Stock Price Movement and Market Context
On 31 Dec 2025, Hexa Tradex Ltd opened sharply lower with a gap down of 5.48%, underperforming its sector by 6.12%. The stock hit an intraday low of Rs.149.75, representing a 6.76% drop from the previous close. This new 52-week low contrasts starkly with its 52-week high of Rs.284, indicating a substantial depreciation of 47.3% from its peak price within the last year.
Despite the broader market showing resilience, with the Sensex opening 118.50 points higher and trading at 84,948.08 (up 0.32%), Hexa Tradex’s performance remains subdued. The Sensex is currently just 1.43% below its own 52-week high of 86,159.02, supported by bullish moving averages where the 50-day moving average is above the 200-day moving average. Small-cap stocks are leading the market rally, with the BSE Small Cap index gaining 0.83% on the day, further highlighting Hexa Tradex’s relative weakness.
Technical Indicators and Moving Averages
Hexa Tradex is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning signals sustained downward momentum and a lack of short- to medium-term price support. The persistent trading below these averages often reflects investor caution and a lack of confidence in near-term price recovery.
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Financial Performance and Valuation Concerns
Hexa Tradex’s financial results have been largely flat, with the company reporting no significant growth in its September 2025 quarter. The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) remain negative, which contributes to its classification as a risky stock relative to its historical valuation averages.
Over the past year, the stock has delivered a negative return of 44.27%, considerably underperforming the Sensex, which posted a positive return of 8.72% over the same period. This underperformance extends beyond the last year, with Hexa Tradex lagging the BSE500 index over the last three years, one year, and three months, indicating persistent challenges in generating shareholder value.
Despite the negative stock price trajectory, the company’s profits have risen by 209.9% over the past year. However, this improvement has not translated into positive market sentiment or price appreciation, possibly due to other underlying concerns.
Shareholding and Market Perception
Domestic mutual funds hold a minimal stake of just 0.1% in Hexa Tradex Ltd. Given that mutual funds typically conduct thorough on-the-ground research, their limited exposure may reflect a cautious stance towards the company’s current valuation or business prospects. This low institutional interest adds to the subdued market performance and liquidity concerns.
Balance Sheet and Debt Profile
On a positive note, Hexa Tradex maintains a low average debt-to-equity ratio of 0.07 times, indicating a conservative leverage position. This low gearing reduces financial risk and interest burden, which could be a stabilising factor amid the company’s broader challenges.
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Mojo Score and Ratings
Hexa Tradex currently holds a Mojo Score of 26.0, categorised as a Strong Sell. This rating was downgraded from Sell on 17 Dec 2025, reflecting deteriorating fundamentals and market sentiment. The company’s market capitalisation grade stands at 4, indicating a relatively modest size within its sector.
The downgrade to Strong Sell underscores the challenges faced by Hexa Tradex in reversing its downward trend and improving investor confidence.
Summary of Key Metrics
To summarise, Hexa Tradex Ltd’s stock has declined to Rs.149.75, its lowest level in 52 weeks, amid a backdrop of flat quarterly results, negative EBITDA, and underwhelming returns relative to market benchmarks. The stock’s technical indicators remain weak, with prices below all major moving averages and a significant gap down on the latest trading session. Institutional interest remains limited, and the company’s Mojo Grade reflects a strong sell stance.
While the company’s low debt-to-equity ratio offers some financial stability, the overall market performance and valuation metrics continue to weigh on the stock’s outlook.
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