Mangalam Cement Ltd Opens Strong with Significant Gap Up on 9 Feb 2026

Opening Price Surge and Intraday Performance

The stock of Mangalam Cement Ltd opened sharply higher by 15.4% compared to its previous close, marking a notable gap up that set the tone for the trading session. The intraday high reached Rs.903.4, establishing a fresh 52-week peak. This surge was accompanied by elevated volatility, with an intraday volatility measure of 12.75% based on the weighted average price, indicating active trading and price fluctuations throughout the day.

Despite the volatility, the stock maintained its gains, closing with a day change of 2.79%, outperforming the Sensex which recorded a modest 0.44% increase. This relative strength highlights Mangalam Cement’s resilience and appeal within the Cement & Cement Products sector on this trading day.

Recent Performance and Moving Averages

Over the past month, Mangalam Cement has delivered a 7.39% return, significantly outpacing the Sensex’s 0.44% gain over the same period. The stock has also recorded consecutive gains over the last two trading sessions, accumulating a 2.98% return in this timeframe. This positive trend is supported by technical indicators, with the stock trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a strong upward momentum across multiple time horizons.

Technical Indicators and Market Sentiment

The technical landscape for Mangalam Cement Ltd presents a mixed but predominantly positive picture. On a daily basis, moving averages signal bullish momentum, while weekly indicators such as MACD, Bollinger Bands, and KST also reflect bullish tendencies. Conversely, monthly indicators show mild bearishness in MACD, Bollinger Bands, KST, and Dow Theory, suggesting some caution over longer-term trends.

The Relative Strength Index (RSI) is bullish on a monthly scale but neutral on a weekly basis, indicating that while the stock has upward momentum, it is not currently overbought. The On-Balance Volume (OBV) metric is mildly bullish weekly and neutral monthly, implying that volume trends support the recent price gains but without strong conviction over extended periods.

Volatility and Beta Considerations

Mangalam Cement Ltd is classified as a high beta stock, with an adjusted beta of 1.35 relative to the SMLCAP index. This elevated beta suggests that the stock is more sensitive to market movements, typically experiencing larger price swings than the broader market. The high intraday volatility observed today aligns with this characteristic, reflecting the stock’s responsiveness to market catalysts and investor activity.

Sector and Market Comparison

Within the Cement & Cement Products sector, Mangalam Cement has outperformed its peers today by 2.45%, reinforcing its relative strength. The stock’s ability to sustain gains above key moving averages and establish new highs indicates a favourable positioning compared to sector benchmarks. The market capitalisation grade of 3 and a Mojo Score of 58.0, upgraded from a previous Sell rating to Hold as of 2 February 2026, reflect a reassessment of the stock’s quality and market standing.

Gap Fill Potential and Momentum Sustainability

The significant gap up opening often raises questions about the potential for a gap fill, where prices retrace to previous levels. However, Mangalam Cement’s sustained trading above all major moving averages and the establishment of a new 52-week high suggest that the gap is supported by underlying strength rather than speculative spikes. The stock’s consecutive gains over recent sessions and outperformance relative to the Sensex and sector further reinforce the momentum’s durability.

Nonetheless, the high beta and volatility imply that price swings may continue, and intraday fluctuations could present opportunities for short-term retracements. Investors monitoring the stock should note the balance between strong upward momentum and the inherent volatility associated with its market profile.

Summary of Key Metrics

Mangalam Cement Ltd’s key performance indicators for the day include:

• Opening gain: 15.4%
• Intraday high: Rs.903.4 (new 52-week high)
• Day’s closing gain: 2.79%
• Intraday volatility: 12.75%
• One-month return: 7.39%
• Outperformance vs Sensex (1 day): 2.35%
• Outperformance vs sector (1 day): 2.45%
• Mojo Score: 58.0 (Hold rating, upgraded from Sell on 2 Feb 2026)
• Market Cap Grade: 3
• Beta: 1.35 (high beta stock)

These figures collectively illustrate a stock that has gained positive traction in the market, supported by technical strength and sector outperformance.

Conclusion

Mangalam Cement Ltd’s strong gap up opening and subsequent trading session reflect a positive market sentiment and technical robustness. The stock’s ability to maintain gains above key moving averages and establish new highs amid high volatility underscores its current momentum. While the high beta nature of the stock suggests continued price sensitivity, the prevailing indicators point to sustained strength rather than immediate retracement. This performance marks a notable shift from its previous rating, aligning with the recent upgrade to a Hold status and signalling improved market perception within the Cement & Cement Products sector.

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