Mphasis Ltd. Hits Intraday Low Amid Price Pressure on 4 Feb 2026

Intraday Performance and Price Movement

On 4 Feb 2026, Mphasis Ltd., a key player in the Computers - Software & Consulting industry, recorded a sharp intraday drop of 6.58% from its previous close, touching Rs 2,634.8. This decline was more pronounced than the day’s overall percentage loss of 5.41%, signalling intensified selling pressure during the trading session. The stock’s weighted average price volatility was elevated at 27.1%, underscoring the heightened uncertainty and rapid price swings throughout the day.

Compared to its sector peers, Mphasis underperformed the IT - Software sector, which itself declined by 3.51%. Relative to the Sensex, which closed marginally higher by 0.14% after a volatile session, Mphasis’s 5.04% loss starkly contrasts with the broader market’s resilience. This divergence highlights stock-specific pressures rather than a general market downturn.

Technical Indicators and Moving Averages

Technically, Mphasis is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This pervasive weakness across short, medium, and long-term technical indicators suggests a sustained downtrend. The stock’s current Mojo Score stands at 44.0, with a Mojo Grade of Sell, downgraded from Hold as of 1 Feb 2026. This downgrade reflects deteriorating momentum and a cautious outlook from the MarketsMOJO analytics framework.

The company’s Market Cap Grade remains low at 2, indicating limited market capitalisation strength relative to peers. Such technical and fundamental signals collectively contribute to the subdued investor sentiment and selling pressure observed today.

Market Context and Sector Dynamics

Despite Mphasis’s decline, the broader market displayed resilience. The Sensex, after opening 487.07 points lower, rebounded sharply by 605.47 points to close at 83,857.53, just 2.74% shy of its 52-week high of 86,159.02. Mega-cap stocks led this recovery, supporting the overall market sentiment. The Sensex’s 50-day moving average remains above its 200-day moving average, signalling a generally positive medium-term trend for the benchmark index.

In contrast, the IT - Software sector, where Mphasis operates, faced a 3.51% decline, reflecting sector-specific headwinds. Mphasis’s underperformance relative to both the sector and the Sensex suggests company-specific factors are exerting additional downward pressure beyond broader market or sector trends.

Comparative Performance Over Multiple Timeframes

Examining Mphasis’s performance over various periods reveals a consistent pattern of underperformance relative to the Sensex. Over the past week, the stock declined by 5.49%, while the Sensex gained 1.84%. The one-month and three-month comparisons show losses of 4.58% and 3.18% for Mphasis, against Sensex gains of -2.22% and 0.48%, respectively. Year-to-date, Mphasis is down 4.04%, whereas the Sensex has fallen 1.60%. Even over a one-year horizon, Mphasis’s decline of 4.39% contrasts with the Sensex’s 6.71% gain.

Longer-term data presents a more nuanced picture. Over five and ten years, Mphasis has outperformed the Sensex, delivering returns of 68.47% and 494.14%, respectively, compared to the Sensex’s 65.68% and 244.55%. However, the recent trend indicates a phase of relative weakness and price pressure.

Volatility and Investor Sentiment

The elevated intraday volatility of 27.1% for Mphasis today reflects a market grappling with uncertainty around the stock’s near-term trajectory. Trading below all major moving averages, the stock’s technical profile has weakened, contributing to cautious sentiment among market participants. The downgrade in Mojo Grade from Hold to Sell further signals a shift in analytical outlook, reinforcing the perception of increased risk.

While the broader market and mega-cap stocks showed strength, Mphasis’s distinct underperformance highlights the immediate pressures it faces. The combination of technical weakness, sector headwinds, and relative underperformance has culminated in the stock hitting its day low and sustaining notable price pressure throughout the session.

Summary

In summary, Mphasis Ltd.’s intraday low of Rs 2,634.8 and a day decline exceeding 5% underscore significant price pressure amid a volatile trading environment. The stock’s underperformance relative to both the IT sector and the Sensex, combined with its technical positioning below key moving averages and a recent downgrade in Mojo Grade, reflect a challenging market stance. Despite a broadly resilient market backdrop, Mphasis continues to face immediate pressures that have weighed on its share price today.

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