Hexaware Technologies Ltd Drops 8.60%: 5 Key Factors Behind the Steep Decline

9 February 2026: Weak Start Amid Broad Market Strength

Hexaware Technologies Ltd began the week at Rs.601.50, down 2.00% from the previous close, despite the Sensex advancing 1.04% to 37,113.23. The stock’s decline contrasted with the broader market’s positive momentum, signalling early signs of company-specific pressure. Trading volume was moderate at 72,072 shares, indicating cautious investor sentiment.

10 February 2026: Continued Decline with Lower Volumes

The downward trend intensified on 10 February as the stock fell 2.49% to Rs.586.55, with volumes halving to 35,307 shares. The Sensex continued its upward trajectory, gaining 0.25% to 37,207.34. Hexaware’s underperformance persisted, reflecting growing concerns amid a generally resilient market backdrop.

11 February 2026: Stock Hits 52-Week Low of Rs.563.2

On 11 February, Hexaware Technologies Ltd’s share price touched a fresh 52-week low of Rs.563.2, closing at Rs.571.95, down 2.49%. This marked the sixth consecutive day of losses, cumulatively eroding 22.37% of the stock’s value. The decline occurred despite the Sensex rising 0.13% to 37,256.72, underscoring Hexaware’s relative underperformance within the Computers - Software & Consulting sector.

Technical indicators showed the stock trading below all key moving averages, signalling sustained bearish momentum. Financially, the company reported its lowest recent quarterly PBDIT of Rs.377.90 crore and an operating profit to net sales ratio of 10.86%, highlighting margin pressures. Notably, promoter share pledging reached 100%, doubling over the last quarter, adding to investor caution.

12 February 2026: New 52-Week Low and Intraday Price Pressure

The downward trend extended on 12 February, with Hexaware Technologies Ltd hitting a new 52-week low of Rs.552.6 and an intraday low of Rs.540.25. The stock closed at Rs.543.95, down 4.90%, underperforming the sector’s 3.82% decline. Volume increased to 100,185 shares, reflecting heightened selling pressure.

This marked the seventh consecutive losing session, with a cumulative decline of 23.68%. Despite the broader market’s mixed performance and the Sensex falling 0.56%, Hexaware’s sharper drop highlighted company-specific challenges. The stock remained below all major moving averages, reinforcing the bearish technical outlook.

13 February 2026: Volatile Session with Intraday Rebound

On 13 February, Hexaware Technologies Ltd experienced significant intraday volatility. The stock opened with a gap down of 3.15%, touched a new 52-week low of Rs.521.25 (down 4.17%), but staged a strong recovery to reach an intraday high of Rs.562.75, ultimately closing at Rs.560.95, up 3.13% on the day. This intraday gain contrasted with the sector’s 3.66% decline and the Sensex’s 1.40% fall to 36,532.48.

The session’s weighted average price volatility was 5.36%, reflecting active trading and investor indecision. Despite the rebound, the stock remained below all key moving averages, indicating that the longer-term downtrend persists. The eight-day losing streak culminated in a cumulative loss of 27.25%, underscoring the sustained pressure on the stock.

Key Takeaways

Hexaware Technologies Ltd’s week was characterised by persistent selling pressure, culminating in multiple fresh 52-week lows and an overall decline of 8.60%. The stock’s underperformance was stark against the Sensex’s relatively stable performance, highlighting company-specific challenges rather than broad market weakness.

Financially, the company maintains a strong return on equity of 23.3% and a clean balance sheet with zero average debt-to-equity ratio. However, recent quarterly results showed subdued profitability with the lowest recent PBDIT of Rs.377.90 crore and an operating profit to net sales ratio of 10.86%. These softness indicators, combined with the doubling of pledged promoter shares to 100%, have likely contributed to investor caution and selling pressure.

Technically, the stock’s position below all major moving averages and the extended losing streak signal a bearish trend. The intraday rebound on 13 February, while notable, has yet to break the broader downtrend. Sectoral weakness in the Computers - Software & Consulting industry further compounded the stock’s challenges.

Conclusion

Hexaware Technologies Ltd’s performance over the week ending 13 February 2026 reflects a complex scenario of financial softness, technical weakness, and shareholding concerns amid a mixed market environment. The stock’s sharp declines and fresh 52-week lows contrast with the broader market’s relative resilience, underscoring company-specific headwinds. While the intraday rebound on the final trading day offers a glimpse of potential short-term support, the prevailing technical and fundamental factors suggest that the stock remains under pressure. Investors should monitor developments closely, particularly around promoter share pledging and quarterly earnings trends, to gauge any shifts in momentum.

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