Covidh Technologies Ltd Hits New 52-Week High of Rs.26.64

Strong Rally and Price Momentum

The stock of Covidh Technologies Ltd has demonstrated remarkable strength, gaining consistently over the last 21 trading sessions. During this period, the share price has appreciated by an impressive 50.93%, underscoring a robust upward trend. This rally has propelled the stock well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum.

Today’s new 52-week high of Rs.26.64 represents a substantial increase from its 52-week low of Rs.1.50, highlighting the stock’s significant recovery and growth over the past year. Despite this strong performance, the stock slightly underperformed its sector on the day, with a day change of 1.99% compared to the sector’s gain of 2.27% in the miscellaneous category.

Market Context and Comparative Performance

While Covidh Technologies Ltd has shown strong gains, its one-year performance stands at 0.00%, which contrasts with the broader Sensex index’s 8.76% rise over the same period. The Sensex itself experienced volatility today, opening with a gap up of 3,656.74 points but later retreating by 1,363.37 points to close at 83,959.83, still 2.62% shy of its own 52-week high of 86,159.02.

Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed but cautiously optimistic market environment. Mega-cap stocks have been leading the market gains, contributing to the Sensex’s 2.81% increase on the day.

Technical Indicators and Market Sentiment

The fact that Covidh Technologies Ltd is trading above all major moving averages is a strong technical indicator of bullish momentum. This alignment suggests that the stock has overcome previous resistance levels and is currently in a favourable trend phase. The 21-day consecutive gains further reinforce the strength of this rally, reflecting sustained buying interest over an extended period.

Despite the stock’s recent outperformance, its Mojo Score remains at 40.0 with a Mojo Grade of Sell, unchanged since the grade was assigned on 3 July 2025. The Market Cap Grade is rated at 4, indicating a relatively modest market capitalisation compared to larger peers.

Historical Price Movement and Volatility

Over the past year, Covidh Technologies Ltd’s share price has exhibited considerable volatility, moving from a low of Rs.1.50 to today’s peak of Rs.26.64. This wide price range reflects significant shifts in market perception and trading activity. The recent rally has been the most sustained upward movement in this period, with the stock gaining more than 50% in just three weeks.

The stock’s ability to maintain levels above all key moving averages suggests that the recent gains are supported by strong technical foundations rather than short-term speculative spikes. This technical strength is particularly notable given the broader market’s mixed performance and the Sensex’s retreat from its highs.

Sector and Industry Performance

Covidh Technologies Ltd is classified within the miscellaneous sector, which has recorded a 2.27% gain today. While the stock slightly underperformed the sector’s daily rise, its longer-term price appreciation outpaces many peers within the same category. This divergence highlights the company’s unique price momentum relative to its sector.

The sector’s overall positive movement today was driven by gains in various micro-cap and small-cap stocks, reflecting selective buying interest in less widely followed companies. Covidh Technologies Ltd’s new 52-week high places it among the more prominent performers within this group.

Summary of Key Metrics

To summarise, Covidh Technologies Ltd’s key metrics as of 3 February 2026 are:

• New 52-week high price: Rs.26.64
• 21-day consecutive gains with a 50.93% return
• Trading above 5, 20, 50, 100, and 200-day moving averages
• Day change: +1.99%, slightly below sector gain of 2.27%
• Mojo Score: 40.0, Mojo Grade: Sell (since 3 July 2025)
• Market Cap Grade: 4
• One-year price performance: 0.00% vs Sensex 8.76%
• 52-week low price: Rs.1.50

These figures illustrate a stock that has experienced a strong recent rally, achieving a significant milestone in its price history, while still reflecting a cautious overall rating from analytical frameworks.

Conclusion

Covidh Technologies Ltd’s attainment of a new 52-week high at Rs.26.64 marks a noteworthy achievement in its trading history. The sustained upward momentum over the past 21 days, combined with the stock’s position above all major moving averages, underscores a period of strong price appreciation. While the broader market and sector have shown mixed results, Covidh Technologies Ltd’s rally stands out as a key development in the micro-cap space.

Investors and market watchers will note the contrast between the stock’s recent price strength and its unchanged Mojo Grade of Sell, reflecting a nuanced view of its overall quality and market standing. Nonetheless, the new high price represents a clear technical milestone and a significant point of reference for future price action.

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