Balkrishna Industries Ltd Hits Intraday High with 9.29% Surge on 3 Feb 2026

Feb 03 2026 09:34 AM IST
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Balkrishna Industries Ltd recorded a robust intraday performance on 3 Feb 2026, surging to an intraday high of Rs 2,742.05, marking a significant 9.29% gain on the day. This strong rebound follows a five-day decline, with the stock outperforming its sector and broader market indices amid heightened volatility and positive trading momentum.
Balkrishna Industries Ltd Hits Intraday High with 9.29% Surge on 3 Feb 2026

Intraday Price Action and Volatility

The stock opened sharply higher with a gap-up of 11.63%, signalling strong buying interest from the outset. Throughout the trading session, Balkrishna Industries exhibited high volatility, with an intraday volatility of 34.98% calculated from the weighted average price. The share price touched a peak of Rs 2,742.05, representing a 20% increase from recent lows, before settling with a day change of 9.29%. This marked a clear reversal after five consecutive sessions of decline, highlighting a shift in intraday market sentiment.

Comparison with Sector and Market Benchmarks

Balkrishna Industries outperformed the Tyres & Allied sector, which gained 5.64% on the same day. The stock’s 9.29% rise exceeded the sector’s performance by 11.99%, underscoring its relative strength within the industry. In contrast, the Sensex index, despite opening 3,656.74 points higher, lost momentum and closed down by 1,377.93 points, a 2.79% decline, trading at 83,945.27. This divergence emphasises Balkrishna Industries’ distinct intraday strength amid broader market weakness.

Moving Averages and Technical Positioning

Technically, Balkrishna Industries is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a short- to long-term upward trend in price action. The stock’s ability to sustain levels above these averages during a volatile session indicates robust underlying demand and technical support.

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Performance Metrics Over Various Timeframes

Examining Balkrishna Industries’ performance over different periods reveals a mixed but improving trend. The stock gained 6.23% in the last trading day compared to the Sensex’s 2.76% rise. Over one week, the stock’s gain was 0.28%, slightly lagging the Sensex’s 2.52%. However, over one month and three months, Balkrishna Industries outperformed the Sensex, with gains of 2.24% and 5.57% respectively, while the Sensex declined by 2.15% and remained nearly flat at -0.07%.

Year-to-date, the stock has risen 4.68%, contrasting with the Sensex’s 1.53% decline. Longer-term performance shows a 5.95% gain over three years, though this trails the Sensex’s 37.93% growth. Over five years, Balkrishna Industries has appreciated by 40.93%, compared to the Sensex’s 66.99%. Notably, the stock has delivered a substantial 709.44% return over ten years, significantly outperforming the Sensex’s 246.44% in the same period.

Mojo Score and Market Capitalisation Insights

Balkrishna Industries currently holds a Mojo Score of 42.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 2 Dec 2025. The market cap grade stands at 2, reflecting its mid-cap status within the Tyres & Rubber Products sector. Despite the recent upgrade, the score indicates cautious sentiment based on the company’s financial and market metrics.

Sector and Market Context

The Tyres & Rubber Products sector has shown resilience with a 5.64% gain on the day, supported by the broader market’s mixed performance. The Sensex, while initially surging, retreated to close 2.79% lower, trading near its 52-week high of 86,159.02, just 2.64% away. The index is positioned below its 50-day moving average, though the 50-day average remains above the 200-day average, indicating a cautiously optimistic medium-term trend. Mega-cap stocks led the market gains, contrasting with the volatility seen in mid-cap names like Balkrishna Industries.

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Trading Dynamics and Market Sentiment

The sharp intraday gains and volatility in Balkrishna Industries reflect active trading interest and a shift in market dynamics after a period of decline. The stock’s ability to outperform both its sector and the broader market during a session where the Sensex lost momentum highlights its distinct price action. The gap-up opening and sustained trading above key moving averages suggest that short-term technical factors played a significant role in driving the price higher.

Summary of Key Intraday Statistics

On 3 Feb 2026, Balkrishna Industries Ltd’s stock price:

  • Opened with an 11.63% gain
  • Reached an intraday high of Rs 2,742.05, a 20% increase
  • Closed with a 9.29% gain on the day
  • Exhibited an intraday volatility of 34.98%
  • Outperformed the Tyres & Allied sector by 11.99%
  • Traded above all major moving averages (5, 20, 50, 100, 200 days)

These figures underscore a notable intraday rebound and strong price momentum within the Tyres & Rubber Products sector.

Conclusion

Balkrishna Industries Ltd demonstrated a marked intraday recovery on 3 Feb 2026, reversing a five-day downtrend with a significant price surge. The stock’s performance outpaced both its sector and the broader market, supported by a gap-up opening, high volatility, and sustained trading above key technical levels. While the Mojo Score remains cautious, the intraday price action highlights a distinct shift in trading dynamics for the company within a volatile market environment.

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