Key Events This Week
Jan 19: New 52-week and all-time high of Rs.45.13
Jan 20: Fresh 52-week and all-time high at Rs.46.03
Jan 21: New 52-week and all-time high of Rs.46.95
Jan 22: Price correction to Rs.46.02 amid sector weakness
Jan 23: Week closes at Rs.45.23, down 1.72% on the day
Monday, 19 January 2026: New 52-Week and All-Time High at Rs.45.13
Magnus Steel & Infra Ltd began the week on a strong note, hitting a new 52-week and all-time high of Rs.45.13. The stock gained 1.99% on the day, outperforming the Sensex which declined 0.49%. This marked the 21st consecutive trading day of gains, with the stock delivering a remarkable 51.14% return over this period. Trading above all key moving averages, the stock’s technical strength was evident despite broader market weakness. The Mojo Grade had recently been upgraded to ‘Hold’, reflecting improved fundamentals and market sentiment.
Tuesday, 20 January 2026: Momentum Continues with Rs.46.03 Peak
The rally extended on 20 January as Magnus Steel & Infra Ltd touched a fresh 52-week and all-time high of Rs.46.03, adding another 1.99% gain. This surge represented a 484.88% increase from its 52-week low of Rs.7.87, vastly outperforming the Sensex’s 1.82% decline. The stock outperformed its sector by 5.15% on the day, highlighting its resilience amid sectoral weakness. Technical indicators remained bullish, with the stock trading above all major moving averages. The Mojo Grade ‘Hold’ rating continued to reflect a balanced but positive outlook.
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Wednesday, 21 January 2026: New Peak at Rs.46.95 Amidst Market Pressure
On 21 January, Magnus Steel & Infra Ltd reached its highest level of the week, touching Rs.46.95, a 2.00% gain on the day. This marked the 21st consecutive day of gains and a cumulative return of 51.21% over this stretch. The stock outperformed the Sensex, which declined 0.47%, and the cable sector, which fell 2.82%. Trading above all key moving averages, the stock’s technical momentum remained strong. The Mojo Grade ‘Hold’ rating, upgraded in November 2025, continued to reflect the company’s improved fundamentals and market positioning.
Thursday, 22 January 2026: Price Pullback to Rs.46.02 Amid Sector Weakness
After three days of fresh highs, the stock corrected on 22 January, closing at Rs.46.02, down 1.98%. This pullback coincided with a 0.76% gain in the Sensex, indicating some profit-taking in Magnus Steel & Infra Ltd despite broader market strength. The cable sector remained under pressure, contributing to the stock’s retreat. Despite the dip, the stock maintained its position above key moving averages, suggesting the correction was a short-term consolidation rather than a trend reversal.
Friday, 23 January 2026: Week Ends with Rs.45.23 Close, Down 1.72%
The week concluded with a further decline to Rs.45.23, down 1.72% on the day, as the Sensex fell 1.33%. Volume was notably lower, indicating reduced trading interest. The stock’s weekly gain of 2.21% contrasted sharply with the Sensex’s 3.31% loss, underscoring Magnus Steel & Infra Ltd’s relative strength. The week’s price action reflected a pause after a strong rally, with investors digesting recent gains amid a volatile market backdrop.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.45.13 | +1.99% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.46.03 | +1.99% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.46.95 | +2.00% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.46.02 | -1.98% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.45.23 | -1.72% | 35,609.90 | -1.33% |
Key Takeaways from the Week
Strong Relative Outperformance: Magnus Steel & Infra Ltd gained 2.21% over the week while the Sensex declined 3.31%, highlighting the stock’s resilience amid a broadly weak market.
Multiple New Highs: The stock hit three consecutive new 52-week and all-time highs from Rs.45.13 on 19 January to Rs.46.95 on 21 January, reflecting sustained buying interest and momentum.
Technical Strength: Consistent trading above all major moving averages (5, 20, 50, 100, 200-day) throughout the week confirmed a strong bullish trend despite the late-week pullback.
Sector Divergence: The stock outperformed its sector peers, which faced declines, underscoring its relative strength within the Other Electrical Equipment industry.
Volume Trends: Volume was highest early in the week during the rally and tapered off towards the end, suggesting profit-taking and consolidation after a strong run.
Mojo Grade Stability: The ‘Hold’ rating with a Mojo Score of 50.0 reflects a balanced view, acknowledging the stock’s strong fundamentals and recent gains while signalling caution amid market volatility.
Conclusion: A Week of Milestones and Consolidation
Magnus Steel & Infra Ltd’s performance during the week of 19 to 23 January 2026 was marked by significant milestones, including multiple new 52-week and all-time highs, and a strong relative outperformance against the Sensex. The stock’s ability to sustain gains above key technical levels amid a challenging market environment highlights its robust momentum and investor confidence. While the late-week pullback suggests some short-term profit-taking, the overall trend remains positive. The Mojo Grade ‘Hold’ rating reflects a prudent stance, balancing the stock’s impressive rally with the need for caution in a volatile market. Investors will likely watch for further developments in the coming weeks to assess whether the stock can resume its upward trajectory or enter a consolidation phase.
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