Hexaware shares fall 8 percent

Mumbai: The Hexaware Technologies stock was among the top losers after falling eight percent, on a day when the Sensex ended at a three month low. Having opened the day at 76, the stock managed to rise to 76.50 before losing steam. The stock fell to an intra-day low of 69.10 before closing at 71.45, down 8.34 percent from its previous close. Through the day, 342,133 shares of Hexaware were traded in the market with the current P/E ratio of the stock at 10.08. The 52 week stock price chart is on the left.

Hexaware is a global provider of information technology and business process outsourcing (BPO) services and consulting. The company's core expertise spans development support, integration, implementation and testing services across enterprise software systems, such as PeopleSoft, Oracle, Systems, applications and products in data processing (SAP) and Microsoft. The Company focuses on four verticals. It offers products in three categories: Consulting, IT Services and BPO including human resource (HR) outsourcing and finance and accounting outsourcing.

Out of the nine analysts following stock currently, the consensus recommendation is hold, with three analysts suggesting t that the stock will underperform. Kotak Tax Saver scheme holds the highest number of shares in the stock with 925,000 shares in its portfolio.