Key Events This Week
9 Feb: Stock opens strong with 2.52% gain to Rs.13,046.65
10 Feb: New 52-week high touched at Rs.13,104; technical momentum shifts mildly bullish
11 Feb: Golden Cross formation signals potential bullish breakout
12 Feb: Mojo Grade upgraded from Hold to Buy on strong technical and financial performance
13 Feb: Technical momentum signals bullish outlook despite minor price decline
9 February 2026: Strong Opening Rally Amid Positive Market Sentiment
UltraTech Cement Ltd began the week on a robust note, surging 2.52% to close at Rs.13,046.65. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, signalling strong investor interest. The stock’s volume of 10,369 shares reflected solid participation. This initial momentum set the tone for the week, supported by broader market optimism and the company’s steady fundamentals.
10 February 2026: New 52-Week High and Mildly Bullish Technical Momentum
On 10 February, UltraTech Cement reached a new 52-week high of Rs.13,104, marking a significant milestone. Despite a slight day decline of 0.25% to Rs.13,013.45, the stock maintained its elevated levels above key moving averages, confirming sustained strength. Technical indicators shifted from sideways to mildly bullish, with weekly MACD and Bollinger Bands signalling upward momentum. The Sensex also advanced 0.25% to 37,207.34, but UltraTech’s relative outperformance was notable.
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11 February 2026: Golden Cross Formation Signals Potential Bullish Breakout
The stock experienced a key technical event on 11 February with the formation of a Golden Cross, where the 50-day moving average crossed above the 200-day moving average. This is widely regarded as a bullish signal indicating a potential long-term trend reversal. Although the stock closed lower at Rs.12,969.75 (-0.34%), this technical development suggested strengthening medium-term momentum. The Sensex edged up 0.13% to 37,256.72, but UltraTech’s technical setup stood out as a positive indicator for investors.
12 February 2026: Upgrade to Buy Rating on Strong Technical and Financial Performance
MarketsMOJO upgraded UltraTech Cement Ltd’s Mojo Grade from Hold to Buy on 11 February, reflecting improved technical indicators and robust financial results. The company reported a 54.9% year-on-year increase in Profit Before Tax excluding Other Income to ₹2,236.67 crores, alongside a 22.78% rise in net sales to ₹21,829.68 crores. Profit After Tax grew 31.9% to ₹1,792.99 crores. Despite a minor price dip of 0.53% to Rs.12,945.10, the stock’s technical profile turned bullish with daily moving averages confirming upward momentum. The Sensex declined 0.56% to 37,049.40, highlighting UltraTech’s relative strength.
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13 February 2026: Technical Momentum Signals Bullish Outlook Despite Minor Decline
On the final trading day of the week, UltraTech Cement closed at Rs.12,964.65, down 0.49%. Despite this slight retreat, technical momentum indicators remained bullish, supported by a recent upgrade to Buy and strong weekly and monthly signals from MACD, Bollinger Bands, and Dow Theory. The stock’s Relative Strength Index remained neutral, suggesting room for further gains without immediate overbought risk. The Sensex fell sharply by 1.40% to 36,532.48, underscoring UltraTech’s resilience amid broader market weakness.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.13,046.65 | +2.52% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.13,013.45 | -0.25% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.12,969.75 | -0.34% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.13,027.85 | +0.45% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.12,964.65 | -0.49% | 36,532.48 | -1.40% |
Key Takeaways from the Week
Positive Signals: UltraTech Cement demonstrated resilience by outperforming the Sensex with a 1.88% weekly gain versus the benchmark’s 0.54% loss. The formation of a Golden Cross on 11 February is a strong technical indicator of a potential sustained uptrend. The upgrade to a Buy rating by MarketsMOJO reflects confidence in the company’s improving fundamentals and technical momentum. Robust quarterly financial results, including a 54.9% rise in PBT excluding other income and a 31.9% increase in PAT, underpin the stock’s valuation. Technical indicators such as MACD, Bollinger Bands, and Dow Theory across daily and weekly charts signal strengthening momentum.
Cautionary Notes: Despite the bullish technical signals, some monthly indicators remain mildly bearish, suggesting that longer-term investors should monitor for confirmation of sustained momentum. The On-Balance Volume (OBV) remains neutral, indicating volume has yet to decisively confirm the price moves. Minor price declines on 10, 11, and 13 February highlight short-term volatility. The stock’s elevated P/E ratio of 49.11 compared to the industry average of 40.55 suggests a premium valuation that warrants careful consideration.
Conclusion: A Week Marked by Technical Breakthroughs and Fundamental Strength
UltraTech Cement Ltd’s performance over the week ending 13 February 2026 reflects a stock transitioning into a more bullish phase, supported by key technical milestones and strong financial results. The Golden Cross formation and the upgrade to a Buy rating by MarketsMOJO highlight growing investor confidence and improved momentum. While short-term volatility and some cautious monthly indicators advise prudence, the stock’s consistent outperformance relative to the Sensex and robust earnings growth position it favourably within the cement sector. Investors should continue to monitor volume trends and monthly momentum to validate the sustainability of this uptrend.
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