Intraday Price Movement and Trading Action
The stock of Tata Steel Ltd, a key player in the ferrous metals sector, recorded a day change of 3.0%, outperforming the broader Sensex index which gained 2.68% on the same day. Despite the Sensex losing momentum after a gap-up opening—initially rising by 3,656.74 points before retreating by 1,465.01 points to trade at 83,858.19—the steel major maintained its upward trajectory.
Tata Steel’s intraday high of ₹196.3 was achieved on strong volume, supported by the stock trading above all major moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the stock’s sustained strength in the short to long term.
The stock remains close to its 52-week high of ₹202.9, currently just 4.45% away, signalling resilience in price levels amid broader market fluctuations. The steel sector itself showed positive momentum, with the Steel/Sponge Iron/Pig Iron segment gaining 3.37% during the session, slightly outpacing Tata Steel’s own intraday gains.
Recent Performance and Market Context
Tata Steel has been on a positive run, registering gains for two consecutive days with a cumulative return of 4.66%. Over the past month, the stock has appreciated by 6.07%, significantly outperforming the Sensex which declined by 2.22% in the same period. Year-to-date, Tata Steel has delivered a 7.72% return, contrasting with the Sensex’s negative 1.60% performance.
Longer-term performance metrics further highlight Tata Steel’s robust growth trajectory. Over one year, the stock has surged 47.04%, vastly outpacing the Sensex’s 8.64% gain. Over three and five years, the returns stand at 61.49% and 197.04% respectively, compared to Sensex’s 37.83% and 66.86%. The ten-year performance is particularly striking, with Tata Steel appreciating by 808.77% against the Sensex’s 246.19%.
Fast mover alert! This Large Cap from Automobiles - Passeenger just qualified for our Momentum list with stellar technical indicators. Strike while the iron is hot!
- - Recent Momentum qualifier
- - Stellar technical indicators
- - Large Cap fast mover
Mojo Score and Ratings Update
Tata Steel Ltd currently holds a Mojo Score of 81.0, categorised under a 'Strong Buy' grade as of 1 Jan 2026, an upgrade from its previous 'Buy' rating. This reflects improved market sentiment and technical strength as assessed by MarketsMOJO’s proprietary scoring system. The stock’s market cap grade stands at 1, indicating its status as a large-cap entity within the ferrous metals sector.
The upgrade in Mojo Grade coincides with the stock’s recent price appreciation and technical outperformance relative to sector peers and the broader market indices.
Sector and Broader Market Dynamics
The ferrous metals sector, encompassing steel, sponge iron, and pig iron, has shown notable strength with a 3.37% gain on the day, outperforming the Sensex’s 2.68% rise. Tata Steel’s 2.84% one-day gain slightly outpaced the benchmark index, underscoring its relative resilience amid mixed market conditions.
While the Sensex remains 2.74% below its 52-week high of 86,159.02, Tata Steel is positioned closer to its own 52-week peak, signalling a comparatively stronger price momentum. The Sensex is currently trading below its 50-day moving average, though the 50DMA remains above the 200DMA, indicating a cautiously positive medium-term trend.
Technical Positioning and Moving Averages
Tata Steel’s trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – highlights a broad-based technical strength. This alignment suggests sustained buying interest and a positive trend across multiple timeframes, supporting the stock’s ability to maintain its intraday highs.
The stock’s opening gap-up of 2.47% further emphasises strong demand from the outset of trading, which was maintained and extended to reach the day’s high of ₹196.3, a 4.08% increase from the previous close.
Want to dive deeper on Tata Steel Ltd? There's a real-time research report diving right into the fundamentals, valuations, peer comparison, financials, technicals and much more!
- - Real-time research report
- - Complete fundamental analysis
- - Peer comparison included
Summary of Recent Returns Versus Sensex
Comparing Tata Steel’s returns with the Sensex over various time horizons provides insight into its relative performance strength. Over one week, Tata Steel gained 0.75% while the Sensex rose 2.44%. However, over one month and three months, Tata Steel outperformed with returns of 6.07% and 6.19% respectively, compared to the Sensex’s declines of 2.22% and 0.14%. The stock’s long-term returns remain impressive, with a five-year gain of 197.04% versus the Sensex’s 66.86%.
This performance profile highlights Tata Steel’s ability to deliver sustained growth over extended periods, even as short-term fluctuations occur.
Market Capitalisation and Sector Positioning
As a large-cap stock within the ferrous metals sector, Tata Steel’s market cap grade of 1 reflects its significant weight and influence in the sector and broader market. The stock’s strong technical indicators and recent rating upgrade reinforce its standing as a key player in the steel industry.
Sector gains on the day, led by steel and allied metals, contributed to Tata Steel’s positive price action, despite the broader market’s mixed performance.
Conclusion
Tata Steel Ltd’s strong intraday performance on 3 Feb 2026, marked by a 4.08% rise to ₹196.3 and a 2.47% gap-up opening, reflects robust trading momentum and technical strength. The stock’s position near its 52-week high, combined with its upgrade to a 'Strong Buy' Mojo Grade and trading above all key moving averages, underscores its resilience amid a fluctuating market environment. While the broader Sensex experienced volatility, Tata Steel maintained relative outperformance, supported by sector gains and sustained investor interest.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
