KRN Heat Exchanger and Refrigeration Ltd Hits Intraday High with 7.02% Surge

Intraday Trading Highlights

The stock opened with a gap-up of 2.65%, signalling strong buying interest from the outset of trading. Throughout the session, KRN Heat Exchanger and Refrigeration Ltd maintained upward momentum, eventually touching a peak price of Rs 727.1, representing an 8.16% increase intraday. By the close, the stock settled with a day change of 7.02%, significantly outperforming the Other Industrial Products sector by 6.21% and the Sensex, which gained 0.42% on the day.

This surge marks a reversal in the stock’s short-term trend, as it gained after two consecutive days of declines. The intraday strength was supported by the stock trading above its 5-day and 20-day moving averages, although it remained below its longer-term 50-day, 100-day, and 200-day moving averages, indicating that while short-term momentum has improved, the stock has yet to break through longer-term resistance levels.

Market Context and Comparative Performance

On the broader market front, the Sensex opened higher at 84,177.51 points, up 597.11 points or 0.71%, before easing slightly to trade at 83,933.68 points, a 0.42% gain by midday. The index is currently 2.65% below its 52-week high of 86,159.02 and has been on a three-week consecutive rise, gaining 2.94% over this period. Mega-cap stocks have been leading the market gains, contributing to the Sensex’s positive trajectory.

In comparison, KRN Heat Exchanger and Refrigeration Ltd’s one-day gain of 6.05% notably outpaced the Sensex’s 0.42% rise. Over the past week, the stock has appreciated 10.43%, compared to the Sensex’s 2.77% gain. However, the stock’s performance over longer periods remains subdued, with a one-month decline of 1.12% and a three-month drop of 10.54%, contrasting with the Sensex’s modest gains of 0.43% and 0.86% respectively over the same durations.

Mojo Score and Rating Update

KRN Heat Exchanger and Refrigeration Ltd currently holds a Mojo Score of 48.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 4 December 2025. The company’s market capitalisation grade stands at 3, reflecting its classification within the small-cap segment of the Other Industrial Products sector.

The downgrade in rating and the current Mojo Score suggest a cautious stance on the stock’s medium-term outlook, despite the strong intraday performance observed today. The stock’s recent price action may be influenced by short-term trading dynamics rather than a shift in fundamental sentiment.

Technical Indicators and Moving Averages

From a technical perspective, the stock’s position relative to its moving averages provides insight into its current momentum. Trading above the 5-day and 20-day moving averages indicates short-term strength and a potential recovery from recent dips. However, the stock remains below its 50-day, 100-day, and 200-day moving averages, which often serve as key resistance levels for sustained upward trends.

This technical setup suggests that while the stock has demonstrated resilience intraday, it faces significant hurdles before confirming a longer-term uptrend. Investors monitoring the stock may watch for a breakthrough above these longer-term averages as a sign of more durable strength.

Performance Summary Over Various Timeframes

Examining the stock’s performance over multiple time horizons reveals a mixed picture. Year-to-date, KRN Heat Exchanger and Refrigeration Ltd has declined by 1.95%, slightly underperforming the Sensex’s 1.51% fall. Over the past year, the stock has experienced a notable decline of 23.99%, contrasting with the Sensex’s 7.80% gain during the same period.

Longer-term returns show no recorded gains over three, five, and ten-year periods, with the Sensex delivering substantial growth of 38.03%, 63.52%, and 249.41% respectively. This highlights the stock’s relative underperformance compared to the broader market over extended durations.

Summary of Today’s Trading Session

In summary, KRN Heat Exchanger and Refrigeration Ltd’s strong intraday performance on 9 February 2026 was characterised by a significant price surge, outperforming both its sector and the broader market indices. The stock’s recovery after two days of decline and its ability to trade above short-term moving averages indicate renewed buying interest during the session.

Despite this positive momentum, the stock remains below key longer-term moving averages and carries a Sell rating with a Mojo Score of 48.0, reflecting a cautious outlook. The broader market environment, with the Sensex near its 52-week high and on a three-week winning streak, provides a supportive backdrop for such intraday gains.

Investors and market participants will likely continue to monitor the stock’s price action relative to technical resistance levels and sector performance in the coming sessions.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →