Intraday Trading Highlights
On 3 Feb 2026, MSP Steel & Power Ltd opened with a significant gap up of 5.88%, signalling strong buying interest early in the session. The stock maintained upward momentum throughout the day, eventually touching an intraday peak of Rs 31.97, representing a 9.98% gain from its previous close. By the end of trading, the stock settled with a day change of 7.64%, substantially outperforming the Sensex, which gained 2.83% on the same day.
The stock’s performance also outpaced its sector peers in Iron & Steel Products, where the Steel/Sponge Iron/Pig Iron segment rose by 2.98%. MSP Steel & Power Ltd’s gain was 4.75 percentage points higher than the sector’s daily advance, underscoring its relative strength in the current market environment.
Technical Positioning and Moving Averages
From a technical perspective, MSP Steel & Power Ltd’s price closed above its 5-day moving average, indicating short-term positive momentum. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that the stock is still navigating resistance levels on longer timeframes. This mixed technical picture reflects a potential shift in trend after recent declines, with the intraday high signalling renewed interest among traders.
Market Context and Sector Dynamics
The broader market on 3 Feb 2026 saw the Sensex open sharply higher by 3,656.74 points but subsequently lose momentum, falling by 1,344.40 points to trade at 83,978.80, a 2.83% gain on the day. The Sensex remains 2.6% below its 52-week high of 86,159.02. Notably, mega-cap stocks led the market rally, supporting the overall positive sentiment despite the intraday volatility.
Within this environment, the Iron & Steel Products sector demonstrated resilience, with the Steel/Sponge Iron/Pig Iron segment gaining 2.98%. MSP Steel & Power Ltd’s outperformance within this sector highlights its active trading interest and relative strength compared to peers.
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Performance Trends Over Various Timeframes
Examining MSP Steel & Power Ltd’s performance over multiple periods reveals a mixed trend. The stock has gained 10.37% over the past week, outperforming the Sensex’s 2.59% rise. However, over the last month, the stock declined by 15.32%, significantly underperforming the Sensex’s modest 2.08% fall. The three-month and one-year performances also show negative returns of 6.65% and 6.76% respectively, compared to the Sensex’s flat and positive 8.80% returns.
Year-to-date, MSP Steel & Power Ltd has declined 16.67%, while the Sensex has fallen 1.46%. Despite these recent setbacks, the stock’s longer-term performance remains strong, with gains of 245.75% over three years and 333.98% over five years, substantially outpacing the Sensex’s respective returns of 38.03% and 67.10%. Over a decade, the stock has risen 172.09%, compared to the Sensex’s 246.69%.
Mojo Score and Rating Update
MSP Steel & Power Ltd currently holds a Mojo Score of 26.0, categorised as a Strong Sell. This represents a downgrade from its previous Sell rating, effective from 19 Jan 2026. The company’s Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation within the Iron & Steel Products sector. These ratings provide a comprehensive assessment of the stock’s quality and market positioning as of early February 2026.
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Summary of Trading Action and Market Implications
MSP Steel & Power Ltd’s strong intraday surge on 3 Feb 2026 reflects a notable rebound after two days of declines, with the stock outperforming both its sector and the broader market. The gap up opening and sustained buying interest throughout the session contributed to the stock reaching its highest level of the day at Rs 31.97, a near 10% increase from the previous close.
While the stock remains below several key moving averages, the short-term momentum indicated by its position above the 5-day moving average suggests active trading interest. The broader market’s mixed performance, with the Sensex gaining but losing momentum after a strong opening, provides a backdrop of cautious optimism. Within this context, MSP Steel & Power Ltd’s relative strength in the Iron & Steel Products sector stands out.
Investors and market participants may note the stock’s recent rating downgrade to Strong Sell and its current Mojo Score, which reflect ongoing assessments of its fundamentals and market position. Nonetheless, the intraday price action on 3 Feb 2026 highlights a day of significant trading activity and price recovery for MSP Steel & Power Ltd.
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