Hexaware Technologies Ltd.

Hexaware Technologies is currently trading at Rs. 85.55, up by 0.65 points or 0.77% from its previous closing of Rs. 84.90 on the BSE.

The scrip opened at Rs. 85.25 and has touched a high and low of Rs. 85.60 and Rs. 84.70 respectively. So far 29,000 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. 72.60 on 25-Jan-2013.

Last one week high and low of the scrip stood at Rs. 87.05 and Rs. 76.90 respectively. The current market cap of the company is Rs. 2,555.00 crore.

The promoters holding in the company stood at 27.95% while Institutions and Non-Institutions held 46.94% and 17.98% respectively.

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.