Opening Gap and Intraday Performance
On the morning of 3 Feb 2026, Indraprastha Medical Corporation Ltd (Stock ID: 131877) opened at a price reflecting a 5.79% gain compared to its previous close. This gap up was accompanied by an intraday high of Rs 396.8, matching the opening gain percentage. The stock’s day change settled at 3.55%, outperforming the Sensex’s 2.91% gain on the same day. This strong opening indicates a positive response from the market, likely influenced by overnight developments or sentiment shifts within the hospital sector.
Recent Price Trends and Relative Performance
Indraprastha Medical Corporation Ltd has been on a consistent upward trajectory, registering gains for four consecutive trading sessions. Over this period, the stock has delivered an 8.11% return, signalling sustained buying interest. Notably, the stock outperformed its hospital sector peers by 1.34% on the day of the gap up, underscoring its relative strength within the segment.
However, the one-month performance paints a contrasting picture, with the stock declining by 14.32%, significantly underperforming the Sensex’s modest 2.00% decline. This divergence suggests that while short-term momentum is positive, the stock has faced headwinds over the past month that have weighed on its longer-term trend.
Technical Indicators and Moving Averages
From a technical standpoint, the stock’s price opened above its 5-day moving average, indicating short-term strength. Nevertheless, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, which may act as resistance levels in the near term. The daily moving averages currently reflect a bearish trend, consistent with the stock’s recent underperformance over the past month.
Weekly and monthly technical indicators present a mixed outlook. The Moving Average Convergence Divergence (MACD) is bearish on a weekly basis and mildly bearish monthly, while the Relative Strength Index (RSI) is bullish weekly but shows no clear signal monthly. Bollinger Bands and the KST indicator also suggest mild bearishness on both weekly and monthly timeframes. The Dow Theory assessment is mildly bearish weekly and neutral monthly, and the On-Balance Volume (OBV) is mildly bearish weekly with no clear monthly trend.
Volatility and Beta Considerations
Indraprastha Medical Corporation Ltd is classified as a high beta stock, with an adjusted beta of 1.48 relative to the SMLCAP index. This elevated beta implies that the stock is more volatile than the broader market, tending to experience larger price swings in both directions. The current gap up and recent gains are consistent with this characteristic, as high beta stocks often exhibit amplified responses to market catalysts.
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Mojo Grade Revision and Market Capitalisation
On 30 Jan 2026, Indraprastha Medical Corporation Ltd’s Mojo Grade was downgraded from Hold to Sell, with a current Mojo Score of 37.0. The market capitalisation grade stands at 3, indicating a mid-tier valuation relative to its peers. Despite the downgrade, the stock’s recent price action suggests that market participants are responding to other factors, possibly sector-specific developments or company-specific news, which have contributed to the positive opening gap.
Sector and Market Context
Operating within the hospital industry and sector, Indraprastha Medical Corporation Ltd’s performance is noteworthy given the broader sector dynamics. The hospital sector has experienced varied performance recently, with some stocks facing pressure due to regulatory and market conditions. The stock’s outperformance relative to its sector on the day of the gap up highlights its distinct price movement amid these conditions.
Gap Fill Potential and Momentum Analysis
The significant gap up opening at 5.79% raises the question of whether the stock will sustain this momentum or experience a gap fill during the trading session. Given the intraday high matched the opening gain, the stock demonstrated strength early on. However, the presence of resistance from longer-term moving averages and mixed technical signals suggests that some profit-taking or consolidation could occur as the session progresses.
Historical patterns for high beta stocks like Indraprastha Medical Corporation Ltd indicate that such gap ups can either lead to continued upward momentum or retracement to fill the gap, depending on broader market conditions and sector sentiment. The current four-day consecutive gain streak supports the case for sustained momentum, but the technical indicators counsel caution.
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Summary of Key Metrics
To summarise, Indraprastha Medical Corporation Ltd’s key metrics as of 3 Feb 2026 are as follows:
- Opening gap up: 5.79%
- Intraday high: Rs 396.8 (5.79% gain)
- Day change: 3.55% (outperforming Sensex by 0.64%)
- Four-day consecutive gains totalling 8.11%
- One-month performance: -14.32% (underperforming Sensex by 12.32%)
- Mojo Score: 37.0 (Sell grade, downgraded from Hold on 30 Jan 2026)
- Market Cap Grade: 3
- Beta (adjusted): 1.48 (high volatility relative to market)
The stock’s performance today reflects a strong start and positive market sentiment, despite the recent downgrade and mixed technical signals. The gap up opening and sustained gains over multiple sessions highlight the stock’s current momentum within the hospital sector.
Conclusion
Indraprastha Medical Corporation Ltd’s significant gap up opening on 3 Feb 2026 marks a strong session start, supported by a four-day gain streak and outperformance relative to both its sector and the Sensex. While technical indicators present a cautious outlook with bearish signals on longer timeframes, the short-term momentum remains positive. The stock’s high beta characteristic suggests that volatility will continue to play a key role in its price movements. Market participants will be watching closely to see if the stock can maintain its gains or if a gap fill occurs during the trading day.
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