CMI Ltd Hits New 52-Week High of Rs.6.16 on 5 Jan 2026

Stock Performance and Market Context

On 5 Jan 2026, CMI Ltd’s shares surged to Rs.6.16, marking the highest price level recorded in the last 52 weeks. This milestone represents a significant appreciation from its 52-week low of Rs.2.92, underscoring an 18.60% gain over the past year. This outperformance is notable when compared to the broader Sensex index, which posted an 8.38% rise during the same period.

Today’s trading session saw the stock outperform its sector peers by 1.13%, closing with a day change of 1.02%. Despite some erratic trading patterns—where the stock did not trade on four of the last twenty trading days—CMI Ltd has maintained a positive trajectory, supported by its position above key short- and medium-term moving averages. Specifically, the stock is trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, indicating room for further technical consolidation.

Sector and Market Environment

The broader market environment has been supportive of such gains. The Sensex, after a negative opening down by 121.96 points, rebounded strongly to close at 85,823.25, up 0.07% on the day. The index is currently just 0.39% shy of its own 52-week high of 86,159.02, reflecting a bullish market sentiment. The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, signals a sustained upward trend. Additionally, the Sensex has recorded a three-week consecutive rise, gaining 1.05% in that period, with small-cap stocks leading the charge, as evidenced by the BSE Small Cap index’s 0.18% gain today.

Mojo Score and Rating Dynamics

CMI Ltd currently holds a Mojo Score of 40.0, which corresponds to a Mojo Grade of Sell. This represents an upgrade from its previous Strong Sell rating, which was revised on 20 Oct 2025. The market capitalisation grade stands at 4, reflecting the company’s standing within its sector and market cap peer group. These rating changes indicate a shift in the stock’s quality assessment, aligning with its recent price appreciation and improved technical indicators.

Technical Momentum and Trading Patterns

The stock’s recent rally to the 52-week high is supported by its technical momentum. Trading above multiple moving averages suggests a positive short- and medium-term trend. However, the stock’s position below the 200-day moving average indicates that it has yet to fully break through longer-term resistance levels. The erratic trading days, where the stock did not trade on four occasions in the last twenty days, may reflect intermittent liquidity or market participant caution, but have not impeded the overall upward movement.

Comparative Sector Performance

Within the Cables - Electricals sector, CMI Ltd’s performance stands out. The stock’s 18.60% gain over the past year surpasses the broader market’s growth and highlights its relative strength. The sector itself has been buoyed by steady demand fundamentals and infrastructure developments, which have supported companies involved in electrical cable manufacturing and distribution.

Summary of Key Metrics

To summarise, CMI Ltd’s stock price has reached Rs.6.16, its highest level in 52 weeks, reflecting a strong 18.60% gain over the last year. The stock outperformed its sector by 1.13% today and remains above its short- and medium-term moving averages, signalling positive momentum. The upgrade in its Mojo Grade from Strong Sell to Sell further aligns with this upward trend. Meanwhile, the broader market environment, with the Sensex nearing its own 52-week high and small caps leading gains, provides a conducive backdrop for the stock’s performance.

Market Capitalisation and Trading Activity

CMI Ltd’s market capitalisation grade of 4 places it within a moderate range relative to its peers in the cables sector. The stock’s trading activity, while occasionally erratic, has not detracted from its overall upward momentum. The combination of technical strength and sectoral tailwinds has contributed to this notable milestone.

Conclusion

CMI Ltd’s achievement of a new 52-week high at Rs.6.16 marks a significant milestone in its stock market journey. Supported by favourable technical indicators, a positive sector environment, and an improving rating outlook, the stock’s performance over the past year has been impressive. This milestone reflects the company’s resilience and the market’s recognition of its standing within the electrical cables industry.

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