Key Events This Week
Feb 2: Stock opens weak at Rs.7.69, down 3.27%
Feb 3: Strong gap up opening, closing at Rs.7.95 (+3.38%)
Feb 4: Intraday surge to Rs.8.50, up 6.92%
Feb 5: Slight decline to Rs.8.44 (-0.71%)
Feb 6: Week closes at Rs.8.27 (-2.01%)
Monday, 2 February 2026: Weak Start Amid Broader Market Decline
Salasar Techno Engineering Ltd began the week on a subdued note, closing at Rs.7.69, down 3.27% from the previous Friday’s close of Rs.7.95. This decline was sharper than the Sensex’s 1.03% drop to 35,814.09, reflecting a cautious investor stance. The stock’s volume was moderate at 215,067 shares, indicating limited buying interest amid a broadly negative market mood.
Tuesday, 3 February 2026: Strong Gap Up Reflects Positive Sentiment
The stock rebounded sharply on 3 February, opening with a significant gap up and closing at Rs.7.95, a 3.38% gain on the day. This move outpaced the Sensex’s 2.63% rise to 36,755.96, signalling renewed optimism. The gap up followed an upgrade in the company’s Mojo Grade from Sell to Hold in November 2025 and its inclusion in the ‘Hidden Turnaround’ thematic list, which likely contributed to the positive sentiment.
Trading volume surged to 406,683 shares, underscoring increased investor interest. The stock’s outperformance relative to the Engineering - Industrial Equipments sector, which gained 2.7% on the day, further highlighted its relative strength.
Wednesday, 4 February 2026: Intraday Surge to Rs.8.50 Marks Peak of the Week
Salasar Techno Engineering Ltd continued its upward momentum on 4 February, hitting a day high of Rs.8.50 with a 6.92% gain. This intraday surge was notable against the Sensex’s marginal 0.37% rise to 36,890.21. The stock’s performance outpaced its sector peers by 4.81%, reflecting strong buying interest and positive trading momentum.
Volume more than doubled to 878,653 shares, indicating robust participation. The stock’s price moved above its 5-day and 20-day moving averages, signalling short-term bullish momentum, although it remained below longer-term averages, suggesting that medium- and long-term trends have yet to fully align with the recent gains.
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Thursday, 5 February 2026: Minor Pullback on Lower Volume
The stock experienced a slight decline on 5 February, closing at Rs.8.44, down 0.71%. This modest pullback occurred amid a 0.53% drop in the Sensex to 36,695.11. Volume decreased to 366,083 shares, suggesting a temporary pause in the recent buying momentum. Despite the dip, the stock remained near its weekly high, maintaining a generally positive technical posture.
Friday, 6 February 2026: Week Ends with a 2.01% Drop
Salasar Techno Engineering Ltd closed the week at Rs.8.27, down 2.01% on the day, while the Sensex inched up 0.10% to 36,730.20. The lower volume of 144,218 shares reflected reduced trading activity as the week concluded. The stock’s weekly gain of 4.03% outperformed the Sensex’s 1.51% rise, highlighting relative strength despite the late-week dip.
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Daily Price Comparison: Salasar Techno Engineering Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.7.69 | -3.27% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.7.95 | +3.38% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.8.50 | +6.92% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.8.44 | -0.71% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.8.27 | -2.01% | 36,730.20 | +0.10% |
Key Takeaways
Salasar Techno Engineering Ltd demonstrated a week of mixed but overall positive price action, with a 4.03% gain outperforming the Sensex’s 1.51% rise. The strong gap up on 3 February and the intraday surge on 4 February were the primary drivers of this outperformance, supported by an improved Mojo Grade and thematic inclusion signalling a potential turnaround.
However, the stock’s longer-term technical indicators remain mixed, with prices still below key medium- and long-term moving averages. The high beta nature of the stock contributed to its volatility, with sharp swings both upwards and downwards during the week. Volume trends suggest that investor interest peaked midweek before tapering off towards Friday.
While the short-term momentum appears constructive, the stock’s one-month and three-month returns remain negative, indicating ongoing challenges in sustaining gains over longer periods. The company’s mid-tier market capitalisation and Hold rating reflect a cautious but improving outlook.
Conclusion
Salasar Techno Engineering Ltd’s performance in the week ending 6 February 2026 highlights a tentative recovery phase marked by strong intraday moves and relative outperformance against the benchmark Sensex. The gap up and intraday surge reflect renewed investor interest, likely influenced by recent rating upgrades and thematic positioning. Nevertheless, the stock’s technical profile and longer-term returns suggest that caution remains warranted as it navigates resistance levels and broader market conditions. Investors should monitor upcoming sessions for confirmation of sustained momentum or potential retracements.
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