Nitin Spinners Ltd Hits Intraday High with 8.6% Surge on 3 Feb 2026

Intraday Trading Dynamics and Price Movement

The stock opened sharply higher with a gap-up of 15.63%, signalling robust buying interest from the outset. Throughout the trading session, Nitin Spinners exhibited high volatility, with an intraday volatility measure of 90.88% calculated from the weighted average price. This elevated volatility underscores the dynamic price swings experienced during the day, culminating in the stock touching its peak at Rs 382.

Despite the strong rally, the stock marginally underperformed its sector, which gained 5.13% on the day. However, Nitin Spinners’ 8.6% day change notably outpaced the Sensex, which closed down by 2.75% at 83,908.64 after losing momentum from an initial gap-up opening of 3,656.74 points.

Technical indicators remain favourable, with the stock trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling sustained upward momentum. This technical positioning supports the strength observed in today’s session and reflects positive medium- to long-term price trends.

Recent Performance Trends and Market Context

Nitin Spinners has recorded consecutive gains over the last two trading days, accumulating a 10.6% return during this period. This recent uptrend contrasts with the broader market’s mixed performance, as the Sensex remains 2.68% below its 52-week high of 86,159.02. While the Sensex trades below its 50-day moving average, the 50DMA itself remains above the 200DMA, indicating a cautiously positive market structure.

Over various time frames, Nitin Spinners’ performance has been mixed relative to the Sensex. Year-to-date, the stock has gained 12.22%, outperforming the Sensex’s decline of 1.50%. Over one month, the stock surged 10.43%, while the Sensex declined by 2.12%. However, on a one-year basis, Nitin Spinners has declined by 11.53%, lagging the Sensex’s 8.76% gain. Longer-term returns remain strong, with three-year and five-year gains of 74.41% and 356.37% respectively, well ahead of the Sensex’s 37.97% and 67.04% over the same periods.

Sector and Market Influences

The Garments & Apparels sector, to which Nitin Spinners belongs, has shown resilience with a 5.13% gain on the day. This sectoral strength contrasts with the broader market’s decline, driven largely by mega-cap stocks leading the Sensex’s 2.75% loss. The textile segment’s positive momentum likely contributed to the stock’s strong intraday performance.

Despite the Sensex’s retreat from its initial gap-up opening, Nitin Spinners maintained upward momentum, reflecting stock-specific factors and sectoral tailwinds. The stock’s market capitalisation grade stands at 3, indicating a mid-tier market cap status within its industry, while its Mojo Score is 50.0 with a Hold grade, upgraded from Sell on 3 November 2025. This recent upgrade may have influenced trading sentiment and contributed to the stock’s price appreciation.

Volatility and Moving Average Analysis

High intraday volatility of 90.88% suggests active trading and significant price fluctuations, which may attract short-term traders seeking to capitalise on momentum. The stock’s position above all major moving averages further confirms its current strength. Trading above the 200-day moving average is often viewed as a positive long-term indicator, while surpassing shorter-term averages such as the 5-day and 20-day suggests immediate bullishness.

These technical factors combined with the stock’s recent consecutive gains and strong intraday surge highlight a robust trading session for Nitin Spinners.

Summary of Key Metrics and Market Position

On 3 February 2026, Nitin Spinners Ltd closed with an 8.6% gain, reaching an intraday high of Rs 382, supported by a 15.63% gap-up opening and sustained buying interest. The stock’s performance outpaced the Sensex’s 2.75% decline and the sector’s 5.13% gain, despite a slight underperformance relative to the sector by 0.55% on the day.

With a Mojo Grade of Hold, upgraded from Sell in November 2025, and a Mojo Score of 50.0, the stock reflects a moderate quality assessment. Its market cap grade of 3 places it in the mid-range category within its industry. The stock’s strong technical positioning above all major moving averages and high intraday volatility underline its active trading status and price momentum.

Longer-term performance remains mixed, with notable gains over three and five years contrasting with a one-year decline. Year-to-date returns are positive at 12.22%, significantly outperforming the Sensex’s negative 1.50% return over the same period.

Overall, Nitin Spinners Ltd’s strong intraday surge and technical strength mark it as a notable performer within the Garments & Apparels sector on this trading day.

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