Friday, 24 August 2018

HEXAWARE TECHNOLOGIES Plunges by 9%; BSE IT Index Down 0.1%

HEXAWARE TECHNOLOGIES share price has plunged 9% and is presently trading at Rs 453.
Meanwhile, the BSE IT Index is at 15,127 (down 0.1%).
Among the top losers in the BSE IT Index today is HEXAWARE TECHNOLOGIES (down 9.0%).
ORACLE FINANCIAL SERVICES (up 0.9%) and TECH MAHINDRA (up 0.7%) are among the top gainers today.
Over the last one year, HEXAWARE TECHNOLOGIES has moved up from Rs 269 to Rs 453, registering a gain of Rs 184 (up 68.5%)..
The BSE IT has moved up from 9,953 to 15,127, registering a gain of 5,174 points (up 52.0%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 174.9%), KPIT TECHNOLOGIES (up 164.0%) and L&T INFOTECH LTD (up 154.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,367 (up 0.1%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 0.9%), ADANI PORTS & SEZ (up 0.8%) and AXIS BANK (up 0.8%). Other gainers include KOTAK MAH. BANK (up 0.5%) and WIPRO (up 0.5%). The most traded stocks in the BSE Sensex are KOTAK MAH. BANK and L&T.
In the meantime, NSE Nifty is at 11,575 (down 0.1%). AXIS BANK (up 1.1%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,568 to 38,367, registering a gain of 6,799 points (up 21.5%).

HEXAWARE TECHNOLOGIES Financial Update...

HEXAWARE TECHNOLOGIES net profit stood at Rs 2 billion for the quarter ended June 2018, compared to a profit of Rs 1 billion a year ago. Net Sales rose 13.1% to Rs 11.4 billion during the period as against Rs 10.0 billion in April-June 2017.
For the year ended December 2016, HEXAWARE TECHNOLOGIES reported 6.1% increase in net profit to Rs 4.2 billion compared to net profit of Rs 3.9 billion during FY15.
Revenue of the company grew 13.2% to Rs 35 billion during FY16.
The current Price to earnings ratio of HEXAWARE TECHNOLOGIES, based on rolling 12 month earnings, stands at 24.8x.
This article was originally published in English at www.equitymaster.com
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