Religare Enterprises Ltd Hits Intraday High with 7.07% Surge on 3 Feb 2026

Intraday Trading Highlights

Religare Enterprises Ltd opened the trading session with a gap-up of 2.89%, signalling early bullish sentiment among market participants. The stock maintained upward momentum throughout the day, eventually touching an intraday peak of Rs 252.85, representing a 7.34% gain. By the close, the stock recorded a day change of 7.07%, significantly outperforming the Sensex, which gained 2.83% on the day.

The stock’s performance also exceeded the Finance/NBFC sector’s gain of 3.67%, outperforming the sector by 2.99%. This marks the second consecutive day of gains for Religare Enterprises Ltd, with a cumulative return of 11.64% over this period, reflecting sustained buying interest and positive price action.

Technical Positioning and Moving Averages

From a technical perspective, Religare Enterprises Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests a strong upward trend and positive price momentum across multiple time frames. The stock’s ability to hold above these averages often indicates resilience and potential for continued strength in the near term.

In contrast, the Sensex, while gaining 2.83%, is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating a mixed technical backdrop for the broader market. Mega-cap stocks led the market rally, but Religare Enterprises Ltd’s outperformance within the NBFC sector highlights its relative strength.

Relative Performance Over Various Time Frames

Examining Religare Enterprises Ltd’s performance relative to the Sensex over multiple periods reveals a mixed but generally positive trend. The stock outperformed the Sensex over the last day (7.41% vs 2.83%), one week (13.02% vs 2.59%), and one month (1.48% vs -2.08%). However, over the three-month horizon, the stock declined by 5.01%, while the Sensex remained flat.

Longer-term returns show a more nuanced picture: over one year, Religare Enterprises Ltd gained 6.35%, trailing the Sensex’s 8.80%. Year-to-date, the stock is up 2.26%, outperforming the Sensex’s negative 1.46%. Over three and five years, the stock has delivered substantial gains of 59.97% and 281.31% respectively, well ahead of the Sensex’s 38.03% and 67.10%. However, the ten-year return remains negative at -15.96%, contrasting with the Sensex’s strong 246.69% growth.

Mojo Score and Rating Update

Religare Enterprises Ltd currently holds a Mojo Score of 31.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 12 Jan 2026. The company’s Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation within the NBFC sector. These metrics provide a quantitative assessment of the stock’s quality and market standing, complementing the observed price action.

Sector and Market Context

The NBFC sector, to which Religare Enterprises Ltd belongs, has gained 3.67% on the day, supported by broader financial sector strength. Despite the Sensex’s initial gap-up of 3,656.74 points, the benchmark index lost momentum and declined by 1,344.40 points during the session, closing at 83,978.80. The Sensex remains 2.6% below its 52-week high of 86,159.02, indicating some caution among investors at elevated levels.

Within this environment, Religare Enterprises Ltd’s strong intraday performance stands out, particularly given the broader market’s mixed technical signals. The stock’s ability to outperform both its sector and the Sensex highlights its current market strength.

Summary of Trading Action

Religare Enterprises Ltd’s strong intraday surge to Rs 252.85 reflects a significant positive shift in trading dynamics. The stock’s gap-up opening and sustained gains throughout the session indicate robust demand. Its outperformance relative to the Sensex and NBFC sector, combined with favourable technical positioning above all major moving averages, underscores the stock’s current strength in the market.

While the broader market showed signs of volatility and profit-taking after an initial rally, Religare Enterprises Ltd maintained upward momentum, suggesting focused buying interest in this NBFC stock. The recent two-day consecutive gains and double-digit returns over this short period further highlight the stock’s positive price trajectory.

Conclusion

On 3 Feb 2026, Religare Enterprises Ltd delivered a notable intraday performance, reaching a high of Rs 252.85 and closing with a 7.07% gain. This performance outpaced both its sector and the broader market, supported by strong technical indicators and sustained buying pressure. The stock’s recent price action and relative strength within the NBFC sector provide a clear indication of its current market momentum.

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