Key Events This Week
Feb 23: Stock opens at Rs.52.55, down 3.95% amid broader Sensex gains
Feb 24: Recovery with 3.10% gain to Rs.54.18 despite Sensex decline
Feb 26: Stock hits new 52-week high of Rs.64.92 and upper circuit limit
Feb 27: New 52-week high at Rs.72, closing at Rs.71.00 (+9.37%)
23 February 2026: Sharp Opening Decline Amid Positive Sensex
Tarmat Ltd began the week on a weak note, closing at Rs.52.55, down 3.95% from the previous close. This decline contrasted with the Sensex’s 0.39% gain to 36,817.86, indicating stock-specific selling pressure. The volume was relatively low at 3,959 shares, suggesting limited participation. This initial weakness set the stage for a volatile week ahead.
24 February 2026: Recovery Despite Broader Market Weakness
The stock rebounded strongly on 24 February, gaining 3.10% to close at Rs.54.18. This recovery occurred despite the Sensex falling 0.78% to 36,530.09, highlighting relative strength in Tarmat Ltd. The volume more than doubled to 8,324 shares, signalling renewed investor interest. The stock’s resilience amid a declining market suggested emerging positive momentum.
26 February 2026: Breakout to New 52-Week High and Upper Circuit Surge
On 26 February, Tarmat Ltd delivered a spectacular performance, surging 20.00% to close at Rs.64.92, a new 52-week high. The stock opened with a 3.07% gap up and traded within a wide intraday range of Rs.55.39 to Rs.64.89, hitting the upper circuit limit of 20%. Volume exploded to 42,968 shares, reflecting robust buying interest and liquidity. This rally outpaced the Sensex’s modest 0.19% gain and the construction sector’s 0.60% advance, underscoring company-specific strength.
The weighted average price indicated that most trades occurred near the lower end of the day’s range, suggesting aggressive accumulation early in the session. Delivery volumes on the previous day had risen by 48.22%, confirming genuine investor participation rather than speculative intraday activity. Despite the surge, the stock’s Mojo Score remained at 28.0, categorised as a Strong Sell, reflecting fundamental concerns amid technical strength.
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27 February 2026: New 52-Week High at Rs.72 Amid Mixed Market
The momentum continued on 27 February as Tarmat Ltd hit another 52-week high of Rs.72, closing at Rs.71.00, up 9.37% on the day. The stock opened with a 10.75% gap up and reached an intraday high of Rs.72. This two-day rally delivered a cumulative return of 27.54%, far outstripping the Sensex’s 1.16% decline to 36,322.56. Volume surged to 101,048 shares, confirming strong market participation.
Despite the broader market’s cautious tone, Tarmat Ltd’s shares traded above all key moving averages, signalling sustained technical strength. The Mojo Score improved to 44.0 with a Sell rating, upgraded from Strong Sell the previous day, reflecting a modest improvement in fundamentals. The stock’s one-year return of 20.80% also outpaced the Sensex’s 9.82%, highlighting its relative resilience.
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Daily Price Comparison: Tarmat Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.52.55 | -3.95% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.54.18 | +3.10% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.54.10 | -0.15% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.64.92 | +20.00% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.71.00 | +9.37% | 36,322.56 | -1.16% |
Key Takeaways from the Week
Strong Price Momentum: Tarmat Ltd’s 29.78% weekly gain was driven by two consecutive days of hitting new 52-week highs and an upper circuit surge, signalling robust investor demand and technical strength.
Volume and Delivery Trends: The surge in volumes, especially on 26 and 27 February, alongside a 48.22% increase in delivery volumes on 25 February, indicates genuine accumulation rather than speculative trading.
Technical Indicators: The stock consistently traded above all key moving averages, reinforcing a bullish trend and sustained buying interest across multiple timeframes.
Fundamental Caution: Despite the price rally, the Mojo Score remained cautious, moving from Strong Sell to Sell, reflecting ongoing concerns about fundamentals and valuation.
Market Divergence: The stock’s strong outperformance contrasted with the Sensex’s 0.96% decline, highlighting company-specific factors driving the rally amid mixed broader market conditions.
Sector Context: Operating in the construction sector, Tarmat Ltd’s rally outpaced sector gains, suggesting either positive company developments or speculative interest distinct from broader industry trends.
Overall, the week was characterised by a dramatic turnaround from early weakness to a powerful rally, culminating in new highs and strong volume support. While technical signals are positive, the cautious fundamental rating advises careful monitoring of upcoming developments.
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