Key Events This Week
Jan 27: Stock hits 52-week low at Rs.2,166.15
Jan 28: Sharp open interest surge of 16.6% in derivatives
Jan 30: Week closes at Rs.2,333.65, up 5.14% for the week
27 January 2026: Stock Hits 52-Week Low Amid Market Pressure
On 27 January, Tube Investments of India Ltd’s stock price declined sharply, touching a fresh 52-week low of Rs.2,166.15 during intraday trading. The stock closed at Rs.2,191.05, down 1.29% for the day, underperforming the Sensex which rose 0.50% to 35,786.84. This marked a continuation of recent weakness, with the stock falling 4.58% over the prior two sessions.
The decline reflected ongoing challenges including subdued earnings growth and valuation pressures. The stock traded below all major moving averages, signalling sustained downward momentum. Despite the broader market’s modest gains, the company’s shares faced selling pressure, reflecting investor caution amid sector headwinds.
28 January 2026: Surge in Derivatives Open Interest Signals Market Activity
Following the prior day’s decline, Tube Investments saw a notable 16.6% surge in open interest in its derivatives segment on 28 January, rising from 19,623 to 22,880 contracts. This increase was accompanied by a futures volume of 9,145 contracts and a futures value of approximately ₹17,708 lakhs, alongside an exceptionally high options notional value of ₹2,424 crores.
The stock price rebounded to close at Rs.2,280.20, gaining 4.07% and outperforming its sector by 1.77%. The weighted average price data indicated that much of the volume traded near the day’s low, suggesting accumulation by buyers at depressed levels. This activity pointed to fresh positions being initiated, reflecting a divergence of market sentiment with both bullish and bearish bets.
Despite this short-term recovery, the stock remained below all key moving averages, indicating the broader trend remained bearish. The increased delivery volume of 2.57 lakh shares, up 43.34% from the five-day average, further underscored heightened investor participation.
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29 January 2026: Continued Gains Amid Modest Market Rally
On 29 January, the stock extended its recovery, closing at Rs.2,325.30, up 1.98%. This gain outpaced the Sensex’s 0.22% rise to 36,266.59, reflecting sustained buying interest. However, trading volume was relatively low at 9,689 shares, indicating cautious participation.
The stock’s performance suggested that investors were responding positively to the prior day’s derivatives activity and accumulation signals. Nonetheless, the price remained below key moving averages, and the overall technical outlook remained mixed.
30 January 2026: Week Closes with Marginal Gains Despite Market Dip
On the final trading day of the week, Tube Investments closed at Rs.2,333.65, a modest gain of 0.36% on the day despite the Sensex falling 0.22% to 36,185.03. Volume was thin at 2,553 shares, reflecting subdued trading activity. The stock’s weekly gain of 5.14% significantly outperformed the Sensex’s 1.62% rise, marking a positive turnaround from the week’s low point.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.2,191.05 | -1.29% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.2,280.20 | +4.07% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.2,325.30 | +1.98% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.2,333.65 | +0.36% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: The stock’s 5.14% weekly gain outpaced the Sensex’s 1.62%, driven by a sharp rebound from a 52-week low and a significant surge in derivatives open interest and volume. The increased delivery volume and accumulation near lows suggest some investor confidence at depressed price levels.
Cautionary Notes: Despite the short-term recovery, the stock remains below all major moving averages, indicating the prevailing bearish trend. The company’s current Mojo Grade of Sell and recent downgrade reflect ongoing challenges in profitability and valuation. The mixed market signals and sector headwinds warrant a cautious approach.
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Conclusion
Tube Investments of India Ltd’s stock demonstrated resilience this week, recovering from a 52-week low to close with a 5.14% gain. The surge in derivatives open interest and volume on 28 January highlighted increased market activity and a potential shift in investor positioning. However, the stock remains technically weak, trading below all key moving averages, and the company’s current Sell rating reflects ongoing fundamental challenges.
Investors should weigh the short-term rebound against the broader bearish trend and sectoral headwinds. The week’s price action and market signals suggest a cautious stance, with potential for volatility as market participants reassess the stock’s outlook amid mixed signals.
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