Tech Mahindra Ltd: High-Value Trading Amidst Sector Downturn

Robust Trading Volumes and Value

On 13 Feb 2026, Tech Mahindra recorded a total traded volume of 28,66,887 shares, translating into a substantial traded value of ₹42,718.91 lakhs. This high-value turnover places TECHM among the most actively traded equities by value on the day, underscoring strong market participation. The stock opened at ₹1,482.6, down 3.51% from the previous close of ₹1,536.6, and touched an intraday low of ₹1,464.4, marking a 4.7% dip before recovering slightly to a last traded price (LTP) of ₹1,508.3 as of 10:39:47 IST.

Price Performance and Sector Comparison

Despite the high trading volumes, Tech Mahindra’s share price declined by 1.90% on the day, underperforming its previous close but outperforming the broader IT - Software sector, which fell by 3.09%. The stock’s one-day return of -1.95% contrasts favourably with the sector’s 1D return of -3.02% and the Sensex’s more modest decline of 0.87%. However, the stock has been on a downward trajectory over the past three days, losing 8.25% cumulatively, reflecting some short-term selling pressure.

Technical Indicators and Moving Averages

Technically, Tech Mahindra is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a bearish trend in the short to long term. This technical weakness may be contributing to the recent price declines, despite the stock’s relative outperformance within its sector. The open gap down of 3.51% on 13 Feb 2026 further emphasises the cautious sentiment among traders at the start of the session.

Institutional Interest and Delivery Volumes

Investor participation has notably increased, with delivery volumes on 12 Feb 2026 surging to 31.73 lakhs shares, a remarkable 222.12% rise compared to the five-day average delivery volume. This spike in delivery volume suggests strong institutional interest and confidence in the stock’s medium to long-term prospects, despite the recent price weakness. The stock’s liquidity remains robust, with a trade size capacity of approximately ₹7.58 crores based on 2% of the five-day average traded value, facilitating large order flows without significant price disruption.

Mojo Score Upgrade and Market Capitalisation

MarketsMOJO’s latest assessment upgraded Tech Mahindra’s Mojo Grade from Hold to Buy on 11 Feb 2026, reflecting improved fundamentals and positive outlook. The company holds a Mojo Score of 71.0, indicating a favourable investment proposition relative to peers. With a market capitalisation of ₹1,46,952 crores, Tech Mahindra is firmly positioned as a large-cap stock within the Computers - Software & Consulting sector, attracting significant institutional and retail investor attention.

Sector Dynamics and Broader Market Context

The IT - Software sector has experienced a downturn, with a 3.09% decline on 13 Feb 2026, pressured by global macroeconomic concerns and profit booking. Tech Mahindra’s relative resilience, outperforming the sector by 1.7%, suggests selective investor confidence in its business model and growth prospects. The company’s diversified service offerings and strong client base provide a buffer against sector volatility, although near-term headwinds remain.

Valuation and Quality Metrics

Tech Mahindra’s valuation metrics remain attractive compared to sector averages, supported by consistent revenue growth and improving profitability margins. The company’s quality grades, as per MarketsMOJO, reflect solid fundamentals and operational efficiency. Investors should note the recent price weakness as a potential entry point, given the stock’s liquidity and institutional backing.

Investor Takeaways and Outlook

While Tech Mahindra has faced short-term price pressure, the stock’s high-value trading activity and rising delivery volumes indicate sustained investor interest. The upgrade to a Buy rating by MarketsMOJO and the company’s strong market capitalisation underpin its long-term potential. Investors should monitor the stock’s ability to reclaim key moving averages and watch for sector recovery signals to confirm a sustained uptrend.

Given the stock’s liquidity and institutional participation, large order flows can be executed efficiently, making Tech Mahindra an attractive option for portfolio allocation within the IT sector. However, caution is warranted due to the prevailing sector weakness and recent price volatility.

Conclusion

Tech Mahindra Ltd. remains a focal point for high-value trading on the Indian equity markets, demonstrating resilience amid sector headwinds. The combination of strong institutional interest, upgraded investment ratings, and robust liquidity positions the stock favourably for investors seeking exposure to the Computers - Software & Consulting sector. Continued monitoring of technical indicators and sector trends will be essential for timing entry and exit points effectively.

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