Welspun Corp Ltd. Hits Intraday High with 7.72% Surge on 3 Feb 2026

Intraday Trading Highlights

Welspun Corp Ltd. opened the trading session with a significant gap up of 8.75%, immediately setting a positive tone for the day. The stock reached its peak intraday price of Rs 816.7, reflecting a day change of 7.72%. This performance notably outpaced the Steel/Sponge Iron/Pig Iron sector, which recorded a more modest gain of 2.12% during the same period.

The stock’s strong showing was also evident in its relative performance against the Sensex, which, despite opening 3,656.74 points higher, lost momentum and closed down by 1,277.33 points, settling at 84,045.87 – a 2.91% decline. In contrast, Welspun Corp Ltd. posted a one-day gain of 8.51%, significantly outperforming the Sensex’s 2.86% movement.

Technical Positioning and Moving Averages

From a technical perspective, Welspun Corp Ltd. is trading above its 5-day, 20-day, and 50-day moving averages, signalling short- to medium-term strength. However, it remains below its 100-day and 200-day moving averages, indicating that longer-term resistance levels have yet to be breached. This mixed technical picture suggests that while the stock is currently enjoying positive momentum, it faces some headwinds at higher price levels.

The stock’s recent three-day rally has yielded a cumulative return of 10.98%, underscoring sustained buying interest over multiple sessions. This streak contrasts with the broader market’s more volatile performance, where the Sensex remains 2.51% shy of its 52-week high of 86,159.02.

Comparative Performance Across Timeframes

Welspun Corp Ltd.’s performance over various time horizons reveals a mixed but generally positive trend. The stock has outperformed the Sensex over one day (8.51% vs 2.86%), one week (12.89% vs 2.62%), and one year (14.04% vs 8.83%). However, over the three-month period, the stock declined by 14.49%, contrasting with the Sensex’s flat 0.03% movement. Longer-term returns remain impressive, with three-, five-, and ten-year gains of 326.09%, 553.23%, and 772.95% respectively, far exceeding the Sensex’s corresponding returns of 38.07%, 67.15%, and 246.78%.

Year-to-date, Welspun Corp Ltd. has marginally increased by 0.22%, while the Sensex has declined by 1.43%, indicating relative resilience in the current calendar year.

Sector and Market Context

The Iron & Steel Products sector, to which Welspun Corp Ltd. belongs, has shown moderate gains today, with the Steel/Sponge Iron/Pig Iron segment rising by 2.12%. This sectoral performance, while positive, was overshadowed by the stock’s sharper intraday advance. The broader market environment was characterised by a volatile Sensex, which, despite a strong opening, retreated to close lower. Mega-cap stocks led the market rally earlier in the session, but the overall index could not sustain the gains.

Welspun Corp Ltd.’s market capitalisation grade stands at 3, reflecting its mid-tier position within the market capitalisation spectrum. The company’s Mojo Score is 47.0, with a current Mojo Grade of Sell, downgraded from Hold on 8 Dec 2025. This rating change indicates a cautious stance from the rating agency despite the stock’s recent price strength.

Summary of Trading Action and Market Dynamics

Welspun Corp Ltd.’s strong intraday performance on 3 Feb 2026 was driven by an early gap up and sustained buying interest throughout the session. The stock’s ability to outperform both its sector and the broader market indices highlights its current momentum. Despite the Sensex’s retreat from its opening highs, Welspun Corp Ltd. maintained a robust upward trajectory, supported by favourable technical indicators in the short and medium term.

While the stock remains below its longer-term moving averages, the recent gains and three-day consecutive rise suggest a positive trading sentiment. The downgrade in Mojo Grade to Sell earlier in December 2025 contrasts with the current price action, indicating a divergence between rating assessments and market behaviour.

Overall, Welspun Corp Ltd.’s intraday high and strong performance today underscore its capacity to deliver notable price movements within a volatile market environment.

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