Key Events This Week
Feb 9: Stock opens at Rs.127.20, up 1.52% on strong market sentiment
Feb 10: Sharp rally to Rs.133.00 (+4.56%) following positive momentum
Feb 12: Quarterly results reveal strong revenue growth but margin pressures
Feb 13: Stock closes lower at Rs.125.95 (-5.62%) amid mixed quarterly results and margin concerns
Monday, 9 February 2026: Positive Start Amid Broad Market Gains
Uday Jewellery Industries Ltd began the week on a positive note, closing at Rs.127.20, up 1.52% from the previous Friday’s close of Rs.125.30. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, reflecting early optimism in the stock. The volume of 4,031 shares indicated moderate investor interest as the broader market rallied on positive economic cues.
Tuesday, 10 February 2026: Strong Rally on Momentum
The stock surged 4.56% to Rs.133.00, marking the week’s highest close so far. This sharp advance outperformed the Sensex’s modest 0.25% gain to 37,207.34. The rally was supported by a relatively low volume of 1,204 shares, suggesting selective buying possibly in anticipation of upcoming quarterly results. The price action indicated strong short-term momentum, pushing the stock to its weekly peak.
Wednesday, 11 February 2026: Profit Taking and Minor Correction
Profit-taking emerged as the stock retreated 1.92% to Rs.130.45, despite the Sensex continuing to inch higher by 0.13% to 37,256.72. The lower volume of 646 shares reflected cautious trading ahead of the quarterly earnings announcement. This pullback was a natural consolidation after the previous day’s sharp gains.
Thursday, 12 February 2026: Quarterly Results Reveal Mixed Signals
Uday Jewellery Industries Ltd reported its Q3 FY26 results, posting its highest-ever quarterly revenue of ₹181.34 crores, signalling robust top-line growth. The stock responded positively, rising 2.30% to Rs.133.45 despite the Sensex declining 0.56% to 37,049.40. However, the results also highlighted margin compression, with Profit Before Tax less Other Income plunging 51.43% to ₹2.72 crores. The Profit After Tax for the quarter declined 5.1% to ₹4.31 crores, raising concerns about operational profitability despite strong sales. The financial trend rating was downgraded from very positive to positive, reflecting a cautious outlook.
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Friday, 13 February 2026: Market Reacts to Margin Pressures
The stock closed the week at Rs.125.95, down 5.62% from the previous day’s close of Rs.133.45, on a volume of 3,356 shares. This decline was sharper than the Sensex’s 1.40% drop to 36,532.48, reflecting investor concerns over the margin contraction revealed in the quarterly results. Despite the weekly gain, the sharp Friday sell-off underscored the market’s cautious stance on the company’s profitability challenges. The Mojo Grade was downgraded to Sell with a current Mojo Score of 46.0, signalling increased investor caution.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.127.20 | +1.52% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.133.00 | +4.56% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.130.45 | -1.92% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.133.45 | +2.30% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.125.95 | -5.62% | 36,532.48 | -1.40% |
Key Takeaways
Robust Revenue Growth: Uday Jewellery Industries Ltd achieved its highest quarterly net sales at ₹181.34 crores, demonstrating strong market demand and effective sales strategies despite sector challenges.
Margin Compression Concerns: Profitability metrics showed strain, with a 51.43% drop in PBT less Other Income and a 5.1% decline in quarterly PAT, highlighting operational cost pressures and reduced core earnings quality.
Financial Trend Downgrade: The company’s financial trend score fell from 28 to 16 over three months, accompanied by a Mojo Grade downgrade from Hold to Sell, reflecting growing investor caution.
Stock Performance vs Sensex: The stock outperformed the Sensex over the week, gaining 0.52% while the benchmark fell 0.54%, but ended the week with a sharp decline on Friday due to margin concerns.
Reliance on Non-Operating Income: Non-operating income accounted for over half of the Profit Before Tax, raising questions about the sustainability of earnings from core operations.
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Conclusion
The week for Uday Jewellery Industries Ltd was characterised by a strong top-line performance overshadowed by margin pressures and a cautious market response. While the stock managed a slight weekly gain of 0.52%, outperforming the Sensex’s decline, the sharp sell-off on Friday following the mixed quarterly results highlighted investor concerns about profitability sustainability. The downgrade in the financial trend rating and Mojo Grade to Sell underscores the challenges ahead in operational efficiency and margin management. Investors should closely monitor upcoming quarters for signs of margin stabilisation and improved core earnings quality to better assess the company’s medium-term outlook.
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