Sterlite Technologies Ltd Hits Intraday High with 9.7% Surge on 10 Feb 2026

Intraday Trading Highlights

The stock of Sterlite Technologies Ltd, a key player in the Telecom - Equipment & Accessories sector, demonstrated strong momentum throughout the trading session. It touched an intraday high of Rs 155.5, representing an 8.86% rise from its previous close. This surge contributed to a day change of 9.7%, underscoring the stock’s resilience and buying interest during the session.

Notably, Sterlite Technologies Ltd has been on a positive trajectory for the past two consecutive days, delivering a cumulative return of 17.18% over this period. The stock is currently trading above all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum and technical strength.

Market Context and Sector Comparison

The broader market environment also supported Sterlite Technologies Ltd’s performance. The Sensex opened 144.25 points higher and was trading at 84,368.07 by midday, up 0.36%. The index remains just 2.12% shy of its 52-week high of 86,159.02 and is on a three-week consecutive rise, having gained 3.47% over this period. Mega-cap stocks led the market gains, contributing to the positive sentiment.

Within this context, Sterlite Technologies Ltd outperformed the Sensex’s daily gain of 0.33% by a wide margin, reflecting its relative strength. Over longer time frames, the stock’s performance has been notably superior to the benchmark. For instance, it has delivered a 1-year return of 104.44% compared to the Sensex’s 9.10%, and a year-to-date gain of 51.52% versus the Sensex’s decline of 1.03%. These figures highlight the stock’s strong growth trajectory relative to the broader market.

Mojo Score and Ratings Update

Sterlite Technologies Ltd currently holds a Mojo Score of 44.0, with a Mojo Grade of Sell as of 28 Jan 2026, upgraded from a previous Strong Sell rating. The market capitalisation grade stands at 3, reflecting its mid-tier valuation within the sector. This recent upgrade in rating coincides with the stock’s recent price strength and improved technical indicators.

Performance Across Time Horizons

The stock’s performance over various time frames further illustrates its volatility and growth potential. Over the past month, Sterlite Technologies Ltd has surged by 67.16%, vastly outperforming the Sensex’s 0.92% gain. Its three-month return of 36.33% also eclipses the Sensex’s 0.97% rise. However, over longer horizons such as five and ten years, the stock’s returns of 17.67% and 168.71% respectively, trail the Sensex’s 64.38% and 255.00% gains, indicating periods of relative underperformance in the past.

Year-to-date, the stock’s 51.52% gain contrasts sharply with the Sensex’s 1.03% decline, highlighting its strong start to the year and ability to buck broader market trends.

Technical Indicators and Moving Averages

Technical analysis reveals that Sterlite Technologies Ltd is trading comfortably above all key moving averages, including the short-term 5-day and 20-day, as well as the longer-term 50-day, 100-day, and 200-day averages. This alignment suggests a bullish trend and confirms the stock’s current strength in the market. The consistent gains over the last two days and the new 52-week high reinforce this positive technical outlook.

Sector and Industry Positioning

Sterlite Technologies Ltd operates within the Telecom - Equipment & Accessories sector, which has seen mixed performance in recent months. Despite sector volatility, the company’s stock has demonstrated resilience and outperformance, as evidenced by its 9.94% gain today compared to the Sensex’s 0.33% rise. This outperformance is particularly notable given the sector’s competitive landscape and the broader market’s cautious optimism.

The stock’s ability to maintain gains above key moving averages and its recent upgrade in Mojo Grade from Strong Sell to Sell indicate a shift in market perception and technical strength, which has been reflected in its intraday trading action.

Summary of Trading Action

On 10 Feb 2026, Sterlite Technologies Ltd’s stock price action was characterised by strong buying interest, pushing the price to a new 52-week high of Rs 155.5. The stock’s 9.7% day change and 8.86% intraday high increase underscore its robust performance relative to both the sector and the broader market. The stock’s consistent gains over the last two days, combined with its position above all major moving averages, highlight a sustained positive momentum.

While the Sensex continues to trade near its 52-week high and maintains a bullish technical setup, Sterlite Technologies Ltd’s outperformance signals a notable divergence and strength within its industry segment.

Conclusion

Sterlite Technologies Ltd’s strong intraday performance on 10 Feb 2026, marked by a 9.7% surge and a new 52-week high, reflects a significant technical rebound and market interest. The stock’s positioning above key moving averages and its recent Mojo Grade upgrade provide further context to its current strength. This performance stands out against a broadly positive Sensex environment, with the stock outperforming both the benchmark and its sector peers across multiple time frames.

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