Hexaware Technologies Ltd Hits Intraday Low Amid Price Pressure on 24 Feb 2026

Intraday Performance and Price Movement

On 24 Feb 2026, Hexaware Technologies Ltd's share price fell sharply by 5.32%, underperforming the Sensex which declined by 1.32% on the same day. The stock touched an intraday low of Rs 477, marking its lowest level in the past 52 weeks. This decline extended the stock’s losing streak to five consecutive sessions, during which it has shed nearly 19.81% in value. The intraday drop also outpaced the sector’s fall, with the Computers - Software & Consulting sector declining by 4.6% on the day.

Technical Indicators and Moving Averages

Hexaware Technologies is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained downward momentum and suggests that the stock is facing persistent selling pressure. The breach of these critical support levels often signals cautious sentiment among traders and investors.

Sector and Market Context

The broader market environment has been challenging, with the Sensex opening 242.12 points lower and further declining by 858.34 points to close at 82,194.20, down 1.32%. Despite this, the Sensex remains within 4.82% of its 52-week high of 86,159.02. The index is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed technical signals for the broader market.

Within this context, the IT - Software sector, to which Hexaware belongs, has underperformed with a 4.6% decline, reflecting sector-wide pressures that have contributed to the stock’s underperformance. Hexaware’s 5.32% drop on the day is notably sharper than the sector average, highlighting company-specific factors adding to the general market weakness.

Performance Over Various Time Frames

Hexaware Technologies’ recent performance has been markedly weaker than the broader market. Over the past week, the stock has declined by 19.98%, compared to a 1.51% fall in the Sensex. The one-month and three-month returns for Hexaware are down 33.49% and 34.57% respectively, while the Sensex posted gains of 0.81% and a decline of 3.19% over the same periods. Year-to-date, Hexaware has fallen 37.63%, significantly underperforming the Sensex’s 3.55% decline.

Longer-term comparisons also reveal a stark contrast. Over one year, Hexaware’s stock has declined by 40.68%, whereas the Sensex has gained 10.40%. Over three and five years, Hexaware’s returns have been flat to marginally positive (0.00% and 1.31%), while the Sensex has delivered robust gains of 38.23% and 61.86% respectively. Even over a decade, Hexaware’s 103.37% gain trails the Sensex’s 255.99% appreciation.

Mojo Score and Rating Update

Hexaware Technologies currently holds a Mojo Score of 51.0, reflecting a Hold rating. This represents an improvement from its previous Sell rating, which was downgraded on 20 Feb 2026. Despite this upgrade, the stock’s Market Cap Grade remains low at 2, indicating limited market capitalisation strength relative to peers. The Hold rating suggests a neutral stance based on current fundamentals and technicals, with neither strong bullish nor bearish signals dominating.

Immediate Price Pressure and Market Sentiment

The sharp intraday decline and new 52-week low indicate that Hexaware is under immediate price pressure. The stock’s underperformance relative to both the Sensex and its sector points to a cautious market sentiment. The sustained five-day losing streak and the breach of multiple moving averages reinforce the view that selling momentum is prevailing in the near term.

Market participants appear to be responding to the broader negative sentiment in the IT sector and the overall market weakness. The Sensex’s significant fall on the day, combined with the sector’s 4.6% decline, has likely exacerbated selling pressure on Hexaware. The stock’s relative underperformance suggests that company-specific factors may also be contributing to the cautious stance, although these are not explicitly detailed in the available data.

Summary of Price and Performance Metrics

To summarise, Hexaware Technologies Ltd’s stock price has been under sustained pressure, hitting Rs 477 intraday on 24 Feb 2026, its lowest level in a year. The stock’s 5.32% decline on the day outpaced both the Sensex and its sector, reflecting a challenging environment. The technical picture remains weak with the stock trading below all major moving averages and continuing a multi-day downtrend. Longer-term performance metrics show significant underperformance relative to the broader market, underscoring the stock’s current difficulties in regaining momentum.

Market sentiment remains cautious, influenced by broader market declines and sector weakness. The stock’s Hold rating and Mojo Score of 51.0 reflect a neutral stance amid these pressures. Investors and market watchers will likely continue to monitor Hexaware’s price action closely as it navigates this period of volatility and price consolidation.

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