Key Events This Week
2 Feb: Stock opens at Rs.34.98, down 0.85% amid weak market
3 Feb: Upgrade to Sell rating by MarketsMOJO; price rises to Rs.35.41 (+1.23%)
4 Feb: Continued technical improvements but financial challenges persist; price at Rs.35.73 (+0.90%)
5 Feb: Quarterly results reveal deepening losses; stock falls sharply to Rs.34.27 (-4.09%)
6 Feb: Stock hits 52-week and all-time lows at Rs.31.35 (-8.52%) amid negative financial trend
2 February 2026: Weak Start Amid Broader Market Decline
Tracxn Technologies began the week at Rs.34.98, down 0.85% from the previous Friday’s close of Rs.35.28. The decline coincided with a broader market sell-off as the Sensex fell 1.03% to 35,814.09. Trading volume was modest at 8,054 shares, reflecting cautious investor sentiment. The stock’s underperformance relative to the Sensex foreshadowed the challenging week ahead.
3 February 2026: Upgrade to Sell Rating Spurs Modest Gains
On 3 February, MarketsMOJO upgraded Tracxn Technologies’ rating from Strong Sell to Sell, citing mixed technical signals despite ongoing financial difficulties. The stock responded positively, rising 1.23% to close at Rs.35.41 on increased volume of 9,053 shares. This upgrade reflected a subtle shift in market sentiment, driven by improved technical indicators such as a mildly bullish RSI, although fundamental challenges remained unresolved.
4 February 2026: Technical Improvements Offset by Persistent Financial Weakness
Tracxn Technologies continued to show mild technical strength on 4 February, with the stock gaining 0.90% to Rs.35.73. However, the company’s financial performance remained under pressure, with a flat to negative growth trajectory and a steep annualised operating profit decline of 193.22% over five years. Despite the upgrade, the stock traded well below its 52-week high of Rs.74.00, underscoring valuation concerns.
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5 February 2026: Quarterly Results Reveal Deepening Losses
The company’s Q3 FY26 results released on 5 February painted a grim picture. Net sales fell to Rs.21.04 crores, the lowest in recent periods, while operating profit swung sharply negative with a loss of Rs.1.70 crores. The operating margin dropped to -8.08%, and profit before tax less other income declined to -Rs.1.75 crores. These results marked a sharp deterioration from previous quarters, with profitability metrics worsening significantly. The stock reacted negatively, falling 4.09% to Rs.34.27 on the day.
6 February 2026: Stock Hits 52-Week and All-Time Lows Amid Negative Trend
On the final trading day of the week, Tracxn Technologies’ share price plunged to Rs.31.35, a decline of 8.52% from the previous close, marking new 52-week and all-time lows. Intraday, the stock touched Rs.30.87, down 9.92%, reflecting heightened volatility and sustained selling pressure. This decline came despite the Sensex gaining 0.10% on the day, underscoring the stock’s relative weakness. The MarketsMOJO Mojo Score deteriorated to 17.0 with a Strong Sell grade, reflecting the company’s worsening fundamentals and market sentiment.
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Daily Price Comparison: Tracxn Technologies Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.34.98 | -0.85% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.35.41 | +1.23% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.35.73 | +0.90% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.34.27 | -4.09% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.31.35 | -8.52% | 36,730.20 | +0.10% |
Key Takeaways
Significant Underperformance: Tracxn Technologies declined 11.14% over the week, sharply underperforming the Sensex’s 1.51% gain. The stock’s fall to new 52-week and all-time lows highlights persistent weakness.
Financial Deterioration: Quarterly results revealed deepening losses with net sales dropping to Rs.21.04 crores and operating margins turning sharply negative at -8.08%. Profitability metrics have worsened dramatically, with a 1086% profit decline over the past year.
Rating Downgrade and Technical Signals: Despite a brief upgrade to Sell on 3 February, the company’s Mojo Grade was downgraded to Strong Sell by 6 February, reflecting deteriorating fundamentals. Technical indicators show the stock trading below all major moving averages, signalling sustained bearish momentum.
Valuation and Risk Profile: The stock trades far below its 52-week high of Rs.74.00, with a volatile price range and a low Mojo Score of 17.0. Operating profit has contracted at an alarming annualised rate of -193.22% over five years, underscoring long-term challenges.
Liquidity and Capital Efficiency Concerns: Cash and cash equivalents are limited to Rs.1.89 crores, while ROCE stands at a low 8.67%, indicating constrained liquidity and inefficient capital utilisation.
Conclusion
Tracxn Technologies Ltd’s steep 11.14% weekly decline amid a backdrop of worsening financial performance and rating downgrades underscores the significant challenges facing the company. The stock’s fall to new lows, combined with negative operating margins and poor capital efficiency, highlights a difficult operating environment. While technical indicators briefly suggested a mild improvement, the overall outlook remains weak, with the stock continuing to underperform market benchmarks and sector peers. Investors should note the persistent operational and financial headwinds that have contributed to this sustained downtrend.
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