Strong Rally Drives New High
On 23 Jan 2026, Shricon Industries Ltd recorded an intraday peak at Rs.228, marking its highest price level in the past year. The stock opened with a notable gap up of 4.83% and maintained this elevated price throughout the trading session. This performance outpaced the NBFC sector by 4.96%, underscoring the stock’s relative strength amid a broadly stable market environment.
The stock has demonstrated consistent upward movement, registering gains for three consecutive trading days and delivering a cumulative return of 5.83% during this period. This sustained positive trend has propelled Shricon Industries Ltd well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum.
Comparative Market Context
While the broader Sensex index opened flat and showed marginal gains of 0.02% to trade at 82,320.09, it remains 4.66% shy of its own 52-week high of 86,159.02. Mid-cap stocks led the market rally with the BSE Mid Cap index advancing 0.25% on the day. Against this backdrop, Shricon Industries Ltd’s 18.26% return over the past year notably outperformed the Sensex’s 7.55% gain, highlighting the stock’s relative resilience and appeal within its sector.
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Mojo Score and Rating Upgrade
Shricon Industries Ltd currently holds a Mojo Score of 50.0, reflecting a Hold rating. This represents an upgrade from its previous Sell rating, which was revised on 19 Jan 2026. The company’s Market Cap Grade stands at 4, indicating a moderate market capitalisation relative to its peers. This rating adjustment aligns with the recent price appreciation and improved market sentiment surrounding the stock.
Price Range and Historical Performance
The stock’s 52-week low was recorded at Rs.122.55, illustrating a substantial appreciation of approximately 86% from its lowest point to the current high of Rs.228. This wide price range over the past year emphasises the stock’s volatility but also its capacity for significant upward movement. The recent rally has firmly established Shricon Industries Ltd as a notable outperformer within the NBFC sector.
Technical Indicators and Trading Activity
Technical analysis reveals that Shricon Industries Ltd is trading comfortably above all major moving averages, a bullish indicator that often precedes further price strength. The stock’s ability to open with a gap up and sustain the high price level throughout the day suggests strong buying interest and confidence among market participants. The day’s high of Rs.228 was maintained without significant retracement, signalling robust demand.
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Sectoral and Market Implications
Shricon Industries Ltd’s performance stands out within the NBFC sector, which has seen mixed results in recent months. The stock’s ability to outperform its sector by nearly 5% on the day of the new high is indicative of underlying strength. This outperformance is particularly noteworthy given the broader market’s cautious stance, with the Sensex trading below its 50-day moving average despite the 50DMA itself remaining above the 200DMA, signalling a complex market phase.
Summary of Key Metrics
To summarise, Shricon Industries Ltd’s key metrics as of 23 Jan 2026 are:
- New 52-week high: Rs.228
- Day’s gain: 4.83%
- Consecutive gains over 3 days: 5.83% total return
- Mojo Score: 50.0 (Hold rating)
- Previous rating: Sell (upgraded on 19 Jan 2026)
- Market Cap Grade: 4
- 52-week low: Rs.122.55
- One-year return: 18.26% vs Sensex 7.55%
The stock’s recent price action and technical positioning underscore a period of strong momentum and renewed investor confidence within the NBFC space.
Conclusion
Shricon Industries Ltd’s ascent to a new 52-week high of Rs.228 marks a significant milestone in its market journey. Supported by consecutive gains, a favourable upgrade in rating, and outperformance relative to both its sector and the broader market, the stock has demonstrated notable strength. Its position above all major moving averages further reinforces the positive technical outlook. While the broader market remains cautious, Shricon Industries Ltd’s performance highlights its capacity to deliver robust returns within the NBFC sector.
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