Magnus Steel & Infra Ltd Hits New 52-Week High at Rs.39.32

Strong Rally and Price Momentum

On 7 January 2026, Magnus Steel & Infra Ltd (Stock ID: 540360), operating within the Other Electrical Equipment industry, recorded a new peak price of Rs.39.32. This represents a remarkable advance from its 52-week low of Rs.7.50, underscoring a substantial appreciation of over 424% in the past year. The stock has been on a consistent upward trajectory, gaining for 21 consecutive trading sessions and delivering a cumulative return of 51.17% during this period.

The stock’s performance today notably outpaced its sector, outperforming the Other Electrical Equipment sector by 1.86%. This outperformance is further supported by its position above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum and investor confidence in the stock’s current trend.

Market Context and Comparative Performance

While the broader market showed some signs of caution, with the Sensex opening lower at 84,620.40 and trading down by 0.19% at 84,904.08, Magnus Steel & Infra Ltd’s rally stands out. The Sensex remains 1.48% shy of its own 52-week high of 86,159.02, and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a generally bullish market environment.

Mid-cap stocks have been leading the market gains, with the BSE Mid Cap index rising by 0.26% today. Magnus Steel & Infra Ltd’s exceptional 424.27% one-year return dwarfs the Sensex’s 8.60% gain over the same period, highlighting the stock’s extraordinary growth relative to the broader market.

Mojo Score and Rating Upgrade

Magnus Steel & Infra Ltd currently holds a Mojo Score of 50.0, reflecting a balanced outlook with a Mojo Grade of Hold. This represents an upgrade from its previous Sell rating, which was revised on 11 November 2025. The stock’s Market Cap Grade stands at 3, indicating a moderate market capitalisation relative to its peers in the Other Electrical Equipment sector.

The upgrade in rating aligns with the stock’s recent price action and technical strength, as it continues to trade well above all major moving averages. The sustained gains over the last three weeks have contributed to this improved assessment, signalling a shift in the stock’s momentum and market perception.

Technical Indicators and Moving Averages

Magnus Steel & Infra Ltd’s position above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages is a key technical indicator of its bullish trend. Such alignment across short, medium, and long-term averages is often interpreted as a strong confirmation of upward momentum. This technical setup has supported the stock’s steady climb to its new high, reinforcing investor confidence in its price trajectory.

The stock’s 2.00% gain on the day further emphasises its resilience and ability to outperform the sector and broader market indices, despite the Sensex’s modest decline.

Sector and Industry Positioning

Operating within the Other Electrical Equipment sector, Magnus Steel & Infra Ltd’s recent price surge distinguishes it from many of its peers. The sector has experienced mixed performance, but the stock’s ability to maintain gains and reach new highs highlights its relative strength. This is particularly notable given the broader market’s cautious tone on the day.

The company’s market capitalisation grade of 3 suggests it is a mid-sized player within its industry, which may contribute to its agility and capacity to capitalise on sectoral opportunities. The stock’s sustained rally and technical robustness position it as a notable performer within the Other Electrical Equipment space.

Summary of Key Metrics

To summarise, Magnus Steel & Infra Ltd’s key performance indicators as of 7 January 2026 are:

• New 52-week and all-time high price: Rs.39.32


• 21 consecutive days of gains


• 51.17% return over the last 21 trading sessions


• One-year return: 424.27%


• Mojo Score: 50.0 (Hold rating, upgraded from Sell on 11 Nov 2025)


• Market Cap Grade: 3


• Outperformance of sector by 1.86% on the day


• Trading above all major moving averages (5, 20, 50, 100, 200 days)

These metrics collectively illustrate the stock’s strong upward momentum and significant price appreciation over the past year and recent weeks.

Broader Market Environment

The broader market context provides additional perspective on Magnus Steel & Infra Ltd’s performance. The Sensex’s slight decline of 0.19% contrasts with the stock’s robust gains, underscoring its relative strength. The Sensex’s proximity to its own 52-week high and its bullish moving average alignment suggest a generally positive market backdrop, albeit with some short-term volatility.

Mid-cap stocks, including Magnus Steel & Infra Ltd, have been leading market advances, reflecting investor appetite for growth opportunities within this segment. The stock’s exceptional returns relative to the Sensex’s 8.60% gain over the past year further highlight its standout performance.

Conclusion

Magnus Steel & Infra Ltd’s achievement of a new 52-week and all-time high at Rs.39.32 marks a significant milestone in its market journey. Supported by strong technical indicators, a recent upgrade in rating, and impressive returns over multiple timeframes, the stock’s momentum remains robust. Its outperformance relative to sector peers and the broader market underscores its current strength within the Other Electrical Equipment industry.

As the stock continues to trade above all key moving averages and maintain a positive trajectory, it remains a notable presence in the mid-cap segment, reflecting both resilience and sustained investor interest in its price action.

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