Hexaware Technologies share price surges 12%, up for 5th consecutive session - What's next for the stock? Experts decode
BSE moved higher.
· LiveMint Markets
Hexaware Tech share price is up 13% over the last six months, compared to a 6% fall in equity benchmark Sensex and a 10% decline in the BSE IT index.
The analysis
BSE reported movement of 6%, 12% and 13%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +6.2% on the day at ₹543.00, and has returned -0.2% over three months. It sits 32% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.2% over the same period, so Hexaware Technologies is running 1.4 points behind its peers.
For Hexaware Technologies, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is HEXT.
- Sector exposure: IT.
- The immediate tone of coverage reads negative.
In this story
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