Opening Price Surge and Intraday Performance
The stock opened sharply higher, registering a gain of 19.09% at the outset of trading, a notable jump compared to the sector’s 2.37% rise and Sensex’s 2.39% increase on the same day. Venus Pipes & Tubes Ltd reached an intraday high of Rs 1202.95, maintaining the full extent of its opening gap throughout the session. This strong opening contrasts with the stock’s recent trend, as it had experienced two consecutive days of decline prior to this rebound.
Intraday volatility was elevated, with an 8.13% range calculated from the weighted average price, indicating active trading and price fluctuations during the day. Despite this volatility, the stock sustained its gains, closing with a day change of 6.36%, outperforming the Sensex by nearly 4 percentage points.
Technical Indicators and Moving Averages
From a technical standpoint, Venus Pipes & Tubes Ltd remains positioned below its 20-day, 50-day, 100-day, and 200-day moving averages, though it is trading above the 5-day moving average. This suggests that while short-term momentum has improved, the stock has yet to break through longer-term resistance levels. The daily moving averages currently signal a bearish trend, consistent with the stock’s recent performance over the past month, which shows a decline of 11.09% compared to the Sensex’s more modest 2.50% fall.
Weekly and monthly technical indicators present a cautious outlook. The Moving Average Convergence Divergence (MACD) is bearish on a weekly basis and mildly bearish monthly. Bollinger Bands also indicate bearish conditions across weekly and monthly timeframes. The KST (Know Sure Thing) oscillator aligns with this bearish sentiment, while the Relative Strength Index (RSI) shows no clear signal. Dow Theory analysis reveals no definitive trend on weekly or monthly charts, and On-Balance Volume (OBV) is mildly bearish weekly with no clear monthly trend.
Sector and Market Context
The Iron & Steel Products sector, encompassing Steel, Sponge Iron, and Pig Iron, has recorded a moderate gain of 2.37% on the day, reflecting a broadly positive environment. Venus Pipes & Tubes Ltd’s outperformance relative to its sector peers highlights a distinct market preference for the stock amid sector-wide gains.
Venus Pipes & Tubes Ltd is classified as a high beta stock, with an adjusted beta of 1.60 relative to the Small and Mid Cap (SMLCAP) index. This elevated beta indicates that the stock tends to experience larger price swings compared to the broader market, which is consistent with the pronounced gap up and intraday volatility observed.
Our current Stock of the Month is out! This Large Cap from Automobiles - Passenger Cars emerged as the single best opportunity from our elite universe. Get the details now!
- - Current monthly selection
- - Single best opportunity
- - Elite universe pick
Price Action and Momentum Analysis
The stock’s recovery after two days of decline suggests a potential short-term trend reversal, supported by the strong gap up and sustained momentum throughout the trading session. The 19.09% opening gain is a significant deviation from recent price behaviour, indicating a shift in market dynamics for Venus Pipes & Tubes Ltd.
However, the fact that the stock remains below its longer-term moving averages implies that the gap up may be a reaction to specific catalysts or news rather than a confirmation of a sustained upward trend. The high intraday volatility further suggests that traders are actively repositioning, which could lead to either consolidation or a partial retracement in the near term.
Market Capitalisation and Mojo Ratings
Venus Pipes & Tubes Ltd holds a Market Cap Grade of 3, reflecting a mid-tier market capitalisation within its sector. The company’s Mojo Score stands at 50.0, with a current Mojo Grade of Hold. This represents an upgrade from a previous Sell rating as of 27 Jan 2026, signalling a moderate improvement in the company’s overall quality and market perception.
The Hold rating aligns with the mixed technical signals and recent price action, indicating neither a strong buy nor a sell stance but rather a cautious position given the stock’s volatility and sector conditions.
Holding Venus Pipes & Tubes Ltd from Iron & Steel Products? 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
Summary of Key Metrics
To summarise, Venus Pipes & Tubes Ltd’s trading session on 3 Feb 2026 was marked by a strong gap up of 19.09%, an intraday high of Rs 1202.95, and a closing day change of 6.36%. The stock outperformed both its sector and the Sensex, reflecting a positive market sentiment. Despite this, technical indicators remain cautious with bearish signals on weekly and monthly charts and the stock trading below key longer-term moving averages.
The company’s upgraded Mojo Grade from Sell to Hold and a mid-level Market Cap Grade of 3 provide a balanced view of its current standing. The high beta nature of the stock explains the pronounced price movements and volatility observed during the session.
Investors and market participants will likely monitor whether the stock can maintain this momentum or if the gap up will be partially filled in subsequent sessions, given the technical resistance levels and recent price trends.
Unlock special upgrade rates for a limited period. Start Saving Now →
