Block deal boosts Hexaware Tech

DALAL STREET SPIKES

Hexaware Technologies rose over 5 per cent to Rs 152.65 on massive volumes of nearly 25.5 lakh shares after the counter witnessed a massive block deal of around 25 lakh shares at Rs 148 a share.

The stock has seen a very torrid February and declined by nearly 6.8 per cent in the past month. Last week's market volatility also affected the stock, leading to a nearly 6.9 per cent fall.

Recent reports suggest that Hexaware Technologies, which has emerged as the largest offshore vendor for HR-IT solutions, has been eyeing expansion.