Buy Hexaware Technologies, target Rs 400: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Hexaware Technologies with a target price of Rs 400. The current market price of Hexaware Technologies is Rs 379.85. Time period given by analyst is Intra Day when Hexaware Technologies price can reach defined target. Kunal Bothra recommended to keep the stop loss at Rs 370. Hexaware Technologies , incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 11320.02 crore) operating in Information Technology sector.

Hexaware Technologies key Products/Revenue Segments include Software Development Charges which contributed Rs 1794.02 crore to Sales Value (100.00 per cent of Total Sales)for the year ending 31-Dec-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 1264.02 crore, up 0.93 per cent from last quarter Sales of Rs 1252.42 crore and up 20.50 per cent from last year same quarter Sales of Rs 1048.99 crore Company has reported net profit after tax of Rs 138.42 crore in latest quarter. The company’s top management includes Mr.Atul K Nishar, Mr.Bharat Shah, Mr.Christian Oecking, Mr.Dileep Choksi, Mr.Jimmy Mahtani, Mr.Kosmas Kalliarekos, Mr.P R Chandrasekar, Mr.R Srikrishna and Mrs.Meera Shankar.