HCL Technologies Sees Heavy Value Trading Amid Continued Downtrend

Trading Activity and Price Movement

On 13 Feb 2026, HCL Technologies recorded a total traded volume of 14,97,159 shares, translating into a substantial traded value of ₹21,149.47 lakhs. The stock opened sharply lower at ₹1,423, down 3.6% from the previous close of ₹1,476.10, reflecting a negative sentiment from the outset. Intraday volatility was evident as the share price touched a low of ₹1,396, representing a 5.43% drop from the prior day’s close, before recovering slightly to close at ₹1,418.80 by 09:44:46 IST.

Despite the intraday weakness, HCL Technologies marginally outperformed its sector, the IT - Software segment, which declined by 4.41% on the same day. The stock’s 1-day return stood at -4.13%, slightly better than the sector’s fall of -4.39% and considerably worse than the Sensex’s modest decline of -0.98%. This relative outperformance, albeit negative, indicates some resilience amid sector-wide selling pressure.

Technical and Trend Analysis

From a technical standpoint, HCL Technologies is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a bearish trend across multiple timeframes. The persistent four-day losing streak has resulted in an 11.76% decline in returns, underscoring the stock’s current downward momentum. The open gap down and intraday lows further reinforce the cautious outlook among traders and investors.

Liquidity remains robust, with the stock’s average traded value over five days supporting trade sizes up to ₹11.29 crores comfortably. This liquidity ensures that institutional investors can execute sizeable orders without significant market impact, which is crucial given the high-value turnover observed.

Institutional Interest and Delivery Volumes

Investor participation has been rising notably, as evidenced by the delivery volume of 36.68 lakh shares on 12 Feb 2026, which surged by 81.03% compared to the five-day average delivery volume. This spike suggests increased institutional activity, possibly repositioning amid the recent price correction. However, the stock’s Mojo Score has been downgraded from Buy to Hold as of 09 Feb 2026, reflecting a more cautious stance based on recent performance and valuation metrics.

HCL Technologies holds a Mojo Score of 62.0 with a Mojo Grade of Hold, indicating moderate confidence in the stock’s near-term prospects. The downgrade from Buy to Hold signals that while the company’s fundamentals remain intact, the current market conditions and price action warrant a more measured approach.

Dividend Yield and Market Capitalisation

HCL Technologies offers a relatively attractive dividend yield of 3.66% at the current price level, which may appeal to income-focused investors despite the recent price weakness. The company’s market capitalisation stands at a commanding ₹4,00,564 crores, categorising it firmly as a large-cap stock within the Computers - Software & Consulting sector.

This sizeable market cap underlines the company’s significant presence in the Indian IT landscape and its ability to attract institutional interest. However, the current market environment, characterised by sectoral weakness and global uncertainties, has weighed on investor sentiment.

Sectoral Context and Comparative Performance

The IT - Software sector has experienced a notable decline of 4.41% on the day, reflecting broader concerns over global demand, currency fluctuations, and margin pressures. HCL Technologies’ performance, while negative, has marginally outpaced the sector’s fall, suggesting some relative strength amid the downturn.

Nevertheless, the stock’s sustained weakness over the past four sessions indicates that investors are reassessing valuations and growth prospects. The downward revision in the Mojo Grade from Buy to Hold further emphasises the need for caution.

Investor Takeaway and Outlook

For investors, the current scenario presents a mixed picture. The high-value trading activity and rising delivery volumes indicate sustained institutional interest, which could provide a floor to the stock price. However, the technical indicators and recent price action suggest that the stock is in a corrective phase, with downward momentum prevailing.

Given the downgrade to a Hold rating and the stock trading below all major moving averages, investors may prefer to adopt a cautious stance, monitoring for signs of a technical reversal or fundamental catalysts before increasing exposure. The attractive dividend yield offers some consolation, but it may not fully offset the risks associated with the current downtrend.

Market participants should also consider the broader IT sector dynamics and global economic factors that could influence HCL Technologies’ performance in the near term.

Summary of Key Metrics

To summarise, HCL Technologies Ltd’s key trading and financial metrics as of 13 Feb 2026 are:

• Total traded volume: 14,97,159 shares
• Total traded value: ₹21,149.47 lakhs
• Opening price: ₹1,423.00
• Day’s high/low: ₹1,430.90 / ₹1,396.00
• Last traded price (LTP): ₹1,418.80
• Previous close: ₹1,476.10
• 1-day return: -4.13%
• 4-day cumulative return: -11.76%
• Dividend yield: 3.66%
• Market cap: ₹4,00,564 crores
• Mojo Score: 62.0 (Hold, downgraded from Buy on 09 Feb 2026)

These figures highlight the stock’s current challenges but also its underlying liquidity and institutional interest, factors that will be critical in shaping its near-term trajectory.

Conclusion

HCL Technologies Ltd remains a heavyweight in the Indian IT sector with strong fundamentals and significant market presence. However, the recent price correction and technical weakness warrant a cautious approach. Investors should closely monitor trading volumes, institutional activity, and sectoral trends before making fresh commitments. While the stock’s dividend yield and liquidity profile are positives, the downgrade to Hold and the ongoing downtrend suggest that patience may be required before a sustainable recovery unfolds.

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