Shilchar Technologies Ltd Hits Intraday High with 7.26% Surge on 3 Feb 2026

Intraday Trading Highlights

On the trading day, Shilchar Technologies Ltd opened with a significant gap up of 9.67%, signalling strong buying interest from the outset. The stock maintained its upward trajectory throughout the session, eventually touching a peak price of Rs 3,950, representing an 11.08% increase intraday. By close, the stock recorded a day change of 7.26%, outperforming the Electric Equipment sector, which gained 4.33% on the same day.

The stock’s performance also eclipsed the Sensex, which closed down by 2.76% at 83,920.05 points after losing momentum from an initial gap up opening. Despite the broader market’s retreat, Shilchar Technologies Ltd sustained its gains, highlighting its relative strength within the sector and market.

Recent Performance and Moving Averages

Shilchar Technologies Ltd has been on a positive run, registering gains for two consecutive days and delivering a cumulative return of 19.57% over this period. The stock’s current price stands above its 5-day, 20-day, and 50-day moving averages, indicating short- to medium-term bullish momentum. However, it remains below its 100-day and 200-day moving averages, suggesting some resistance at longer-term levels.

Comparatively, the Sensex is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, reflecting a mixed technical backdrop for the broader market. Mega-cap stocks led the market rally, but Shilchar Technologies Ltd’s performance was notable given the sector-specific gains and its own intraday strength.

Sector and Market Context

The Other Electrical Equipment sector, to which Shilchar Technologies Ltd belongs, recorded a gain of 4.33% on the day, supported by the stock’s strong performance. This sector outpaced the broader market, which saw the Sensex retreat by 2.76% after an initial surge. The Sensex remains 2.67% below its 52-week high of 86,159.02, reflecting some caution among investors despite pockets of strength.

Shilchar Technologies Ltd’s Mojo Score currently stands at 36.0, with a Mojo Grade of Sell, downgraded from Hold on 6 Oct 2025. The company holds a Market Cap Grade of 3, indicating a mid-tier market capitalisation relative to its peers. Despite the downgrade, the stock’s recent price action has been resilient, as evidenced by its outperformance over the past week and intraday gains.

Performance Comparison Over Various Periods

Examining Shilchar Technologies Ltd’s returns relative to the Sensex reveals a mixed trend. The stock outperformed the Sensex over the last day and week, delivering 6.26% and 29.32% returns respectively, compared to the Sensex’s 2.67% and 2.43% gains. However, over longer periods such as one month (-1.61% vs. -2.23%), three months (-13.80% vs. -0.16%), and one year (-6.03% vs. 8.63%), the stock lagged the benchmark index.

Year-to-date, Shilchar Technologies Ltd’s performance is slightly better than the Sensex, with a decline of 1.21% against the index’s 1.61% fall. Over the longer term, the stock has delivered exceptional returns, with a three-year gain of 806.11%, five-year gain of 4,816.47%, and a ten-year gain of 4,869.82%, far surpassing the Sensex’s respective returns of 37.81%, 66.84%, and 246.15%.

Technical Indicators and Trading Action

From a technical perspective, the stock’s position above its short- and medium-term moving averages suggests positive momentum in the near term. The gap up opening and sustained intraday gains reflect strong demand from traders and investors during the session. However, the stock’s inability to surpass its 100-day and 200-day moving averages indicates potential resistance levels that may cap further immediate upside.

The broader market’s retreat after an initial surge contrasts with Shilchar Technologies Ltd’s steady advance, highlighting its relative strength within the Other Electrical Equipment sector. This divergence underscores the stock’s capacity to buck wider market trends on days of volatility.

Summary of Key Metrics

To summarise, Shilchar Technologies Ltd’s key intraday and recent performance metrics include:

• Intraday high of Rs 3,950, up 11.08%
• Day change of 7.26%, outperforming sector gain of 4.33%
• Opened with a gap up of 9.67%
• Two consecutive days of gains, with 19.57% returns over this period
• Positioned above 5-day, 20-day, and 50-day moving averages
• Mojo Score of 36.0 and Mojo Grade downgraded to Sell on 6 Oct 2025
• Market Cap Grade of 3

These figures illustrate the stock’s strong intraday performance and recent positive momentum despite a cautious broader market environment.

Market Environment and Sector Dynamics

The Sensex’s decline of 2.76% on the day, despite an initial gap up of 3,656.74 points, reflects a market grappling with profit-taking and volatility. The index remains close to its 52-week high but is trading below its 50-day moving average, signalling some near-term uncertainty. Mega-cap stocks led the market rally earlier in the session, but the overall market tone softened as the day progressed.

Within this context, the Other Electrical Equipment sector’s 4.33% gain and Shilchar Technologies Ltd’s outperformance stand out as pockets of strength. The sector’s relative resilience may be attributed to specific industry factors or company-level developments that supported buying interest during the session.

Conclusion

Shilchar Technologies Ltd’s strong intraday performance on 3 Feb 2026, marked by an 11.08% intraday high and a 7.26% closing gain, highlights its ability to outperform both its sector and the broader market. The stock’s technical positioning above key short- and medium-term moving averages and its recent consecutive gains underscore positive momentum. While the broader market experienced volatility and a decline, Shilchar Technologies Ltd maintained its upward trajectory, reflecting robust trading action within the Other Electrical Equipment industry.

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