SML Mahindra Ltd Surges 26.07% in a Week: 5 Key Drivers Behind the Rally

9 February 2026: Strong Intraday Rally and Technical Momentum Shift

On 9 February, SML Mahindra Ltd opened with a gap up and surged intraday by 8.48%, reaching a high of Rs.4,040.5. The stock closed at Rs.3,930.90, up 5.61%, significantly outperforming the Sensex’s 1.04% gain. This marked a reversal after two days of decline and was supported by the stock trading above all major moving averages (5, 20, 50, 100, 200 days), signalling renewed bullish momentum.

Technical indicators showed a nuanced shift with the MACD remaining bullish on weekly and monthly charts, though the RSI hovered neutral, suggesting cautious optimism. Volume trends were mixed, with On-Balance Volume mildly bearish, indicating a potential consolidation phase despite the price strength. The MarketsMOJO Mojo Score was upgraded to 58.0 (Hold) from Sell, reflecting improved market sentiment.

10 February 2026: Upper Circuit Hit Amid Robust Buying and Volatility

The momentum accelerated on 10 February as SML Mahindra surged 10.00% intraday, hitting an upper circuit close at Rs.4,295.0. The stock outperformed the automobile sector by over 7%, with total traded volume reaching 1.72 lakh shares and turnover of Rs.72.16 crore, indicating strong liquidity and investor interest. The weighted average price suggested early profit-taking before a late-session surge.

Technical indicators strengthened with the stock trading above all key moving averages and a Mojo Score upgrade to 65.0 (Hold). The stock’s intraday volatility was elevated at 6.22%, reflecting active trading. This day marked the second consecutive gain, cumulatively up 14.32%, underscoring sustained bullish sentiment despite broader market modest gains.

12 February 2026: New 52-Week and All-Time Highs Amid Mixed Market

SML Mahindra reached a new 52-week high of Rs.4,864.65 on 12 February, surging 10.00% intraday and closing near peak levels. The stock outperformed the Sensex, which declined 0.66%, and the automobile sector by 9.08%. This marked the fourth consecutive day of gains, delivering a 30.7% return over this period.

Intraday volatility was significant, with a range from Rs.4,320 to Rs.4,864.65. The stock maintained its position above all major moving averages, reinforcing a strong bullish trend. The Mojo Score remained at 65.0 (Hold), reflecting continued positive reassessment. Despite the broader market softness, SML Mahindra’s technical strength and volume support highlighted robust investor confidence.

13 February 2026: New 52-Week High at Rs.4,931.5 with Slight Pullback

On the final trading day of the week, SML Mahindra hit a fresh 52-week and all-time high of Rs.4,931.5, before closing at Rs.4,692.35, down 3.52% intraday and 1.47% on the day. The stock underperformed the automobile sector’s 2.13% decline but still outperformed the Sensex’s 0.85% fall. This slight pullback followed five consecutive days of gains and may indicate short-term consolidation after a strong rally.

The stock remained firmly above all key moving averages, signalling sustained technical strength. The Mojo Score held steady at 65.0 (Hold), reflecting a balanced outlook amid high volatility. Delivery volumes and trading activity remained robust, underscoring continued investor interest despite the minor correction.

Daily Price Comparison: SML Mahindra Ltd vs Sensex (9-13 Feb 2026)

Key Takeaways

Strong Outperformance: SML Mahindra Ltd’s 26.07% weekly gain dwarfed the Sensex’s 0.54% decline, highlighting exceptional relative strength amid mixed market conditions.

Technical Momentum Shift: The stock’s move above all major moving averages and upgrades in Mojo Score from Sell to Hold reflect a positive technical and fundamental reassessment.

Robust Volume and Liquidity: Elevated delivery volumes and turnover, especially on 10 and 12 February, indicate genuine investor interest and accumulation rather than speculative trading.

Volatility and Consolidation: Intraday volatility was high throughout the week, with sharp intraday swings and a slight pullback on the final day suggesting short-term profit-taking or consolidation.

Sector and Market Context: The stock’s gains came despite a weak Sensex and a declining automobile sector on the last day, underscoring company-specific strength and investor confidence.

Conclusion

SML Mahindra Ltd’s performance during the week of 9 to 13 February 2026 was marked by a powerful rally driven by strong technical momentum, robust volume, and sustained buying interest. The stock’s ability to hit multiple new highs and maintain its position above key moving averages amid a volatile market environment underscores its resilience and market appeal within the automobile sector. While the slight pullback on the final day suggests some short-term consolidation, the overall trend remains bullish with a positive outlook supported by an upgraded Mojo rating. Investors should monitor volume trends and sector developments closely as the stock navigates this phase of heightened activity and valuation expansion.

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