Key Events This Week
2 Feb: Stock surged to upper circuit at Rs.2.08 (+4.52%)
3 Feb: Plunged to lower circuit at Rs.1.93 (-4.93%) amid heavy selling
6 Feb: Rebounded to upper circuit at Rs.2.02 (+3.63%)
Weekly Close: Rs.1.89 (-7.35%) vs Sensex +1.51%
2 February 2026: Surge to Upper Circuit on Robust Buying Momentum
Vaxtex Cotfab Ltd opened the week with a strong rally, hitting the upper circuit limit of Rs.2.08, a 4.52% gain from the previous close of Rs.2.03. This surge was driven by robust buying interest despite a subdued market backdrop, with the Sensex rising only 0.22% that day. The stock’s intraday low was Rs.1.95, indicating sustained upward pressure throughout the session. Trading volume reached 1.02 lakh shares, a notable figure for this micro-cap stock with a market capitalisation near Rs.38 crore.
Technically, the stock’s price exceeded its 100-day and 200-day moving averages, signalling underlying long-term strength. However, it remained below shorter-term averages, suggesting some resistance ahead. The upper circuit triggered a regulatory freeze on further buying, yet unfilled demand persisted, hinting at potential for continued momentum if market conditions allow.
3 February 2026: Sharp Decline to Lower Circuit Amid Heavy Selling
The following day saw a dramatic reversal as Vaxtex Cotfab Ltd plunged to its lower circuit limit of Rs.1.93, a 4.93% drop from the previous close. This decline occurred despite a strong market environment, with the Sensex gaining 2.64% and the garments and apparels sector rising 8.38%. The stock’s intraday high was Rs.2.07, but persistent selling pressure overwhelmed demand, reflected in a high traded volume of 6.10 lakh shares.
From a technical perspective, the stock remained above its long-term moving averages but fell below the 5-day, 20-day, and 50-day averages, indicating bearish momentum in the short term. The sharp sell-off and circuit hit suggest panic selling and a lack of buyer support at current levels. The company’s Mojo Score of 39.0 and Sell rating, downgraded from Strong Sell in November 2025, likely contributed to cautious investor sentiment.
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4 & 5 February 2026: Consolidation and Minor Recovery
On 4 February, the stock continued to decline modestly, closing at Rs.1.90, down 2.06% on low volume of 2.73 lakh shares. The Sensex gained 0.37% that day, highlighting the stock’s underperformance. On 5 February, Vaxtex Cotfab Ltd rebounded slightly to Rs.1.93 (+1.58%) on thinner volume of 1.77 lakh shares, while the Sensex declined 0.53%. This minor recovery suggested some short-term buying interest, though volumes remained subdued compared to earlier in the week.
6 February 2026: Another Upper Circuit Surge Amid Strong Buying Pressure
The week closed with a renewed burst of buying as Vaxtex Cotfab Ltd surged to its upper circuit limit of Rs.2.02, closing at Rs.2.00, a 3.63% gain on the day. This move contrasted with the broader market, where the Sensex slipped 0.41% and the garments and apparels sector declined 1.30%. The stock’s intraday range was Rs.1.86 to Rs.2.02, with moderate volume of 35,249 shares traded.
Technically, the closing price was above the 5-day, 100-day, and 200-day moving averages, signalling short- and long-term bullish momentum. However, resistance remained at the 20-day and 50-day averages, indicating potential hurdles ahead. The upper circuit triggered a regulatory freeze, with unfilled demand suggesting continued interest but also possible volatility once trading resumes.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.2.03 | -0.49% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.1.94 | -4.43% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.1.90 | -2.06% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.1.93 | +1.58% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.1.89 | -2.07% | 36,730.20 | +0.10% |
Key Takeaways from the Week
The week’s price action for Vaxtex Cotfab Ltd was marked by extreme volatility, with two upper circuit hits and one lower circuit plunge. The stock’s 7.35% weekly decline sharply contrasted with the Sensex’s 1.51% gain, highlighting company-specific challenges amid a mixed sector backdrop.
Strong buying interest on 2 and 6 February demonstrated pockets of investor enthusiasm, possibly driven by short-term speculative demand or positive company developments. However, the severe sell-off on 3 February amid a broadly positive market environment signals underlying concerns, reflected in the stock’s Sell Mojo Grade and micro-cap risks.
Technically, the stock showed resilience by maintaining levels above its long-term moving averages but struggled to sustain momentum above short- and medium-term averages. Liquidity remained moderate but uneven, with volume spikes coinciding with circuit hits, indicating susceptibility to sharp price swings.
Investors should note the regulatory freezes triggered by circuit limits, which capped price movements and left unfilled demand or supply, potentially leading to further volatility in subsequent sessions. The divergence between the stock’s performance and the broader garments and apparels sector’s gains suggests company-specific factors are driving sentiment.
Overall, the week underscored the need for cautious monitoring of Vaxtex Cotfab Ltd’s price and volume trends, given its micro-cap status, sector headwinds, and mixed technical signals.
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