Intraday Trading Highlights
The stock opened with a substantial gap up of 20%, setting a positive tone for the day’s trading session. Throughout the day, SP Apparels maintained its upward trajectory, touching a peak price of Rs 786.3. This intraday high represents a remarkable 15.99% increase compared to the previous day’s closing price, underscoring strong buying interest and momentum.
In comparison, the Textile sector, to which SP Apparels belongs, recorded a gain of 9.36% on the same day, while the Sensex index, despite an initial gap up of 3,656.74 points, retreated to close 2.68% lower at 83,857.00. This divergence highlights SP Apparels’ outperformance relative to both its sector and the broader market.
Technical Positioning and Moving Averages
SP Apparels is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained upward momentum and a strong trend in the stock’s price action. The stock’s ability to hold above these averages suggests resilience and continued interest from market participants during the trading session.
Meanwhile, the Sensex remains below its 50-day moving average, although the 50-day average itself is positioned above the 200-day average, signalling a longer-term positive trend for the index despite short-term volatility.
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Performance Relative to Benchmarks
SP Apparels’ one-day gain of 19.98% significantly outperformed the Sensex’s 2.68% rise on the same day. Over the past week, the stock has appreciated by 17.64%, compared to the Sensex’s 2.44% increase. The one-month and three-month performances also reflect positive trends, with SP Apparels gaining 11.76% and 10.69% respectively, while the Sensex declined by 2.22% and 0.14% over the same periods.
Year-to-date, SP Apparels has advanced 12.27%, contrasting with the Sensex’s 1.60% decline. However, over the one-year horizon, the stock has recorded a decline of 15.46%, whereas the Sensex posted an 8.64% gain. Longer-term performance remains strong, with three-year and five-year returns of 162.77% and 408.87% respectively, far exceeding the Sensex’s 37.83% and 66.86% gains over the same durations.
Market Capitalisation and Mojo Ratings
SP Apparels holds a Market Cap Grade of 3, reflecting its mid-tier capitalisation status within the garments and apparels sector. The company’s Mojo Score currently stands at 53.0, with a Mojo Grade of Hold as of 24 Nov 2025, following a downgrade from a previous Buy rating. This adjustment indicates a more cautious stance based on recent assessments, despite the stock’s strong intraday performance.
Sector and Market Context
The garments and apparels sector has shown notable strength today, with the Textile sector gaining 9.36%. This sectoral performance contrasts with the broader market’s mixed session, where the Sensex, after an initial surge, lost momentum and closed lower. Mega-cap stocks led the market’s gains, but SP Apparels’ performance stands out as a small cap outperformer within its industry.
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Summary of Trading Action
SP Apparels’ strong intraday performance on 3 Feb 2026 was characterised by a decisive gap up opening and sustained buying pressure throughout the session. The stock’s ability to outperform both its sector and the Sensex index highlights its current market strength. Trading above all major moving averages further reinforces the positive technical outlook for the day.
While the broader market experienced volatility and a pullback after an initial surge, SP Apparels maintained its upward momentum, reflecting focused demand within the garments and apparels sector. This performance adds to the stock’s recent positive trend, as evidenced by its strong weekly and monthly returns relative to the benchmark index.
Conclusion
SP Apparels Ltd. delivered a notable intraday surge, reaching Rs 786.3 and gaining 20% during the trading session. This performance stands out amid a mixed market environment, with the stock outperforming both its sector and the Sensex. The technical indicators and relative strength suggest a robust trading day for the company within the garments and apparels industry.
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