Steel Strips Wheels Ltd Hits Intraday High with 7.0% Surge on 30 Jan 2026

Intraday Trading Highlights

On 30 Jan 2026, Steel Strips Wheels Ltd recorded a significant uptick, touching a day’s high of Rs 203.95, representing a 7.31% gain. The stock closed with a day change of 7.0%, outperforming its sector by 6.4%. This marked a clear rebound following two consecutive days of losses, signalling renewed buying interest during the trading session.

The stock’s performance contrasted sharply with the broader market, as the Sensex opened lower at 81,947.31, down 619.06 points (-0.75%), and was trading at 82,083.51 (-0.58%) during the day. Despite the Sensex’s subdued movement, Steel Strips Wheels Ltd’s share price advanced strongly, highlighting its relative strength within the Auto Components & Equipments sector.

Technical Positioning and Moving Averages

From a technical standpoint, the stock’s price closed above its 5-day, 20-day, and 50-day moving averages, indicating short to medium-term positive momentum. However, it remained below the 100-day and 200-day moving averages, suggesting that longer-term resistance levels have yet to be breached. This mixed technical picture reflects a stock in recovery mode but still facing some headwinds at higher price levels.

The intraday surge and the stock’s ability to outperform the sector and the Sensex on a day when the broader market was under pressure underscores its resilience. The stock’s Mojo Score stands at 37.0 with a Mojo Grade of Sell, upgraded from a previous Strong Sell on 20 Jan 2026, indicating some improvement in underlying metrics despite the cautious rating.

Comparative Performance Analysis

Examining the stock’s recent performance relative to the Sensex reveals a mixed but generally positive trend. Over the past day, Steel Strips Wheels Ltd gained 6.50%, while the Sensex declined by 0.59%. Over one week, the stock surged 12.76% compared to the Sensex’s modest 0.67% gain. The one-month performance also favoured the stock, with a 6.53% rise versus a 3.06% decline in the Sensex.

However, over a three-month horizon, the stock declined by 10.78%, underperforming the Sensex’s 2.75% fall. On a one-year basis, Steel Strips Wheels Ltd posted a 4.06% gain, lagging behind the Sensex’s 6.93% increase. Year-to-date, the stock has risen 4.41%, outperforming the Sensex’s 3.68% decline. Longer-term performance remains strong, with three-year, five-year, and ten-year gains of 53.92%, 252.40%, and 469.82% respectively, significantly outpacing the Sensex’s corresponding returns of 37.95%, 77.34%, and 230.03%.

Market Context and Sector Dynamics

The broader market environment on 30 Jan 2026 was characterised by a cautious mood, with the Sensex trading below its 50-day moving average, although the 50DMA itself remains above the 200DMA, signalling a longer-term uptrend. The Sensex was trading just 4.97% below its 52-week high of 86,159.02, indicating that the market remains relatively close to recent peaks despite short-term volatility.

Within this context, Steel Strips Wheels Ltd’s strong intraday performance stands out, particularly as the Auto Components & Equipments sector faced headwinds. The stock’s ability to outperform its sector peers by 6.4% on the day highlights its relative strength and the impact of specific catalysts driving trading activity.

Mojo Score and Market Capitalisation Insights

Steel Strips Wheels Ltd holds a Mojo Score of 37.0, reflecting a cautious stance with a current Mojo Grade of Sell. This represents an upgrade from a Strong Sell rating issued on 20 Jan 2026, signalling some improvement in the company’s financial and market metrics. The stock’s market capitalisation grade is rated at 3, indicating a mid-tier valuation within its sector.

The upgrade in Mojo Grade, coupled with the strong intraday price action, suggests that the stock is experiencing a phase of recovery after recent setbacks. The trading activity on 30 Jan 2026, with a 7.31% intraday high and a 7.0% day change, confirms a positive shift in market sentiment towards the stock, at least in the short term.

Summary of Key Trading Metrics

To summarise, Steel Strips Wheels Ltd’s trading session on 30 Jan 2026 was marked by:

• Intraday high of Rs 203.95, up 7.31%


• Day change of 7.0%, outperforming sector by 6.4%


• Reversal after two days of consecutive declines


• Price above 5-day, 20-day, and 50-day moving averages


• Mojo Grade upgraded from Strong Sell to Sell on 20 Jan 2026


• Market cap grade of 3 within the Auto Components & Equipments sector

These metrics collectively illustrate a stock that has regained momentum intraday, bucking the broader market’s downward trend and outperforming its sector peers.

Conclusion

Steel Strips Wheels Ltd’s strong intraday performance on 30 Jan 2026, highlighted by a 7.31% surge to Rs 203.95, reflects a notable rebound in trading activity. The stock’s ability to outperform both its sector and the Sensex during a broadly cautious market session underscores its relative strength. While the stock remains below longer-term moving averages, the recent upgrade in Mojo Grade and positive short-term technical signals indicate a phase of recovery and renewed interest among market participants.

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