Hexaware soars on rise in net profit

Hexaware Technologies shares increased 7.36 per cent to close the day at Rs 31.35 on an announcement of a eight-fold increase in its consolidated net profit to Rs 58.98 crore over the corresponding period a year ago. Consolidated income rose to Rs 1,151.91 crore in the latest financial year (CY08) from Rs 1,030.80 crore a year ago.

In the fourth quarter of CY08, the net profit grew to Rs 17.10 crore compared to a net loss of Rs 81 crore, over the corresponding period. The stock made an intraday high of Rs 33.65 and a low of Rs 28.25 with trading volumes of 83.82 lakh shares.