Rajoo Engineers Ltd Hits Intraday High with 7.06% Surge on 3 Feb 2026

Intraday Trading Highlights

Rajoo Engineers Ltd opened the day with a significant gap up of 5.65%, signalling strong buying interest from the outset. The stock maintained upward momentum throughout the session, ultimately touching a peak of Rs 64.77, representing an 8.62% rise intraday. By close, the stock recorded a day change of 7.06%, outperforming the Plastic Products sector, which gained 2.36%, and the Sensex, which rose 2.86% on the day.

This performance marked a reversal after two consecutive days of decline, indicating a shift in trading sentiment. The stock’s price remained above its 5-day moving average, although it continued to trade below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while short-term momentum is positive, longer-term trends remain subdued.

Sector and Market Context

The Industrial Manufacturing sector, to which Rajoo Engineers belongs, saw mixed activity with the Plastic Products segment gaining 2.36%. Meanwhile, the broader market experienced volatility. The Sensex opened sharply higher by 3,656.74 points but lost momentum, falling by 1,366.52 points to close at 83,956.68, down 2.8% from its intraday peak. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 2.62% away.

Market breadth was led by mega-cap stocks, which supported the Sensex’s gains earlier in the session. The index is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a cautiously positive medium-term trend.

Performance Metrics and Trend Analysis

Rajoo Engineers Ltd’s one-day gain of 6.62% notably outperformed the Sensex’s 2.86% rise. However, the stock’s performance over longer periods remains under pressure. Over one week, the stock declined by 0.90%, compared to the Sensex’s 2.62% gain. The one-month performance shows a 2.09% drop versus a 2.05% decline in the Sensex, while the three-month figure reveals a steep 27.46% fall against a flat Sensex performance.

Year-on-year, Rajoo Engineers has declined by 59.49%, contrasting with the Sensex’s 8.83% gain. Year-to-date, the stock is down 0.89%, slightly underperforming the Sensex’s 1.43% decline. Despite recent setbacks, the stock has delivered substantial long-term returns, with three-year, five-year, and ten-year gains of 349.33%, 520.29%, and 666.02% respectively, far exceeding the Sensex’s corresponding returns of 38.07%, 67.15%, and 246.79%.

Mojo Score and Market Capitalisation

Rajoo Engineers currently holds a Mojo Score of 43.0, categorised as a Sell grade as of 1 Feb 2025, downgraded from a previous Hold rating. The company’s market capitalisation grade stands at 3, reflecting its mid-tier market cap status within the Industrial Manufacturing sector. These metrics provide a quantitative backdrop to the stock’s recent price movements and trading activity.

Summary of Trading Action

Rajoo Engineers Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a decisive gap up opening and sustained buying pressure that pushed the stock to its highest level of the day at Rs 64.77. This surge outpaced both its sector peers and the broader market indices, signalling a notable shift in trading dynamics after a brief period of decline.

While the stock remains below several key moving averages, the short-term momentum reflected in its position above the 5-day moving average and the day’s strong gains suggests active interest among traders. The broader market’s mixed performance, with the Sensex retreating after an initial surge, highlights the stock’s relative strength within its sector and the industrial manufacturing space.

Overall, Rajoo Engineers Ltd’s intraday high and 7.06% day change underscore a significant rebound in trading activity, providing a clear snapshot of the stock’s current market positioning and investor response on the day.

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