Supreme Petrochem Ltd Hits Intraday High with 7.15% Surge on 3 Feb 2026

Intraday Trading Highlights

On the trading day, Supreme Petrochem Ltd recorded a substantial gain of 7.15%, outperforming the Sensex’s 2.98% rise and the Chemicals sector’s 4.08% advance. The stock’s intraday high of Rs 625.25 marked a notable peak, reflecting strong buying momentum. This surge contributed to the stock outperforming its sector by 3.07% on the day.

The stock has been on a positive trajectory, registering gains for four consecutive days and delivering an 18.79% return over this period. This streak underscores sustained investor interest and trading activity in the stock.

Technical Positioning and Moving Averages

From a technical standpoint, Supreme Petrochem Ltd’s current price stands above its 5-day, 20-day, and 50-day moving averages, signalling short- to medium-term strength. However, it remains below the 100-day and 200-day moving averages, indicating that longer-term resistance levels have yet to be breached. This mixed technical picture suggests that while recent momentum is positive, the stock is still navigating broader trend dynamics.

Sector and Market Context

The Chemicals sector, to which Supreme Petrochem belongs, gained 4.08% on the day, reflecting a generally positive environment for petrochemical stocks. Despite this, Supreme Petrochem’s outperformance by over 3 percentage points highlights its relative strength within the sector.

Meanwhile, the broader market experienced volatility. The Sensex opened with a gap-up of 3,656.74 points but subsequently lost momentum, falling by 1,231.66 points to trade at 84,091.54, a 2.97% gain on the day. The index remains 2.46% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a mixed but cautiously optimistic market trend. Mega-cap stocks led the market rally, supporting the overall positive sentiment.

Performance Comparison Over Various Timeframes

Examining Supreme Petrochem Ltd’s performance relative to the Sensex over multiple periods reveals a mixed trend. The stock outperformed the Sensex significantly over the past week, gaining 23.57% compared to the Sensex’s 2.74%. However, over the one-month and three-month periods, the stock underperformed, declining by 3.10% and 13.28% respectively, while the Sensex posted smaller declines or modest gains.

Longer-term performance remains strong, with Supreme Petrochem Ltd delivering a 65.21% return over three years and an impressive 230.08% over five years, both well above the Sensex’s respective 38.23% and 67.35% returns. Over a decade, the stock has surged by 1,043.05%, substantially outpacing the Sensex’s 247.20% gain. Year-to-date, the stock has declined by 2.99%, slightly underperforming the Sensex’s 1.31% fall.

Mojo Score and Rating Update

Supreme Petrochem Ltd currently holds a Mojo Score of 38.0, categorised as a Sell grade. This represents a downgrade from its previous Hold rating, which was changed on 3 November 2025. The company’s market capitalisation grade stands at 3, reflecting its relative size within the market. These metrics provide a quantitative assessment of the stock’s quality and market standing as of the latest update.

Summary of Trading Action and Market Dynamics

Supreme Petrochem Ltd’s strong intraday performance on 3 February 2026 reflects a combination of sectoral strength and individual stock momentum. The stock’s ability to outperform both the Chemicals sector and the broader market during a day of mixed market signals highlights its current trading appeal. The four-day consecutive gain streak and the significant weekly return underscore a period of heightened activity and price appreciation.

While the stock remains below its longer-term moving averages, the recent price action above short- and medium-term averages suggests a positive shift in momentum. The broader market’s volatility, with the Sensex retreating after a strong opening, contrasts with Supreme Petrochem’s steady advance, indicating relative resilience.

Overall, the trading session on 3 February 2026 marks a notable day for Supreme Petrochem Ltd, with the stock reaching its intraday peak amid a dynamic market environment.

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