New Peak Price and Trading Activity
On 4 Feb 2026, Steelco Gujarat Ltd reached an intraday high of Rs.64.52, which also served as the opening price for the day, representing a 5.00% gain from the previous close. Notably, the stock maintained this price level throughout the trading session, indicating strong demand and price stability at this elevated level. This marks the highest price point the stock has achieved in the past 52 weeks, surpassing previous resistance levels.
The stock has demonstrated a consistent upward trajectory, gaining for four consecutive trading days and delivering a cumulative return of 21.51% during this period. This sustained rally has outperformed its sector by 3.91% on the day, highlighting Steelco Gujarat’s relative strength amid broader market movements.
Technical Indicators and Moving Averages
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 technical positioning suggests a strong bullish trend and positive investor sentiment. The stock’s ability to hold above these critical support levels reinforces the momentum behind the recent price surge.
Despite some erratic trading days, with the stock not trading on two occasions in the last 20 days, the overall trend remains firmly upward. The gap-up opening on the latest trading day further emphasises the strength of the buying interest and the stock’s capacity to break through previous price ceilings.
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Market Context and Comparative Performance
The broader market environment on 4 Feb 2026 saw the Sensex recover sharply after a negative start, closing at 83,755.06, a marginal gain of 0.02%. The index remains 2.87% below its own 52-week high of 86,159.02. Mega-cap stocks led the market’s modest advance, while the Sensex traded below its 50-day moving average, which itself remains above the 200-day average, signalling a cautiously positive medium-term outlook.
In contrast to the Sensex’s 6.60% gain over the past year, Steelco Gujarat Ltd’s one-year performance stands at 0.00%. However, the recent price action and new 52-week high indicate a notable shift in momentum for the stock, which has historically traded at a low of Rs.1.76 during the same period.
Mojo Score and Rating Update
Steelco Gujarat Ltd currently holds a Mojo Score of 31.0, with a Mojo Grade of Sell as of 13 Oct 2025, upgraded from a previous Strong Sell rating. The market capitalisation grade stands at 4, reflecting its relative size and liquidity within the market. These metrics provide a comprehensive view of the stock’s quality and risk profile, complementing the technical gains observed in recent sessions.
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Price Range and Volatility Considerations
Over the past year, Steelco Gujarat Ltd’s price range has been notably wide, with a 52-week low of Rs.1.76 and the recent high of Rs.64.52. This considerable range reflects periods of volatility and shifting market dynamics. The recent consolidation at the new high price, without significant intraday fluctuations, suggests a stabilisation phase following the strong rally.
The stock’s erratic trading pattern, including two non-trading days in the last 20 sessions, may indicate liquidity constraints or market participant caution during certain periods. Nonetheless, the prevailing trend remains upward, supported by the stock’s ability to outperform its sector and maintain gains over multiple sessions.
Summary of Key Metrics
To summarise, Steelco Gujarat Ltd’s key trading metrics as of 4 Feb 2026 are:
- New 52-week high: Rs.64.52
- Day’s gain: 5.00%
- Consecutive gains: 4 days
- Return over 4 days: 21.51%
- Outperformance vs sector: 3.91%
- Mojo Score: 31.0 (Sell)
- Market Cap Grade: 4
- 52-week low: Rs.1.76
The stock’s performance in the context of the broader market and its technical indicators highlights a period of strong momentum and price appreciation, culminating in the achievement of a new 52-week high.
Conclusion
Steelco Gujarat Ltd’s rise to Rs.64.52 marks a significant milestone, reflecting a sustained rally supported by positive technical signals and relative strength against sector peers. While the stock’s one-year performance remains flat compared to the Sensex’s gains, the recent price action indicates a notable shift in market dynamics for this micro-cap stock. The combination of consecutive gains, outperformance, and trading above all major moving averages underscores the momentum driving this rally.
Market participants will observe how the stock consolidates at this new high, with the current stability at Rs.64.52 suggesting a potential base for future price action. The broader market’s mixed signals, with the Sensex near but below its 52-week high, provide a contrasting backdrop to Steelco Gujarat’s recent strength.
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