Hexa Tradex Falls to 52-Week Low of Rs.161.05 Amid Market Pressure

Stock Price Movement and Market Context

On 2 December 2025, Hexa Tradex recorded an intraday low of Rs.161.05, representing a decline of 4.17% during the trading session. Despite this low, the stock has shown some resilience by gaining 1.95% over the past two days, outperforming its sector by 1.04% today. However, the stock remains below its longer-term moving averages, trading higher than the 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. This positioning suggests that while short-term momentum has shown some improvement, the stock continues to face pressure from broader market trends.

The Sensex opened 316.39 points lower and was trading at 85,138.27, down 0.59% on the day. Despite this dip, the Sensex remains close to its 52-week high of 86,159.02, just 1.2% away, and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average. This indicates that the broader market retains a bullish technical stance, contrasting with the performance of Hexa Tradex.

Performance Over the Past Year

Hexa Tradex’s one-year performance shows a return of -46.64%, significantly lagging behind the Sensex, which has recorded a 6.09% return over the same period. The stock’s 52-week high was Rs.337.90, highlighting the extent of the decline to the current low. This underperformance extends beyond the last year, with the stock also trailing the BSE500 index over the past three years, one year, and three months, indicating a prolonged period of subdued returns.

Financial and Valuation Overview

Hexa Tradex’s financial results for the quarter ended September 2025 were largely flat, reflecting limited movement in key metrics. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) remain negative, which contributes to the perception of risk associated with the stock. Despite this, profits have shown a rise of 209.9% over the past year, indicating some improvement in the bottom line, albeit from a low base.

From a valuation perspective, the stock is considered risky relative to its average historical valuations. This assessment is supported by the stock’s significant decline in market price and its underperformance relative to broader indices and sector peers. The company’s market capitalisation grade is rated at 4, reflecting its size and market presence within the NBFC sector.

Shareholding and Debt Profile

Domestic mutual funds hold a minimal stake of 0.1% in Hexa Tradex. Given that these funds typically conduct thorough research and maintain positions in companies with favourable prospects, their limited holding may indicate a cautious stance towards the stock’s current valuation or business outlook.

On the balance sheet front, Hexa Tradex maintains a low average debt-to-equity ratio of 0.07 times, suggesting a conservative approach to leverage. This low gearing level may provide some cushion against financial stress, although it has not translated into stronger market performance in recent periods.

Trading Activity and Market Behaviour

Trading in Hexa Tradex has been somewhat erratic in recent weeks, with the stock not trading on one day out of the last 20 sessions. This irregularity may reflect lower liquidity or investor hesitation. The stock’s recent two-day gain of 1.95% contrasts with its overall downward trajectory over the past year, highlighting short-term fluctuations amid a longer-term decline.

While the stock’s short-term moving average position above the 5-day average suggests some immediate buying interest, the longer-term moving averages remain above the current price, indicating that the stock is still in a weaker technical phase relative to its historical price levels.

Sector and Industry Context

Hexa Tradex operates within the Non Banking Financial Company (NBFC) sector, which has experienced varied performance across different players. The sector itself is sensitive to interest rate movements, credit demand, and regulatory changes, all of which can influence stock valuations. Compared to its sector peers, Hexa Tradex’s recent performance has been subdued, with the stock underperforming the broader NBFC sector indices.

Given the current market environment, with the Sensex maintaining a bullish technical stance despite recent volatility, Hexa Tradex’s price action stands out as a notable divergence. This divergence underscores the challenges faced by the company in regaining investor confidence and market momentum.

Summary

Hexa Tradex’s fall to a 52-week low of Rs.161.05 marks a significant milestone in its recent price journey. The stock’s performance over the past year, characterised by a near 47% decline, contrasts sharply with the broader market’s positive returns. Flat quarterly results, negative EBITDA, and cautious shareholding patterns contribute to the current market assessment of the stock. While short-term gains have been observed, the stock remains below key moving averages and continues to face headwinds within its sector and market context.

Investors and market participants will likely continue to monitor Hexa Tradex’s financial disclosures and market behaviour closely as it navigates this challenging phase.

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