Intraday Trading Highlights
On 3 Feb 2026, Wheels India Ltd. opened with a gap-up of 2.39%, signalling early bullish sentiment among traders. The stock maintained upward momentum throughout the session, touching a peak price of Rs 845.15, representing an 8.17% rise intraday. By market close, the stock recorded a day change of 7.47%, significantly outperforming the Auto Components & Equipments sector, which gained 3.44% on the same day.
The stock’s performance also eclipsed the broader Sensex index, which, despite opening 3,656.74 points higher, retreated by 1,377.65 points to close at 83,945.55, down 2.79%. Wheels India Ltd. thus outperformed the Sensex by 4.68 percentage points on the day, underscoring its relative strength amid a volatile market environment.
Recent Performance and Moving Averages
Wheels India Ltd. has been on a consistent upward trajectory, registering gains for six consecutive trading days. Over this period, the stock has delivered a cumulative return of 17.47%, reflecting sustained buying interest. Despite this strong short-term performance, the stock remains below its 100-day moving average, though it trades above its 5-day, 20-day, 50-day, and 200-day moving averages. This positioning suggests a positive trend in the near to medium term, with some resistance potentially encountered at the 100-day average level.
Comparatively, the Auto Ancillary sector has gained 3.44% on the day, while Wheels India Ltd.’s 7.47% rise indicates a clear outperformance within its industry group. The stock’s market capitalisation grade stands at 3, reflecting a mid-tier market cap status within its sector.
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Mojo Score and Rating Update
Wheels India Ltd. currently holds a Mojo Score of 71.0, categorised under a Buy grade. This represents an upgrade from its previous Hold rating, which was revised on 30 Jan 2026. The improved rating reflects enhanced market metrics and technical indicators supporting the stock’s recent strength. The Mojo framework integrates multiple factors including price momentum, volume trends, and fundamental data to assess stock quality and potential.
Comparative Performance Metrics
Examining Wheels India Ltd.’s performance over various timeframes relative to the Sensex index reveals a mixed but generally favourable trend. The stock outperformed the Sensex over one day (6.44% vs 2.83%), one week (16.35% vs 2.59%), one year (21.51% vs 8.80%), three years (55.23% vs 38.03%), and five years (71.26% vs 67.10%). However, it lagged the Sensex over the one-month (-6.32% vs -2.08%), three-month (-9.38% vs 0.00%), and year-to-date (-3.41% vs -1.46%) periods. This indicates some recent volatility but a strong longer-term growth trajectory.
Sector and Market Context
The Auto Components & Equipments sector, to which Wheels India Ltd. belongs, has shown resilience with a 3.44% gain on the day. This sectoral strength contrasts with the broader market’s retreat, as the Sensex closed 2.79% lower despite a strong opening. The Sensex remains close to its 52-week high, just 2.64% shy of the peak at 86,159.02. Notably, the Sensex is trading below its 50-day moving average, though the 50-day average remains above the 200-day average, signalling a mixed technical backdrop.
Within this environment, mega-cap stocks have led the market, supporting the Sensex’s overall gains earlier in the session. Wheels India Ltd.’s outperformance relative to both the sector and the Sensex highlights its strong trading interest and relative strength on 3 Feb 2026.
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Summary of Trading Action
Wheels India Ltd.’s strong intraday surge to Rs 845.15 and a day gain of 7.47% on 3 Feb 2026 reflects a continuation of positive momentum that has been building over the past week. The stock’s ability to outperform both its sector and the broader market amidst a volatile Sensex session underscores its current trading strength. The gap-up opening and sustained gains throughout the day indicate robust demand and positive sentiment among market participants.
Technical indicators, including the stock’s position relative to key moving averages, support the view of a positive trend in the near term. The recent upgrade in Mojo Grade to Buy further aligns with the observed price action and market dynamics.
Overall, Wheels India Ltd. remains a notable performer within the Auto Components & Equipments sector, with its intraday high and strong gains on 3 Feb 2026 marking a significant milestone in its recent trading pattern.
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