Top 5 stocks to buy: Hexaware, Sky Gold, Berger Paints, Mastek, Physicswallah by Sumeet Bagadia | Target price, stoploss
Hexaware Technologies secured new business.
· LiveMint Markets
The Nifty 50 chart pattern indicates increasing downside pressure, keeping the short-term structure weak, says Sumeet…
The analysis
Against that, the stock is +0.1% on the day at ₹506.25, and has returned -1.9% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Hexaware Technologies is running 3.0 points behind its peers.
With Hexaware Technologies, Berger Paints and Physicswallah all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (HEXT, BERGEPAINT, PWL), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT, Paints & Building Materials, Consumer & Retail.
In this story
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