J.G.Chemicals Ltd Hits Intraday High with 7.41% Surge on 3 Feb 2026

Intraday Trading Highlights

The stock opened sharply higher with a gap-up of 3.99%, signalling strong buying interest from the outset. Throughout the trading session, J.G.Chemicals Ltd maintained upward momentum, eventually touching a peak of Rs 339, representing an 8.69% increase intraday. By the close, the stock settled with a gain of 7.41%, significantly outperforming the Sensex, which rose by 2.49% on the day.

This performance also outpaced the Commodity Chemicals sector, which recorded a 5.1% gain, underscoring J.G.Chemicals Ltd’s relative strength within its industry group. The stock’s day change of 7.41% was 2.81 percentage points higher than the sector’s advance, highlighting its leadership in the segment.

Technical Positioning and Moving Averages

From a technical perspective, J.G.Chemicals Ltd’s price currently trades above its 5-day and 20-day moving averages, indicating positive short-term momentum. However, it remains below its longer-term moving averages including the 50-day, 100-day, and 200-day averages, suggesting that while the immediate trend is bullish, the stock has yet to break through key resistance levels that define its medium- and long-term trend.

The stock’s ability to sustain gains above the shorter moving averages may provide a foundation for further consolidation or potential upside in the near term, contingent on broader market conditions.

Market Context and Sector Dynamics

The broader market environment on 3 Feb 2026 was mixed. The Sensex opened with a strong gap-up of 3,656.74 points but subsequently lost momentum, retreating by 1,610.24 points to close at 83,712.96, down 2.51% from its intraday high. Despite this volatility, mega-cap stocks led the market, supporting a 2.51% gain in the Sensex by the end of the session.

Notably, the Sensex remains 2.92% below its 52-week high of 86,159.02. The index is trading below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a mixed technical backdrop for the broader market.

Within this environment, the Chemicals sector’s 5.1% gain stands out as a relative outperformer, with J.G.Chemicals Ltd’s 7.41% rise further accentuating its strong intraday showing.

Performance Comparison Over Various Timeframes

J.G.Chemicals Ltd’s recent performance shows a mixed trend when compared to the Sensex across multiple time horizons. While the stock outperformed the Sensex over the past day and week, with gains of 7.41% and 9.51% respectively versus Sensex’s 2.49% and 2.26%, it has lagged over longer periods.

Over one month, the stock declined by 6.48% compared to the Sensex’s 2.40% fall. The three-month performance shows a sharper divergence, with J.G.Chemicals Ltd down 20.64% against a marginal 0.33% decline in the Sensex. Year-to-date, the stock is down 5.03%, underperforming the Sensex’s 1.78% decline. Over one year, the stock has fallen 4.11%, while the Sensex gained 8.44%.

Longer-term data indicates no recorded gains for J.G.Chemicals Ltd over three, five, and ten-year periods, contrasting with the Sensex’s substantial growth of 37.58%, 66.55%, and 245.55% respectively over the same durations.

Mojo Score and Rating Update

J.G.Chemicals Ltd currently holds a Mojo Score of 31.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 8 Dec 2025. The stock’s Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation within the Commodity Chemicals sector.

These ratings provide a quantitative assessment of the stock’s fundamentals and market positioning, which investors may consider alongside price action and sector trends.

Summary of Trading Action

On 3 Feb 2026, J.G.Chemicals Ltd’s strong intraday performance was characterised by a decisive gap-up opening and sustained buying pressure that propelled the stock to an intraday high of Rs 339. The 7.41% day gain significantly outpaced both the Sensex and the Chemicals sector, highlighting the stock’s relative strength amid a volatile market backdrop.

While the stock remains below its longer-term moving averages, its position above the 5-day and 20-day averages suggests positive short-term momentum. The downgrade to a Sell grade and the modest Mojo Score indicate caution from a fundamental perspective, yet the intraday price action reflects active trading interest and sector outperformance on the day.

Investors monitoring the Commodity Chemicals sector may note J.G.Chemicals Ltd’s ability to outperform peers and the broader market during this session, despite the overall market’s mixed performance and the Sensex’s retreat from its intraday highs.

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