Dredging Corporation of India Ltd Hits Intraday High with 13.82% Surge

Jan 29 2026 12:37 PM IST
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Dredging Corporation of India Ltd recorded a robust intraday performance on 29 Jan 2026, surging to an intraday high of ₹1140, marking a 14.02% increase from its previous close. The stock outperformed its sector and broader market indices, reflecting strong trading momentum and heightened volatility throughout the session.
Dredging Corporation of India Ltd Hits Intraday High with 13.82% Surge



Intraday Price Movement and Volatility


The stock demonstrated significant price appreciation during the trading day, touching a peak of ₹1140, which is just 1.86% shy of its 52-week high of ₹1159.15. This intraday high represents a 14.02% gain relative to the previous close, while the day’s overall price change settled at a notable 13.82% increase. The weighted average price volatility was elevated at 10.03%, underscoring the heightened trading activity and price fluctuations witnessed today.



Trading Momentum and Moving Averages


Dredging Corporation of India Ltd’s price currently trades above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained upward momentum over multiple time horizons. The stock has also recorded gains for three consecutive trading sessions, accumulating a 19.99% return during this period, further reinforcing the strength of its recent rally.



Comparative Market Performance


In contrast to the broader market, Dredging Corporation of India Ltd’s performance today was markedly superior. While the Sensex opened flat and subsequently declined by 0.15% to trade at 82,220.57 points, the stock surged by 13.73% in a single day. Over the past week, the stock has gained 12.76%, compared to a marginal 0.12% decline in the Sensex. The one-month and three-month returns stand at 16.54% and 49.62% respectively, vastly outperforming the Sensex’s negative returns of 2.93% and 3.28% over the same periods.




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Longer-Term Performance Metrics


Examining the stock’s performance over extended periods reveals a consistent trend of outperformance relative to the Sensex. Over the past year, Dredging Corporation of India Ltd has delivered a 54.67% return, significantly higher than the Sensex’s 7.42%. Year-to-date gains stand at 14.13%, while three-year and five-year returns are an impressive 228.11% and 304.57% respectively, dwarfing the Sensex’s corresponding returns of 38.56% and 77.62%. Over a decade, the stock’s 226.74% return remains competitive with the Sensex’s 230.56%, highlighting its sustained value creation over time.



Mojo Score and Rating Update


Dredging Corporation of India Ltd holds a Mojo Score of 57.0, reflecting a moderate quality and momentum profile. The stock’s Mojo Grade was upgraded from Sell to Hold on 13 Nov 2025, indicating an improvement in its fundamental and technical parameters. The Market Cap Grade is rated 3, positioning the company within a mid-tier market capitalisation bracket. These ratings provide a comprehensive view of the stock’s current standing within the miscellaneous sector.



Sector and Market Context


The miscellaneous sector, to which Dredging Corporation of India Ltd belongs, has seen varied performance in recent sessions. Today, the stock outperformed its sector by 12.24%, signalling a strong relative strength. Meanwhile, the Sensex remains 4.79% below its 52-week high of 86,159.02, trading below its 50-day moving average, although the 50DMA itself is positioned above the 200DMA, suggesting a mixed technical backdrop for the broader market.




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Trading Activity and Market Sentiment


Today’s trading session for Dredging Corporation of India Ltd was characterised by high volatility and strong buying interest, as reflected in the 10.03% intraday volatility figure. The stock’s ability to sustain gains above multiple moving averages and its proximity to the 52-week high suggest robust demand and positive price momentum. This performance contrasts with the broader market’s subdued movement, highlighting the stock’s relative strength within its sector and the miscellaneous industry at large.



Summary of Key Metrics


To summarise, Dredging Corporation of India Ltd’s key intraday and recent performance indicators are as follows:



  • Intraday high: ₹1140 (14.02% gain)

  • Day change: +13.82%

  • Distance from 52-week high: 1.86%

  • Consecutive gains over last 3 days: 19.99%

  • Intraday volatility: 10.03%

  • Mojo Score: 57.0 (Hold grade)

  • Market Cap Grade: 3

  • Outperformance vs sector today: 12.24%

  • Outperformance vs Sensex YTD: 17.66% (14.13% vs -3.53%)



These figures collectively illustrate a strong intraday showing and sustained upward trend for the stock amid a mixed market environment.






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