Key Events This Week
2 Feb: Stock opens at Rs.217.85, declines 0.82% amid broader market weakness
3 Feb: Modest recovery with 0.46% gain as Sensex rallies 2.63%
4 Feb: Stronger 1.96% rise supported by positive market sentiment
5 Feb: Technical momentum shifts amid mixed signals; stock closes slightly lower at Rs.222.60 (-0.25%)
6 Feb: Heavy volume sell-off leads to 3.30% drop; Q3 FY26 results highlight margin improvement
2 February 2026: Week Opens on a Weak Note
Star Cement began the week at Rs.217.85, down 0.82% from the previous Friday’s close of Rs.219.65. This decline came amid a broader market sell-off, with the Sensex falling 1.03% to 35,814.09. The stock’s volume was relatively low at 6,355 shares, reflecting cautious investor sentiment as the market digested mixed cues from the sector.
3 February 2026: Modest Recovery Alongside Sensex Rally
The stock rebounded modestly by 0.46% to close at Rs.218.85, supported by a strong Sensex rally of 2.63% to 36,755.96. Volume increased to 7,581 shares, indicating some renewed buying interest. Despite the positive market environment, Star Cement’s gain was muted, suggesting investors remained watchful amid ongoing sector uncertainties.
4 February 2026: Stronger Gains on Positive Market Sentiment
Star Cement advanced 1.96% to Rs.223.15, its highest close of the week, as the Sensex added a further 0.37% to 36,890.21. The stock’s volume dipped slightly to 5,788 shares, but the price action reflected a short-term technical bounce. This move brought the stock closer to its recent resistance levels, though it remained well below its 52-week high of Rs.308.10.
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5 February 2026: Technical Momentum Shifts Amid Mixed Signals
On 5 February, Star Cement’s share price closed slightly lower at Rs.222.60, down 0.25% despite intraday volatility and a range between Rs.215.25 and Rs.224.90. This day marked a subtle shift in the stock’s technical momentum from bearish to mildly bearish, reflecting a complex interplay of indicators. The Moving Average Convergence Divergence (MACD) remained bearish on weekly charts, while monthly indicators showed mild improvement. The Relative Strength Index (RSI) hovered near neutral, suggesting consolidation rather than a clear directional trend.
Volume rose to 8,687 shares, signalling increased trading activity amid mixed market signals. The stock’s price action remained below key moving averages, indicating that a sustained bullish breakout had yet to materialise. On-balance volume (OBV) readings were mildly bullish, hinting at some accumulation despite the cautious technical stance. The Mojo Score stood at 37.0 with a 'Sell' grade, reflecting analyst caution amid these mixed signals.
6 February 2026: Heavy Volume Sell-Off and Q3 FY26 Results
The final trading day saw a sharp decline of 3.30% to Rs.215.25 on exceptionally heavy volume of 214,012 shares, a significant spike compared to earlier in the week. This sell-off contrasted with a modest Sensex gain of 0.10%, underscoring stock-specific pressures. The day’s volatility was likely influenced by the release of Star Cement’s Q3 FY26 results, which showed a revival in margins powering a profit surge despite ongoing valuation concerns.
The company’s improved profitability was a positive fundamental development, yet the market reaction suggested investors remained cautious, possibly due to the stock’s stretched valuation metrics and mixed technical backdrop. The heavy volume decline may also reflect profit-taking after the midweek gains and the technical momentum shift observed on 5 February.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.217.85 | -0.82% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.218.85 | +0.46% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.223.15 | +1.96% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.222.60 | -0.25% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.215.25 | -3.30% | 36,730.20 | +0.10% |
Key Takeaways
Star Cement’s week was characterised by a divergence from the broader market trend. While the Sensex gained 1.51%, the stock declined 2.00%, reflecting company-specific challenges and mixed technical signals. The midweek technical momentum shift to mildly bearish suggested a tentative stabilisation but no clear bullish breakout.
The Q3 FY26 results provided a fundamental boost through margin revival and profit growth, yet the market’s reaction was subdued, possibly due to valuation concerns and the heavy volume sell-off on the final day. The spike in volume on 6 February indicates significant investor activity, likely profit-taking or repositioning amid uncertainty.
Technically, the stock remains below key moving averages with bearish MACD and KST oscillators on weekly charts, though monthly indicators show mild improvement. The neutral RSI and sideways Bollinger Bands point to a consolidation phase. The Mojo Score of 37.0 and 'Sell' grade reinforce a cautious stance.
Investors should monitor for a sustained move above recent highs near Rs.224.90 and watch volume trends closely. The mixed signals suggest that while the stock is not in a pronounced downtrend, a clear uptrend has yet to be confirmed.
Conclusion
Star Cement Ltd.’s performance this week was shaped by a complex interplay of technical and fundamental factors. Despite a margin-driven profit surge in Q3 FY26, the stock declined 2.00%, underperforming the Sensex’s 1.51% gain. The technical momentum shifted to mildly bearish, reflecting cautious investor sentiment amid volatility and heavy volume on the last trading day.
The stock’s inability to decisively break above resistance levels and the mixed technical indicators suggest a consolidation phase rather than a clear directional trend. The current Mojo Score and analyst ratings underline the need for prudence. Market participants should watch for confirmation of a bullish reversal through moving average crossovers and sustained volume support before considering increased exposure.
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