Maxgrow India Ltd Hits New 52-Week High at Rs.73.36

Strong Rally and Price Momentum

On 6 February 2026, Maxgrow India Ltd recorded an intraday high of Rs.73.36, representing a 4.99% gain on the day. This advance was accompanied by a gap-up opening, signalling strong demand from the outset of trading. The stock has now posted gains for six consecutive sessions, cumulatively rising by 33.92% during this period. This sustained upward trajectory underscores a pronounced positive sentiment among market participants.

The stock’s performance today notably outpaced the broader BPO/ITeS sector, which declined by 2.74%, highlighting Maxgrow India’s relative strength amid a challenging sector environment. Furthermore, the stock’s current price sits comfortably above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a well-established uptrend across multiple timeframes.

Market Context and Comparative Analysis

While Maxgrow India Ltd has achieved this new high, the broader market has shown a more subdued performance. The Sensex opened flat and traded slightly lower by 0.21%, standing at 83,142.34 points, approximately 3.63% below its own 52-week peak of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, suggesting a mixed technical backdrop for the benchmark index.

Over the past year, Maxgrow India Ltd’s stock price has remained flat, registering a 0.00% return, in contrast to the Sensex’s 6.52% gain over the same period. The stock’s 52-week low was Rs.1.22, illustrating the remarkable recovery and price appreciation it has experienced in recent months to reach the current high.

Mojo Score and Rating Upgrade

Maxgrow India Ltd currently holds a Mojo Score of 60.0, which corresponds to a Mojo Grade of Hold. This represents an upgrade from its previous Sell rating, which was revised on 1 October 2025. The improvement in the rating reflects the stock’s recent positive price action and underlying momentum. The company’s Market Cap Grade stands at 4, indicating a mid-tier market capitalisation relative to other listed entities.

The upgrade in Mojo Grade from Sell to Hold suggests a more favourable view on the stock’s near-term prospects based on quantitative and qualitative factors assessed by MarketsMOJO’s proprietary framework. This rating change aligns with the stock’s recent price strength and technical breakout to new highs.

Technical Indicators and Moving Averages

From a technical perspective, Maxgrow India Ltd’s price action is supported by its position above all major moving averages. Trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages is a strong indication of bullish momentum and trend strength. This alignment of moving averages often acts as a foundation for sustained price advances, as it reflects consistent buying pressure across short, medium, and long-term horizons.

The stock’s ability to maintain gains despite a weakening sector and a broadly flat Sensex further emphasises its relative strength. The BPO/ITeS sector’s decline of 2.74% on the same day contrasts sharply with Maxgrow India’s 4.99% gain, underscoring the stock’s outperformance within its industry grouping.

Price Performance and Historical Context

Maxgrow India Ltd’s journey from its 52-week low of Rs.1.22 to the current high of Rs.73.36 represents a remarkable price appreciation over the past year. Although the stock’s one-year return stands at 0.00%, this figure masks the significant volatility and recent surge that has driven the stock to its new peak. The six-day rally alone has delivered a 33.92% return, highlighting a concentrated period of strong gains.

This price action contrasts with the broader market’s moderate gains and the sector’s decline, positioning Maxgrow India Ltd as a standout performer in recent sessions. The stock’s ability to sustain gains above key technical levels suggests that the current momentum is well supported by market dynamics.

Summary of Key Metrics

To summarise, Maxgrow India Ltd’s key metrics as of 6 February 2026 are:

• New 52-week high: Rs.73.36
• Day’s gain: 4.99%
• Six-day cumulative gain: 33.92%
• Mojo Score: 60.0 (Hold, upgraded from Sell on 1 Oct 2025)
• Market Cap Grade: 4
• Outperformance vs BPO/ITeS sector: +7.78%
• Trading above all major moving averages (5, 20, 50, 100, 200 days)

These figures collectively illustrate a stock that has gained significant traction and is currently exhibiting strong technical and relative strength characteristics.

Conclusion

Maxgrow India Ltd’s achievement of a new 52-week high at Rs.73.36 marks a notable milestone in its trading history. The stock’s sustained rally over the past six days, combined with its outperformance relative to sector peers and the broader market, reflects a robust momentum phase. Supported by an upgraded Mojo Grade and positive technical indicators, Maxgrow India Ltd stands out as a stock demonstrating considerable price strength amid a mixed market environment.

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