Key Events This Week
Jan 5: Stock opens at Rs.737.90, declines 1.74%
Jan 6: Mojo Grade upgraded to Buy; stock rises slightly to Rs.739.45
Jan 7: Mild bullish momentum signals emerge; stock gains 1.96% to Rs.753.95
Jan 8: Sharp decline of 2.14% to Rs.737.85 amid broader market weakness
Jan 9: Week closes at Rs.732.20, down 0.77% on heavy volume
Monday, 5 January: Weak Start Amid Market Pressure
Hexaware Technologies began the week on a subdued note, closing at Rs.737.90, down 1.74% from the previous Friday’s close of Rs.751.00. This decline was in line with the broader market, as the Sensex also fell 0.18% to 37,730.95. The stock’s volume was moderate at 7,547 shares, reflecting cautious investor sentiment amid a weak market environment.
Tuesday, 6 January: Upgrade to Buy Sparks Mild Gains
The stock edged up 0.21% to Rs.739.45 on 6 January, coinciding with MarketsMOJO’s upgrade of Hexaware Technologies from Hold to Buy. This upgrade was driven by strong technical and financial performance, including record quarterly sales of ₹3,483.60 crore and a PBDIT of ₹601.30 crore, with an operating margin of 17.26%. The Mojo Score rose to 72.0, signalling improved investor confidence. Despite the modest price gain, the upgrade marked a significant shift in sentiment, supported by a mildly bullish technical outlook on weekly charts.
Wednesday, 7 January: Signs of Mild Bullish Momentum
On 7 January, Hexaware Technologies gained 1.96%, closing at Rs.753.95, its weekly high. This rise was supported by a shift in technical momentum from sideways to mildly bullish, as indicated by a bullish weekly MACD and KST indicators. The stock traded within a range of Rs.732.55 to Rs.744.90 during the session, remaining below its 52-week high of Rs.900.15 but showing tentative recovery. However, daily moving averages remained mildly bearish, reflecting short-term caution. The Sensex was nearly flat, rising 0.03% to 37,669.63, highlighting Hexaware’s relative outperformance on the day.
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Thursday, 8 January: Sharp Decline Amid Market Sell-Off
Hexaware Technologies reversed gains sharply on 8 January, falling 2.14% to Rs.737.85 on relatively low volume of 5,096 shares. This decline coincided with a significant Sensex drop of 1.41% to 37,137.33, reflecting broader market weakness. The stock’s retreat below Rs.740 suggested profit-taking after the previous day’s rally and highlighted the mixed technical signals, including mildly bearish daily moving averages and neutral RSI readings. The stock’s inability to sustain levels above Rs.745-750 resistance zone remained a key technical hurdle.
Friday, 9 January: Week Ends Lower on Heavy Volume
The week concluded with Hexaware Technologies closing at Rs.732.20, down 0.77% on heavy volume of 279,509 shares. The Sensex also declined 0.89% to 36,807.62, continuing the downward trend. The stock’s weekly performance resulted in a 2.50% loss from the previous Friday’s close, marginally outperforming the Sensex’s 2.62% fall. Despite the weekly decline, the upgrade to Buy and the emergence of mildly bullish weekly technical indicators suggest a cautiously optimistic medium-term outlook, tempered by short-term volatility and valuation concerns.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.737.90 | -1.74% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.739.45 | +0.21% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.753.95 | +1.96% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.737.85 | -2.14% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.732.20 | -0.77% | 36,807.62 | -0.89% |
Key Takeaways
Positive Signals: The MarketsMOJO upgrade to Buy on 6 January was supported by strong quarterly financials, including record net sales of ₹3,483.60 crore and a PBDIT margin of 17.26%. Technical indicators on the weekly chart, such as a bullish MACD and KST, suggest improving momentum. The stock’s low debt and solid return on equity of 20.3% underpin its fundamental strength.
Cautionary Notes: Despite the upgrade, the stock declined 2.50% over the week, reflecting broader market weakness and short-term technical resistance near Rs.745-750. Daily moving averages remain mildly bearish, and monthly MACD is still negative, indicating potential volatility ahead. The stock’s valuation remains elevated with a price-to-book ratio of 7.8, warranting prudence.
Conclusion
Hexaware Technologies Ltd experienced a mixed week, closing down 2.50% but marginally outperforming the Sensex’s 2.62% decline. The key highlight was the upgrade to Buy by MarketsMOJO, reflecting improved technical and financial metrics. While short-term price action showed volatility and resistance challenges, weekly momentum indicators and strong quarterly results provide a cautiously optimistic outlook. Investors should monitor the stock’s ability to break above near-term resistance and weigh valuation considerations against its solid fundamentals and sector positioning.
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