Steelcast Ltd

Steelcast Ltd demonstrated a strong intraday performance on 3 Feb 2026, surging 12.6% to touch an intraday high of Rs 252 amid heightened volatility and sustained buying momentum, significantly outperforming its sector and the broader market indices.

Steelcast Ltd, a player in the Castings & Forgings sector, commenced trading on 3 Feb 2026 with a notable gap up, opening 7.62% higher than its previous close. This strong start reflects a continuation of positive momentum, as the stock outperformed its sector and broader market indices, signalling robust investor response to recent developments.

Steelcast Ltd, a key player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, reflected in a 14.37% surge in its share price to ₹211.35 on 2 Feb 2026. Despite this sharp rise, technical indicators present a nuanced picture, with some signals improving while others remain cautious, prompting a recent downgrade in the company’s Mojo Grade from Hold to Sell.

Steelcast Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 20 January 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 01 February 2026, providing investors with the latest insights into the company’s performance and outlook.

Steelcast Ltd recorded a robust intraday rally on 1 Feb 2026, surging to a day’s high of Rs 193.7, marking a 12.62% increase from its previous close. The stock outperformed its sector and broader market indices amid heightened volatility and notable trading momentum.

Steelcast Ltd, a key player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, prompting a downgrade in its market rating. The stock’s recent price action and technical indicators reveal a transition from mildly bearish to bearish trends, signalling caution for investors amid volatile market conditions.

Steelcast Ltd has recently seen its quality grade upgraded from average to good, reflecting notable improvements in its core business fundamentals. This shift comes amid a challenging market backdrop and evolving investor sentiment, prompting a detailed analysis of the company’s financial health, operational efficiency, and comparative performance within the Castings & Forgings sector.

Steelcast Limited, a Gujarat-based castings manufacturer with a market capitalisation of ₹1,907 crores, delivered a mixed performance in Q2 FY26 (Jul-Sep'25), with net profit rising 16.75% quarter-on-quarter to ₹23.21 crores whilst revenue remained virtually flat at ₹106.65 crores. Despite the sequential revenue stagnation, year-on-year comparisons paint a more robust picture, with net sales surging 41.54% and net profit climbing 74.62% compared to Q2 FY25. The stock, trading at ₹185.50 as of January 30, 2026, has declined 2.45% following the results announcement, reflecting investor concerns about near-term growth momentum even as profitability metrics remain strong.

Steelcast Ltd, a key player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, moving from a sideways trend to a bearish stance. Despite a recent uptick in price, the stock’s technical indicators present a complex picture, with bearish signals dominating weekly and daily charts, while some monthly indicators remain mildly bullish or neutral. This nuanced technical landscape warrants close attention from investors as the stock navigates volatile market conditions.

Steelcast Ltd, a key player in the Castings & Forgings sector, has recently formed a Death Cross as its 50-day moving average (DMA) crossed below the 200-DMA, signalling a potential shift towards a bearish trend. This technical development, coupled with deteriorating momentum indicators and a downgrade in its Mojo Grade to Sell, raises concerns about the stock’s near- to medium-term outlook despite its strong long-term performance.

Steelcast Ltd, a key player in the Castings & Forgings sector, has seen its investment rating downgraded from Hold to Sell as of 20 Jan 2026. This change reflects a complex interplay of technical indicators, valuation concerns, and financial trends despite the company’s robust operational performance and long-term growth prospects.

Steelcast Ltd, a key player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, reflected in a downgrade of its Mojo Grade from Hold to Sell on 20 Jan 2026. The stock’s recent price action and technical indicators suggest a transition from a mildly bullish trend to a sideways or bearish stance, raising concerns for investors amid a 4.39% decline in a single day.

Steelcast Ltd, a key player in the Castings & Forgings sector, has recently exhibited a subtle shift in its technical momentum, moving from a sideways trend to a mildly bullish stance. Despite a modest decline in its share price, the stock’s technical indicators present a nuanced picture, with some signals pointing towards potential upward momentum while others remain cautious. This article delves into the latest technical parameters, analysing key indicators such as MACD, RSI, moving averages, and more, to provide a comprehensive view of Steelcast’s current market positioning.

Steelcast Ltd, a key player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, moving from a mildly bullish stance to a sideways trend. This transition is underscored by a complex interplay of technical indicators including MACD, RSI, moving averages, and Bollinger Bands, signalling a nuanced outlook for investors as the stock navigates short-term pressures and longer-term potential.

Steelcast Ltd, a key player in the Castings & Forgings sector, has exhibited a notable shift in price momentum, moving from a sideways trend to a mildly bullish stance. Despite mixed signals from various technical indicators, the stock’s recent performance outpaces the broader market, signalling potential opportunities for investors amid cautious optimism.

Steelcast Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 24 December 2025. However, the analysis and financial metrics presented here reflect the stock's current position as of 02 January 2026, providing investors with the latest insights into its performance and outlook.

Steelcast Ltd, a key player in the Castings & Forgings sector, has recently exhibited a shift in price momentum, moving from a sideways trend to a mildly bullish stance. Despite mixed signals from various technical indicators, the stock’s long-term performance continues to outpace the broader market, prompting a reassessment of its outlook by analysts and investors alike.