Intraday Price Movement and Volatility
The stock recorded a significant intraday gain of 7.23%, closing near its peak levels for the day. The intraday volatility was notably high at 7.38%, calculated from the weighted average price, indicating active trading and price fluctuations throughout the session. The day’s high of ₹1,229.5 was just 2.12% shy of its 52-week high of ₹1,245.9, underscoring the stock’s strong momentum.
Comparison with Sector and Market Benchmarks
Dredging Corporation of India Ltd outperformed the miscellaneous sector by 7.33% on the day, a substantial margin that highlights its relative strength. In contrast, the Sensex index posted a modest gain of 0.17%, trading at 82,410.22 after opening 119.19 points higher. The Sensex remains 4.55% below its 52-week high of 86,159.02, with the index trading below its 50-day moving average, although the 50DMA remains above the 200DMA, signalling mixed technical conditions.
Technical Indicators and Moving Averages
The stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests sustained upward momentum in the short to long term. The consistent trading above these averages often reflects positive investor sentiment and can act as support levels in case of price corrections.
Recent Rating and Mojo Score
Dredging Corporation of India Ltd holds a Mojo Score of 54.0 with a current Mojo Grade of Hold, upgraded from Sell on 13 Nov 2025. The market capitalisation grade stands at 3, indicating a mid-tier valuation within its peer group. This upgrade reflects an improvement in the company’s overall assessment metrics, aligning with the recent price strength observed in the market.
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Performance Trends Over Various Timeframes
The stock’s recent performance has been notably strong across multiple time horizons. Over the past week, it surged 27.06%, vastly outperforming the Sensex’s 1.09% gain. The one-month return stands at 19.92%, compared to the Sensex’s decline of 2.66%. Over three months, the stock soared 65.68%, while the Sensex fell by 2.35%. The one-year performance is particularly impressive at 61.52%, significantly ahead of the Sensex’s 7.38% rise.
Year-to-date, Dredging Corporation of India Ltd has gained 20.96%, contrasting with the Sensex’s 3.28% decline. Longer-term returns also reflect strong growth, with three-year and five-year gains of 249.46% and 328.78% respectively, compared to the Sensex’s 38.53% and 78.08%. Over a decade, the stock’s appreciation of 246.29% remains competitive against the Sensex’s 231.41%.
Market Context and Sector Overview
The broader market environment on 1 Feb 2026 was characterised by cautious optimism. Mega-cap stocks led the gains, supporting the Sensex’s modest advance. Despite the Sensex trading below its 50-day moving average, the technical setup with the 50DMA above the 200DMA suggests a potential for stabilisation. Within this context, Dredging Corporation of India Ltd’s strong outperformance stands out, particularly given its sector’s mixed performance.
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Trading Activity and Investor Response
Trading volumes and price action indicate heightened interest in Dredging Corporation of India Ltd during the session. The stock’s ability to maintain levels above key moving averages throughout the day suggests strong demand at higher price points. The intraday volatility of 7.38% further emphasises active participation by market participants, contributing to the stock’s dynamic price movement.
Summary of Key Metrics
On 1 Feb 2026, Dredging Corporation of India Ltd closed near its intraday high of ₹1,229.5, up 7.23% from the previous close. The stock remains close to its 52-week high, just 2.12% below the peak of ₹1,245.9. Its Mojo Score of 54.0 and upgraded Mojo Grade of Hold reflect a moderate stance based on comprehensive evaluation. The stock’s outperformance relative to the Sensex and its sector highlights its current strength in the market.
Overall, the trading session showcased Dredging Corporation of India Ltd’s capacity to sustain gains amid a cautiously advancing market, supported by technical strength and positive momentum across multiple timeframes.
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