Intraday Trading Highlights
Elgi Equipments Ltd opened the trading session with a notable gap up of 10.45%, signalling strong buying interest from the outset. Throughout the day, the stock maintained upward momentum, touching a peak of Rs 483.35, representing an 11.38% gain intraday. By the close, the stock recorded a day change of 10.1%, substantially outperforming the Compressors / Pumps sector, which gained 5.76% on the same day.
The stock’s performance also eclipsed the broader market benchmark, the Sensex, which ended the day down by 2.76%, trading at 83,920.05 after an initial gap up of 3,656.74 points. This divergence highlights Elgi Equipments Ltd’s relative strength amid a market that lost momentum following its opening surge.
Technical Positioning and Moving Averages
From a technical perspective, Elgi Equipments Ltd’s price remains above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating short to medium-term bullishness. However, it continues to trade below its 200-day moving average, suggesting some longer-term resistance remains. This positioning reflects a stock that is gaining traction in the near term while still facing broader historical price level challenges.
The stock’s Mojo Score currently stands at 51.0, with a Mojo Grade of Hold, upgraded from a previous Sell rating on 17 Nov 2025. This upgrade reflects an improvement in the stock’s overall quality and market perception, although it remains in a cautious category. The Market Cap Grade is 3, indicating a mid-cap status within its industry.
Handpicked from 50, scrutinized by experts – Our recent selection, this Mid Cap from Bank - Public, is already delivering results. Don't miss next month's pick!
- - Expert-scrutinized selection
- - Already delivering results
- - Monthly focused approach
Comparative Performance Analysis
Elgi Equipments Ltd’s one-day gain of 9.79% notably outperformed the Sensex’s 2.67% rise on the same day. Over the past week, the stock has advanced 12.60%, again surpassing the Sensex’s 2.43% increase. However, over longer time frames, the stock’s performance has been mixed relative to the benchmark. For instance, over one month, Elgi Equipments Ltd declined by 1.42% compared to the Sensex’s 2.23% fall, and over three months, it dropped 4.04% while the Sensex was down only 0.16%.
Year-to-date, the stock has posted a modest gain of 0.63%, outperforming the Sensex’s 1.61% decline. Over a one-year horizon, Elgi Equipments Ltd’s performance has lagged, with a 13.03% decrease versus the Sensex’s 8.63% rise. Longer-term returns remain strong, with five-year and ten-year gains of 190.87% and 670.64% respectively, both well above the Sensex’s corresponding returns of 66.84% and 246.15%.
Sector and Market Context
The Compressors, Pumps & Diesel Engines sector, to which Elgi Equipments Ltd belongs, recorded a 5.76% gain on the day, indicating broad-based strength within the industry. This sector outperformed the Sensex, which despite an initial gap up, lost momentum and closed lower. The Sensex’s 50-day moving average remains below its 200-day moving average, a technical configuration often interpreted as a cautious signal for the broader market. Nevertheless, mega-cap stocks led the market gains, supporting the overall index’s resilience.
Holding Elgi Equipments Ltd from Compressors, Pumps & Diesel Engines? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Summary of Market Action
Elgi Equipments Ltd’s strong intraday surge to Rs 483.35 reflects a significant positive shift in trading dynamics within the Compressors, Pumps & Diesel Engines sector. The stock’s ability to outperform both its sector and the broader Sensex index on a day when the market lost momentum underscores its relative strength. The upgrade in its Mojo Grade from Sell to Hold in November 2025 further supports the improved market perception of the company’s stock quality.
While the stock remains below its 200-day moving average, its position above shorter-term averages suggests a positive near-term trend. Investors and market participants will likely continue to monitor the stock’s price action in relation to these technical levels and sector performance.
Elgi Equipments Ltd: Key Metrics at a Glance
Industry: Compressors, Pumps & Diesel Engines
Sector: Compressors, Pumps & Diesel Engines
Mojo Score: 51.0 (Hold, upgraded from Sell on 17 Nov 2025)
Market Cap Grade: 3 (Mid Cap)
Day Change: 10.1%
Day’s High: Rs 483.35 (11.38%)
Open Gap Up: 10.45%
Sector Gain: 5.76%
Sensex Close: 83,920.05 (-2.76%)
Sensex Distance from 52 Week High: 2.67%
Performance Comparison
1 Day: Elgi Equipments Ltd +9.79% vs Sensex +2.67%
1 Week: +12.60% vs +2.43%
1 Month: -1.42% vs -2.23%
3 Months: -4.04% vs -0.16%
1 Year: -13.03% vs +8.63%
Year to Date: +0.63% vs -1.61%
3 Years: +24.40% vs +37.81%
5 Years: +190.87% vs +66.84%
10 Years: +670.64% vs +246.15%
Conclusion
Elgi Equipments Ltd’s strong intraday performance on 3 Feb 2026, marked by a double-digit gain and an intraday high of Rs 483.35, highlights its resilience and relative strength within its sector and the broader market. The stock’s technical positioning and recent upgrade in Mojo Grade provide additional context to its current market standing. While the broader market experienced a pullback after an initial surge, Elgi Equipments Ltd maintained upward momentum, reflecting focused trading activity and sectoral support.
Unlock special upgrade rates for a limited period. Start Saving Now →
