Carborundum Universal Ltd Hits Intraday High with 7.14% Surge on 3 Feb 2026

Intraday Trading Highlights

The stock opened with a gap-up of 2.51%, immediately setting a positive tone for the day’s session. Throughout trading, Carborundum Universal Ltd maintained upward momentum, outperforming its sector peers by 1.76%. The Abrasives segment, to which the company belongs, also showed strength, gaining 5.38% on the day, providing a supportive backdrop for the stock’s advance.

Despite the strong intraday gains, the stock’s price remains positioned above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. This technical placement suggests that while short-term momentum has improved, the stock is still navigating longer-term resistance levels.

Market Context and Sector Performance

The broader market environment on 3 Feb 2026 was mixed. The Sensex opened sharply higher by 3,656.74 points but lost steam to close down by 1,332.90 points, settling at 83,990.30, a 2.85% decline. The index remains 2.58% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50DMA itself is positioned above the 200DMA, indicating a complex technical picture.

Large-cap stocks led the market’s gains earlier in the session, but the overall market momentum waned as the day progressed. Against this backdrop, Carborundum Universal Ltd’s outperformance by 6.92% compared to the Sensex’s 2.85% decline stands out as a strong intraday move within the industrial products space.

Recent Performance Trends

Carborundum Universal Ltd’s recent performance reflects a challenging period despite today’s rebound. Over the past week, the stock has declined by 1.95%, contrasting with the Sensex’s 2.61% gain. The one-month trend shows a sharper decline of 6.07%, while the Sensex fell by 2.06% in the same period. Over three months, the stock’s performance deteriorated by 11.46%, whereas the Sensex remained flat with a 0.02% gain.

Year-to-date, the stock has declined by 5.99%, underperforming the Sensex’s 1.44% fall. Over the longer term, Carborundum Universal Ltd has experienced a 29.83% drop in the past year, while the Sensex gained 8.82%. The three-year and five-year returns stand at -18.75% and +88.21% respectively, compared to Sensex’s 38.05% and 67.13%. Over a decade, however, the stock has outperformed the Sensex with a 370.96% gain versus 246.75% for the benchmark index.

Mojo Score and Ratings Update

The company’s current Mojo Score is 30.0, categorised as a Sell grade. This represents an improvement from the previous Strong Sell grade assigned on 1 Jan 2026. The Market Capitalisation Grade stands at 3, reflecting the company’s relative size within its sector and market segment. These ratings provide a quantitative assessment of the stock’s quality and market standing as of the latest update on 3 Feb 2026.

Summary of Trading Action

Today’s trading session for Carborundum Universal Ltd was marked by a decisive intraday high of Rs 807, reflecting a 7.14% increase from the previous close. The stock’s gap-up opening and sustained gains throughout the day indicate a shift in short-term market sentiment. This performance contrasts with the broader market’s retreat, underscoring the stock’s relative strength within the Industrial Products sector.

While the stock remains below several key moving averages, the break above the 5-day average suggests a potential short-term technical improvement. The sector’s positive momentum, with Abrasives gaining 5.38%, further supports the stock’s intraday strength. However, the longer-term trend remains cautious given the stock’s underperformance over recent months and years relative to the Sensex.

Overall, Carborundum Universal Ltd’s strong intraday surge on 3 Feb 2026 highlights a notable reversal after a period of decline, driven by sectoral gains and positive trading dynamics.

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