Intraday Price Movement and Trading Dynamics
On the trading day, Poly Medicure Ltd opened with a significant gap up of 6.74%, signalling early bullish sentiment among market participants. The stock continued to gain momentum throughout the session, eventually touching its intraday peak at Rs 1,570.55, representing an 8.23% rise. This intraday high was accompanied by a day change of 8.05%, underscoring the strength of the rally.
The stock’s performance was particularly notable when compared to the broader Healthcare Services sector, which recorded a gain of 4.85% in the Medical Equipment, Supplies, and Accessories segment. Poly Medicure Ltd outperformed its sector peers by 3.2% on the day, highlighting its relative strength within the industry.
Additionally, the stock reversed a two-day consecutive decline, signalling a potential shift in short-term trend dynamics. Despite this strong intraday surge, the stock price remains above its 5-day moving average but continues to trade below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating that while short-term momentum has improved, longer-term trend resistance levels remain intact.
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Comparative Market and Sector Context
Poly Medicure Ltd’s intraday gains came amid a mixed market backdrop. The Sensex opened sharply higher by 3,656.74 points but lost momentum to close down by 1,474.95 points, settling at 83,848.25, a 2.67% decline on the day. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 2.76% away.
The broader market’s volatility contrasts with Poly Medicure Ltd’s strong outperformance, as the stock gained 7.03% compared to the Sensex’s 2.71% rise over the same one-day period. Over the past week, the stock’s performance of 2.34% slightly lagged the Sensex’s 2.48%, while longer-term trends show the stock underperforming the benchmark over one month (-12.19% vs. -2.19%), three months (-18.90% vs. -0.11%), and year-to-date (-12.54% vs. -1.57%).
Despite recent underperformance, Poly Medicure Ltd’s three-year and five-year returns remain robust at 80.17% and 206.70% respectively, significantly outpacing the Sensex’s 37.87% and 66.91% gains over the same periods. Over a decade, the stock has delivered an impressive 867.39% return, well above the Sensex’s 246.29%.
Mojo Score and Market Capitalisation Insights
Poly Medicure Ltd currently holds a Mojo Score of 37.0, categorised as a Sell grade, reflecting a downgrade from its previous Hold rating on 28 May 2025. The company’s market capitalisation grade stands at 3, indicating a mid-tier valuation relative to its peers. These metrics provide a quantitative backdrop to the stock’s recent price action and trading behaviour.
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Sectoral Performance and Trading Environment
The Medical Equipment, Supplies, and Accessories sector, to which Poly Medicure Ltd belongs, recorded a gain of 4.85% on the day, reflecting broad-based buying interest in healthcare-related stocks. Poly Medicure Ltd’s outperformance relative to this sector benchmark highlights its distinct trading strength during the session.
From a technical perspective, the stock’s position above its 5-day moving average suggests short-term bullish momentum, although the resistance posed by longer-term moving averages remains a factor to monitor in subsequent sessions. The gap up opening and sustained intraday gains indicate active demand and positive price discovery among traders.
Summary of Trading Action
Poly Medicure Ltd’s intraday high of Rs 1,570.55 and an 8.23% price increase represent a marked improvement in trading sentiment following two days of declines. The stock’s ability to outperform both its sector and the broader market indices on a day when the Sensex experienced volatility underscores its relative strength within the Healthcare Services space.
While the stock’s Mojo Grade remains at Sell, the immediate price action reflects a notable rebound and increased buying interest. Market participants will likely continue to observe the stock’s movement relative to key moving averages and sector trends to gauge the sustainability of this rally.
Market Overview
The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex, which despite a strong gap up opening, ended the day lower by 2.67%. Mega-cap stocks led the market, but the overall index remains below its 50-day moving average, though the 50DMA itself is positioned above the 200DMA, indicating a mixed technical picture.
In this context, Poly Medicure Ltd’s strong intraday performance stands out as a significant development within the Healthcare Services sector, which has shown resilience amid broader market fluctuations.
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