-week low at Rs.454.4
22 Jan: Temporary rebound to Rs.478.00 (+1.84%)
23 Jan: Week closes at Rs.463.30 (-3.08%)
Monday, 19 January 2026: Sharp Opening Decline Amid Broader Market Weakness
Triveni Turbine began the week on a weak note, closing at Rs.480.45, down 4.51% from the previous Friday’s close of Rs.503.15. This decline outpaced the Sensex’s 0.49% drop to 36,650.97, signalling early investor caution. The stock’s volume was robust at 800,967 shares, reflecting active trading amid the negative sentiment. The price action suggested a continuation of the recent downtrend, with the stock hovering near its 52-week low range.
Tuesday, 20 January 2026: Downgrade to Sell Amplifies Bearish Sentiment
On 20 January, MarketsMOJO downgraded Triveni Turbine Ltd. from Hold to Sell, citing technical weakness and valuation concerns. The downgrade followed a detailed review highlighting flat recent financial results, stretched valuation multiples with a P/B ratio of 11.7, and deteriorating technical indicators such as a bearish MACD and Bollinger Bands. The stock closed at Rs.471.00, down 1.97%, further underperforming the Sensex’s 1.82% fall to 35,984.65. The downgrade reinforced the bearish momentum, with the Mojo Score dropping to 44.0 and the technical grade shifting to outright bearish.
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Wednesday, 21 January 2026: New 52-Week Low Amid Prolonged Downtrend
The stock hit a fresh 52-week low of Rs.454.4 intraday on 21 January, closing at Rs.469.35, down 0.35%. This marked a significant milestone in the ongoing downtrend, with the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The volume declined to 331,936 shares, indicating reduced trading interest amid bearish pressure. The broader market also remained weak, with the Sensex falling 0.47% to 35,815.26. Despite the decline, the stock marginally outperformed its sector on the day by 0.29%, though the overall trend remained negative.
Thursday, 22 January 2026: Temporary Rebound on Increased Volume
Triveni Turbine saw a brief recovery on 22 January, rising 1.84% to close at Rs.478.00 on strong volume of 1,091,295 shares. This rebound coincided with a 0.76% gain in the Sensex to 36,088.66, suggesting some market-wide relief. However, technical indicators remained predominantly bearish, with the stock still below key moving averages and Bollinger Bands signalling downward pressure. The intraday range between Rs.470.0 and Rs.480.5 reflected volatility, but the recovery was insufficient to reverse the weekly downtrend.
Friday, 23 January 2026: Week Ends with Further Decline on Thin Volume
The week concluded with Triveni Turbine closing at Rs.463.30, down 3.08% on very low volume of 24,658 shares. This decline outpaced the Sensex’s 1.33% fall to 35,609.90, underscoring the stock’s relative weakness. The low trading volume suggested limited buying interest, reinforcing the bearish technical outlook. The stock’s weekly performance of -7.92% contrasted sharply with the Sensex’s -3.31%, highlighting the stock’s underperformance amid valuation and operational concerns.
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Daily Price Performance: Triveni Turbine vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.480.45 | -4.51% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.471.00 | -1.97% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.469.35 | -0.35% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.478.00 | +1.84% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.463.30 | -3.08% | 35,609.90 | -1.33% |
Key Takeaways from the Week
1. Technical Weakness and Downgrade: The downgrade to Sell by MarketsMOJO on 20 January was a pivotal event, reflecting deteriorating technical indicators such as bearish MACD, Bollinger Bands, and moving averages. This shift to outright bearish momentum was accompanied by a Mojo Score of 44.0, signalling increased risk for investors.
2. Valuation Concerns Amid Flat Financials: Despite strong long-term fundamentals, recent flat quarterly results and stretched valuation metrics—P/B ratio of 11.7 and PEG ratio of 5.2—have raised questions about the stock’s near-term growth prospects. Operating cash flow and debtor turnover ratios have also weakened, indicating liquidity pressures.
3. New 52-Week Low and Underperformance: The stock’s fall to a 52-week low of Rs.454.4 on 21 January underscored the sustained downtrend. Over the week, the stock declined 7.92%, significantly underperforming the Sensex’s 3.31% fall. This highlights the stock’s vulnerability amid broader market weakness and sector headwinds.
Conclusion: Cautious Outlook Amid Bearish Momentum
Triveni Turbine Ltd.’s performance this week was marked by a clear downtrend, driven by a combination of technical deterioration, valuation concerns, and subdued financial results. The MarketsMOJO downgrade to Sell and the fresh 52-week low reflect growing investor caution. While the company’s long-term fundamentals remain solid, the near-term outlook is challenged by liquidity pressures and weak price momentum. The stock’s underperformance relative to the Sensex suggests that investors should remain vigilant and monitor technical signals closely before considering exposure.
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