Trending stocks: Hexaware Technologies shares down nearly 1%

NEW DELHI: Shares of Hexaware Technologies Ltd. traded 0.49 per cent down in Wednesday 's trade at 11:24AM (IST). Around 95340 shares changed hands on the counter.

The scrip opened at Rs 303.0 and touched an intraday high and low of Rs 303.0 and Rs 283.35 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 459.4 and a 52-week low of Rs 205.8 .

Hexaware Technologies Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 8568.11 Crore) operating in IT Software sector.


The IT firm will report its March quarter results on Wednesday

Key Financials

The company reported consolidated net sales of Rs 1528.817 crore for the quarter ended 31-Dec-2019 , up 3.2 per cent from previous quarter's Rs 1481.347 crore and up 22.07 per cent from the year-ago quarter's Rs 1252.421 crore.

The net profit after tax for the latest quarter stood at Rs 167.797 crore, 35.93 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 11.935402 per cent stake in the firm , while foreign institutional investors held 16.823298 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 13.54 and a price-to-book ratio of 92.68 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Hexaware Technologies Ltd. belongs to the IT Consulting & Software - Mid Cap industry.