Hexaware Technologies Ltd Hits Intraday Low Amid Price Pressure on 4 Feb 2026

Intraday Performance and Price Movement

On 4 Feb 2026, Hexaware Technologies Ltd (Stock ID: 316432), operating within the Computers - Software & Consulting sector, recorded a significant intraday low of Rs 693, marking a decline of 4.61% from its previous levels. The stock’s day change closed at -5.24%, underperforming the broader Sensex index, which registered a marginal loss of 0.09% on the same day. Despite this, Hexaware marginally outperformed its sector, which fell by 5.47%, indicating relative resilience within a challenging environment.

The stock’s intraday performance was characterised by sustained selling pressure, with prices consistently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a prevailing bearish momentum in the short to medium term.

Sector and Market Context

The IT - Software sector, to which Hexaware belongs, faced considerable headwinds on the day, declining by 5.47%. This sectoral weakness was a significant factor contributing to the stock’s intraday low. The broader market, represented by the Sensex, opened lower at 83,252.06, down 487.07 points (-0.58%), and although it recovered slightly to trade near 83,664.59 (-0.09%), the overall market sentiment remained cautious. The Sensex is currently 2.98% below its 52-week high of 86,159.02, indicating some consolidation after recent gains.

Technically, the Sensex is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, signalling a mixed technical outlook for the broader market. This environment has likely contributed to the subdued appetite for riskier assets, including mid-cap IT stocks like Hexaware.

Comparative Performance Analysis

Examining Hexaware’s recent performance relative to the Sensex reveals a pattern of underperformance. Over the past day, the stock declined by 5.18%, compared to the Sensex’s marginal 0.09% loss. Over one week, Hexaware fell by 0.87%, while the Sensex gained 1.60%. The one-month trend shows a sharper decline for Hexaware at 8.27%, against the Sensex’s 2.45% drop. Over three months, Hexaware’s performance was slightly negative at -0.88%, whereas the Sensex posted a modest gain of 0.25%.

Year-to-date figures further highlight Hexaware’s relative weakness, with a decline of 9.90% compared to the Sensex’s 1.83% loss. Over longer horizons, Hexaware’s returns have lagged the benchmark, with a five-year gain of 46.34% versus the Sensex’s 65.30%, and a ten-year gain of 192.78% compared to the Sensex’s 243.76%. These figures underscore the stock’s challenges in maintaining momentum amid broader market advances.

Technical Indicators and Market Sentiment

Hexaware’s trading below all major moving averages signals a cautious technical outlook. The 5-day and 20-day averages, which often reflect short-term momentum, are positioned above the current price, indicating recent selling pressure. Similarly, the 50-day, 100-day, and 200-day moving averages, which represent medium to long-term trends, also remain above the stock price, suggesting that the stock has yet to regain upward momentum.

Market sentiment towards the stock appears subdued, influenced by the broader sectoral weakness and the cautious stance of the overall market. The IT sector’s decline of 5.47% on the day reflects investor concerns that have weighed on Hexaware’s intraday performance. The Sensex’s inability to sustain gains and its proximity to a recent high without breaking through further adds to the cautious environment.

Mojo Score and Rating Update

Hexaware Technologies Ltd currently holds a Mojo Score of 57.0, categorised as a Hold rating. This represents a downgrade from its previous Buy rating, which was revised on 12 Jan 2026. The Market Cap Grade stands at 2, reflecting the company’s mid-tier market capitalisation status within its sector. These ratings indicate a neutral stance on the stock’s near-term prospects, consistent with the observed price pressures and technical indicators.

The downgrade from Buy to Hold suggests a reassessment of the stock’s risk-reward profile, likely influenced by recent price action and sectoral headwinds. The Mojo Score and grading system provide investors with a structured evaluation of the stock’s relative strength and market positioning, which currently signals caution.

Summary of Market Conditions Impacting Hexaware

In summary, Hexaware Technologies Ltd’s intraday low of Rs 693 on 4 Feb 2026 reflects a combination of sectoral weakness, broader market caution, and technical pressures. The IT - Software sector’s decline of 5.47% weighed heavily on the stock, while the Sensex’s subdued performance and technical positioning contributed to a risk-averse environment. Hexaware’s trading below all key moving averages further underscores the prevailing downward momentum.

Comparative performance metrics reveal that Hexaware has underperformed the benchmark index over multiple time frames, reinforcing the tempered market sentiment. The recent downgrade in Mojo Grade from Buy to Hold aligns with these observations, signalling a more cautious outlook among market analysts.

Investors monitoring Hexaware’s price action should note the current technical and market context, which suggests continued pressure in the near term. The stock’s relative resilience compared to its sector, however, indicates that it remains a key player within the Computers - Software & Consulting industry, albeit facing headwinds in the current market cycle.

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