Key Events This Week
5 Jan: New 52-week and all-time high at Rs.37.8
6 Jan: Further all-time high at Rs.38.55 amid sector outperformance
7 Jan: Stock hits Rs.39.32, continuing 21-day gain streak
8 Jan: New 52-week high of Rs.40.1 with strong volume surge
9 Jan: Week closes at Rs.40.90, marking a 10.36% weekly gain
5 January 2026: New 52-Week and All-Time High at Rs.37.8
Magnus Steel & Infra Ltd began the week on a strong note, hitting a new 52-week and all-time high of Rs.37.8. This milestone capped a remarkable 21-day consecutive gain streak, during which the stock appreciated over 51%. The 2.00% daily gain on this day outpaced the Sensex’s 0.18% decline, signalling robust investor interest. The stock traded above all major moving averages, confirming a strong technical uptrend. This performance was notable given the broader market’s cautious tone, with the Sensex closing marginally lower at 37,730.95.
6 January 2026: Momentum Continues with Rs.38.55 High
The rally sustained momentum on 6 January as Magnus Steel & Infra Ltd reached Rs.38.55, again setting new 52-week and all-time highs. The stock gained 1.98%, outperforming its sector by 1.77% despite a 0.19% decline in the Sensex. This day’s performance reinforced the stock’s relative strength and technical resilience. The Mojo Grade remained at Hold, upgraded from Sell in November 2025, reflecting improved fundamentals and market sentiment.
7 January 2026: New High of Rs.39.32 Amid Mixed Market
On 7 January, Magnus Steel & Infra Ltd continued its ascent, touching Rs.39.32. The 2.00% gain contrasted with the Sensex’s 0.16% decline, highlighting the stock’s outperformance. The 21-day consecutive gain streak remained intact, with a total return exceeding 51%. The stock’s technical indicators remained bullish, trading above all key moving averages. The broader market showed some volatility, but Magnus Steel’s strong momentum persisted.
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8 January 2026: New 52-Week High of Rs.40.1 with Strong Volume
Magnus Steel & Infra Ltd surged to Rs.40.1 on 8 January, marking another 52-week and all-time high. The stock gained 1.98% on heavy volume of 11,656 shares, significantly outperforming the Sensex which declined 1.41%. The stock’s ability to maintain gains above all major moving averages confirmed the strength of its uptrend. The Mojo Grade remained Hold, reflecting a balanced outlook amid strong price momentum. The company’s one-year return stood at an extraordinary 434.67%, vastly exceeding the Sensex’s 8.25% gain.
9 January 2026: Week Closes at Rs.40.90, Marking 10.36% Weekly Gain
The week concluded with Magnus Steel & Infra Ltd reaching Rs.40.90, a new 52-week and all-time high. The stock gained 2.00% on the day, outperforming the Sensex’s 0.89% decline. This capped a week of sustained gains, with the stock delivering a 10.36% weekly return versus the Sensex’s 2.62% loss. The 21-day consecutive gain streak remained unbroken, underscoring persistent investor confidence. The stock’s technical positioning remained robust, trading above all key moving averages and outperforming its sector by 3.04% on the final day.
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Daily Price Comparison: Magnus Steel & Infra Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.37.80 | +2.00% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.38.55 | +1.98% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.39.32 | +2.00% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.40.10 | +1.98% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.40.90 | +2.00% | 36,807.62 | -0.89% |
Key Takeaways
Strong Outperformance: Magnus Steel & Infra Ltd’s 10.36% weekly gain vastly outpaced the Sensex’s 2.62% decline, highlighting the stock’s robust relative strength amid a challenging market.
Consistent Uptrend: The stock maintained a 21-day consecutive gain streak, delivering over 51% returns during this period, supported by trading above all major moving averages.
Technical Strength: Sustained trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages confirms a strong bullish trend and positive investor sentiment.
Mojo Grade Upgrade: The upgrade from Sell to Hold in November 2025 reflects improved fundamentals and market perception, aligning with the recent price momentum.
Sector Outperformance: The stock consistently outperformed its sector peers, with daily outperformance ranging from 1.65% to over 3%, underscoring its competitive positioning.
Conclusion
Magnus Steel & Infra Ltd’s performance during the week of 5 to 9 January 2026 was marked by a sustained rally that culminated in multiple new 52-week and all-time highs. The stock’s 10.36% weekly gain, achieved amid a declining Sensex, underscores its resilience and strong market positioning within the Other Electrical Equipment sector. Supported by robust technical indicators and an upgraded Mojo Grade, the stock demonstrated consistent investor confidence and relative strength. While the broader market faced headwinds, Magnus Steel & Infra Ltd’s exceptional returns and steady momentum highlight its status as a noteworthy outperformer in the current market environment.
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