Key Events This Week
16 Feb: Stock falls to 52-week low of Rs.42.01
17 Feb: New 52-week low hit at Rs.40
19 Feb: Price dips further amid volatile trading
20 Feb: Fresh 52-week low of Rs.38.5 recorded
16 February 2026: Sharp Decline to 52-Week Low of Rs.42.01
Veejay Lakshmi Engineering Works Ltd’s stock plunged to a fresh 52-week low of Rs.42.01 on 16 February, closing down 10.79% at Rs.42.64. This marked a continuation of the stock’s downward trajectory, extending a two-day losing streak. The decline was notable against the Sensex’s 0.70% gain, highlighting the stock’s underperformance. The drop was driven by deteriorating financial metrics, including a net loss after tax of Rs.3.39 crore over the latest six months and quarterly net sales falling to Rs.15.98 crore, the lowest in recent years. The stock traded below all key moving averages, signalling sustained bearish momentum.
17 February 2026: Further Slide to Rs.40 Amid Weak Financials
The downward pressure intensified on 17 February as the stock hit a new 52-week low of Rs.40, closing at Rs.40.56, down 4.88% on the day. This represented a cumulative decline of 12.29% over three sessions. Despite the Sensex rising 0.32%, Veejay Lakshmi lagged significantly, reflecting ongoing concerns about its financial health. The company’s operating profit growth remains subdued at 2.96% annually over five years, while profitability has deteriorated sharply, with profits falling by 411% in the past year. The stock’s negative Debt to EBITDA ratio of -1.00 times further emphasises its challenges in servicing debt.
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19 February 2026: Volatile Trading Amid Market Weakness
On 19 February, the stock closed at Rs.40.00, down 4.76% on the day, continuing its volatile trading pattern. The Sensex fell 1.45% that day, yet Veejay Lakshmi’s decline was sharper, reflecting persistent selling pressure. The stock’s trading volume surged to 4,026 shares, indicating increased activity amid uncertainty. The company’s financial trend score has deteriorated from -3 to -10 over the past three months, signalling worsening fundamentals. The Mojo Grade remains at Strong Sell, reflecting heightened caution among market participants.
20 February 2026: Fresh 52-Week Low at Rs.38.5 Despite Market Gains
The week concluded with the stock hitting a new 52-week low of Rs.38.5 on 20 February, closing at Rs.40.07, a marginal 0.18% gain on the day. Intraday volatility was high at 5.52%, with the stock touching a high of Rs.43 before retreating. This price action occurred despite the Sensex gaining 0.41%, underscoring the stock’s relative weakness. The company’s financial challenges remain acute, with a six-month PAT loss of Rs.3.39 crore and quarterly net sales at a low Rs.15.98 crore. The stock continues to trade below all key moving averages, reinforcing the bearish technical outlook.
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Daily Price Comparison: Veejay Lakshmi Engineering Works Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.42.64 | -10.79% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.40.56 | -4.88% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.42.00 | +3.55% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.40.00 | -4.76% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.40.07 | +0.18% | 36,674.32 | +0.41% |
Key Takeaways from the Week
Persistent Downtrend: The stock consistently hit new 52-week lows throughout the week, closing 16.17% lower than the previous Friday, signalling sustained bearish momentum.
Financial Deterioration: Declining quarterly net sales at Rs.15.98 crore and a six-month PAT loss of Rs.3.39 crore (-22.53%) highlight operational challenges and margin pressures.
Technical Weakness: Trading below all major moving averages and experiencing high intraday volatility, the stock’s technical indicators remain negative.
Market Divergence: While the Sensex gained 0.39% over the week, Veejay Lakshmi underperformed sharply, reflecting company-specific issues rather than broader market trends.
Conclusion
Veejay Lakshmi Engineering Works Ltd’s performance this week underscores the significant challenges it faces amid deteriorating financial results and technical weakness. The stock’s sharp decline to fresh 52-week lows, coupled with negative profitability trends and limited debt servicing capacity, has resulted in a Strong Sell rating and a Mojo Score of 3.0. Despite a broadly resilient market environment, the company’s shares remain under pressure, reflecting both fundamental and technical headwinds. Investors should note the divergence from the Sensex’s modest gains and the ongoing volatility, which may persist until there is a clear turnaround in financial performance and operational stability.
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