Key Events This Week
09 Feb: New 52-week high at Rs.143.6
10 Feb: All-time high reached at Rs.163.4 amid record volumes
11 Feb: Sharp correction with lower circuit hit at Rs.143.18
12 Feb: Recovery rally with 8.2% intraday surge to Rs.153.15
13 Feb: Week closes at Rs.155.90, up 0.71% on the day
09 February 2026: New 52-Week High Sparks Momentum
Sterlite Technologies Ltd began the week on a strong note, hitting a new 52-week high of Rs.143.6 on 9 February 2026. The stock surged 7.85% to close at Rs.142.85, significantly outperforming the Sensex’s 1.04% gain. This breakout was supported by the stock trading above all key moving averages, signalling robust technical momentum. The surge was accompanied by a healthy volume of 4.93 lakh shares, reflecting growing investor interest. The company’s Mojo Score remained at 44.0 with a Sell rating, upgraded from Strong Sell, indicating cautious optimism despite the price strength.
10 February 2026: Record Highs and Exceptional Volume
The bullish momentum accelerated on 10 February, with Sterlite Technologies hitting an intraday high of Rs.163.4, a remarkable 14.39% increase from the previous close. The stock closed at Rs.157.60, up 10.33%, far outpacing the Sensex’s modest 0.25% gain. Trading volumes surged to 3.47 million shares, with a traded value nearing ₹298.82 crores, placing the stock among the highest value equities of the day. Institutional participation was evident, with delivery volumes rising 5.58% over the five-day average. The stock’s technical position remained strong, trading above all major moving averages, reinforcing the bullish trend. Despite this, the Mojo Grade stayed at Sell, reflecting ongoing fundamental caution.
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11 February 2026: Sharp Correction and Lower Circuit Hit
After two days of strong gains, Sterlite Technologies faced intense selling pressure on 11 February, plunging 9.11% to close at Rs.143.25. The stock hit its lower circuit limit of 9.99%, settling at Rs.143.18 amid panic selling and a wide intraday range of Rs.15.74. Despite the sharp fall, the stock remained above its key moving averages, suggesting the longer-term uptrend was intact. Trading volumes surged to over 8.56 million shares, with delivery volumes doubling compared to the five-day average, indicating a mix of distribution and accumulation. The stock underperformed its sector by 8.92%, while the Sensex remained nearly flat. The Mojo Grade remained Sell, reflecting the cautious stance amid volatility.
12 February 2026: Recovery Rally Amid Mixed Market
Sterlite Technologies rebounded strongly on 12 February, surging 8.06% intraday to a high of Rs.153.15 and closing at Rs.154.80, up 8.2% on the day. This rally outpaced the Telecom Equipment sector by 5.8% and contrasted with the Sensex’s 0.56% decline. The stock’s position above all major moving averages reinforced the technical strength supporting the recovery. Year-to-date, the stock had gained 49.73%, significantly ahead of the Sensex’s negative 1.66%. The Mojo Grade remained Sell, upgraded from Strong Sell, signalling a tempered but improving outlook.
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13 February 2026: Week Closes on a Positive Note
The stock continued its upward momentum on 13 February, closing at Rs.155.90, up 0.71% on the day. Despite the Sensex’s 1.40% decline, Sterlite Technologies maintained its technical strength, supported by sustained volume and investor interest. The week’s overall gain of 17.70% against the Sensex’s 0.54% loss highlights the stock’s strong relative performance. The Mojo Grade remained Sell, reflecting a cautious but improving sentiment. The stock’s ability to recover quickly after the midweek correction underscores its resilience amid volatile market conditions.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.142.85 | +7.85% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.157.60 | +10.33% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.143.25 | -9.11% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.154.80 | +8.06% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.155.90 | +0.71% | 36,532.48 | -1.40% |
Key Takeaways
Strong Outperformance: Sterlite Technologies outpaced the Sensex by 18.24% over the week, driven by multiple new 52-week highs and robust price gains.
Volatility and Correction: The sharp 9.99% lower circuit hit on 11 February highlighted short-term volatility and profit-taking, but the stock’s recovery demonstrated resilience.
Institutional Interest and Volume Surge: Exceptional trading volumes and increased delivery volumes signalled genuine accumulation and strong investor participation, especially on 10 February.
Technical Strength: Consistent trading above all major moving averages throughout the week supported the bullish trend despite intermittent corrections.
Mojo Rating Caution: Despite price gains, the Mojo Grade remained at Sell, reflecting ongoing fundamental or valuation concerns that temper enthusiasm.
Conclusion
Sterlite Technologies Ltd’s week was marked by significant price appreciation and strong relative performance against the broader market. The stock’s ability to hit new highs amid high volumes and institutional interest underscores its current market appeal. However, the midweek sharp correction and persistent Sell mojo rating highlight the need for cautious evaluation. Investors should weigh the technical momentum against fundamental considerations and monitor upcoming developments closely. The stock’s resilience after the correction suggests potential for continued interest, but volatility remains a key factor in near-term trading dynamics.
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