Gandhar Oil Refinery (India) Ltd Hits Intraday High with 8.73% Surge

Intraday Trading Dynamics

The stock demonstrated significant volatility throughout the trading day, with an intraday volatility of 5.93% calculated from the weighted average price. This heightened price movement underscores active trading interest and rapid shifts in market sentiment. After two consecutive days of decline, Gandhar Oil Refinery reversed its trend decisively, registering gains that outperformed its sector by 8.68%.

Trading above all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – the stock’s price action indicates a strong technical footing. This broad-based support across multiple timeframes suggests sustained buying pressure during the session.

Market Context and Sector Comparison

On the same day, the Sensex opened higher at 82,459.66, up 550.03 points or 0.67%, before settling at 82,307.37, a 0.49% gain. Despite this positive start, the benchmark index remains 4.68% below its 52-week high of 86,159.02 and has experienced a 4.03% decline over the past three weeks. Mid-cap stocks led the market rally, with the BSE Mid Cap index advancing 1.28%, highlighting a selective appetite for growth segments.

Within this environment, Gandhar Oil Refinery’s outperformance is particularly notable given the broader market’s recent weakness. The oil sector’s dynamics, combined with the stock’s technical strength, contributed to its standout performance.

Performance Metrics and Historical Trends

Gandhar Oil Refinery’s one-day gain of 8.73% starkly contrasts with the Sensex’s 0.49% rise, underscoring the stock’s relative strength. Over the past week, the stock has appreciated 6.93%, while the Sensex declined by 1.29%. This positive momentum extends over longer periods, with a one-month gain of 13.09% versus the Sensex’s 3.81% loss and a three-month increase of 19.31% compared to the Sensex’s 2.51% decline.

Year-to-date, Gandhar Oil Refinery has advanced 6.90%, outperforming the Sensex’s 3.42% drop. However, the stock’s one-year performance remains negative at -14.29%, contrasting with the Sensex’s 7.73% gain. Over three, five, and ten-year horizons, the stock’s performance has been flat, while the Sensex has delivered substantial returns of 35.77%, 68.39%, and 236.83% respectively.

Mojo Score and Rating Update

The company’s Mojo Score currently stands at 48.0, reflecting a Sell grade as of 21 Jan 2026, a downgrade from the previous Hold rating. The Market Cap Grade is rated 3, indicating a mid-tier market capitalisation relative to peers. This rating adjustment precedes the strong intraday performance observed on 22 Jan 2026, suggesting a divergence between recent technical strength and the fundamental outlook assessed by the rating agency.

Trading Volume and Volatility Insights

The stock’s elevated intraday volatility of 5.93% indicates active participation from traders and investors, contributing to the sharp price movements. This volatility is significantly higher than typical daily fluctuations, reflecting a dynamic trading environment. The reversal after two days of decline suggests a shift in market sentiment, with buyers stepping in to push prices higher.

Trading above all major moving averages further supports the notion of a positive technical setup, as these averages often act as support levels and indicators of trend direction. The stock’s ability to maintain levels above these averages throughout the session highlights sustained buying interest.

Sector and Market Positioning

Operating within the oil industry, Gandhar Oil Refinery’s performance today contrasts with the broader market’s mixed signals. While the Sensex has experienced a three-week decline, the stock’s gains and relative strength within the sector underscore its distinct trading behaviour. The mid-cap segment’s leadership in the market rally adds context to the stock’s performance, as investors seek opportunities beyond large-cap benchmarks.

Summary of Key Data Points

• Intraday high: Rs 165 (+8.73%)

• Intraday volatility: 5.93%

• Outperformance vs sector: +8.68%

• Trading above 5, 20, 50, 100, 200-day moving averages

• Mojo Score: 48.0 (Sell, downgraded from Hold on 21 Jan 2026)

• Market Cap Grade: 3

• Sensex performance today: +0.49%

• Sensex 3-week trend: -4.03%

The stock’s strong intraday surge and technical positioning provide a clear snapshot of its market activity on 22 Jan 2026, reflecting a day of notable gains amid a cautious broader market environment.

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