Hathway Cable & Datacom Ltd Hits Day Low Amidst Price Pressure

Intraday Price Movement and Market Context

On 23 Jan 2026, Hathway Cable & Datacom Ltd’s share price fell by 7.24%, closing near its day low at Rs.10.4. This decline was notably steeper than the Media & Entertainment sector’s drop of 4.52% and significantly outpaced the Sensex’s fall of 0.87%, which ended the day at 81,591.03 points after a flat opening. The stock’s underperformance was also evident when compared to the sector, with Hathway lagging by 2.2% relative to its peers.

The broader market environment was subdued, with the Sensex trading below its 50-day moving average, signalling a cautious mood among investors. Despite the 50DMA remaining above the 200DMA, the index’s negative close reflected growing concerns across sectors, particularly in media and realty, the latter of which also hit a fresh 52-week low today.

Technical Indicators and Moving Averages

Technically, Hathway Cable & Datacom Ltd is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a persistent downtrend. This technical positioning suggests that short-term and long-term momentum remain weak, contributing to the stock’s vulnerability to further selling pressure.

The breach of these moving averages often acts as a resistance level, limiting any immediate recovery attempts. The stock’s new 52-week low at Rs.10.4 underscores the sustained bearish sentiment prevailing among market participants.

Performance Trends Over Various Timeframes

Hathway Cable & Datacom Ltd’s recent performance highlights a consistent downward trajectory. The stock has declined by 7.51% in the last trading session alone, compared to the Sensex’s 0.89% drop. Over the past week, the stock has fallen 13.11%, significantly underperforming the Sensex’s 2.39% loss. The one-month and three-month declines stand at 18.08% and 23.97% respectively, while the Sensex recorded losses of 4.62% and 3.52% over the same periods.

Year-to-date, Hathway’s stock is down 15.97%, more than three times the Sensex’s 4.28% decline. The longer-term trend is even more pronounced, with the stock losing 31.03% over the past year and 35.17% over three years, while the Sensex gained 6.61% and 33.86% respectively. Over five and ten years, Hathway’s stock has declined by 66.50% and 71.51%, contrasting sharply with the Sensex’s gains of 66.90% and 233.84%.

Mojo Score and Market Capitalisation Assessment

Reflecting the stock’s deteriorating fundamentals and market sentiment, Hathway Cable & Datacom Ltd’s Mojo Score currently stands at 20.0, categorising it as a Strong Sell. This represents a downgrade from its previous Sell rating on 7 Jan 2026. The company’s market capitalisation grade remains low at 3, indicating limited market capital strength relative to peers in the Media & Entertainment sector.

The downgrade in Mojo Grade signals increased caution among analysts and reflects the stock’s ongoing struggles to regain positive momentum amid sectoral and broader market pressures.

Sectoral and Broader Market Pressures

The DTH/Cable segment, to which Hathway belongs, has experienced a sectoral decline of 4.52% today, indicating widespread weakness. This sectoral underperformance is compounded by the broader market’s negative tone, with the Sensex retreating by 0.87% after a flat start. The NIFTY Realty index also hit a new 52-week low, highlighting the cautious stance across multiple sectors.

Such market conditions have exerted additional pressure on Hathway’s stock, which has been unable to find support amid the prevailing risk-off sentiment. The stock’s trading below all major moving averages further emphasises the lack of immediate technical support.

Summary of Intraday Weakness

In summary, Hathway Cable & Datacom Ltd’s sharp intraday decline to Rs.10.4 reflects a combination of sectoral weakness, broader market downturn, and unfavourable technical positioning. The stock’s performance today was markedly below both the Media & Entertainment sector and the Sensex, underscoring the heightened selling pressure it faces.

Trading below all key moving averages and hitting a fresh 52-week low, the stock remains under significant pressure. The downgrade to a Strong Sell Mojo Grade further highlights the challenges confronting the company’s shares in the current market environment.

Investors monitoring Hathway Cable & Datacom Ltd should note the persistent downward trend and the stock’s relative underperformance across multiple timeframes, reflecting ongoing market caution.

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