Venus Pipes & Tubes Ltd Hits Intraday High with 10.39% Surge on 3 Feb 2026

Intraday Trading Dynamics and Price Action

The stock opened sharply higher with a gap-up of 19.09%, signalling strong buying interest from the outset. Throughout the trading session, Venus Pipes & Tubes exhibited high volatility, with an intraday volatility of 8.33% calculated from the weighted average price. This volatility reflects active trading and fluctuating price movements as investors responded to market developments.

Venus Pipes & Tubes’ price action today marked a reversal after two consecutive days of decline, indicating a shift in market sentiment. The stock’s performance outpaced its sector peers, with the Steel/Sponge Iron/Pig Iron segment gaining a more modest 2.44% during the same period. This relative outperformance highlights the stock’s distinct strength amid sector-wide gains.

Technical Positioning and Moving Averages

From a technical standpoint, the stock closed above its 5-day and 20-day moving averages, suggesting short-term positive momentum. However, it remains below its longer-term moving averages, including the 50-day, 100-day, and 200-day levels, indicating that while the immediate trend is upward, the stock has yet to break through more significant resistance levels that define medium- and long-term trends.

This mixed technical picture suggests that while the stock is currently enjoying a strong intraday rally, it remains within a broader consolidation phase when viewed over extended periods.

Market Context and Sector Comparison

On the broader market front, the Sensex opened with a substantial gap up of 3,656.74 points but lost momentum during the session, retreating by 1,519.75 points to close at 83,803.45, a net gain of 2.62%. The index remains 2.81% 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 technical environment for the benchmark.

Within this context, mega-cap stocks led the market gains, while Venus Pipes & Tubes, a mid-cap player in the Iron & Steel Products sector, outperformed both the Sensex and its sector peers by a wide margin. The stock’s 10.39% gain today compares favourably to the sector’s 2.44% rise and the Sensex’s 2.62% advance.

Performance Metrics Over Various Timeframes

Examining Venus Pipes & Tubes’ performance over multiple periods reveals a nuanced picture. The stock has outperformed the Sensex over the past week, gaining 11.72% compared to the Sensex’s 2.37%. However, over the one-month and three-month horizons, the stock has declined by 7.73% and 12.12% respectively, underperforming the Sensex’s more modest losses of 2.29% and 0.22% over the same periods.

Year-to-date, Venus Pipes & Tubes has fallen 4.32%, slightly more than the Sensex’s 1.67% decline. Over the longer term, the stock’s three-year performance stands at a 52.37% gain, surpassing the Sensex’s 37.73% rise, though its five- and ten-year returns remain flat at 0.00%, compared to the Sensex’s substantial gains of 66.74% and 245.93% respectively.

Mojo Score and Rating Update

Venus Pipes & Tubes currently holds a Mojo Score of 50.0, reflecting a Hold rating. This represents an upgrade from its previous Sell rating, which was revised on 27 Jan 2026. The stock’s Market Cap Grade is 3, indicating a mid-tier market capitalisation within its sector. This rating adjustment aligns with the recent positive price action and improved trading dynamics observed in today’s session.

Summary of Today’s Trading Session

Venus Pipes & Tubes Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a significant gap-up opening, high volatility, and a closing price well above short-term moving averages. The stock’s 10.39% gain notably outperformed both the Sensex and its sector, reflecting a day of active trading and positive momentum.

While the stock remains below longer-term moving averages, today’s price action marks a clear reversal from recent declines and suggests renewed interest in the stock within the Iron & Steel Products sector. The upgrade in Mojo Grade from Sell to Hold earlier in the week further underscores this shift in market perception.

Overall, Venus Pipes & Tubes demonstrated resilience and strength in a market environment where the benchmark index showed mixed signals, with mega-cap stocks leading gains and the Sensex retreating from its initial surge.

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