Hexaware Intraday Buy Call
Technical analyst Puneet Kinra of Bonanza Portfolio has maintained 'buy' rating on Hexaware Technologies Limited stock with a target of Rs 77.
According to analyst, the investors can buy the stock with a stop loss of Rs 61.
The stock of the company, on April 11, closed at Rs 70.20 on the Bombay Stock Exchange (BSE).
Current EPS & P/E ratio stood at 3.79 and 18.51 respectively.
The share price has seen a 52-week high of Rs 71.40 and a low of Rs 34 on BSE.
Hexaware Technologies has made announcement about the opening of Hexaware HP Software Lab in Saktillo, Mexico.
The newly opened software laboratory will exhibit the potential of HP group of Software Solutions fulfilling biz requirements in performance substantiation, application safety, quality assurance, and biz service management space.
The company declared an increase of 13.57% in its standalone net profit for the three month period ended December 2010.
The standalone net profit of the company stood at Rs 326.32 million as against Rs 287.32 million during the corresponding period of 2010.
Net sales during the period grew by 7.46% to Rs 1,258.52 million, whereas total income surged 5.95% to Rs 1,334.24 million.
Hexaware Technologies registered an EPS of Rs 2.25 per share during the quarter.