Stock market analysts are of the view that investors can buy Hexaware Technologies Ltd stock to achieve an intraday target between Rs 98-100.

According to them, investors can buy the stock around Rs 96.50 with a strict stop loss of Rs 94.

Shares of the company, on Thursday (Dec 03), closed at Rs 96.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 97.50 and a low of Rs 18.75 on BSE.

Current EPS & P/E ratio of the stock stood at 13.60 & 7.32.

Hexaware Technologies, in Nov 2009, launched the QwikCheck bar coded boarding passes (BCBP) solution, which will help create 2-D bar coded boarding passes.

This ready to use solution can be effortlessly integrated with any subsisting departure control system (DCS) utilized by an airline business, to augment the web and mobile check in facilities provided to riders.

Hexaware Technologies posted a phenomenal growth in its consolidated net profit for the three month period ended Sep 30, 2009.

During the period, the company’s profit surged 3.59 times to Rs 413.45 million as against Rs 115.14 million during the corresponding quarter of the last year.

The company’s income from operations declined 10.68% at Rs 2,631.57 million as compared to Rs 2,946.16 million in the quarter ended Sep 2008.

The company recorded an EPS of Rs 2.88 per share.

Presently, the company has presence in 11 countries around the globe with seven subsidiaries globally. In USA, Hexaware presently has 6 major offices in Atlanta, Jamesburg, Chicago, Boston, San Jose, and Toronto.