ELGIRUBCO.NS Elgi Rubber (NSE) up 20.00% intraday 06 Mar 2026: momentum may carry higher targets

ELGIRUBCO.NS stock surged 20.00% intraday to INR 45.90 on the NSE on 06 Mar 2026, led by heavy volume of 761,096 shares. The move pushed price above the 50-day average of INR 41.73 and put the counter back on traders’ radars. This intraday rally follows low recent liquidity and negative trailing earnings, so the spike appears driven by momentum and technical flows. We break down price action, valuation, Meyka AI grade, and a practical trading framework for intraday and short-term holders