Strong Rally and Price Momentum
The stock has demonstrated robust performance, registering gains for eight consecutive trading sessions. Over this period, Magnus Steel & Infra Ltd has delivered a cumulative return of 13.8%, underscoring a strong upward trajectory. The latest price of Rs.47.5 represents a substantial advance from its 52-week low of Rs.8.26, highlighting a remarkable recovery and growth phase.
Trading well above its key moving averages—including the 5-day, 20-day, 50-day, 100-day, and 200-day averages—Magnus Steel’s price action signals sustained buying interest and technical strength. This alignment across multiple timeframes often indicates a positive trend and investor confidence in the stock’s near-term direction.
Sector and Market Context
Magnus Steel & Infra Ltd operates within the Other Electrical Equipment industry, a sector that has seen mixed performance in recent months. While the broader market, represented by the Sensex, has been on a steady rise—gaining 3.53% over the last three weeks and currently trading at 84,413.42, up 0.41% on the day—the stock’s rally has outpaced the benchmark’s 9.21% annual return, with Magnus Steel’s one-year performance flat at 0.00% but now showing strong short-term momentum.
The Sensex itself is nearing its own 52-week high of 86,159.02, currently just 2.07% shy of that level. The index’s position above its 50-day and 200-day moving averages, with the 50 DMA above the 200 DMA, reflects a bullish market environment that has likely supported sectoral and stock-specific advances.
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Mojo Score and Rating Update
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 Nov 2025. The Market Capitalisation Grade stands at 4, indicating a moderate market cap relative to peers in the Other Electrical Equipment sector.
The stock’s day change of 1.06% aligns with sector performance, suggesting that its recent gains are in step with broader industry movements rather than isolated volatility. This steady progression supports the view of a measured and sustained rally rather than speculative spikes.
Technical Indicators and Moving Averages
Magnus Steel’s price positioning above all major moving averages is a key technical indicator of strength. The 5-day and 20-day moving averages have been trending upwards, confirming short-term momentum, while the 50-day, 100-day, and 200-day averages provide confirmation of longer-term bullish trends. Such alignment across multiple moving averages often attracts technical traders and can reinforce price support levels.
These technical factors, combined with the stock’s recent consecutive gains, suggest that the current price level of Rs.47.5 is supported by solid market dynamics and investor confidence within the sector framework.
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Historical Price Context and Market Capitalisation
The stock’s new high of Rs.47.5 is a significant leap from its 52-week low of Rs.8.26, reflecting a more than fivefold increase within the past year. This wide price range underscores the volatility and potential for value realisation within the stock’s trading history.
Magnus Steel & Infra Ltd’s market capitalisation grade of 4 places it in a moderate category relative to its sector peers, indicating a mid-sized presence in the Other Electrical Equipment industry. This positioning may influence liquidity and trading volumes, factors that often correlate with price stability and investor interest.
Market Environment and Sector Performance
The broader market environment has been supportive, with the Sensex advancing steadily and mega-cap stocks leading gains. The index’s current level at 84,413.42, up 0.41% on the day, and its proximity to a 52-week high, provide a positive backdrop for sectoral stocks like Magnus Steel & Infra Ltd.
Within the Other Electrical Equipment sector, the stock’s performance is notable for its recent acceleration, outpacing many peers in terms of short-term returns. This momentum is reflected in the stock’s consistent gains and technical positioning, which together highlight a period of strength and renewed market focus.
Summary of Key Metrics
To summarise, Magnus Steel & Infra Ltd’s key performance indicators as of 10 Feb 2026 are:
- New 52-week and all-time high price: Rs.47.5
- Consecutive gain days: 8
- Return over last 8 days: 13.8%
- Mojo Score: 50.0 (Hold rating, upgraded from Sell on 11 Nov 2025)
- Market Cap Grade: 4
- Trading above all major moving averages (5, 20, 50, 100, 200 days)
- Day change: +1.06%, in line with sector performance
- Sensex level: 84,413.42, up 0.41% on the day
This combination of technical strength, steady gains, and a supportive market environment has culminated in Magnus Steel & Infra Ltd reaching this important 52-week high milestone.
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