Intraday Trading Highlights
On the trading day, Sterlite Technologies Ltd demonstrated significant momentum, registering an intraday high of Rs 121.95, which represents a 14.72% increase from its previous close. The stock’s weighted average price volatility stood at 8.92%, indicating active price swings during the session. This volatility was accompanied by a day change of 12.7%, substantially outperforming the Telecom - Equipment & Accessories sector by 11.79% and the Sensex benchmark, which gained a modest 0.26% on the day.
The stock has been on an upward trajectory for two consecutive days, delivering a cumulative return of 19.92% over this period. This recent surge has propelled Sterlite Technologies Ltd above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong short- to long-term price momentum.
Market Context and Sector Comparison
The broader market environment on 1 Feb 2026 was positive, with the Sensex opening 119.19 points higher and trading at 82,451.35, up 0.22%. Although the Sensex remains 4.5% below its 52-week high of 86,159.02, mega-cap stocks led the gains, supporting overall market sentiment. The Sensex’s 50-day moving average is positioned above its 200-day moving average, a technical indicator often interpreted as a bullish signal for the market.
Within this context, Sterlite Technologies Ltd’s performance stands out. Its one-day gain of 12.09% far exceeds the Sensex’s 0.26% rise, while its one-week return of 35.55% dwarfs the Sensex’s 1.16% gain. Over the one-month horizon, the stock has appreciated 16.70%, contrasting with the Sensex’s decline of 2.59%. Even on a year-to-date basis, Sterlite Technologies Ltd has advanced 14.95%, while the Sensex has fallen 3.21%.
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Mojo Score and Rating Update
Sterlite Technologies Ltd currently holds a Mojo Score of 31.0, with a Mojo Grade of Sell as of 28 Jan 2026, an improvement from its previous Strong Sell rating. The company’s market capitalisation grade stands at 3, reflecting its mid-tier market cap status within the Telecom - Equipment & Accessories sector. This rating upgrade indicates a relative improvement in the company’s financial and market metrics, although the overall grade remains cautious.
Volatility and Moving Averages Analysis
The stock’s intraday volatility of 8.92% is notable, suggesting active trading interest and price fluctuations. Such volatility can be attributed to the stock’s recent gains and the broader market’s positive tone. The fact that Sterlite Technologies Ltd is trading above all major moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day – underscores a strong technical positioning. This alignment of moving averages often signals sustained buying pressure and a positive trend across multiple timeframes.
Performance Relative to Sensex Over Various Periods
Examining Sterlite Technologies Ltd’s performance over longer periods reveals a mixed picture. While the stock has outperformed the Sensex over the past year with a 50.35% gain compared to the Sensex’s 7.46%, it has underperformed over three and five years, with returns of -11.79% and -11.25% respectively, against the Sensex’s robust 38.63% and 78.21% gains. Over a decade, the stock has appreciated 83.05%, lagging behind the Sensex’s 231.65% rise. These figures highlight the stock’s recent resurgence amid a longer-term period of relative underperformance.
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Summary of Trading Action
The strong intraday performance of Sterlite Technologies Ltd on 1 Feb 2026 was characterised by a sharp price rise, elevated volatility, and sustained gains above key technical levels. The stock’s 12.7% day change and 14.72% intraday high reflect a significant move that outpaced both its sector and the broader market. This performance follows a two-day rally that has delivered nearly 20% returns, signalling a period of heightened market activity and positive price momentum.
While the stock’s Mojo Grade remains at Sell, the recent upgrade from Strong Sell and the positive price action suggest a shift in market perception. The company’s position above all major moving averages further supports the technical strength observed during the session. However, longer-term performance metrics indicate that the stock has experienced periods of underperformance relative to the Sensex over multi-year horizons.
Overall, the trading session on 1 Feb 2026 marks a notable day for Sterlite Technologies Ltd, with its intraday high and strong gains underscoring a significant market move within the Telecom - Equipment & Accessories sector.
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