Sky Gold & Diamonds Ltd Hits Intraday High with 7.03% Surge on 3 Feb 2026

Intraday Trading Highlights

The stock opened with a significant gap up, rising 4.88% at the start of the trading session. Throughout the day, it maintained upward momentum, eventually touching its peak at Rs 325.7, representing a 7.42% gain. By the close, Sky Gold & Diamonds Ltd recorded a day change of 7.03%, outperforming the Sensex which gained 2.51% on the same day.

Compared to its sector peers in the Diamond & Gold Jewellery industry, which collectively gained 2.62%, the stock’s performance was markedly stronger, outperforming the sector by 3.79%. This outperformance highlights the stock’s relative strength within its industry group during the trading session.

Technical Positioning and Moving Averages

From a technical standpoint, Sky Gold & Diamonds Ltd’s price remains above its 5-day, 20-day, and 200-day moving averages, signalling short- and long-term support levels holding firm. However, it continues to trade below its 50-day and 100-day moving averages, indicating some resistance in the medium term. This mixed moving average positioning suggests that while the stock is showing immediate strength, it faces technical hurdles that may influence near-term price action.

Market Context and Sector Activity

The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex session. The index opened sharply higher by 3,656.74 points but lost momentum, retreating by 1,610.24 points to close at 83,712.96, down 2.51% from its intraday peak. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 2.92% away, with mega-cap stocks leading the market gains.

Within this context, Sky Gold & Diamonds Ltd’s strong intraday surge stands out as a notable exception to the broader market’s retracement, underscoring the stock’s resilience amid mixed market conditions.

Performance Comparison Over Various Timeframes

Examining Sky Gold & Diamonds Ltd’s recent performance relative to the Sensex reveals a mixed trend. The stock outperformed the Sensex over the past day and week, with gains of 6.86% and 2.86% respectively, compared to the Sensex’s 2.49% and 2.26% over the same periods. However, over the one-month and three-month horizons, the stock underperformed, declining by 2.83% and 9.37%, while the Sensex fell by 2.40% and 0.33% respectively.

Longer-term performance shows a more pronounced divergence. Over one year, Sky Gold & Diamonds Ltd declined by 6.72%, contrasting with the Sensex’s 8.44% gain. Year-to-date, the stock is down 2.85%, slightly lagging the Sensex’s 1.78% decline. Despite these recent setbacks, the stock’s three- and five-year returns remain exceptional, with gains of 1,032.27% and 3,470.25% respectively, far exceeding the Sensex’s 37.58% and 66.55% over the same periods.

Mojo Score and Rating Update

Sky Gold & Diamonds Ltd currently holds a Mojo Score of 67.0, categorised as a Hold rating. This represents a downgrade from its previous Buy rating, which was revised on 1 Feb 2026. The company’s Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation within the gems and jewellery sector. These metrics provide a snapshot of the stock’s current standing in terms of quality and market perception.

Sector and Industry Dynamics

The Gems, Jewellery and Watches sector, to which Sky Gold & Diamonds Ltd belongs, has shown moderate gains in the current trading session. The Diamond & Gold Jewellery segment’s 2.62% rise indicates steady demand and positive sentiment within the industry. Sky Gold & Diamonds Ltd’s outperformance relative to this sector suggests it is capturing a larger share of investor attention and trading activity today.

Summary of Today’s Trading Action

Sky Gold & Diamonds Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a decisive gap up opening and sustained buying interest that propelled the stock to a 7.42% intraday high. This surge was notably stronger than both the Sensex and its sector peers, underscoring the stock’s relative strength in a session where the broader market lost momentum after an initial rally.

The stock’s positioning above key short- and long-term moving averages, combined with its outperformance against the sector and benchmark indices, highlights a day of significant trading activity and positive price action. While the stock remains below some medium-term moving averages, today’s gains reflect a clear shift in intraday sentiment.

Overall, Sky Gold & Diamonds Ltd’s trading session on 3 Feb 2026 stands out as a strong performance within the gems and jewellery sector, supported by favourable market dynamics and technical factors.

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