Adani Ports & Special Economic Zone Ltd Hits Intraday High with 3.11% Surge

Intraday Trading Dynamics and Price Movement

On the trading day, Adani Ports & Special Economic Zone Ltd (stock ID 716033) recorded a day change of 3.11%, with the stock price rallying to an intraday peak of Rs 1,384, reflecting a 3.35% rise. This performance was in line with the Transport Infrastructure sector, which itself gained 2.29% during the session. The stock’s upward momentum was notable given its position below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating that the rally occurred despite prevailing technical resistance levels.

Market Context and Sector Performance

The broader market environment on 2 Feb 2026 saw the Sensex open 167.26 points lower but recover strongly by 254.72 points to close at 80,810.40, up 0.11%. Despite the Sensex trading below its 50-day moving average, the 50DMA remained above the 200DMA, signalling a mixed technical backdrop. Mega-cap stocks led the market’s modest gains, with Adani Ports & Special Economic Zone Ltd outperforming the benchmark by a significant margin, registering a 3.26% gain compared to the Sensex’s 0.16% rise over the day.

Performance Relative to Benchmarks Over Various Timeframes

Examining the stock’s performance over multiple periods reveals a complex picture. Over the past week, Adani Ports & Special Economic Zone Ltd advanced 5.75%, contrasting with the Sensex’s decline of 0.84%. However, the stock’s one-month and three-month returns were negative at -7.14% and -4.73% respectively, slightly underperforming the Sensex’s -5.72% and -3.67% losses. On a longer horizon, the stock has delivered substantial gains, with a one-year return of 27.64% compared to the Sensex’s 4.32%, and an impressive three-year return of 199.32% versus the Sensex’s 34.91%. Over five and ten years, the stock’s cumulative returns stand at 150.93% and 549.38% respectively, significantly outpacing the Sensex’s 62.37% and 229.49% gains.

Mojo Score and Rating Update

Adani Ports & Special Economic Zone Ltd holds a Mojo Score of 57.0, categorised under a 'Hold' grade as of 28 Jan 2026, an upgrade from its previous 'Sell' rating. Despite the recent positive price action, the stock’s Market Cap Grade remains at 1, indicating a relatively modest market capitalisation score within its peer group. This rating adjustment reflects a shift in the stock’s momentum and market perception, aligning with its recent intraday strength.

Technical Indicators and Moving Averages

While the stock’s price advanced sharply during the session, it remains below all key moving averages, including the short-term 5-day and 20-day, as well as the longer-term 50-day, 100-day, and 200-day averages. This technical positioning suggests that the stock is still in a consolidation phase from a broader trend perspective, with the recent surge representing a notable intraday breakout rather than a sustained trend reversal. The sector’s gain of 2.29% further supports the stock’s relative strength within its industry group.

Trading Volume and Market Action

Although specific volume data is not disclosed, the stock’s strong intraday price movement and outperformance relative to the Sensex and sector indicate active trading interest and momentum during the session. The recovery of the Sensex from an early negative open to close marginally higher provided a supportive backdrop for large-cap stocks, including Adani Ports & Special Economic Zone Ltd, to register gains.

Summary of Intraday Performance

In summary, Adani Ports & Special Economic Zone Ltd’s intraday high of Rs 1,384 on 2 Feb 2026 represents a strong 3.35% gain, outperforming both the Sensex and its sector peers. The stock’s performance occurred amid a recovering market environment and despite technical resistance from moving averages. Its upgraded Mojo Grade to 'Hold' from 'Sell' earlier in the week aligns with this positive price action. The stock’s longer-term returns remain robust, underscoring its significant appreciation over the past several years.

Market Outlook and Trading Considerations

While the stock’s current trading levels remain below key moving averages, the intraday strength highlights active market participation and potential for further price discovery. The Transport Infrastructure sector’s positive session and the broader market’s recovery from an early dip provided a conducive environment for the stock’s gains. Investors and market participants will likely monitor subsequent sessions for confirmation of sustained momentum or potential consolidation.

Conclusion

Adani Ports & Special Economic Zone Ltd’s strong intraday performance on 2 Feb 2026, marked by a 3.35% rise to Rs 1,384, reflects a notable rebound within the Transport Infrastructure sector and the broader market context. The stock’s upgraded Mojo rating and relative outperformance against the Sensex reinforce its current market standing. However, the technical backdrop suggests that the stock remains in a phase of consolidation, with further price action required to establish a definitive trend direction.

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