Wednesday, 25 July 2018

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.


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