Overseas deals fail to cheer up Hexaware

DALAL STREET SPIKES

The stock, however, ended 3.7 per cent lower to close at Rs 722.60. The company announced that it has won contracts from two major global corporations based in North America.

The deals represent multi-year, open-ended corporate relationships, with significant potential to grow beyond the current contracted value, which in itself is in excess of $10 million.

The multinational selected the company for its domain functional expertise and automation expertise in testing. The project would involve environment creation and testing of PeopleSoft modules.

Techology stocks witnessed a mixed trend in Monday's trading with the BSE Tech index up 0.96 per cent to close at 1,749.17.