Covidh Technologies Ltd Hits New 52-Week High at Rs.24.62

Strong Momentum Drives Stock to New Heights

On 29 Jan 2026, Covidh Technologies Ltd's shares climbed to Rs.24.62, surpassing previous highs and setting a fresh 52-week peak. This advance represents a remarkable gain from its 52-week low of Rs.1.50, underscoring a substantial recovery and upward momentum in the stock’s valuation.

The stock has demonstrated consistent strength, registering gains for 21 consecutive trading sessions. Over this period, it has delivered an impressive return of 50.77%, significantly outpacing the broader market and its sector peers. Today’s performance further reinforced this trend, with the stock outperforming its sector by 2.44% and registering a day change of 1.99%.

Technical Indicators Reflect Robust Uptrend

Technical analysis reveals that Covidh Technologies Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages is indicative of a strong bullish trend and sustained investor confidence in the stock’s price trajectory.

In contrast, the broader Sensex index opened flat and is currently trading slightly lower at 82,209.45, down 0.16% from the previous close. The Sensex remains approximately 4.8% below its own 52-week high of 86,159.02, and is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling a cautiously positive medium-term outlook for the benchmark.

Mojo Score and Market Capitalisation Insights

Covidh Technologies Ltd currently holds a Mojo Score of 40.0, with a Mojo Grade of Sell as of 03 Jul 2025, reflecting a cautious stance based on the company’s financial and market metrics. This grade represents a downgrade from a previously ungraded status, signalling a reassessment of the stock’s risk and reward profile by the rating agency.

The company’s Market Cap Grade stands at 4, indicating a mid-tier market capitalisation relative to its peers. Despite the recent price surge, the stock’s one-year performance remains flat at 0.00%, lagging behind the Sensex’s 7.41% gain over the same period. This contrast highlights the stock’s recent rally as a significant shift in its price momentum.

Price Summary and Market Context

The new 52-week high of Rs.24.62 marks a substantial increase from the stock’s low point of Rs.1.50 within the past year, illustrating a strong recovery trajectory. The stock’s ability to maintain gains above all major moving averages further supports the view of a sustained uptrend.

Meanwhile, the broader market environment remains mixed. The Sensex’s modest decline today and its position below the 50-day moving average suggest some near-term caution among investors. However, the Sensex’s 50-day moving average remaining above the 200-day average points to an underlying positive trend in the medium term.

Summary of Recent Performance and Market Position

Covidh Technologies Ltd’s recent price action reflects a strong recovery phase, with the stock gaining over 50% in just three weeks and reaching a new 52-week high. This performance is particularly notable given the stock’s flat annual return and the broader market’s modest retreat on the same day.

The stock’s ability to outperform its sector and maintain a position above all key moving averages suggests robust buying interest and technical strength. However, the Mojo Grade of Sell and the mid-level Market Cap Grade indicate that the stock’s fundamentals and market standing warrant careful consideration alongside its price momentum.

Overall, the new 52-week high at Rs.24.62 represents a key milestone for Covidh Technologies Ltd, highlighting a period of strong price appreciation and technical resilience within a mixed market environment.

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