Hexaware Technologies falls 19% after huge block deals

The stock dipped 19% to Rs 401 on the National Stock Exchange in early morning trade after a more than 10% of equity of information technology firm changed hands on the counter via block deals.

Shares of Hexaware Technologies dipped 19% to Rs 401 on the National Stock Exchange (NSE) in early morning trade after more than 10% of equity of the information technology firm changed hands on the counter via block deals. The stock has slipped 17% at Rs 415 on the BSE in intra-day trade so far.

Till 09:23 am; a combined 40.06 million equity shares representing 13.5% of total equity of Hexaware Technologies changed hands on the NSE and BSE, the exchanges data shows.

The name of the buyers and sellers were not ascertained immediately.

According to media reports,