Indian Metals & Ferro Alloys Ltd Hits Intraday High with 7.05% Surge

Intraday Trading Highlights

The stock opened with a notable gap up of 3.94%, signalling strong buying interest from the outset. Throughout the trading session, Indian Metals & Ferro Alloys Ltd maintained upward momentum, reaching its peak price of Rs 1,221, which represents a 5.41% rise from its previous close. This intraday high was accompanied by a day change of 7.05%, significantly outpacing the Ferro & Silica Manganese sector’s gain of 3.2% and the Sensex’s increase of 2.82%.

Indian Metals & Ferro Alloys Ltd’s performance today also exceeded the sector’s by 1.92%, underscoring its relative strength within the ferrous metals industry. The stock has now recorded gains for two consecutive days, accumulating a 5.43% return over this period.

Technical Positioning and Moving Averages

From a technical standpoint, the stock is trading above its 5-day, 20-day, and 200-day moving averages, indicating short- and long-term positive momentum. However, it remains below its 50-day and 100-day moving averages, suggesting some resistance at intermediate levels. This mixed moving average positioning reflects a stock that is gaining traction but still faces certain technical hurdles.

Sector and Market Context

The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex session. After opening sharply higher by 3,656.74 points, the index retreated by 1,353.64 points to trade at 83,969.56, a 2.82% gain on the day. The Sensex remains 2.61% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day moving average itself is positioned above the 200-day moving average, indicating a longer-term bullish trend.

Within this environment, mega-cap stocks led the market rally, while Indian Metals & Ferro Alloys Ltd, a smaller-cap player in the ferrous metals sector, outperformed both the Sensex and its sector peers.

Performance Metrics and Historical Returns

Indian Metals & Ferro Alloys Ltd’s one-day gain of 7.15% notably outstripped the Sensex’s 2.83% rise. Over the past week, the stock has advanced 9.40%, compared to the Sensex’s 2.59% increase. However, the stock’s one-month performance shows a decline of 17.26%, contrasting with the Sensex’s modest 2.08% fall. Over three months, the stock posted a 2.71% gain, slightly ahead of the Sensex’s flat performance.

Longer-term returns remain impressive, with a one-year gain of 79.30% versus the Sensex’s 8.80%. Year-to-date, the stock has declined 16.85%, compared to the Sensex’s 1.46% fall. Over three, five, and ten-year horizons, Indian Metals & Ferro Alloys Ltd has delivered compounded returns of 335.13%, 466.95%, and 2,030.82% respectively, substantially outperforming the Sensex’s corresponding returns of 38.02%, 67.10%, and 246.67%.

Mojo Score and Rating Update

The company’s Mojo Score currently stands at 42.0, with a Mojo Grade of Sell, reflecting a downgrade from a previous Hold rating on 6 Jan 2026. The Market Cap Grade is rated 3, indicating a mid-tier market capitalisation within its sector. These ratings provide a snapshot of the stock’s current standing within the MarketsMOJO framework.

Trading Action and Market Sentiment

Trading volumes and price action today indicate a strong intraday interest in Indian Metals & Ferro Alloys Ltd, with the stock’s gains reflecting a positive response to market conditions within the ferrous metals sector. The stock’s ability to outperform both its sector and the broader market amidst a volatile Sensex session highlights its relative strength.

Despite the broader market’s mixed signals, Indian Metals & Ferro Alloys Ltd’s price movement suggests that it remains a focal point for traders seeking exposure to ferrous metals. The stock’s positioning above key short- and long-term moving averages supports the continuation of its current momentum in the near term.

Summary of Key Data Points

To summarise, Indian Metals & Ferro Alloys Ltd’s key intraday statistics on 3 Feb 2026 include:

• Intraday high of Rs 1,221 (5.41% increase)
• Day change of 7.05%
• Opening gap up of 3.94%
• Outperformance of sector by 1.92%
• Consecutive two-day gains totalling 5.43%
• Trading above 5-day, 20-day, and 200-day moving averages
• Mojo Score of 42.0 with a Sell grade

These figures collectively illustrate a stock that has demonstrated strong intraday performance and resilience within a fluctuating market environment.

Market and Sector Overview

The ferrous metals sector, represented by Ferro & Silica Manganese, gained 3.2% on the day, supported by positive demand dynamics and commodity price movements. Indian Metals & Ferro Alloys Ltd’s outperformance relative to this sector benchmark further emphasises its strong trading session.

Meanwhile, the Sensex’s retreat after an initial gap up reflects broader market caution, with mega-cap stocks driving the index’s gains. Indian Metals & Ferro Alloys Ltd’s smaller market capitalisation and sector-specific focus differentiate its price action from the broader market trends.

Conclusion

Indian Metals & Ferro Alloys Ltd’s strong intraday surge to Rs 1,221 on 3 Feb 2026, coupled with its outperformance of both sector and market indices, highlights a notable trading session. The stock’s technical positioning and recent consecutive gains underscore its current momentum within the ferrous metals industry. While the broader market experienced volatility, Indian Metals & Ferro Alloys Ltd maintained a positive trajectory, reflecting robust intraday demand and trading interest.

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