HCL Technologies Ltd Hits Intraday Low Amid Price Pressure on 1 Feb 2026

Intraday Performance and Price Movement

On the trading day, HCL Technologies Ltd’s share price fell to an intraday low of Rs 1,640.4, marking a 3.19% decrease from its previous close. This decline was sharper than the sector’s performance, with the stock underperforming the Computers - Software & Consulting sector by 2.96%. The stock’s day change of -3.19% contrasted with the Sensex’s fall of 1.36%, indicating a more pronounced pressure on HCL Technologies relative to the broader market.

The stock has been on a downward trajectory for three consecutive sessions, cumulatively losing 4.57% over this period. This recent trend highlights a sustained phase of price pressure, with the current day’s decline extending the negative momentum.

Market Context and Broader Indices

The broader market environment on 1 Feb 2026 was characterised by volatility and a sharp reversal. The Sensex opened 119.19 points higher but reversed sharply to close at 81,149.17, down 1,239.80 points or 1.36%. This reversal contributed to a cautious market sentiment, impacting heavyweight stocks including HCL Technologies.

Technical indicators for the Sensex show it trading below its 50-day moving average (DMA), although the 50 DMA remains above the 200 DMA, suggesting mixed medium-term signals. This technical backdrop may have contributed to the cautious trading environment.

Technical Positioning of HCL Technologies Ltd

From a technical perspective, HCL Technologies Ltd’s share price remains above its 100-day and 200-day moving averages, signalling underlying long-term support. However, it is trading below its 5-day, 20-day, and 50-day moving averages, indicating short to medium-term weakness and potential resistance levels that the stock has yet to overcome.

This positioning suggests that while the stock retains some longer-term strength, recent price action reflects immediate selling pressure and a cautious outlook among market participants.

Comparative Performance Analysis

Examining HCL Technologies Ltd’s recent relative performance reveals a mixed picture. The stock’s 1-day return of -4.05% notably underperformed the Sensex’s -1.54%. Over the past week, the stock declined by 4.73%, compared to the Sensex’s 0.65% fall, indicating a sharper short-term correction.

However, over the one-month horizon, HCL Technologies Ltd posted a modest gain of 0.67%, outperforming the Sensex’s 4.33% decline. Similarly, over three months, the stock gained 4.91% while the Sensex fell 4.03%, reflecting resilience in the medium term despite recent volatility.

Longer-term returns show a more nuanced trend. The stock’s one-year return stands at -5.13%, lagging the Sensex’s 5.53% gain. Year-to-date, HCL Technologies Ltd is marginally positive at 0.10%, outperforming the Sensex’s 4.95% decline. Over three, five, and ten years, the stock has delivered strong cumulative returns of 43.28%, 77.70%, and 275.50% respectively, exceeding the Sensex’s corresponding returns of 36.14%, 75.01%, and 225.71%.

Dividend Yield and Market Capitalisation

At the current price level, HCL Technologies Ltd offers a dividend yield of 3.19%, which is considered attractive within the sector. The company holds a Market Cap Grade of 1, reflecting its status as a large-cap entity with significant market capitalisation and liquidity.

Its Mojo Score stands at 80.0, with a Mojo Grade upgraded to Strong Buy from Buy as of 12 Jan 2026, indicating a positive assessment of the company’s fundamentals and market positioning despite the recent price weakness.

Sector and Industry Context

Operating within the Computers - Software & Consulting sector, HCL Technologies Ltd faces sector-wide dynamics that influence its share price. The sector has experienced mixed performance in recent sessions, with some pressure from broader market volatility and shifting investor sentiment towards technology stocks.

The stock’s underperformance relative to its sector today by 2.96% highlights the immediate pressures it faces, possibly linked to profit-taking or sector rotation within the broader market environment.

Summary of Immediate Pressures and Market Sentiment

The sharp intraday decline in HCL Technologies Ltd’s share price on 1 Feb 2026 can be attributed to a combination of broader market weakness and sector-specific factors. The Sensex’s reversal from a positive open to a significant decline created a risk-off environment, which weighed on heavyweight stocks including HCL Technologies.

Technical indicators suggest short-term resistance levels are limiting upward momentum, while the stock’s position above longer-term moving averages provides some support. The three-day consecutive fall and underperformance relative to both the sector and Sensex indicate immediate selling pressure and cautious sentiment among market participants.

Despite the intraday low and recent declines, the company’s strong fundamentals, reflected in its Mojo Grade upgrade and attractive dividend yield, remain intact. The current price action appears to be a reaction to market volatility rather than a shift in the company’s underlying prospects.

Conclusion

HCL Technologies Ltd’s intraday low of Rs 1,640.4 on 1 Feb 2026 underscores the price pressure faced amid a volatile market backdrop. The stock’s underperformance relative to the sector and Sensex, combined with technical resistance, has contributed to the recent decline. While short-term sentiment remains cautious, the company’s longer-term technical positioning and fundamental metrics continue to provide a degree of stability in a challenging trading environment.

Unlock special upgrade rates for a limited period. Start Saving Now →