Stove Kraft Ltd Hits Intraday High with 11.62% Surge on 3 Feb 2026

Intraday Trading Highlights

On 3 Feb 2026, Stove Kraft Ltd opened with a gap up of 7.66%, signalling strong buying interest from the outset. The stock continued to gain throughout the session, eventually touching an intraday peak of Rs 544.75, representing an 11.62% rise from the previous close. This intraday high was accompanied by a day change of 11.62%, substantially outperforming the Electronics & Appliances sector by 8.94% and the Sensex benchmark, which gained 2.62% on the same day.

The stock’s upward movement marked a reversal in its short-term trend, as it gained after two consecutive days of decline. Despite this strong intraday surge, Stove Kraft Ltd’s price remains below its longer-term moving averages, including the 20-day, 50-day, 100-day, and 200-day moving averages, though it is trading above its 5-day moving average. This suggests that while the immediate momentum is positive, the stock has yet to break through key resistance levels established over the medium and long term.

Market Context and Comparative Performance

The broader market environment on 3 Feb 2026 was characterised by a volatile Sensex session. The index opened sharply higher by 3,656.74 points but lost momentum to close down by 1,519.75 points, settling at 83,803.45, a 2.62% decline from the opening peak. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 2.81% away, with mega-cap stocks leading the market gains earlier in the day.

In this context, Stove Kraft Ltd’s 10.24% one-day gain notably outpaced the Sensex’s 2.61% rise, underscoring the stock’s relative strength during a mixed market session. Over the past week, Stove Kraft Ltd has gained 3.26%, slightly ahead of the Sensex’s 2.37% increase. However, the stock’s performance over longer periods remains subdued, with a one-month decline of 12.29% compared to the Sensex’s 2.29% fall, and a three-month drop of 28.12% versus the Sensex’s marginal 0.22% decline.

Technical and Fundamental Indicators

Stove Kraft Ltd currently holds a Mojo Score of 37.0, with a Mojo Grade of Sell, downgraded from Hold as of 1 Dec 2025. The Market Cap Grade stands at 3, reflecting moderate market capitalisation metrics. These ratings indicate a cautious stance from the scoring system despite the recent intraday strength.

From a technical perspective, the stock’s position above the 5-day moving average suggests short-term buying interest, yet its position below the 20-day and longer moving averages indicates that the broader trend remains under pressure. This technical setup often signals that while immediate gains are possible, sustained upward momentum may require further confirmation.

Examining Stove Kraft Ltd’s longer-term performance reveals challenges in maintaining consistent growth. The stock has declined by 31.63% over the past year, contrasting with the Sensex’s 8.56% gain during the same period. Year-to-date, the stock is down 8.90%, while the Sensex has fallen 1.67%. Over three and five years, Stove Kraft Ltd’s returns of 15.52% and 0.00% respectively lag behind the Sensex’s 37.73% and 66.74% gains. The ten-year performance remains flat at 0.00%, compared to the Sensex’s substantial 245.93% increase.

Trading Dynamics and Sector Comparison

The Electronics & Appliances sector, to which Stove Kraft Ltd belongs, experienced a mixed session on 3 Feb 2026. Stove Kraft Ltd’s outperformance by 8.94% relative to the sector highlights its distinct trading action amid sector peers. This divergence may be attributed to specific stock-level factors influencing demand and supply dynamics during the day.

The stock’s gap up opening by 7.66% set a positive tone for the session, encouraging further buying interest. The intraday high of Rs 544.75 represents a significant rally from the previous close, reflecting strong momentum within the trading day. This performance contrasts with the broader market’s volatility, where the Sensex lost ground after an initial surge.

Summary of Price Movements and Market Position

Stove Kraft Ltd’s strong intraday performance on 3 Feb 2026 stands out in a market characterised by mixed signals and volatility. The stock’s 15.18% intraday high and 11.62% day change reflect a notable rebound after two days of decline, supported by a gap up opening and sustained buying pressure throughout the session.

Despite this positive momentum, the stock’s longer-term trend remains challenged, with key moving averages still acting as resistance and a Mojo Grade indicating a Sell rating. The stock’s relative outperformance against the sector and Sensex on the day highlights its distinct trading behaviour, though broader market conditions and historical performance suggest a cautious outlook.

Investors and market participants will likely monitor Stove Kraft Ltd’s ability to maintain gains above short-term moving averages and assess whether this intraday strength translates into sustained upward movement in the coming sessions.

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