HEXAWARE TECHNOLOGIES Plunges by 5%; BSE IT Index Down 0.1%
June 24, 2019 10:20 AM

HEXAWARE TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 410.

Meanwhile, the BSE IT Index is at 15,958 (down 0.1%).

Among the top losers in the BSE IT Index today is HEXAWARE TECHNOLOGIES (down 5.1%).

MPHASIS (up 0.7%) and PERSISTENT SYSTEMS (up 0.7%) are among the top gainers today.

Over the last one year, HEXAWARE TECHNOLOGIES has moved down from Rs 436 to Rs 410, registering a loss of Rs 26 (down 6.0%)..

The BSE IT has moved up from 13,632 to 15,958, registering a gain of 2,326 points (up 17.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 47.5%), INTELLECT DESIGN (up 36.1%) and L&T TECHONOLOGY (up 32.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,300 (down 0.2%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,754 (down 0.2%). UPL (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,432 to 39,300, registering a gain of 3,868 points (up 10.4%).

HEXAWARE TECHNOLOGIES Financial Update...

HEXAWARE TECHNOLOGIES net profit stood at Rs 1 billion for the quarter ended March 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 2.3% to Rs 12.6 billion during the period as against Rs 12.3 billion in January-March 2018.

For the year ended December 2018, HEXAWARE TECHNOLOGIES reported 16.8% increase in net profit to Rs 5.8 billion compared to net profit of Rs 5.0 billion during FY17.

Revenue of the company grew 17.9% to Rs 46 billion during FY18.

The current Price to earnings ratio of HEXAWARE TECHNOLOGIES, based on rolling 12 month earnings, stands at 20.0x.