Intraday Trading Highlights
The stock of One 97 Communications Ltd, a key player in the Financial Technology (Fintech) sector, exhibited significant volatility throughout the trading session. It recorded an intraday low of ₹1,023.3, marking a decline of 10.0% from previous levels, before rebounding sharply to reach its peak at ₹1,170, a 2.9% rise from the weighted average price. This intraday volatility was notably high at 6.41%, reflecting active trading interest and price fluctuations.
Despite the sharp swings, the stock closed with a strong gain of 5.0%, considerably outperforming the sector, which declined by 2.55%, and the Sensex, which fell 0.81% on the day. This marks a reversal after two consecutive days of declines, signalling renewed momentum in the stock’s price action.
Market Context and Sector Performance
The broader market environment was challenging on 1 Feb 2026. The Sensex opened positively, rising 119.19 points, but reversed sharply to close down 849.52 points at 81,539.45, a decline of 0.89%. The index traded below its 50-day moving average, although the 50-day moving average itself remains above the 200-day moving average, indicating mixed technical signals for the market overall.
Within this context, the Financial Technology sector, to which One 97 Communications Ltd belongs, experienced a downturn, falling 2.55%. The stock’s outperformance against both its sector and the broader market highlights its relative strength during a volatile session.
Technical Indicators and Moving Averages
From a technical perspective, One 97 Communications Ltd’s price remains above its 200-day moving average, a long-term positive indicator. However, it is trading below its shorter-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. This positioning suggests that while the stock has underlying long-term support, it is currently navigating resistance levels in the short to medium term.
The intraday price action, with a strong rebound from the day’s low and a close near the high, may indicate a shift in short-term momentum, at least for the session under review.
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Performance Metrics Over Various Timeframes
Examining the stock’s performance over different periods provides further insight into its price trajectory. Over the past week, One 97 Communications Ltd gained 4.65%, outperforming the Sensex’s marginal 0.08% rise. However, the stock has experienced declines over the last month (-7.79%) and three months (-8.86%), both steeper than the Sensex’s respective declines of 3.63% and 3.32%.
On a longer horizon, the stock has delivered substantial gains, with a 54.65% increase over the past year compared to the Sensex’s 6.31% rise. Over three years, the stock’s appreciation stands at 123.76%, significantly outpacing the Sensex’s 37.15% growth. Year-to-date, the stock has declined 8.08%, slightly more than the Sensex’s 4.24% fall.
Mojo Score and Rating Update
One 97 Communications Ltd currently holds a Mojo Score of 68.0, categorised as a Hold grade. This represents a downgrade from its previous Buy rating, which was revised on 24 Dec 2025. The company’s Market Cap Grade is 2, indicating a mid-tier market capitalisation relative to its peers in the Financial Technology sector.
The rating adjustment reflects a reassessment of the stock’s recent performance and technical indicators, aligning with the observed volatility and mixed moving average signals.
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Summary of Trading Action and Market Position
In summary, One 97 Communications Ltd’s strong intraday performance on 1 Feb 2026 stands out against a broadly negative market backdrop. The stock’s 5.0% gain and intraday high of ₹1,170 reflect a notable recovery from earlier losses during the session. Its ability to outperform both the Financial Technology sector and the Sensex amid high volatility underscores its current market resilience.
Technical indicators suggest the stock is supported by its long-term moving average but faces resistance from shorter-term averages. The recent downgrade in rating to Hold aligns with this mixed technical picture and the stock’s recent price fluctuations.
Investors monitoring intraday price movements and volatility may find the stock’s current behaviour noteworthy, particularly given its reversal after two days of decline and relative strength in a falling sector.
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