Hexaware Tech zooms on heavy volumes

Volumes on both the stock exchanges is over 3% of the paid-up equity capital

Shares of Hexaware Technologies are trading over 11% at Rs 160 on the National Stock Exchange amid heavy volumes.

The stock opened at Rs 144 and hit a low of Rs 142 on the NSE. A combined 9.6 million shares representing just over 3% of total equity capital were traded so far on both the exchanges.

Meanwhile, Angel Broking in a review note post its results announcement said that company expects growth momentum to continue, anchored by the improved demand pipeline, particularly in the US and Europe, driven by spurt in discretionary spending.

"We expect the company to post a USD and INR revenue CAGR of 9.0% and 11.8% over CY2013–15E, respectively," the note said.