Maxgrow India Ltd Hits New 52-Week High at Rs.47.34

Stock Performance and Price Action

On 5 Jan 2026, Maxgrow India Ltd opened with a notable gap up, rising 4.99% to Rs.47.34, which also marked the day’s intraday high. The stock maintained this price level throughout the trading session, demonstrating a firm hold at this new peak. This performance outperformed the sector by 5.22%, signalling relative strength in comparison to its peers.

Notably, the stock has traded erratically in recent weeks, missing trading on 4 out of the last 20 days. Despite this, the current rally has been decisive, with Maxgrow India Ltd trading above all major moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — indicating a sustained bullish trend across multiple timeframes.

Market Context and Broader Indices

The broader market environment also provided a supportive backdrop for Maxgrow India Ltd’s rally. The Sensex, after an initial negative opening down by 121.96 points, rebounded strongly to close 0.11% higher at 85,855.68. The index is currently just 0.35% shy of its own 52-week high of 86,159.02, reflecting a generally positive market sentiment.

Furthermore, the Sensex is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, a classic bullish indicator. The index has recorded a 1.09% gain over the past three weeks, with small-cap stocks leading the charge, as evidenced by the BSE Small Cap index’s 0.18% gain today. Maxgrow India Ltd’s performance aligns with this small-cap strength, reinforcing the stock’s momentum within this segment.

Long-Term Price and Market Capitalisation Overview

Over the past year, Maxgrow India Ltd’s stock price has remained flat with a 0.00% change, contrasting with the Sensex’s 8.37% gain during the same period. The stock’s 52-week low was Rs.1.22, highlighting the significant appreciation to the current high of Rs.47.34. This wide price range over the year illustrates the stock’s volatility and recent recovery.

The company holds a Market Cap Grade of 4, reflecting its relative market capitalisation within its peer group. Additionally, the Mojo Score for Maxgrow India Ltd stands at 53.0, with a Mojo Grade upgraded from Sell to Hold as of 1 Oct 2025, indicating an improvement in the stock’s fundamental and technical parameters.

Technical Momentum and Moving Averages

The stock’s position above all key moving averages is a significant technical indicator. Trading above the 5-day and 20-day moving averages suggests short-term strength, while surpassing the 50-day, 100-day, and 200-day averages confirms a longer-term positive trend. This alignment across multiple time horizons often signals sustained momentum and investor confidence in the stock’s price direction.

Moreover, the stock’s ability to open at its high price and maintain that level throughout the trading day points to strong demand and limited selling pressure at this elevated price point.

Summary of Key Metrics

To summarise, Maxgrow India Ltd’s stock has demonstrated a strong rally culminating in a new 52-week high of Rs.47.34. The stock’s day change of 4.99% and outperformance relative to its sector by 5.22% highlight its current strength. The upgrade in Mojo Grade from Sell to Hold and a Mojo Score of 53.0 reflect improving fundamentals and technicals.

The broader market’s positive trend, with the Sensex nearing its own 52-week high and small caps leading gains, provides a conducive environment for Maxgrow India Ltd’s price appreciation. The stock’s consistent trading above all major moving averages further confirms its upward momentum.

While the stock’s one-year price performance remains flat, the recent surge to a new high marks a significant milestone in its price trajectory, reflecting renewed investor interest and market confidence in the company’s prospects.

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