Recent Price Movement and Market Context
On 12 Feb 2026, Hexaware Technologies Ltd’s share price touched an intraday low of Rs.552.6, representing a 3.38% drop on the day and a 3.07% decline in the closing price. This new 52-week low comes after seven consecutive days of losses, during which the stock has fallen by 23.68%. Despite this, the stock marginally outperformed its sector, the IT - Software segment, which declined by 3.82% on the same day.
Hexaware’s current price is substantially below its 52-week high of Rs.900.15, underscoring the extent of the recent correction. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend in the short to long term.
In comparison, the broader market has shown resilience. The Sensex opened lower by 265.21 points but is currently trading at 83,891.79, down 0.41%. Notably, the Sensex is only 2.7% away from its 52-week high of 86,159.02 and has recorded a 2.89% gain over the past three weeks. However, Hexaware’s one-year performance remains flat at 0.00%, lagging behind the Sensex’s 10.07% gain over the same period.
Financial Performance Highlights
Hexaware’s recent quarterly results have reflected some areas of concern. The company reported its lowest quarterly PBDIT at Rs.377.90 crores, with the operating profit to net sales ratio dropping to 10.86%, the lowest in recent quarters. Profit before tax excluding other income also declined to Rs.223.00 crores, signalling pressure on core profitability.
Despite these figures, Hexaware has maintained a strong return on equity (ROE) of 23.3%, which remains attractive relative to industry peers. The company’s valuation metrics include a price-to-book value of 5.5, suggesting that the market continues to price in some growth potential despite recent setbacks.
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Capital Structure and Shareholding Concerns
Hexaware Technologies Ltd maintains a low average debt-to-equity ratio of zero, indicating a debt-free balance sheet which is a positive aspect in terms of financial stability. However, a notable concern is the status of promoter share pledging. Currently, 100% of promoter shares are pledged, and this proportion has doubled over the last quarter. Such a high level of pledged shares can exert additional downward pressure on the stock price, especially in falling markets, as it may lead to forced selling or increased volatility.
The increase in pledged holdings is a factor that market participants are closely monitoring, given its potential implications for share price stability and investor confidence.
Sectoral and Market Dynamics
The IT - Software & Consulting sector, to which Hexaware belongs, has faced headwinds recently, with the sector index falling by 3.82% on the day of Hexaware’s new low. The sector’s performance has been mixed, with broader market indices like the Sensex showing moderate gains over the last three weeks. Hexaware’s underperformance relative to both its sector and the broader market over the past year highlights the challenges it faces in regaining momentum.
Hexaware’s Mojo Score currently stands at 51.0, reflecting a Hold rating, an upgrade from its previous Sell grade as of 10 Feb 2026. The company’s market capitalisation grade is rated 2, indicating a mid-tier valuation within its peer group.
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Summary of Key Metrics
To summarise, Hexaware Technologies Ltd’s stock has experienced a notable decline, reaching Rs.552.6, its lowest level in 52 weeks. The stock’s performance over the past seven days has been particularly weak, with a cumulative loss of 23.68%. This contrasts with the broader market’s modest gains and the Sensex’s proximity to its 52-week high.
Financially, the company’s recent quarterly results show pressure on profitability margins and operating profit, although ROE remains robust. The company’s debt-free status is a positive, but the doubling of pledged promoter shares introduces an element of risk to the stock’s price stability.
Hexaware’s current Mojo Grade of Hold reflects a cautious stance, recognising both the challenges and the company’s underlying strengths. The stock’s valuation metrics and profitability ratios suggest that while the market has priced in recent difficulties, the company retains attributes that differentiate it within the IT - Software & Consulting sector.
Market Outlook and Technical Positioning
Technically, Hexaware’s trading below all major moving averages signals a bearish trend that has persisted over recent months. The stock’s inability to sustain levels above these averages indicates continued selling pressure. The broader market’s mixed signals, with the Sensex showing resilience but the IT sector underperforming, add complexity to the stock’s near-term price action.
Investors and analysts will be monitoring Hexaware’s upcoming financial disclosures and sectoral developments closely to assess any shifts in momentum or valuation.
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