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Hexaware Technologies is currently trading at Rs. 123.75, up by 2.70 points or 2.23 % from its previous closing of Rs. 121.05 on the BSE.
The scrip opened at Rs. 123.20 and has touched a high and low of Rs. 125.05 and Rs. 122.95 respectively. So far 260043 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 14-Sep-2012 and a 52 week low of Rs. 72.30 on 25-Jun-2013.
Last one week high and low of the scrip stood at Rs. 124.10 and Rs. 118.10 respectively. The current market cap of the company is Rs. 3700.48 crore.
The promoters holding in the company stood at 27.92 % while Institutions and Non-Institutions held 46.59 % and 18.36 % respectively.
Besides Hexaware , some other IT stocks, like Financial Technology up by 1.32%, HCL Technology up by 0.84%, Hexaware Technology up by 2.07%, Infosys up by 0.80% were trading in green on account of Rupee depreciation.
Unconvinced about the efficacy of steps unveiled last week to contain the current account deficit at 3.7 percent of gross domestic product (GDP) during the current fiscal year sharply lower than the record high 4.8 percent in the previous year, Indian rupee has fallen to a record low of 62.82/$ on Monday and looks poised for further losses.
Hexaware Technologies expects its margin to improve by 100 basis points on account of Rupee depreciation. The company, which expects 10% growth in Calendar Year (CY) 13, expects the revenue growth to be better in the second half of the year.
Escalating worries over about the current account deficit and complicating the task for policy makers looking to revive an economy that grew at its slowest in a decade in 2012/13, Indian rupee has depreciated to record low level. Depreciation of Rupee usually augurs well for technologies companies, which derive major chunk of their revenue in foreign currencies.
Meanwhile, the company’s revenue for quarter ended March 31, 2013 stood at Rs 231.83 crore, up 8.86% as compared to Rs 212.96 crore during the corresponding quarter last year. Its Net profit declined by 14.95% to Rs 70.63 crore from Rs 83.05 crore.
| Company Name | CMP |
|---|---|
| TCS | 3868.00 |
| Infosys | 1437.95 |
| HCL Tech. | 1385.55 |
| Wipro | 462.85 |
| Tech Mahindra | 1305.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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