Hexaware drops on profit booking

Meanwhile, the BSE Sensex was down 62.50 points, or 0.31%, to 19,924.32

On BSE, 5.85 lakh shares were traded in the counter as against an average daily volume of 4.51 lakh shares in the past one quarter.

The stock hit a high of Rs 94.35 and a low of Rs 91.60 so far during the day. The stock had hit a 52-week high of Rs 142 on 14 September 2012. The stock had hit a 52-week low of Rs 78 on 23 January 2012.

The stock had outperformed the market over the past one month till 15 January 2013, rising 5% compared with the Sensex's 3.47% rise. The scrip however, underperformed the market in the past one quarter, falling 18.24% as against Sensex's 6.8% rise.

The small-cap company has an equity capital of Rs 59.31 crore. Face value per share is Rs 2.

Hexaware Technologies had gained 8.47% in three trading sessions to Rs 93.45 on 15 January 2013 from its recent low of Rs 86.15 on 10 January 2013.

Hexaware Technologies will declare its Q4 and year ended 31 December 2012 result on 11 February 2013. On a consolidated basis, Hexaware Technologies' net profit fell 5.57% to Rs 84.07 crore on 1.49% increase in net sales to Rs 507.52 crore in Q3 September 2012 over Q2 June 2012.

Hexaware is a leading global provider of IT & BPO and consulting services. The company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Logistics, Life Sciences and Healthcare. Hexaware focuses on delivering business results and leveraging technology solutions by specializing in Business Intelligence & Analytics, Enterprise Solutions, Quality Assurance and Testing Services, Remote Infrastructure Management Services and Legacy Modernization.

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