This report is the updated version of the report published on January 13, 2026, 08:54 AM GMT.

Company Overview:   

Tekmar Group PLC (LSE: TGP) is an FTSE AIM All Share listed, a United Kingdom-based provider of technology and services for the offshore energy markets. The principal activity of the Company and its subsidiaries include design, manufacture and supply of subsea stability and protection technology, including associated subsea engineering services, operating across the global offshore energy markets, predominantly offshore wind.   

This Report covers the Key Recommendation Rationale, Conclusion, and Recommendation on the stock.

Technical Commentary: TGP, trading near 11.50, is currently weak, the share price remains below all major short- and long-term moving averages, confirming a weak underlying trend. Momentum indicators such as MACD remain negative, while RSI is subdued and not signalling oversold conditions, suggesting limited scope for a near-term rebound. The stock has struggled to sustain rallies, with lower highs and fragile support levels, indicating persistent selling pressure and lack of bullish conviction.

As per the previous report published on “TGP” as on 12 January 2026, Kalkine provided a “Speculative Buy” stance on the stock at GBX 10.50

Technical Analysis summary as on January 12, 2026

TGP Daily Chart

 Price Chart (as of January 13, 2026). Source: Trading View 

A ‘Sell’ recommendation is given on the stock at the current market price of GBX 11.50 on 13th January 2026 at 08:20 AM, GMT. 

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Markets are trading in a highly volatile zone currently due to certain Macro & Micro-economic data and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on January 13, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.