Key Events This Week
2 Feb: Stock opens at Rs.23.57, down 3.87% amid broader market weakness
3 Feb: Strong gap up opening with 16.42% surge, intraday high of Rs.27.44
4 Feb: Continued gains with 2.30% rise to Rs.25.40
5 Feb: Minor pullback of 1.26% to Rs.25.08
6 Feb: Recovery with 2.87% gain, closing the week at Rs.25.80
2 February 2026: Weak Start Amid Market Decline
Centrum Capital Ltd began the week on a subdued note, closing at Rs.23.57, down 3.87% from the previous close. This decline coincided with a broader market sell-off, as the Sensex fell 1.03% to 35,814.09. The stock’s volume was relatively low at 8,790 shares, reflecting cautious investor sentiment. The drop aligned with the NBFC sector’s muted performance and general market volatility, setting a challenging tone for the week’s outset.
3 February 2026: Strong Gap Up and Intraday Rally
On 3 February, Centrum Capital Ltd delivered a remarkable performance, opening with a 16.42% gap up and surging to an intraday high of Rs.27.44, representing a 7.72% gain from the previous close. The stock closed at Rs.24.83, up 5.35% on the day, outperforming the Sensex’s 2.63% gain and the NBFC sector’s 3.21% rise. This rally was driven by heightened market enthusiasm and increased trading volumes, which rose sharply to 23,406 shares.
The intraday volatility was significant at 9.54%, reflecting active trading and investor interest. Despite this strong short-term momentum, the stock remained below its longer-term moving averages, indicating potential resistance ahead. Technical indicators presented a mixed picture, with bearish signals prevailing on weekly and monthly charts, while the high beta of 1.43 underscored the stock’s susceptibility to sharp price swings.
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4 February 2026: Continued Gains on Strong Volume
The positive momentum extended into 4 February, with Centrum Capital Ltd closing at Rs.25.40, a 2.30% increase from the previous day. The stock’s volume surged to 79,540 shares, indicating sustained investor interest. The Sensex also advanced modestly by 0.37% to 36,890.21, while the NBFC sector maintained its upward trajectory. The stock’s performance on this day reinforced the short-term bullish sentiment, although it remained below key longer-term moving averages.
5 February 2026: Minor Pullback Amid Thin Trading
On 5 February, Centrum Capital Ltd experienced a slight decline, closing at Rs.25.08, down 1.26%. Trading volume was notably thin at 1,242 shares, suggesting limited market participation. The Sensex retreated 0.53% to 36,695.11, reflecting broader market caution. This minor pullback may be interpreted as profit-taking following the previous days’ gains, with the stock consolidating near recent highs.
6 February 2026: Recovery and Weekly Close
The week concluded on a positive note as Centrum Capital Ltd rebounded to close at Rs.25.80, up 2.87% on the day with a volume of 2,053 shares. The Sensex edged higher by 0.10% to 36,730.20. This recovery helped the stock secure a weekly gain of 5.22%, significantly outperforming the Sensex’s 1.51% rise. The closing price was well above the week’s opening level of Rs.23.57, underscoring the stock’s resilience amid a mixed market backdrop.
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Daily Price Comparison: Centrum Capital Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.23.57 | -3.87% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.24.83 | +5.35% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.25.40 | +2.30% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.25.08 | -1.26% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.25.80 | +2.87% | 36,730.20 | +0.10% |
Key Takeaways
Outperformance Amid Volatility: Centrum Capital Ltd outpaced the Sensex by nearly 3.7 percentage points over the week, driven primarily by the strong gap up and intraday rally on 3 February. This highlights the stock’s capacity for sharp moves in a volatile market environment.
Mixed Technical Signals: Despite the short-term gains, the stock remains below its 20-day and longer moving averages, with bearish MACD and Bollinger Bands indicators on weekly and monthly charts. This suggests that the recent rally may face resistance and that the broader downtrend is yet to be decisively reversed.
High Beta and Volatility: The stock’s adjusted beta of 1.43 indicates heightened sensitivity to market movements, consistent with the pronounced gap up and intraday swings observed. Investors should be mindful of this volatility when assessing the stock’s risk profile.
Fundamental Caution: MarketsMOJO’s Strong Sell rating with a Mojo Score of 16.0 reflects ongoing concerns about the stock’s fundamentals and medium-term outlook, despite the recent price strength. This rating was upgraded from Sell in late November 2025, signalling a cautious stance.
Conclusion
Centrum Capital Ltd’s week was characterised by a strong rebound from a weak start, culminating in a 5.22% gain that outperformed the broader market’s 1.51% rise. The significant gap up and intraday rally on 3 February were the defining moments, reflecting positive market sentiment within the NBFC sector. However, the persistence of bearish technical indicators and a Strong Sell Mojo Grade suggest that this rally may be a short-term reprieve rather than a sustained reversal. The stock’s high beta further emphasises its volatility, making it a stock to watch closely amid ongoing market fluctuations.
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