Eicher Motors Ltd Hits Intraday Low Amid Price Pressure on 1 Feb 2026

Feb 01 2026 01:32 PM IST
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Eicher Motors Ltd experienced notable intraday weakness on 1 Feb 2026, with its share price touching a low of ₹6,830.5, marking a decline of 4.1% from the previous close. This underperformance occurred amid broader market volatility and sectoral pressures, resulting in a day change of -3.07% for the stock and a sharper fall relative to the Sensex.
Eicher Motors Ltd Hits Intraday Low Amid Price Pressure on 1 Feb 2026

Intraday Price Movement and Relative Performance

On the trading day, Eicher Motors Ltd's shares declined by 3.26%, significantly underperforming the Sensex, which fell by 0.98%. The stock's intraday low of ₹6,830.5 represented a 4.1% drop from its previous levels, reflecting persistent selling pressure. This decline also outpaced the automobile sector's performance, with Eicher Motors underperforming the sector by 1.27% on the day.

Examining moving averages, the stock remains above its 200-day moving average, indicating a longer-term support level. However, it traded below its 5-day, 20-day, 50-day, and 100-day moving averages, signalling short- to medium-term weakness and a potential consolidation phase.

Market Context and Broader Indices

The broader market environment contributed to the stock's pressure. The Sensex opened positively, gaining 119.19 points, but reversed sharply to close down by 924.37 points, or 0.98%, at 81,464.60. The index's trading below its 50-day moving average, despite the 50DMA remaining above the 200DMA, suggests a cautious market sentiment with potential for further volatility.

This market backdrop, combined with sectoral headwinds in the automobile industry, has weighed on Eicher Motors Ltd's intraday performance.

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Short-Term and Medium-Term Performance Trends

Over the past week, Eicher Motors Ltd has declined by 1.20%, compared to a marginal 0.09% drop in the Sensex. The one-month performance shows a 4.36% decrease for the stock, slightly worse than the Sensex's 3.79% fall. Over three months, the stock has remained essentially flat with a 0.01% gain, outperforming the Sensex's 3.48% decline.

Year-to-date, the stock has declined by 5.77%, marginally underperforming the Sensex's 4.41% fall. These figures indicate that while the stock has faced recent pressures, it has demonstrated relative resilience compared to the broader market.

Long-Term Performance and Market Capitalisation

Despite recent volatility, Eicher Motors Ltd has delivered strong long-term returns. Over one year, the stock has appreciated by 33.11%, significantly outperforming the Sensex's 6.13% gain. The three-year and five-year returns stand at 115.89% and 151.02%, respectively, well above the Sensex's corresponding returns of 36.91% and 76.00%. Over a decade, the stock has surged by 316.40%, compared to the Sensex's 227.55% rise.

The company holds a Market Cap Grade of 1, reflecting its substantial market capitalisation and standing within the automobile sector.

Mojo Score and Rating Update

Eicher Motors Ltd currently holds a Mojo Score of 71.0, categorised as a Buy grade. This represents an upgrade from its previous Hold rating, effective from 11 Nov 2025. The improved rating reflects positive assessments of the company's fundamentals and market position despite the short-term price pressures observed today.

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Summary of Current Pressures

The intraday decline in Eicher Motors Ltd's share price reflects a combination of factors including broader market weakness, sectoral underperformance, and technical trading dynamics. The stock's position below multiple short- and medium-term moving averages suggests that traders are cautious in the near term. The sharp reversal in the Sensex after a positive open has also contributed to a risk-off sentiment, impacting stocks across sectors including automobiles.

While the stock remains supported by its 200-day moving average, the immediate price pressure indicates a consolidation phase as market participants digest recent developments and broader economic signals.

Conclusion

On 1 Feb 2026, Eicher Motors Ltd's shares faced significant intraday selling pressure, culminating in a 4.1% intraday low of ₹6,830.5 and an overall day decline of 3.07%. This underperformance relative to the Sensex and the automobile sector reflects prevailing market caution and technical factors. Despite these short-term pressures, the company maintains a strong long-term performance record and an upgraded Mojo Buy rating, underscoring its established position in the industry.

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