Hexaware Tech stock falls despite jump in Q1FY19 numbers
Hexaware Technologies stock fell over 8% despite company reporting better than estimated numbers for Q2CY18 on revenue and PAT fronts.
Revenue in Indian Rupee terms grew by 8.4% qoq to Rs1,137cr against consensus estimate of Rs1,130cr. Revenue in USD terms grew by 3.8% qoq to USD168.3mn.
PAT grew by 14.4% qoq to Rs154cr as against consensus estimate of Rs145cr. Hexaware Technologies Ltd is currently trading at Rs456.60 down by Rs39.9 or 8.04% from its previous closing of Rs496.50 on the BSE.
The scrip opened at Rs472 and has touched a high and low of Rs474.90 and Rs453.10 respectively.