Siyaram Silk Mills Ltd Hits Intraday High with 9.96% Surge on 3 Feb 2026

Intraday Trading Highlights

The stock opened sharply higher with a gap-up of 12.22%, signalling strong buying interest from the outset. Throughout the trading session, Siyaram Silk Mills Ltd maintained upward momentum, touching a peak price of Rs 575.5, representing a 13.3% gain intraday. By the close, the stock had settled with a day change of 9.96%, significantly outperforming the Garments & Apparels sector, which gained 2.46% on the day.

This surge also eclipsed the broader market’s performance, with the Sensex rising by 2.67% during the session. Notably, Siyaram Silk Mills Ltd outperformed the Sensex by 6.7 percentage points on the day, underscoring its strong relative strength in a market that saw some volatility after an initial gap-up opening.

Technical Positioning and Moving Averages

From a technical perspective, the stock’s price closed above its 5-day moving average, indicating short-term positive momentum. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while the immediate trend is positive, the medium to long-term trend has yet to confirm a sustained recovery. This positioning reflects a potential trend reversal after two consecutive days of decline, with today’s gains marking a notable rebound.

Sector and Market Context

The Garments & Apparels sector, to which Siyaram Silk Mills Ltd belongs, recorded a moderate gain of 2.46% on the day, indicating sector-wide positive sentiment. Despite this, Siyaram Silk Mills Ltd’s performance was markedly stronger, outperforming the sector by 7.5%. This outperformance highlights the stock’s distinct trading action relative to its peers.

Meanwhile, the broader market experienced a volatile session. The Sensex opened with a substantial gap-up of 3,656.74 points but later ceded 1,474.95 points, closing at 83,848.25. The index remains 2.76% below its 52-week high of 86,159.02. Technical indicators show the Sensex trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling mixed medium-term market conditions. Mega-cap stocks led the market gains, contributing to the Sensex’s overall positive close.

Performance Metrics Over Various Timeframes

Despite today’s strong intraday gains, Siyaram Silk Mills Ltd’s recent performance over longer periods remains subdued relative to the Sensex. The stock’s one-week return stands at -0.27%, trailing the Sensex’s 2.52% gain. Over one month, the stock has declined by 12.84%, significantly underperforming the Sensex’s modest 2.15% loss. The three-month performance shows a sharper decline of 28.18%, compared to the Sensex’s near flat performance (-0.07%).

Year-to-date, Siyaram Silk Mills Ltd has fallen 12.25%, while the Sensex has declined by 1.52%. Over the past year, the stock’s performance is down 26.08%, contrasting with the Sensex’s positive 8.73% gain. These figures illustrate the stock’s ongoing challenges in regaining sustained upward momentum despite today’s rebound.

Long-Term Performance Context

Looking further back, Siyaram Silk Mills Ltd has delivered strong returns over multi-year horizons. The three-year return is 12.72%, though this lags the Sensex’s 37.93% gain over the same period. Over five years, the stock has appreciated by 172.04%, substantially outperforming the Sensex’s 66.99% gain. However, over ten years, Siyaram Silk Mills Ltd’s 165.29% return trails the Sensex’s 246.45% advance, reflecting varying performance cycles.

Mojo Score and Ratings Update

According to MarketsMOJO’s latest assessment dated 28 Jan 2026, Siyaram Silk Mills Ltd holds a Mojo Score of 28.0, categorised as a Strong Sell. This represents a downgrade from its previous Sell rating, indicating a deterioration in the stock’s overall quality and outlook metrics as evaluated by the platform. The company’s market cap grade stands at 3, reflecting its mid-tier capitalisation within the Garments & Apparels sector.

Summary of Today’s Trading Action

In summary, Siyaram Silk Mills Ltd’s strong intraday performance on 3 Feb 2026 stands out amid a volatile market environment. The stock’s 9.96% gain and intraday high of Rs 575.5 reflect a significant rebound after two days of declines. Its outperformance relative to both the Garments & Apparels sector and the Sensex highlights notable trading interest and momentum during the session.

While the stock’s technical positioning shows short-term strength, it remains below key longer-term moving averages, indicating that broader trend confirmation is pending. The downgrade to a Strong Sell rating by MarketsMOJO further underscores the challenges the stock faces in sustaining gains over time.

Market participants will likely continue to monitor the stock’s price action closely in the coming sessions to assess whether today’s surge marks a durable shift or a temporary rebound within a longer-term downtrend.

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