Harsha Engineers International Ltd Hits Intraday High with 7.23% Surge

Intraday Trading Highlights

On 3 Feb 2026, Harsha Engineers International Ltd recorded a day’s high of Rs 399.3, representing an 8.4% increase from its previous close. The stock closed with a 7.23% gain, substantially outperforming the Sensex, which rose by 2.75% on the same day. This marks the second consecutive day of gains for the stock, which has appreciated by 7.83% over this two-day period.

The stock’s performance also outshone its sector peers within the Engineering - Industrial Equipments segment, which collectively gained 3.21%. Harsha Engineers International Ltd outperformed its sector by 4.41% on the day, underscoring its relative strength amid broader industrial product stocks.

Technical Positioning and Moving Averages

Harsha Engineers International Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained upward momentum and suggests that the stock has maintained strength across short, medium, and long-term timeframes.

The stock’s ability to hold above these moving averages contrasts with the broader Sensex, which, despite a strong opening gap of 3,656.74 points, lost momentum and ended the day down by 1,410.97 points, trading at 83,912.23. The Sensex remains 2.68% below its 52-week high of 86,159.02 and is currently trading below its 50-day moving average, although the 50DMA remains above the 200DMA, signalling mixed technical signals for the broader market.

Performance Comparison Over Multiple Timeframes

Harsha Engineers International Ltd’s recent gains stand out when compared to the Sensex across various timeframes. The stock’s one-day return of 7.34% significantly exceeds the Sensex’s 2.75% gain. Over the past week, the stock has appreciated by 8.72%, compared to the Sensex’s 2.51% rise. Its one-month return of 2.01% also outperforms the Sensex, which declined by 2.16% during the same period.

However, over longer horizons, the stock’s performance has been mixed. Over three months, Harsha Engineers International Ltd declined by 2.08%, slightly underperforming the Sensex’s marginal 0.08% loss. Its one-year return stands at -2.63%, trailing the Sensex’s 8.71% gain. Year-to-date, the stock has gained 4.78%, outperforming the Sensex’s negative 1.54% return. Over three years, the stock has delivered 8.73% returns, while the Sensex has surged 37.92%. The stock’s five- and ten-year returns remain flat at 0.00%, compared to the Sensex’s 66.97% and 246.41% gains respectively.

Mojo Score and Rating Update

Harsha Engineers International Ltd currently holds a Mojo Score of 40.0, with a Mojo Grade of Sell. This represents a downgrade from its previous Hold rating, effective from 1 Dec 2025. The company’s Market Cap Grade is 3, indicating a mid-tier market capitalisation within its sector. Despite the recent intraday strength, the rating reflects a cautious stance based on the company’s overall fundamentals and market positioning.

Sector and Market Context

The Other Industrial Products sector, to which Harsha Engineers International Ltd belongs, has seen selective strength today, with the Engineering - Industrial Equipments segment gaining 3.21%. The broader market environment was characterised by a volatile Sensex session, which opened with a significant gap up but lost momentum as the day progressed. Mega-cap stocks led the market rally, contributing to the Sensex’s 2.75% gain despite the intraday pullback.

Summary of Trading Action

Harsha Engineers International Ltd’s strong intraday performance on 3 Feb 2026 was driven by sustained buying interest that pushed the stock above all key moving averages. The stock’s 7.23% day gain and 8.4% intraday high reflect a notable surge in trading activity relative to its sector and the broader market. This follows a positive two-day trend with cumulative returns of 7.83%, signalling continued momentum in the short term.

While the broader market experienced volatility and a loss of momentum after a gap-up opening, Harsha Engineers International Ltd maintained its upward trajectory, highlighting its relative strength within the Other Industrial Products sector. The stock’s performance today stands as a key highlight amid mixed market conditions and a cautious rating environment.

Conclusion

Harsha Engineers International Ltd’s intraday high of Rs 399.3 and 7.23% gain on 3 Feb 2026 underscore a day of strong trading activity and relative outperformance. The stock’s technical positioning above all major moving averages and its outperformance versus sector and Sensex benchmarks provide a clear picture of its current market strength. Despite a recent downgrade in its Mojo Grade to Sell, the stock’s price action today reflects a notable burst of momentum within a volatile market backdrop.

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