Excel Industries Ltd Hits Intraday Low Amid Price Pressure on 2 Feb 2026

Intraday Performance and Price Movement

On 2 Feb 2026, Excel Industries Ltd opened sharply lower, registering a gap down of 2.71% from its prior closing price. The stock continued to weaken throughout the trading session, ultimately hitting an intraday low of Rs 879.1, marking a 7.44% decline on the day. This drop represents a reversal after three consecutive days of gains, signalling a shift in momentum.

The stock's performance lagged notably behind the Specialty Chemicals sector, underperforming by 8.3% relative to its peers. In contrast, the benchmark Sensex index rebounded strongly after an initial negative opening, closing the day up 0.91% at 81,460.15 points. This divergence highlights sector-specific and stock-specific pressures impacting Excel Industries.

Technical Indicators and Moving Averages

Technical analysis reveals that Excel Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based weakness across short, medium, and long-term technical indicators suggests sustained downward pressure on the stock price. The failure to hold above these moving averages often signals a bearish trend and may discourage short-term buying interest.

The stock’s current Mojo Score stands at 42.0, with a Mojo Grade of Sell, downgraded from Hold on 13 Oct 2025. This rating reflects a deteriorated outlook based on a combination of financial metrics, price momentum, and trend assessments. The Market Cap Grade is 3, indicating a mid-tier market capitalisation relative to peers.

Comparative Performance Over Various Timeframes

Excel Industries’ recent price action is part of a broader pattern of underperformance. Over the past week, the stock declined by 2.70%, while the Sensex remained nearly flat with a 0.08% gain. The one-month performance shows a 6.77% drop for Excel Industries compared to a 4.85% decline in the Sensex, indicating the stock has been more volatile and weaker than the broader market.

Longer-term trends are also unfavourable. Over three months, the stock has fallen 21.58%, significantly underperforming the Sensex’s 2.78% decline. The one-year performance is particularly stark, with Excel Industries down 32.03% against a 5.29% gain in the Sensex. Year-to-date, the stock has lost 5.88%, slightly worse than the Sensex’s 4.24% decline.

Despite these recent setbacks, Excel Industries has delivered strong returns over the very long term, with a 10-year gain of 349.90%, outpacing the Sensex’s 232.55% rise. However, the current trend indicates a period of consolidation or correction within this longer-term context.

Market Context and Sector Dynamics

While Excel Industries faced selling pressure, the broader market environment showed resilience. The Sensex, after opening 167.26 points lower, staged a robust recovery, gaining 904.47 points during the session. Mega-cap stocks led this rebound, supporting the index’s 0.91% gain. However, Excel Industries, a mid-cap player in the Specialty Chemicals sector, did not participate in this rally.

The Sensex is currently trading below its 50-day moving average, though the 50-day average remains above the 200-day average, indicating a mixed technical backdrop for the broader market. The divergence between the Sensex’s positive performance and Excel Industries’ decline suggests stock-specific factors are weighing on the company’s shares.

Immediate Pressures and Sentiment

The sharp intraday decline and gap down opening reflect immediate selling pressure, possibly triggered by profit-taking after recent gains or reassessment of the stock’s near-term prospects. The downgrade in Mojo Grade from Hold to Sell in mid-October 2025 may have contributed to cautious sentiment among traders and investors.

Trading below all major moving averages further compounds the negative technical outlook, potentially prompting algorithmic and momentum-based selling. The stock’s underperformance relative to the sector and benchmark indices highlights a lack of buying support in the current market environment.

Summary of Key Metrics

Excel Industries Ltd’s current Mojo Score of 42.0 and Sell grade reflect a cautious stance based on recent price action and technical indicators. The stock’s consistent underperformance over multiple timeframes relative to the Sensex and its sector peers underscores the challenges it faces in regaining upward momentum.

Trading below all major moving averages and experiencing a sharp intraday drop of 7.44% on 2 Feb 2026, the stock remains under pressure amid a market environment where mega-cap stocks are driving gains. This divergence highlights the selective nature of market advances and the importance of monitoring technical and fundamental signals closely.

Investors and market participants will likely continue to watch Excel Industries’ price behaviour in the coming sessions to assess whether the current weakness stabilises or extends further.

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