Intraday Trading Highlights
The stock opened with a notable gap up of 13.59%, signalling strong buying interest from the outset. Throughout the trading session, Sterlite Technologies Ltd maintained upward momentum, eventually touching its peak price of Rs 129. This intraday high represents a substantial 17.27% gain, well above the sector’s 5.21% advance in the Cable segment. The day’s overall price change closed at 10.32%, underscoring sustained strength beyond the initial surge.
Comparison with Market and Sector Performance
In contrast to the broader market, the Sensex experienced a volatile session. After opening 3,656.74 points higher, it retraced by 1,403.15 points to settle at 83,920.05, down 2.76% on the day. Despite this, Sterlite Technologies Ltd outperformed the Sensex by a wide margin, with a one-day gain of 12.32% compared to the Sensex’s 2.68% rise. This divergence highlights the stock’s relative strength amid a mixed market environment.
Over longer time frames, Sterlite Technologies Ltd’s performance remains notable. The stock has delivered a 43.08% return over the past week and a 19.20% gain year-to-date, both significantly outperforming the Sensex’s respective 2.44% and -1.61% returns. Even on a one-year basis, the company’s stock has appreciated by 55.61%, far exceeding the Sensex’s 8.64% rise.
Technical Indicators and Moving Averages
Technical analysis reveals that Sterlite Technologies Ltd is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a strong upward trend and positive price momentum. The stock’s ability to sustain levels above these averages during the session reinforces the strength of the current rally.
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Mojo Score and Rating Update
Sterlite Technologies Ltd currently holds a Mojo Score of 47.0, with a Mojo Grade of Sell. This represents an improvement from its previous Strong Sell grade, which was updated on 28 Jan 2026. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers. Despite the recent price strength, the rating reflects a cautious stance based on broader financial and market metrics.
Sector and Industry Context
The company operates within the Telecom - Equipment & Accessories sector, specifically in the Cable industry segment. The sector has experienced a positive day, with the Cable industry gaining 5.21%. Sterlite Technologies Ltd’s outperformance relative to its sector by 5.49% today underscores its leading position within this space during the session.
Market Environment and Broader Indices
The Sensex remains close to its 52-week high of 86,159.02, currently trading 2.67% below that peak. While the index is trading below its 50-day moving average, the 50DMA itself is positioned above the 200DMA, indicating a longer-term positive trend. Mega-cap stocks have been the primary drivers of the market’s 2.76% gain today, although Sterlite Technologies Ltd’s performance has outpaced many of these larger names.
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Performance Summary Over Various Time Frames
Examining Sterlite Technologies Ltd’s returns over multiple periods highlights its recent strength and longer-term volatility. The stock’s one-month gain of 19.20% contrasts with the Sensex’s decline of 2.23% over the same period. Over three months, the stock has risen 1.65%, slightly outperforming the Sensex’s marginal fall of 0.15%. However, over three and five years, the stock has declined by 5.42% and 6.36% respectively, while the Sensex has advanced by 37.82% and 66.85% in those periods. Over a decade, Sterlite Technologies Ltd has delivered a 109.79% gain, compared to the Sensex’s 246.16% rise.
Trading Action and Market Sentiment
The strong intraday performance and sustained gains above key moving averages suggest robust trading interest in Sterlite Technologies Ltd. The stock’s ability to outperform both its sector and the broader market during a session where the Sensex lost momentum after a gap up opening indicates a focused demand for the company’s shares. This trading action reflects a notable shift in market dynamics for the stock on 3 Feb 2026.
Summary of Key Metrics
To summarise, Sterlite Technologies Ltd’s key intraday metrics on 3 Feb 2026 include:
- Intraday high of Rs 129, up 17.27%
- Opening gap up of 13.59%
- Day’s closing gain of 10.32%
- Outperformance of sector by 5.49%
- Trading above all major moving averages (5, 20, 50, 100, 200 days)
- Mojo Score of 47.0 with a Sell grade, upgraded from Strong Sell
This comprehensive data underscores the stock’s strong intraday showing and its relative strength within the Telecom - Equipment & Accessories sector on the day.
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