Kennametal India Ltd Hits Intraday High with 7.1% Surge on 3 Feb 2026

Intraday Trading Highlights

Kennametal India Ltd (Stock ID: 732050), a key player in the Industrial Manufacturing sector, opened the trading session with a notable gap up of 8.12%, signalling strong buying interest from the outset. The stock maintained upward momentum throughout the day, touching its peak at Rs 2,130, reflecting an intraday gain of 7.1%. This performance outpaced the Engineering sector’s gain of 3.08% and significantly exceeded the Sensex’s 2.76% rise on the same day.

The stock’s day change of 7.1% also marked a 4.2% outperformance relative to its sector, underscoring its relative strength within Industrial Manufacturing. Kennametal India Ltd has now recorded gains for two consecutive trading days, accumulating an 8.34% return over this period.

Technical Positioning and Moving Averages

From a technical standpoint, Kennametal India 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 averages, including the 50-day, 100-day, and 200-day moving averages, suggesting that while recent trading activity is strong, the stock has yet to fully break through longer-term resistance levels.

This mixed technical picture reflects a stock in the midst of a potential recovery phase, with short-term strength evident but longer-term trends still to be decisively confirmed.

Market Context and Broader Indices

The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex session. The index opened sharply higher by 3,656.74 points but subsequently lost momentum, retreating by 1,403.15 points to close at 83,920.05, a net gain of 2.76%. The Sensex remains 2.67% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50DMA itself is positioned above the 200DMA, indicating a mixed medium-term trend.

Within this environment, mega-cap stocks led the market gains, while Kennametal India Ltd’s outperformance highlights its relative resilience amid broader market fluctuations.

Performance Comparison Over Various Timeframes

Examining Kennametal India Ltd’s performance relative to the Sensex over multiple periods provides further insight into its trading dynamics. The stock outperformed the Sensex in the short term, with a 1-day gain of 6.60% compared to the Sensex’s 2.68%, and a 1-week return of 7.66% versus the Sensex’s 2.44%. Over the 1-month horizon, Kennametal India Ltd posted a marginal decline of 0.97%, which was less severe than the Sensex’s 2.23% fall. Similarly, over three months, the stock gained 0.99%, outperforming the Sensex’s slight negative return of 0.15%.

However, longer-term returns show a different trend. Over one year, Kennametal India Ltd declined by 4.18%, while the Sensex rose by 8.64%. Year-to-date, the stock has recorded a modest gain of 0.23%, outperforming the Sensex’s 1.61% loss. Over three years, the stock’s return was -1.74%, trailing the Sensex’s 37.82% gain. Despite this, Kennametal India Ltd has delivered strong cumulative returns over five and ten years, with gains of 127.38% and 195.77% respectively, though these remain below the Sensex’s corresponding returns of 66.85% and 246.16%.

Mojo Score and Rating Update

Kennametal India Ltd currently holds a Mojo Score of 44.0, reflecting a Sell grade as of 24 Dec 2025, a downgrade from its previous Hold rating. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation within its sector. These metrics provide a quantitative assessment of the stock’s fundamentals and market positioning as evaluated by MarketsMOJO.

Sector and Industry Performance

The Industrial Manufacturing sector, particularly the Engineering segment, has shown moderate gains, with the sector rising by 3.08% on the day. Kennametal India Ltd’s 7.1% intraday surge significantly outpaced this sector movement, highlighting its standout performance within the industry group.

Summary of Trading Activity

Kennametal India Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a significant opening gap and sustained buying pressure throughout the session. The stock’s ability to outperform both its sector and the broader market indices amid a volatile Sensex session underscores its current trading strength. While the stock remains below its longer-term moving averages, the recent gains and technical positioning above short-term averages suggest a positive momentum phase.

Investors and market participants will note the stock’s relative outperformance over recent days and weeks, as well as its mixed longer-term returns compared to the Sensex. The downgrade in Mojo Grade to Sell as of late December 2025 provides a contrasting fundamental perspective to the recent price action.

Overall, Kennametal India Ltd’s intraday high and strong surge on 3 Feb 2026 mark a notable episode of market activity within the Industrial Manufacturing sector.

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