Bajaj Electricals Ltd Hits Intraday High with 7.67% Surge on 3 Feb 2026

Intraday Trading Highlights

The stock demonstrated significant momentum throughout the trading session, registering an intraday volatility of 7.46% based on its weighted average price. This volatility was accompanied by a notable price jump, with the share price climbing 11.01% from its opening levels to reach the peak of Rs 440.25. This surge marked a clear reversal after two consecutive days of declines, signalling renewed buying interest within the session.

Bajaj Electricals Ltd’s performance today outpaced the Electronics & Appliances sector by 8.29%, while the Sensex itself gained 2.63%. The stock’s one-day gain of 5.40% also exceeded the Sensex’s 2.68% rise, underscoring its relative strength in a market that saw mixed momentum.

Despite the broader market’s initial gap-up opening of 3,656.74 points, the Sensex lost momentum and retreated by 1,510.60 points to trade at 83,812.60 by mid-session, remaining 2.8% shy of its 52-week high of 86,159.02. Bajaj Electricals Ltd’s ability to buck this trend highlights its distinct intraday resilience.

Technical Positioning and Moving Averages

From a technical standpoint, the stock closed above its 5-day and 20-day moving averages, indicating short-term strength. However, it remained below its longer-term averages of 50-day, 100-day, and 200-day moving averages, suggesting that while the immediate trend is positive, the broader trend still faces resistance. This mixed technical picture reflects the stock’s current phase of consolidation amid volatile trading conditions.

The stock’s Mojo Score stands at 26.0, with a Mojo Grade of Strong Sell as of 22 Sep 2025, a downgrade from its previous Sell rating. The Market Cap Grade is 3, reflecting its mid-tier market capitalisation within the Electronics & Appliances sector.

Comparative Performance Over Various Timeframes

While today’s intraday surge was impressive, Bajaj Electricals Ltd’s longer-term performance remains subdued relative to the benchmark Sensex. Over the past week, the stock gained 8.19%, significantly outperforming the Sensex’s 2.44% rise. However, over the past month, the stock declined by 12.92%, compared to the Sensex’s modest 2.22% fall. The three-month and one-year performances show sharper declines of 16.90% and 41.68% respectively, against the Sensex’s near-flat and positive returns.

Year-to-date, Bajaj Electricals Ltd is down 12.48%, while the Sensex has declined by 1.60%. Over a three-year horizon, the stock has fallen 63.86%, contrasting with the Sensex’s 37.83% gain. Even over five and ten years, the stock’s returns of -43.29% and +138.45% lag behind the Sensex’s 66.86% and 246.18% respectively.

This data illustrates the stock’s recent volatility and challenges in regaining sustained upward momentum despite intermittent strong sessions such as today.

Market Context and Sector Dynamics

The Electronics & Appliances sector, to which Bajaj Electricals Ltd belongs, has experienced mixed trading patterns in recent sessions. The sector’s performance today was outpaced by Bajaj Electricals Ltd, which gained 7.67% compared to the sector’s lower advance. Mega-cap stocks led the broader market rally, contributing to the Sensex’s overall 2.63% gain despite mid-session profit-taking.

Sensex’s technical indicators show it trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling a cautiously positive medium-term trend. Bajaj Electricals Ltd’s divergence from the broader market’s intraday weakness highlights its distinct trading dynamics within the sector.

Summary of Today’s Trading Session

Bajaj Electricals Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a sharp price rise, high volatility, and a reversal of recent declines. The stock’s ability to outperform both its sector and the broader market indices amid a volatile trading environment underscores its active trading interest and dynamic price action.

While the stock remains below its longer-term moving averages and carries a Strong Sell Mojo Grade, today’s session demonstrated a notable rebound with a 7.67% gain and an intraday high of Rs 440.25. This performance contrasts with the Sensex’s mid-session pullback and highlights the stock’s distinct trading behaviour within the Electronics & Appliances sector.

Investors and market participants will likely continue to monitor the stock’s price action relative to key technical levels and sector trends in the coming sessions.

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