Intraday Trading Highlights
The stock opened with a notable gap up of 3.64%, setting a positive tone for the trading session. It continued to gain traction throughout the day, eventually touching an intraday peak of Rs 159, representing an 8.05% rise. This intraday high was accompanied by a day change of 7.61%, underscoring the stock’s strong upward movement relative to its previous close.
In comparison, the Specialty Chemicals sector gained 4.04% during the same period, while the Sensex closed with a 2.85% increase. S H Kelkar & Company Ltd outperformed the sector by 3.57% and the Sensex by 5.34%, highlighting its relative strength in the current market environment.
Recent Performance and Moving Averages
The stock has been on a positive streak, registering gains for two consecutive days and delivering a cumulative return of 10.62% over this period. Despite this recent rally, the stock remains below its longer-term moving averages, trading higher than its 5-day moving average but still below the 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that while short-term momentum is positive, the stock has yet to break through key resistance levels defined by these longer-term averages.
Market capitalisation metrics assign the stock a grade of 3, indicating a mid-tier valuation within its peer group. The company’s Mojo Score currently stands at 28.0, with a Mojo Grade of Strong Sell, reflecting a recent downgrade from Sell on 12 Jan 2026. This downgrade signals caution from the rating system despite the stock’s intraday strength.
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Sector and Market Context
The Specialty Chemicals sector, to which S H Kelkar & Company Ltd belongs, has shown a solid performance with a 4.04% gain on the day. This sectoral strength has supported the stock’s upward movement. However, the broader market displayed some volatility. The Sensex opened sharply higher by 3,656.74 points but lost momentum to close 1,332.90 points lower, settling at 83,990.30, a 2.85% gain on the day. The index remains 2.58% below its 52-week high of 86,159.02.
Technical indicators for the Sensex show it trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling a mixed medium-term trend. Mega-cap stocks led the market gains, contributing to the Sensex’s overall positive close.
Comparative Performance Over Various Timeframes
While the stock’s intraday and short-term performance has been strong, longer-term returns paint a more nuanced picture. Over the past week, S H Kelkar & Company Ltd has gained 11.33%, significantly outperforming the Sensex’s 2.61% rise. However, over the past month, the stock has declined by 12.00%, compared to the Sensex’s modest 2.06% fall.
Extending the horizon further, the stock has underperformed the benchmark index over three months (-29.29% vs 0.02%), one year (-22.85% vs 8.82%), and year-to-date (-11.09% vs -1.44%). Over three, five, and ten-year periods, the stock’s returns have lagged the Sensex, with the most pronounced divergence over ten years where the stock declined by 36.29% while the Sensex surged 246.75%.
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Summary of Trading Action
On 3 Feb 2026, S H Kelkar & Company Ltd demonstrated strong intraday momentum, driven by a gap-up opening and sustained buying interest that pushed the stock to an intraday high of Rs 159. The stock’s performance outpaced both its sector and the broader market, despite the Sensex’s volatile session. The recent upgrade in trading momentum contrasts with the company’s current Mojo Grade of Strong Sell, reflecting a divergence between short-term price action and longer-term fundamental assessments.
Technical positioning shows the stock gaining above its 5-day moving average, signalling short-term strength, but it remains below key longer-term averages, indicating that further confirmation would be required to establish a sustained uptrend. The stock’s mid-tier market cap grade and recent rating downgrade suggest that investors should consider these factors alongside the current price action.
Overall, the day’s trading session for S H Kelkar & Company Ltd was marked by a significant intraday rally, with the stock outperforming its peers and the benchmark index, reflecting a notable shift in market sentiment for the stock within the Specialty Chemicals sector.
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