Steelco Gujarat Ltd Hits New 52-Week High at Rs.71.12

Strong Momentum Drives Stock to New Heights

On 6 Feb 2026, Steelco Gujarat Ltd's shares surged to an intraday and closing high of Rs.71.12, representing a 4.99% gain on the day. This price marks the highest level the stock has traded at in the past year, eclipsing previous resistance levels and signalling robust buying momentum. The stock opened at Rs.71.12 and maintained this level throughout the trading session, reflecting strong investor confidence in the current price range.

The stock has demonstrated remarkable strength over the last six consecutive trading days, delivering a cumulative return of 33.94%. This sustained upward trajectory highlights a period of consistent demand and positive price action, which has outpaced the broader sector by 6.17% on the day of the new high.

Technical Indicators Confirm Uptrend

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 short-, medium-, and long-term moving averages is a classic technical indicator of a strong uptrend, suggesting that the stock’s recent gains are supported by solid market dynamics rather than short-lived speculation.

Such a comprehensive technical positioning often reflects improving market sentiment and can attract further interest from traders who monitor these indicators closely. The stock’s ability to sustain levels above these averages indicates resilience and a favourable price structure.

Market Context and Comparative Performance

While Steelco Gujarat Ltd has achieved a new 52-week high, the broader market has shown mixed signals. The Sensex opened flat but has since declined by 0.15%, trading at 83,185.43 points, which is 3.57% below its own 52-week high of 86,159.02. The index is currently positioned below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a cautiously optimistic medium-term outlook for the market.

In contrast to the Sensex’s 6.57% gain over the past year, Steelco Gujarat Ltd’s stock price has remained flat over the same period until this recent rally. The stock’s 52-week low was Rs.1.76, underscoring the dramatic recovery and price appreciation witnessed in recent weeks.

Mojo Score and Recent Rating Changes

Steelco Gujarat Ltd currently holds a Mojo Score of 31.0, with a Mojo Grade of Sell. This represents an upgrade from a previous Strong Sell rating, which was revised on 13 Oct 2025. The market capitalisation grade stands at 4, reflecting the company’s relative size and liquidity in the market. Despite the recent price surge, the Mojo Grade indicates a cautious stance based on fundamental and quantitative assessments.

The stock’s day change of 4.99% on the day of the new high further emphasises the strong buying interest and momentum driving the price upwards.

Summary of Price Action and Market Position

Steelco Gujarat Ltd’s recent price action reflects a significant turnaround from its 52-week low of Rs.1.76 to the current high of Rs.71.12. The stock’s ability to maintain gains over six consecutive sessions and outperform its sector by over 6% on the day of the new high highlights a period of strong market interest and price discovery.

The stock’s alignment above all major moving averages further supports the technical strength of this rally. However, the Mojo Grade of Sell and the moderate Mojo Score suggest that the stock’s fundamentals and risk profile remain under scrutiny, despite the positive price momentum.

Overall, Steelco Gujarat Ltd’s achievement of a new 52-week high is a noteworthy development in its trading history, marking a phase of renewed price strength and market attention.

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