Usha Martin Ltd

Stage 2 · Advancing · week 25Setup 6.1 ★ FairEven -0.1

As of 16 Oct 2026, Usha Martin is in Stage 2 — advancing, the uptrend phase, in week 25 (since 29 Apr 2026). It closed at ₹491, 8.2% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally. More about the company

₹491.3

+1.74% today

₹14,955 Cr · Mid cap

Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

6.1 ★ Fair

Momentum

Steady

Edge

Even -0.1

Setup-score rank among Stage 2 peers: #10 of 29 in Iron & Steel · #54 of 153 in Materials

Is USHAMART early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months ₹1,999 · 6 months

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vs 52W High

-8.2%

₹387.4 lo₹535.1 hi

8.2% below 52W high — pullback range

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 25

1w13w26w

Week 25 — proven structure, sweet spot

How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.

vs 200 DMA

5.5%

200 DMA: ₹465.6 · rising

Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.

Rel Volume

0.72x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

→

MA20 flat · +0.1% vs MA50 +0.3%

Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.

+2.6%

-0.7%

+10.0%

YTD

+8.7%

+10.1%

Sector

Materials

↓ Peaking

Stage 2%

33.6%

20d Δ

-2.9pp

1M return

-1.6%

3M return

-2.6%

Sector Stage-2 % · last 20 days

This stock ranks #91 of 151 Stage 2 stocks in Materials by RS.

Industry

Iron & Steel

↑ Building

Stage 2%

36.7%

20d Δ

+1.3pp

1M return

-0.1%

3M return

+2.9%

Industry Stage-2 % · last 20 days

Ranks #23 of 28 Stage 2 stocks in this industry.

Stage Cycle Timeline2023-07-20 → 2026-10-16

S2 14w

S2 17w

S4 16w

S2 20w

S3 15w

S2 24w

2023-07-202026-10-16

S1S2S3S4Setup score (0–10, dashed line at 5)

S2 14w → S3 12w → S2 13w → S1 1w → S2 17w → S3 8w → S2 12w → S3 4w → S4 16w → S1 2w → S4 3w → S1 5w → S2 20w → S3 15w → S4 2w → S1 1w → S2 24w current

Total tracked: 168 weeks across 17 stage runs.

Scan Membership

Pullback Hunter

Latest: 2026-07-08

Prop Scan

Latest: 2026-07-08

Breakout Watch

Latest: 2026-04-29

44 appearances in last 60 days. First seen: 2024-01-23.

Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.

Recent Stage Timeline

2026-10-16S2

Wk 25 · Vol 0.72x

2026-10-15S2

Wk 24 · Vol 0.42x

2026-10-14S2

Wk 24 · Vol 0.55x

2026-10-13S2

Wk 24 · Vol 0.61x

2026-10-12S2

Wk 24 · Vol 0.91x

2026-10-09S2

Wk 24 · Vol 0.79x

2026-10-08S2

Wk 23 · Vol 0.58x

2026-10-07S2

Wk 23 · Vol 1.12x

2026-10-06S2

Wk 23 · Vol 0.96x

2026-10-05S2

Wk 23 · Vol 1.28x

2026-10-01S2

Wk 23 · Vol 0.52x

2026-09-30S2

Wk 22 · Vol 0.99x

Sector Peers — Stage 2All →

OCCLLTD

wk 17 · -16.3% from hi

9.0

MUKANDLTD

wk 21 · -7.5% from hi

8.9

SUNFLAG

wk 3 · -9.3% from hi

8.8

CUBEXTUB

wk 2 · 0.0% from hi

8.7

NRL

wk 17 · 0.0% from hi

8.6

Moving averages & range

50 DMA

₹501.6

200 DMA

₹465.6

52W High

₹535.1

52W Low

₹387.4

5D Low

₹482.9

Resistance levels (recent highs)

20d High

₹535.1

60d High

₹535.1

120d High

₹535.1

250d High

₹535.1

Next resistance

+8.9%

to 20d High

Ask the Market AI about USHAMARTAsk →

P/E (TTM)

35.6

Forward 22.3

Earnings Growth (YoY)

+45.8%

Revenue +9.3%

ROE

+16.2%

Profit margin +12.6%

Dividend Yield

0.62%

P/B 4.7

About this companyMaterials· Iron & Steel

Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally. The company offers wire ropes, including crane, mining, elevator, oil and offshore, fishing, general engineering, aerial transportation, structural, and forestry ropes, as well as conveyor cord. It also provides spring, welding, fencing, ACSR, needle, mesh, fishhook, CHQ, spoke, and brush wires; LRPC strands comprising compacted, indented, un-bonded polymer coated, bonded polymer LRPC strands; and wire drawing and related machines. In addition, the company offers pre-tensioning, and post-tensioning solutions; pre-stressing solutions; anchorage accessories and equipment, hydraulic jacks, powerpacks, and grout pumps and agitators; and pre-stressing machines and accessories, as well as installation services. Further, it provides optical fiber, aerial cables, micro ducts, hybrid category, FTTH/drop, aerial copper, duct copper, and jelly filled copper cables. The company was formerly known as Usha Beltron Limited and changed its name to Usha Martin Limited in May 2003. The company was founded in 1960 and is based in Kolkata, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.