Intraday Trading Dynamics
On the trading day, Havells India Ltd. exhibited strong momentum, touching its peak price of Rs 1,335 during market hours. This represented a significant advance compared to the previous session’s close, reflecting a 4.39% gain. The stock’s opening price was also elevated, registering a 2.44% gap up, signalling positive sentiment at the outset of trading.
Despite the broader market’s retreat, with the Sensex falling by 1,474.95 points to 83,848.25, Havells managed to buck the trend. The stock’s day change stood at 3.51%, outperforming the Sensex’s 2.67% decline and the Electronics & Appliances sector’s cable segment, which gained 5.21% during the same period.
Notably, Havells reversed a two-day losing streak, marking a trend reversal that contributed to its strong intraday showing. The stock’s price movement was supported by its position relative to moving averages; it traded above its 5-day moving average but remained below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating short-term strength amid longer-term resistance levels.
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Comparative Performance and Market Context
Havells India Ltd.’s intraday gains contrast with its recent performance trends. Over the past week, the stock has risen by 3.42%, slightly outperforming the Sensex’s 2.52% gain. However, over longer periods, the stock has underperformed the benchmark index. The one-month return stands at -7.46% versus the Sensex’s -2.15%, while the three-month decline is sharper at -11.04% compared to the Sensex’s marginal -0.07% fall.
Year-to-date, Havells has declined by 6.57%, lagging behind the Sensex’s 1.52% decrease. Over the one-year horizon, the stock’s performance is notably weaker, down 19.90%, whereas the Sensex has appreciated by 8.73%. Despite these recent setbacks, Havells has delivered a 10-year return of 345.26%, surpassing the Sensex’s 246.45% gain, reflecting its long-term growth trajectory.
The broader market environment on 3 Feb 2026 was characterised by a loss of momentum in the Sensex after a strong gap up opening. The index opened 3,656.74 points higher but retreated sharply, closing near 83,848.25. The Sensex remains 2.76% below its 52-week high of 86,159.02. Technical indicators show the Sensex trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling mixed medium-term trends.
Sector and Industry Insights
Within the Electronics & Appliances sector, Havells India Ltd. operates in a competitive environment. The cable segment, a key part of the sector, recorded a 5.21% gain on the day, outpacing Havells’ 4.39% intraday high. This suggests sector-wide positive momentum, albeit with Havells slightly underperforming the cable sub-sector’s rally.
Havells’ current Mojo Score stands at 38.0, with a Mojo Grade of Sell, reflecting a downgrade from Hold on 20 Jan 2026. The Market Cap Grade is 1, indicating a relatively modest market capitalisation compared to peers. These metrics provide a quantitative backdrop to the stock’s price action and trading behaviour.
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Technical Indicators and Moving Averages
Examining the technical landscape, Havells India Ltd. is trading above its 5-day moving average, signalling short-term buying interest. However, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages, which may act as resistance levels in the near term. This positioning suggests that while immediate momentum is positive, longer-term technical hurdles persist.
The stock’s intraday high of Rs 1,335 represents a 4.39% gain, which is a notable recovery following two consecutive days of decline. The gap up opening at 2.44% further underscores the shift in intraday sentiment, with traders responding to market dynamics and sector movements.
Overall, Havells India Ltd.’s trading activity on 3 Feb 2026 reflects a strong intraday rebound amid a broadly weaker market, supported by sector gains and short-term technical strength.
Summary of Key Metrics
To summarise, Havells India Ltd. recorded the following on 3 Feb 2026:
- Intraday high: Rs 1,335 (4.39% gain)
- Opening gap up: 2.44%
- Day change: 3.51%
- Mojo Score: 38.0 (Sell grade)
- Market Cap Grade: 1
- Outperformance vs Sensex: 4.15% vs 2.76% (1-day)
- Sector cable gain: 5.21%
These figures highlight the stock’s strong intraday performance despite a challenging broader market environment.
Conclusion
Havells India Ltd.’s price action on 3 Feb 2026 demonstrates a significant intraday recovery, reaching a high of Rs 1,335 and reversing recent declines. The stock’s performance contrasts with the broader market’s downward movement, supported by sector gains and short-term technical indicators. While longer-term moving averages remain above the current price, the intraday surge reflects renewed trading interest and momentum within the Electronics & Appliances sector.
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