Garware Hi Tech Films Ltd Hits Intraday High with 7.94% Surge on 2 Feb 2026

Intraday Trading Highlights

The stock of Garware Hi Tech Films Ltd, a key player in the Plastic Products - Industrial sector, demonstrated notable volatility during the trading session. It opened the day with a dip, hitting an intraday low of Rs 2,872.85, down 2.83% from its previous close. However, the momentum reversed sharply, propelling the share price to a peak of Rs 3,150, marking a 6.54% rise from the low and a 7.94% gain on the day.

This strong intraday rally was accompanied by the stock outperforming its sector by 5.75%, underscoring its relative strength amid mixed market conditions. The trading action reflected heightened activity and investor focus on the stock throughout the day.

Market Context and Moving Averages

Garware Hi Tech Films Ltd’s price movement was supported by its position relative to key moving averages. The stock traded above its 5-day and 20-day moving averages, signalling short-term positive momentum. However, it remained below its longer-term 50-day, 100-day, and 200-day moving averages, indicating that the broader trend still faces resistance at higher levels.

Meanwhile, the broader market, represented by the Sensex, experienced a sharp recovery after a negative start. The Sensex opened 167.26 points lower but rebounded by 751.67 points to close at 81,307.35, up 0.72%. Despite this recovery, the Sensex remained below its 50-day moving average, though the 50DMA itself was positioned above the 200DMA, suggesting a cautiously optimistic medium-term outlook for the market.

Performance Comparison with Sensex and Sector

Garware Hi Tech Films Ltd’s intraday gain of 7.94% significantly outpaced the Sensex’s 0.72% rise on the same day. Over the past week, the stock has advanced 8.28%, contrasting with the Sensex’s decline of 0.28%. The one-month performance shows a modest 0.68% increase for the stock, while the Sensex fell 5.19% during this period.

However, over the three-month horizon, Garware Hi Tech Films Ltd’s shares declined 6.71%, underperforming the Sensex’s 3.13% drop. The one-year performance remains negative at -8.48%, compared to the Sensex’s positive 4.90%. Year-to-date, the stock has gained 2.41%, outperforming the Sensex’s 4.59% loss.

Longer-term returns remain impressive, with the stock delivering a 3-year gain of 413.53%, a 5-year gain of 582.54%, and a remarkable 10-year return of 2,598.94%, all substantially exceeding the Sensex’s respective gains of 35.67%, 63.28%, and 231.34%.

Mojo Score and Market Capitalisation Insights

Despite the strong intraday performance, Garware Hi Tech Films Ltd holds a Mojo Score of 23.0, categorised as a Strong Sell. This represents a downgrade from its previous Sell rating, effective from 12 Jan 2026. The company’s market capitalisation grade stands at 3, reflecting its small-cap status within the Plastic Products - Industrial sector.

The downgrade in Mojo Grade suggests caution in the stock’s medium-term outlook, even as it demonstrates short-term strength in trading sessions such as today’s.

Sector and Industry Context

Operating within the Plastic Products - Industrial sector, Garware Hi Tech Films Ltd’s performance today stands out amid a mixed market environment. The sector itself has experienced varied movements, with some stocks showing resilience while others face pressure. The company’s ability to outperform its sector by 5.75% on the day highlights its relative strength in the current trading session.

Market participants noted that mega-cap stocks led the broader Sensex gains today, while Garware Hi Tech Films Ltd, a smaller-cap entity, demonstrated notable intraday momentum, reflecting differentiated trading dynamics within the sector.

Summary of Trading Session

In summary, Garware Hi Tech Films Ltd’s stock exhibited a strong intraday rally on 2 Feb 2026, touching a high of Rs 3,150 and closing with a 7.94% gain. This performance was achieved despite initial weakness and amid a broader market recovery. The stock’s position relative to short-term moving averages and its outperformance of both sector and Sensex benchmarks underscore the intensity of trading interest during the session.

While the company’s Mojo Grade remains at Strong Sell, the day’s price action reflects a significant short-term rebound that investors and market watchers will note in the context of ongoing market developments.

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