Key Events This Week
2 Feb: Upper circuit hit at Rs.134.85 (+9.10%) amid strong buying pressure
3 Feb: Another upper circuit surge to Rs.141.55 (+4.97%) with rising delivery volumes
4 Feb: Continued upper circuit gains, technical upgrade to ‘Sell’ rating
5 Feb: New 52-week and all-time highs at Rs.162.9 and Rs.161.4, intraday volatility spikes
6 Feb: Fresh 52-week high of Rs.176.9, seventh consecutive gain day, upper circuit hit
2 February 2026: Upper Circuit Triggered on Strong Buying
Ujaas Energy Ltd began the week with a powerful surge, hitting the upper circuit limit at Rs.134.85, a 9.10% gain despite the Sensex falling 1.03%. The stock’s strong buying interest was evident despite modest volumes, with delivery volumes spiking by over 680% compared to the five-day average. This initial momentum set the tone for the week, signalling robust investor appetite amid a cautious market environment.
3 February 2026: Sustained Momentum and Delivery Volume Spike
The rally continued as Ujaas Energy again hit the upper circuit at Rs.141.55 (+4.97%), outperforming the Sensex’s 2.63% gain. Delivery volumes surged over 1,000%, indicating genuine accumulation rather than speculative trading. Technical indicators showed the stock trading above all key moving averages, reinforcing the bullish trend despite the company’s ‘Strong Sell’ Mojo Grade at the time.
4 February 2026: Technical Upgrade and Continued Upper Circuit Gains
MarketsMOJO upgraded Ujaas Energy’s rating from ‘Strong Sell’ to ‘Sell’ on 4 February, citing improved technical momentum despite ongoing financial challenges. The stock hit the upper circuit again at Rs.143.02 (+5.0%), marking five consecutive days of gains and a cumulative return of 23.38%. Delivery volumes remained elevated, supporting the sustained buying pressure. Mixed technical signals suggested cautious optimism among investors.
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
5 February 2026: New 52-Week and All-Time Highs Amid Volatility
Ujaas Energy’s price action reached new heights on 5 February, touching a 52-week high of Rs.162.9 and an all-time intraday high of Rs.161.4. The stock surged 9.62% intraday, closing with an 8.95% gain despite significant volatility, with intraday swings exceeding 9%. This day marked the fifth consecutive gain, with a cumulative return of 31.72% over the period. The stock outperformed the power sector by over 10% and the Sensex by nearly 9.5%, underscoring its strong relative strength.
6 February 2026: Seventh Consecutive Gain and Fresh 52-Week High
On the final trading day of the week, Ujaas Energy hit a new 52-week and all-time high of Rs.176.9, surging 9.98% intraday and closing with a 9.73% gain. This marked the seventh consecutive day of gains, delivering a cumulative return of 43.04% over six sessions. The stock outperformed the power sector by nearly 10% and the Sensex by over 9.7%, despite the broader market’s slight decline. A regulatory freeze was triggered due to the upper circuit hit, reflecting intense buying demand and unfilled orders.
Holding Ujaas Energy Ltd from ? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.134.85 | +9.10% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.141.55 | +4.97% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.148.60 | +4.98% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.160.85 | +8.24% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.176.90 | +9.98% | 36,730.20 | +0.10% |
Key Takeaways
Strong Technical Momentum: The stock’s consistent gains and multiple upper circuit hits reflect robust buying interest and positive technical indicators, including trading above all major moving averages.
Volatility and Liquidity: Elevated intraday volatility, especially on 5 and 6 February, highlights active trading and price discovery, though liquidity remains moderate given the small-cap status.
Fundamental Caution: Despite the price rally, Ujaas Energy retains a cautious ‘Sell’ rating from MarketsMOJO, reflecting ongoing financial challenges such as operating losses and high leverage.
Investor Participation: Delivery volumes surged dramatically throughout the week, indicating genuine accumulation rather than speculative trading.
Sector and Market Outperformance: The stock outpaced the power sector and Sensex by wide margins, underscoring its idiosyncratic strength amid a mixed market backdrop.
Conclusion
Ujaas Energy Ltd’s extraordinary 43.12% weekly gain, driven by sustained upper circuit hits and rising delivery volumes, marks a significant technical rally in the power sector. The stock’s ability to outperform the Sensex by over 40% amid a volatile market environment highlights strong investor interest and momentum. However, the company’s fundamental challenges and modest liquidity warrant a cautious approach. The recent upgrade from ‘Strong Sell’ to ‘Sell’ by MarketsMOJO reflects improving technical conditions but ongoing financial risks. Investors should monitor upcoming corporate developments and market conditions closely to assess the sustainability of this impressive rally.
Unlock special upgrade rates for a limited period. Start Saving Now →
