New Peak Reflects Strong Momentum
On 3 February 2026, Steelco Gujarat Ltd's shares touched an intraday and closing high of Rs.61.45, representing a 4.99% increase on the day. This fresh peak underscores the stock’s robust upward trajectory, having gained 15.73% over the past three consecutive trading days. The stock opened at Rs.61.45 today and maintained this level throughout the session, reflecting strong demand and price stability at this new high.
The stock’s performance notably outpaced its sector, with the Steel/Sponge Iron/Pig Iron sector gaining 2.06% on the same day. Steelco Gujarat Ltd outperformed the sector by 2.93%, highlighting its relative strength within the industry.
Trading Patterns and Moving Averages
Despite some erratic trading patterns, with the stock not trading on three out of the last 20 days, the recent price action has been decisively positive. Steelco Gujarat Ltd is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages signals a strong bullish trend and suggests sustained investor confidence in the stock’s price direction.
The stock’s 52-week low stands at Rs.1.76, illustrating the remarkable recovery and growth it has experienced over the past year, even though its one-year performance remains flat at 0.00% compared to the Sensex’s 8.91% gain.
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Market Context and Sector Comparison
While Steelco Gujarat Ltd has demonstrated strong gains, the broader market showed mixed signals on the same day. The Sensex opened with a gap up of 3,656.74 points but later retreated by 1,258.60 points, closing at 84,064.60, down 2.94%. The index remains 2.49% below its own 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a longer-term positive trend.
In contrast to the broader market’s volatility, Steelco Gujarat Ltd’s stock has maintained a steady upward momentum, supported by its position above all major moving averages and a strong relative performance within its sector.
Mojo Score and Grade Update
Steelco Gujarat Ltd currently holds a Mojo Score of 31.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 13 October 2025. The market cap grade stands at 4, reflecting the company’s mid-tier market capitalisation status. Despite the recent price rally, the Mojo Grade indicates a cautious stance based on the company’s overall financial and market metrics.
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Price Stability and Trading Behaviour
The stock’s price stability at Rs.61.45 throughout the trading session today is notable, especially given the gap-up opening of 4.99%. This suggests strong buyer interest at this level, with no significant intraday volatility. The stock’s ability to hold this price after a sharp rise over the last three days indicates a consolidation phase that may support further price stability.
However, the stock’s erratic trading history, with three non-trading days in the last 20 sessions, points to some liquidity considerations that market participants may wish to monitor. Despite this, the recent price action has been predominantly positive, reflecting a shift in market sentiment towards the stock.
Comparative Performance Over One Year
Over the past year, Steelco Gujarat Ltd’s stock price has remained flat, registering a 0.00% return, in contrast to the Sensex’s 8.91% gain over the same period. This divergence highlights the stock’s recent rally as a significant development, potentially signalling a change in its longer-term performance trajectory.
The 52-week low of Rs.1.76 further emphasises the scale of the stock’s recovery and recent gains, underscoring the importance of the new 52-week high milestone as a key indicator of renewed momentum.
Summary of Key Metrics
To summarise, Steelco Gujarat Ltd’s stock has achieved a new 52-week high of Rs.61.45, supported by a 4.99% gain on the day and a 15.73% rise over the last three trading sessions. The stock outperformed its sector and is trading above all major moving averages, signalling strong technical momentum. Despite a cautious Mojo Grade of Sell, the stock’s recent price action marks a notable milestone in its market performance.
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