Torrent Power Ltd. Hits Intraday High with 5.04% Surge on 2 Jan 2026

Intraday Trading Highlights

On the trading day, Torrent Power Ltd. recorded a significant gain of 5.04%, outperforming the Power Generation and Distribution sector, which itself rose by 2.17%. The stock’s intraday high of Rs 1397.4 represented a 5.27% rise, underscoring strong buying interest throughout the session. This surge contributed to the stock outperforming the Sensex, which gained 0.55% and closed at 85,659.84 points, just 0.58% shy of its 52-week high of 86,159.02.

The stock’s performance was further bolstered by its position above key technical indicators. Torrent Power is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling sustained upward momentum across multiple timeframes. This technical strength aligns with the stock’s three consecutive days of gains, cumulatively delivering a 10.2% return over this period.

Comparative Performance and Market Context

In comparison to the Sensex and sector benchmarks, Torrent Power’s gains were notably superior. The stock’s one-day return of 5.31% eclipsed the Sensex’s 0.55% rise, while its one-week and one-month performances stood at 7.58% and 6.59% respectively, compared to the Sensex’s 0.72% and 0.61%. Over a three-month horizon, Torrent Power’s return of 15.02% significantly outpaced the Sensex’s 5.77% gain.

Despite a negative one-year return of -8.65%, Torrent Power’s longer-term performance remains strong, with three-year and five-year returns of 179.26% and 335.92% respectively, far exceeding the Sensex’s corresponding returns of 40.04% and 78.94%. Over a decade, the stock has appreciated by 674.09%, compared to the Sensex’s 227.42% rise, highlighting its historical growth trajectory.

Market Dynamics and Sector Activity

The broader market environment on 2 Jan 2026 was characterised by a positive trend. The Sensex, after a flat opening, climbed steadily by 400.48 points, supported by bullish moving averages where the 50-day DMA remains above the 200-day DMA. Mid-cap stocks led the market rally, with the BSE Mid Cap index gaining 0.79%, indicating a favourable risk appetite among investors.

Within this context, the Power sector’s 2.17% gain provided a supportive backdrop for Torrent Power’s outperformance. The stock’s market capitalisation grade stands at 2, reflecting its mid-cap status, while its Mojo Score improved to 52.0 with a Hold grade, upgraded from Sell on 8 Jul 2025. This upgrade signals a stabilisation in the stock’s quality metrics and market perception.

Technical Momentum and Moving Averages

Torrent Power’s trading above all major moving averages indicates a strong technical foundation. The 5-day and 20-day averages reflect short-term momentum, while the 50-day, 100-day, and 200-day averages provide confirmation of sustained strength over medium and long-term periods. This alignment across multiple moving averages often attracts technical traders and institutional investors seeking stocks with upward momentum.

The stock’s three-day consecutive gains, culminating in a 10.2% return, further reinforce this trend. Such consistent upward movement is indicative of persistent demand and positive sentiment within the trading community.

Sector and Market Performance Comparison

Within the Power sector, Torrent Power’s 5.04% day gain was notably higher than the sector’s 2.17% rise, underscoring its relative strength. This outperformance is significant given the sector’s role as a defensive play in the broader market. The Sensex’s 0.55% gain on the day, while positive, was modest compared to Torrent Power’s surge, highlighting the stock’s leadership within its industry group.

Mid-cap stocks, including Torrent Power, have been leading market advances, supported by the BSE Mid Cap index’s 0.79% gain. This leadership suggests a rotation towards stocks with growth potential and improving fundamentals.

Mojo Score and Rating Update

Torrent Power’s Mojo Score currently stands at 52.0, categorised as a Hold grade. This represents an improvement from its previous Sell rating, which was revised on 8 Jul 2025. The upgrade reflects enhancements in the company’s financial metrics and market standing, as assessed by MarketsMOJO’s proprietary scoring system.

The stock’s market capitalisation grade of 2 places it in the mid-cap category, which often experiences greater volatility but also potential for higher returns compared to large-cap stocks. The recent positive price action and technical indicators suggest that Torrent Power is currently in a phase of renewed investor focus and trading interest.

Summary of Price Performance Metrics

Key price performance figures for Torrent Power Ltd. include:

• Day’s high: Rs 1397.4 (5.27% increase)


• Day change: +5.04%


• Outperformance vs Power sector: +3.01%


• Consecutive gains over 3 days: 10.2%


• Year-to-date return: 7.01%


• One-year return: -8.65%


• Three-year return: 179.26%


• Five-year return: 335.92%


• Ten-year return: 674.09%

These figures illustrate Torrent Power’s strong short-term momentum combined with a historically impressive long-term growth record.

Market Outlook and Trading Activity

The trading session on 2 Jan 2026 saw Torrent Power attract significant volume and price appreciation, reflecting active participation from market participants. The stock’s ability to maintain levels above key moving averages and outperform both its sector and the broader market indicates a robust technical setup.

While the Sensex and mid-cap indices showed moderate gains, Torrent Power’s sharper rise highlights its status as a leading stock within the Power sector on this trading day. The stock’s performance is consistent with a market environment where mid-cap stocks are driving broader indices higher.

Conclusion

Torrent Power Ltd.’s intraday high of Rs 1397.4 and 5.27% surge on 2 Jan 2026 underscore its strong trading momentum and relative strength within the Power sector. Supported by positive technical indicators and a recent upgrade in its Mojo rating, the stock has demonstrated notable resilience and leadership amid a broadly positive market backdrop. Its consistent gains over the past three days and outperformance versus the Sensex and sector benchmarks highlight Torrent Power as a key focus for market participants on this trading day.

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