Hexaware should be avoided currently: Sonam Udasi, IDBI Capital

In a chat with ET Now, Sonam Udasi, IDBI Capital shares his views on Hexaware.

ET Now: What are you advising clients to do in Hexaware?

Sonam Udasi: Well Hexaware actually the move is clear that the investor community is not happy with the guidance and the numbers that are being shown and going forward the company is continue to keep their word in midcaps, will get re-rated quite fast because the sector does not require any capex.

It is a cash flow business and there is a re-rating that can happen in midcap. So Hexaware is something that you should avoid currently.