Intraday Trading Highlights
Steelcast Ltd opened the trading session with a notable gap up of 7.62%, signalling early bullish sentiment among market participants. The stock maintained upward momentum throughout the day, ultimately registering a 12.46% gain by close, reaching Rs 252 at its peak, which represents a 17.4% rise from the previous close. This intraday high was accompanied by substantial volatility, with the weighted average price volatility calculated at 148.03%, underscoring active trading and price fluctuations during the session.
The stock’s performance today outpaced the Castings & Forgings sector by 6.62%, reflecting a robust relative strength in a market environment where the Sensex itself experienced a mixed session. While the Sensex opened sharply higher by 3,656.74 points, it retraced to close down by 1,414.56 points, ending at 83,908.64, a decline of 2.75%. Despite this, Steelcast Ltd’s gains stood in stark contrast, highlighting its resilience amid broader market pressures.
Technical Positioning and Moving Averages
Steelcast Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates a strong upward trend across multiple timeframes, reinforcing the stock’s current bullish trajectory. The sustained gains have contributed to a three-day consecutive rise, during which the stock has appreciated by 31.41%, a significant return over a short period.
Such consistent upward movement, combined with the stock’s ability to hold above critical moving averages, suggests strong underlying demand and positive price momentum. The market cap grade for Steelcast Ltd stands at 3, reflecting its mid-tier capitalisation status within the Castings & Forgings sector.
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Comparative Performance Against Benchmarks
Steelcast Ltd’s performance over various time horizons continues to outshine the Sensex benchmark. The stock’s one-day gain of 12.46% contrasts sharply with the Sensex’s 2.79% rise on the same day. Over the past week, Steelcast Ltd has surged 28.06%, while the Sensex gained a modest 2.55%. The one-month return of 16.31% for Steelcast Ltd is particularly notable against the Sensex’s decline of 2.12% during the same period.
Extending the horizon, Steelcast Ltd has delivered a 14.19% return over three months compared to the Sensex’s near flat performance (-0.04%). The stock’s one-year return stands at an impressive 39.99%, significantly outperforming the Sensex’s 8.76%. Year-to-date, Steelcast Ltd has gained 14.68%, while the Sensex has declined by 1.50%. Over longer periods, the stock’s growth is even more pronounced, with three-year returns of 141.04% versus 37.97% for the Sensex, five-year returns of 699.87% compared to 67.04%, and a remarkable ten-year return of 2,126.94% against the Sensex’s 246.55%.
Market Context and Sector Dynamics
The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex session. Despite a strong opening, the index lost momentum and closed lower, remaining 2.68% shy of its 52-week high of 86,159.02. The Sensex is currently trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed medium-term technical outlook.
Within this context, mega-cap stocks led the market gains, contributing to the Sensex’s overall positive trend earlier in the day. Steelcast Ltd’s outperformance relative to both the sector and the Sensex highlights its distinct trading dynamics and investor focus during the session.
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Mojo Score and Rating Update
Steelcast Ltd currently holds a Mojo Score of 48.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 20 Jan 2026. The downgrade reflects a reassessment of the stock’s quality and momentum metrics, despite the recent strong price action. The market cap grade of 3 further positions Steelcast Ltd as a mid-sized player within the Castings & Forgings sector.
Summary of Trading Action
In summary, Steelcast Ltd’s trading session on 3 Feb 2026 was marked by a strong intraday rally, significant volatility, and sustained gains over multiple days. The stock’s ability to outperform both its sector and the broader Sensex index amid a volatile market backdrop underscores its current market strength. Trading above all major moving averages and maintaining a three-day consecutive gain streak, Steelcast Ltd remains a focal point for active market participants within the Castings & Forgings industry.
The stock’s intraday high of Rs 252 and 12.6% day gain stand out as key highlights of the session, reflecting robust demand and dynamic trading interest.
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