Maxgrow India Ltd Hits New 52-Week High at Rs.60.38

Strong Rally Drives New High

On 2 Feb 2026, Maxgrow India Ltd reached an intraday and closing high of Rs.60.38, representing a 4.99% increase on the day. This price level is the highest the stock has traded at in the past year, eclipsing previous resistance points and signalling renewed strength in the share price. The stock opened at Rs.60.38 and maintained this level throughout the trading session, reflecting strong demand and limited selling pressure.

The recent rally has been supported by a two-day consecutive gain, during which the stock delivered a cumulative return of 10.22%. This upward trajectory has allowed Maxgrow India Ltd to outperform its sector by 4.64% on the day, underscoring its relative strength amid broader market fluctuations.

Technical Indicators Confirm Uptrend

From a technical standpoint, Maxgrow India Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages is typically indicative of a sustained uptrend and positive investor sentiment. The stock’s ability to hold above these levels suggests strong underlying support and a favourable price structure.

Despite some erratic trading patterns, with the stock not trading on three days out of the last twenty, the recent price action has been decisive. The gap-up opening on 2 Feb 2026, combined with the sustained high price, highlights the stock’s momentum and the market’s willingness to embrace higher valuations.

Market Context and Comparative Performance

While Maxgrow India Ltd has achieved this notable high, the broader market environment presents a contrasting picture. The Sensex opened lower by 167.26 points and was trading at 80,532.41, down 0.24% on the day. Several indices, including the S&P Bse FMCG and NIFTY FMCG, hit new 52-week lows, highlighting sector-specific pressures that Maxgrow India Ltd has managed to sidestep.

Over the past year, Maxgrow India Ltd’s stock price has remained flat with a 0.00% return, compared to the Sensex’s 3.92% gain. The stock’s 52-week low stands at Rs.1.22, illustrating the significant appreciation it has experienced to reach the current high. This wide price range reflects a period of volatility and transformation for the company’s shares.

Mojo Score and Rating Upgrade

Maxgrow India Ltd currently holds a Mojo Score of 60.0, categorised as a Hold rating. This represents an upgrade from its previous Sell rating, which was revised on 1 Oct 2025. The company’s Market Cap Grade is 4, indicating a mid-tier market capitalisation relative to its peers. The rating upgrade aligns with the recent price strength and improved market perception.

Price Stability and Trading Patterns

The stock’s price stability at the new high is notable, with no intraday range observed on the day it hit Rs.60.38. This suggests a strong consensus on value at this level among market participants. The stock’s ability to maintain this price without significant retracement points to a consolidation phase that could underpin future price movements.

Although the stock did not trade on three days in the last twenty, the recent sessions have seen consistent buying interest. This pattern of selective trading days combined with strong gains indicates a focused accumulation by investors who are confident in the stock’s current valuation.

Summary of Key Metrics

To summarise, Maxgrow India Ltd’s key trading metrics as of 2 Feb 2026 are:

• New 52-week high: Rs.60.38
• Day’s gain: 4.99%
• Consecutive two-day gain: 10.22%
• Outperformance vs sector: 4.64%
• Mojo Score: 60.0 (Hold rating)
• Market Cap Grade: 4
• Previous rating: Sell (upgraded on 1 Oct 2025)
• 52-week low: Rs.1.22

These figures highlight the stock’s recent strength and the market’s recognition of its improved standing.

Broader Market Technicals

While Maxgrow India Ltd is trading comfortably above all major moving averages, the Sensex itself is positioned below its 50-day moving average, though the 50-day remains above the 200-day average. This mixed technical backdrop emphasises Maxgrow India Ltd’s relative outperformance in a market that is experiencing some short-term pressure.

Conclusion

Maxgrow India Ltd’s achievement of a new 52-week high at Rs.60.38 marks a significant milestone in its stock price journey. Supported by strong momentum, technical strength, and a recent upgrade in rating, the stock has demonstrated resilience amid a challenging market environment. The sustained gains over consecutive sessions and outperformance relative to its sector underscore the stock’s current positive trajectory.

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