Intraday Performance and Price Action
On the trading day, HEG Ltd demonstrated significant strength, touching an intraday peak of Rs 655, which represents a substantial 9.02% increase. The stock closed with a day change of 8.59%, outperforming the Electrodes & Welding Equipment sector, which gained 5.58% on the same day. This outperformance is notable given the sector’s overall positive trend.
HEG’s price movement was supported by its position 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 a strong bullish trend in the short to long term.
Sector and Market Context
The Electrodes & Refractories sector, to which HEG belongs, has shown solid gains, with a 5.58% rise on the day. This sectoral strength has contributed to HEG’s positive price action. Meanwhile, the broader market also maintained a positive stance. The Sensex opened 118.50 points higher and traded at 84,944.84, up 0.32%, inching closer to its 52-week high of 86,159.02, just 1.43% away.
Market breadth was supported by small caps leading the charge, with the BSE Small Cap index gaining 0.9%. This environment of broad-based buying has provided a conducive backdrop for HEG’s strong intraday performance.
Relative Performance Metrics
HEG Ltd’s recent performance metrics underscore its outperformance relative to the benchmark Sensex. The stock’s one-day gain of 10.00% far exceeds the Sensex’s 0.32% rise. Over longer periods, HEG has consistently outpaced the index, with one-week, one-month, three-month, and one-year returns of 19.84%, 26.68%, 28.73%, and 29.22% respectively, compared to the Sensex’s negative or modest gains in the same periods.
Over a three-year horizon, HEG’s returns have been particularly impressive at 220.31%, dwarfing the Sensex’s 39.62%. Even over five and ten years, HEG has delivered extraordinary gains of 257.38% and 1731.76%, respectively, compared to the Sensex’s 77.89% and 225.25%. These figures highlight the stock’s strong historical growth trajectory.
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Mojo Score and Rating Update
HEG Ltd currently holds a Mojo Score of 70.0, reflecting a positive outlook based on a comprehensive assessment of its fundamentals, technicals, and market positioning. The stock’s Mojo Grade was upgraded from Hold to Buy on 23 Dec 2025, signalling improved confidence in its near-term prospects. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to its peers in the Electrodes & Refractories sector.
Trading Activity and Technical Indicators
Trading volumes and price action suggest strong demand for HEG shares throughout the session. The stock’s ability to sustain levels above all major moving averages reinforces the bullish technical setup. The 5-day and 20-day moving averages have been trending upwards, supporting the recent price rally. Additionally, the 50-day moving average remains comfortably above the 200-day moving average, a classic indicator of a sustained uptrend.
This technical strength is complemented by the stock’s relative outperformance against the sector and broader market indices, underscoring its leadership within the Electrodes & Refractories space.
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Market Sentiment and Broader Implications
The broader market environment has been supportive of stocks like HEG Ltd. The Sensex’s positive trajectory, trading above its 50-day and 200-day moving averages, reflects a bullish market sentiment. Small caps leading the market gains further indicate a risk-on mood among investors, which has likely contributed to HEG’s strong intraday performance.
HEG’s sector, Electrodes & Refractories, is also benefiting from this positive momentum, with the sector index gaining 5.58% on the day. This sectoral strength, combined with HEG’s technical positioning and recent rating upgrade, has created a favourable environment for the stock’s price appreciation.
Summary of Key Metrics
To summarise, HEG Ltd’s key performance indicators as of 31 Dec 2025 are:
- Intraday high: Rs 655 (9.02% gain)
- Day change: +8.59%
- Mojo Score: 70.0
- Mojo Grade: Buy (upgraded from Hold on 23 Dec 2025)
- Market Cap Grade: 3
- Outperformance vs Sector: +4.36%
- Outperformance vs Sensex (1 day): +9.68%
- Trading above all major moving averages (5, 20, 50, 100, 200 day)
These figures illustrate a strong technical and market-driven performance for HEG Ltd on the day, supported by favourable sectoral and broader market trends.
Conclusion
HEG Ltd’s surge to a new 52-week high of Rs 655 on 31 Dec 2025 highlights the stock’s robust intraday momentum and technical strength. The stock’s outperformance relative to its sector and the Sensex, combined with its upgraded Mojo Grade and solid moving average positioning, underscores a strong market endorsement of its current price action. The broader market’s positive tone and sectoral gains have further bolstered HEG’s trading activity, culminating in a notable day of gains for the Electrodes & Refractories player.
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