Intraday Performance and Price Movement
On 13 Feb 2026, Tech Mahindra Ltd. opened sharply lower with a gap down of 3.03%, setting the tone for a challenging trading session. The stock’s intraday low of Rs 1,463.8 marked a 4.72% decline from its previous close, underscoring the intensity of the price pressure. By the end of the day, the stock recorded a day change of -3.67%, underperforming the benchmark Sensex, which declined by 1.00% to close at 82,838.15 points.
This marks the third consecutive day of losses for Tech Mahindra, with the stock falling a cumulative 9.22% over this period. The sustained downward trend has pushed the share price below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a broad-based weakness in the stock’s technical positioning.
Sectoral and Market Context
The Computers - Software & Consulting sector, to which Tech Mahindra belongs, also faced significant headwinds, with the IT - Software segment declining by 4.41% on the day. Despite this sectoral weakness, Tech Mahindra marginally outperformed its peers by 1.78%, indicating relative resilience within a broadly negative environment.
Meanwhile, the broader market reflected cautious sentiment. The Sensex opened 772.19 points lower and remains 4.01% below its 52-week high of 86,159.02. The index is trading below its 50-day moving average, although the 50DMA itself remains above the 200DMA, suggesting mixed technical signals for the market at large.
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Technical Indicators and Trend Analysis
Tech Mahindra’s current trading below all major moving averages highlights a weakening trend. The 5-day and 20-day moving averages, which often indicate short-term momentum, have been breached decisively. Similarly, the 50-day, 100-day, and 200-day averages, which reflect medium to long-term trends, also remain above the current price, reinforcing the downward pressure.
Such technical positioning often signals caution among traders and investors, as the stock’s momentum appears to be deteriorating. The gap down opening further emphasises the immediate selling interest, which was not fully absorbed during the trading session.
Comparative Performance Over Time
Looking beyond the intraday movement, Tech Mahindra’s recent performance relative to the Sensex reveals a pattern of underperformance. Over the past week, the stock has declined by 8.56%, compared to the Sensex’s 0.89% fall. Similarly, the one-month return for Tech Mahindra stands at -8.21%, while the Sensex has dropped by 0.94% in the same period.
Year-to-date, Tech Mahindra has recorded a negative return of 6.97%, which is more pronounced than the Sensex’s decline of 2.80%. Over the longer term, the stock’s 1-year return is -11.77%, contrasting with the Sensex’s positive 8.80% gain. However, over three and five years, Tech Mahindra has delivered 47.64% and 49.41% returns respectively, though these lag behind the Sensex’s 37.08% and 60.71% gains over the same periods. The 10-year performance remains robust at 244.11%, slightly below the Sensex’s 260.38%.
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Mojo Score and Market Capitalisation Insights
Tech Mahindra currently holds a Mojo Score of 71.0, reflecting a Buy grade as of 11 Feb 2026, an upgrade from its previous Hold rating. This score indicates a positive assessment of the stock’s overall quality and potential, despite the recent price weakness. The company’s market capitalisation grade is rated at 1, suggesting a relatively smaller market cap within its peer group.
While the Mojo Grade upgrade signals improved fundamentals or outlook, the immediate price action remains subdued, influenced by broader market and sectoral pressures.
Market Sentiment and Immediate Pressures
The broader market environment has been challenging, with the Sensex retreating from recent highs and the IT sector under pressure. The negative opening and intraday lows for Tech Mahindra reflect cautious sentiment among market participants. The stock’s underperformance relative to the Sensex and sector peers suggests that investors are factoring in near-term uncertainties or profit-taking.
Additionally, the stock’s technical breakdown below key moving averages may have triggered algorithmic selling or stop-loss orders, further exacerbating the decline. The gap down opening also indicates that overnight or early session news flow or sentiment shifts contributed to the initial selling pressure.
Summary of Today’s Trading Session
In summary, Tech Mahindra Ltd. faced significant intraday selling pressure on 13 Feb 2026, touching a low of Rs 1,463.8, down 4.72% from the previous close. The stock’s decline was sharper than the broader market and sector indices, reflecting a combination of technical weakness and cautious market sentiment. Despite a Mojo Grade upgrade earlier this month, the immediate price action remains subdued amid a challenging market backdrop.
Investors and market watchers will likely continue to monitor the stock’s ability to stabilise above key technical levels and respond to broader sectoral and market developments in the coming sessions.
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