HCL Tech and Tech Mahindra Trading Below Technical Support Levels as of September 9, 2026
Indian IT stocks HCL Tech and Tech Mahindra fell below key moving averages and support levels on a single morning in late September 2026.
On September 9, 2026, Indian technology company HCL Tech traded at Rs 1,233.20, dropping below its third support level recorded at Rs 1,234.80. Simultaneously, competitor Tech Mahindra fell to Rs 1,512.40, breaching the Rs 1,537.95 price of its 100-day Exponential Moving Average. Earlier data showed Tech Mahindra at Rs 1,505.80 when it dipped beneath a simple moving average priced at Rs 1,507.88. Trading volume for both firms reached roughly 288,000 and 110,000 shares respectively. Market data listed HCL Tech with a price-to-earnings ratio of 19.45 and earnings per share of 64.2, while Tech Mahindra showed a valuation multiple of 29.22 against 52.4 in earnings per share. Both stocks posted daily declines ranging between -2.99% and -3.41%.
