Hexaware Technologies declines on profit booking

Hexaware Technologies fell 4.06% to Rs 248 at 12:23 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 54.34 points, or 0.17% at 31,244.90. The S&P BSE Mid-Cap index was up 74.25 points, or 0.5% at 14,806.64.

On the BSE, 1.75 lakh shares were traded on the counter so far as against the average daily volume of 1.05 lakh shares in the past one quarter. The stock had hit a high of Rs 261.25 and a low of Rs 247 so far during the day. The stock had hit a 52-week high of Rs 267.50 on 6 June 2017 and hit a 52-week low of Rs 178.10 on 17 October 2016.

The stock had outperformed the market over the past one month till 6 June 2017, advancing 8.34% compared with the Sensex's 4.46% rise. The scrip had also outperformed the market over the past one quarter gaining 18.12% as against the Sensex's 7.38% rise. The scrip had also outperformed the market over the past one year advancing 20.09% as against the Sensex's 16.48% rise.

The mid-cap company has equity capital of Rs 60.47 crore. Face value per share is Rs 2.

Hexaware Technologies had rallied 10.12% in the preceding four trading sessions to settle at Rs 258.50 yesterday, 6 June 2017, from its closing of Rs 234.75 on 31 May 2017.

Hexaware Technologies' consolidated net profit fell 6.26% to Rs 113.88 crore on 2.09% increase in net sales to Rs 960.53 crore in Q1 March 2017 over Q4 December 2016.

Hexaware Technologies provides IT outsourcing services. The company focuses on banking and financial Services, healthcare and insurance, travel and transportation and manufacturing & consumer verticals in the IT outsourcing services business.

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