Key Events This Week
16 Feb: New 52-week and all-time high at Rs.51.86
17 Feb: Continued rally to Rs.52.89, 13 consecutive gains
18 Feb: New 52-week high at Rs.53.94 amid sector outperformance
19 Feb: Fresh 52-week high at Rs.55.01 despite Sensex decline
20 Feb: Week closes at Rs.56.11, 16 consecutive gains
16 February 2026: New 52-Week and All-Time High at Rs.51.86
Magnus Steel & Infra Ltd began the week on a strong note, hitting a new 52-week and all-time high of Rs.51.86. This marked the twelfth consecutive day of gains, with the stock delivering a cumulative return of 24.25% over this period. The day’s 1.99% increase outpaced the Sensex’s 0.70% gain, signalling robust investor confidence. The stock traded above all key moving averages, reinforcing its bullish technical setup. This milestone was supported by the company’s improved financial outlook and a Mojo Score upgrade to 50.0 (Hold) from Sell in November 2025.
17 February 2026: Momentum Continues with Rs.52.89 High
The rally extended on 17 February as Magnus Steel & Infra Ltd touched Rs.52.89, marking 13 consecutive days of gains and a 26.71% return over this stretch. The stock outperformed its sector by 1.12% and the Sensex by 0.32%, closing at a new all-time high. The company reported very positive quarterly financial results, with Profit Before Tax excluding Other Income and Profit After Tax both surging 775% year-on-year to ₹1.08 crore. Net sales for six months reached ₹13.48 crore, and EPS rose to ₹3.20, signalling a strong turnaround. The financial trend was upgraded to very positive, further supporting the stock’s upward trajectory.
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18 February 2026: Sustained Rally to Rs.53.94 Despite Market Volatility
On 18 February, Magnus Steel & Infra Ltd reached Rs.53.94, marking 14 consecutive days of gains and a 29.23% return over this period. The stock outperformed the Other Electrical Equipment sector by 1.96% and closed marginally lower on the Sensex, which declined 0.04%. The company’s stock price has appreciated over 553% in the past year, vastly outperforming the Sensex’s 9.78% gain. Technical indicators remained strong, with the stock trading above all major moving averages. The Mojo Score held steady at 56.0 with a Hold rating, reflecting improved fundamentals and market confidence.
19 February 2026: New High of Rs.55.01 Amid Sensex Decline
Magnus Steel & Infra Ltd continued its impressive run on 19 February, hitting a new 52-week and all-time high of Rs.55.01. This marked 15 consecutive days of gains and a cumulative return of 31.79%. The stock outperformed its sector by 2.73% and rose 1.98% despite the Sensex falling 0.57%. The company’s one-year return stood at an extraordinary 565.98%, dwarfing the Sensex’s 9.64% gain. The stock’s technical strength was underscored by its position above all key moving averages, signalling sustained buying interest and momentum.
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20 February 2026: Week Closes at Rs.56.11 with 16 Consecutive Gains
The week concluded with Magnus Steel & Infra Ltd reaching Rs.56.11, its highest 52-week and all-time high price, marking 16 consecutive days of gains and a 34.43% return over this period. The stock opened with a 2% gap up and maintained this level throughout the session, outperforming its sector by 0.76%. The Sensex closed up 0.45%, but remained below its 52-week high. The stock’s technical position remains robust, trading above all major moving averages. The Mojo Score of 56.0 and Hold rating reflect the company’s improved fundamentals and sustained market momentum.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.51.86 | +1.99% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.52.89 | +1.99% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.53.94 | +1.99% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.55.01 | +1.98% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.56.11 | +2.00% | 36,674.32 | +0.41% |
Key Takeaways
Strong Price Momentum: Magnus Steel & Infra Ltd recorded 16 consecutive days of gains, culminating in a 34.43% return over this period, significantly outperforming the Sensex’s 0.39% rise.
Robust Financial Performance: The company’s Q3 FY26 results showed a remarkable turnaround with a 775% increase in Profit Before Tax excluding Other Income and Profit After Tax, alongside strong revenue growth and EPS expansion.
Technical Strength: The stock consistently traded above all major moving averages (5, 20, 50, 100, 200-day), signalling sustained bullish momentum and strong investor interest.
Sector Outperformance: Throughout the week, Magnus Steel & Infra Ltd outperformed the Other Electrical Equipment sector, with daily outperformance ranging from 0.76% to 2.73% on key days.
Improved Market Perception: The Mojo Score upgraded to 56.0 with a Hold rating from a previous Sell grade reflects improved fundamentals and market confidence in the company’s prospects.
Conclusion
Magnus Steel & Infra Ltd’s exceptional weekly performance, marked by multiple new 52-week and all-time highs, underscores a period of sustained strength and resilience. The stock’s 10.34% weekly gain, driven by robust financial results, strong technical indicators, and consistent sector outperformance, highlights its leadership within the Other Electrical Equipment industry. Despite some volatility in the broader market, Magnus Steel has demonstrated remarkable momentum, supported by improved fundamentals and positive market sentiment. This week’s rally consolidates the company’s position as a noteworthy performer, reflecting both operational turnaround and investor confidence.
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