Strong Rally and Price Momentum
The stock opened the trading session with a gap up of 2.24%, signalling strong buying interest from the outset. Throughout the day, it touched an intraday high of Rs.108.02, representing a 10% increase from the previous close. This marks the highest price level Gujarat Natural Resources Ltd has achieved in the last 52 weeks, eclipsing its previous highs and underscoring the strength of the current rally.
Over the last six consecutive trading days, the stock has delivered a remarkable 23.77% return, demonstrating consistent upward momentum. This streak of gains has propelled the stock well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong bullish trend across multiple timeframes.
Outperformance Amid Sector Weakness
While Gujarat Natural Resources Ltd has been advancing, the broader Oil Exploration and Refinery sector has experienced a decline of 2.17% on the same day. This divergence highlights the stock’s relative strength within its industry. Furthermore, the stock outperformed its sector by 10.5% today, reinforcing its position as a leading performer in the oil space.
The company’s market capitalisation grade stands at 4, reflecting its standing among peers, while its Mojo Score has improved to 51.0 with a current Mojo Grade of Hold. Notably, this represents an upgrade from a previous Sell rating as of 1 January 2026, indicating a positive shift in the stock’s fundamental and technical assessment.
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Comparative Performance and Market Context
Over the past year, Gujarat Natural Resources Ltd has delivered an extraordinary return of 474.62%, vastly outperforming the Sensex, which recorded a modest 9.41% gain during the same period. The stock’s 52-week low was Rs.16.42, illustrating the scale of its upward trajectory and recovery over the last twelve months.
In contrast, the Sensex opened lower by 108.48 points and was trading at 85,312.07, down 0.15% on the day. Despite this, the Sensex remains close to its own 52-week high of 86,159.02, just 0.99% away, and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating an overall bullish market environment.
Technical Indicators and Moving Averages
The stock’s position above all major moving averages is a key technical indicator of strength. Trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages suggests sustained buying interest and a positive trend across short, medium, and long-term horizons. This technical alignment often attracts momentum traders and signals confidence in the stock’s price direction.
The day’s 7.43% gain further emphasises the stock’s robust performance relative to the broader market and sector peers. Such a strong daily advance, combined with the six-day consecutive gains, highlights the stock’s resilience and ability to maintain upward pressure despite sector headwinds.
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Summary of Key Metrics
Gujarat Natural Resources Ltd’s recent price action and technical indicators reflect a stock that has gained significant traction in the oil sector. The new 52-week high of Rs.108.02 is a testament to the company’s strong performance over the past year and the sustained momentum it has built in recent trading sessions.
The stock’s Mojo Grade upgrade from Sell to Hold as of 1 January 2026, combined with a Mojo Score of 51.0, suggests a stabilising outlook. The market cap grade of 4 places it in a competitive position within its peer group, while outperforming the sector and broader market indices on the day.
Despite the Oil Exploration and Refinery sector’s decline of 2.17% today, Gujarat Natural Resources Ltd’s ability to buck the trend and deliver a 7.43% gain highlights its relative strength and resilience.
Overall, the stock’s performance over the last year, its current technical positioning, and the recent milestone of a new 52-week high underscore its notable progress within the oil industry landscape.
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