Buy Hexaware Technologies, target Rs 370: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Hexaware Technologies Ltd. with a target price of Rs 370. The current market price of Hexaware Technologies Ltd. is Rs 358.75. Time period given by the analyst is Intra Day when Hexaware Technologies Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 355. Hexaware Technologies Ltd., incorporated in the year 1992, is a midcap company with a market cap of Rs 10680.10 crore.

Hexaware Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 1524.11 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Dec-2017.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 1252.42 Crore, up 3.54 % from last quarter Sales of Rs 1209.62 Crore and up 24.64 % from last year same quarter Sales of Rs 1004.83 Crore Company has reported net profit after tax of Rs 123.43 Crore in latest quarter. The company’s top management includes Mr.Atul K Nishar, Mr.Basab Pradhan, Mr.Bharat Shah, Mr.Christian Oecking, Mr.Dileep Choksi, Mr.Jimmy Mahtani, Mr.Kosmas Kalliarekos, Mr.P R Chandrasekar, Mr.R Srikrishna, Mrs.Meera Shankar. Company has BSR & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 297,360,989 shares outstanding.