Steelcast Ltd Hits Intraday High with 9.74% Surge on 1 February 2026

Intraday Price Movement and Volatility

On the trading day, Steelcast Ltd demonstrated significant price action, touching an intraday peak of Rs 193.7, which represents a 12.62% gain from the prior session’s closing price. The stock’s weighted average price volatility was exceptionally high at 120.51%, underscoring the intense fluctuations experienced throughout the session. This volatility was accompanied by a day change of 9.74%, reflecting strong buying interest during the day.

The stock’s performance contrasted sharply with the broader market, as the Sensex opened higher at 82,388.97, gaining 119.19 points (0.14%) initially but later traded marginally lower at 82,303.82, down 0.04%. Steelcast Ltd’s 9.71% gain on the day was a marked outperformance compared to the Sensex’s slight decline.

Comparison with Sector and Market Benchmarks

Within the Castings & Forgings sector, Steelcast Ltd outpaced its peers by 10.51% on the day, highlighting its relative strength. The stock’s upward movement followed two consecutive days of decline, signalling a reversal in short-term trend. Despite this intraday strength, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages, though it is trading above its 5-day moving average, indicating some near-term positive momentum.

Over longer time frames, Steelcast Ltd’s performance has been mixed. Year-to-date, the stock is down 10.36%, underperforming the Sensex’s 3.48% decline. Over one month and three months, the stock has declined by 10.19% and 16.13% respectively, compared to the Sensex’s more moderate falls of 2.86% and 2.54%. However, over a five-year horizon, Steelcast Ltd has delivered an impressive 531.74% gain, significantly outpacing the Sensex’s 77.71% rise, reflecting strong long-term growth.

Mojo Score and Market Capitalisation Insights

Steelcast Ltd currently holds a Mojo Score of 43.0, categorised under a Sell grade as of 20 Jan 2026, following a downgrade from Hold. The company’s market capitalisation grade stands at 3, reflecting its micro-cap status within the Castings & Forgings sector. This grading indicates a cautious stance based on the company’s recent performance metrics and market positioning.

Trading Dynamics and Moving Average Analysis

Intraday trading activity for Steelcast Ltd was marked by high volatility and strong price swings. The stock’s position above the 5-day moving average suggests short-term buying interest, yet it remains below longer-term moving averages (20-day, 50-day, 100-day, and 200-day), signalling that the broader trend has yet to shift decisively upward. This divergence between short and long-term averages often indicates a transitional phase in price action.

Market participants witnessed a reversal after two days of consecutive declines, with today’s surge breaking the recent downtrend. The stock’s ability to outperform both its sector and the Sensex on a day when the broader market showed limited gains highlights its distinct trading behaviour.

Broader Market Context

The Sensex’s performance on the day was relatively subdued, trading close to its 52-week high of 86,159.02, currently about 4.68% below that peak. The index’s 50-day moving average remains above its 200-day moving average, a technical indicator often interpreted as a positive medium-term trend. Mega-cap stocks led the market gains, contributing to the Sensex’s modest 0.04% rise by the close.

Steelcast Ltd’s strong intraday performance stands out against this backdrop, with its micro-cap status and sector-specific dynamics driving distinct price action. The stock’s 1-week gain of 2.83% also exceeds the Sensex’s 0.88% rise, further emphasising its recent relative strength despite longer-term underperformance.

Summary of Recent Performance Metrics

To summarise, Steelcast Ltd’s key performance figures as of 1 Feb 2026 are:

• Intraday high: Rs 193.7 (up 12.62%)
• Day change: +9.74%
• Outperformance vs sector: +10.51%
• 1-day gain vs Sensex: +9.71% vs -0.02%
• 1-week gain vs Sensex: +2.83% vs +0.88%
• 1-month decline vs Sensex: -10.19% vs -2.86%
• 3-month decline vs Sensex: -16.13% vs -2.54%
• 1-year gain vs Sensex: +3.44% vs +7.16%
• Year-to-date decline vs Sensex: -10.36% vs -3.48%
• 3-year gain vs Sensex: +90.93% vs +38.25%
• 5-year gain vs Sensex: +531.74% vs +77.71%
• 10-year gain vs Sensex: +1596.94% vs +230.74%

These figures illustrate a stock with notable volatility and short-term strength, set against a backdrop of mixed medium-term trends and strong long-term growth.

Conclusion

Steelcast Ltd’s trading session on 1 Feb 2026 was characterised by a sharp intraday rally and elevated volatility, culminating in a day’s high of Rs 193.7 and a near 10% gain. The stock’s performance significantly outpaced both its sector and the broader market indices, signalling a pronounced shift in intraday momentum. While the stock remains below key longer-term moving averages, its recovery after two days of decline and strong relative gains highlight a noteworthy trading day within the Castings & Forgings sector.

Unlock special upgrade rates for a limited period. Start Saving Now →