Shares of Hexaware Technologies slumped 8.5 per cent today after the company's June quarter results failed to enthuse investors.
The stock tumbled 8.05 per cent to close at Rs 456.55 on BSE. Intra-day, it plunged 8.96 per cent to Rs 452.
On NSE, shares of the company tumbled 8.46 per cent to settle at Rs 454.10.
The company's market valuation eroded by Rs 1,185.49 crore to Rs 13,552.51 crore on BSE.
In terms of equity volume, 4.41 lakh shares of the company were traded on BSE and over 82 lakh shares changed hands on NSE during the day.
Mid-sized IT services firm Hexaware Technologies yesterday said it has posted 25.4 per cent rise in consolidated net profit to Rs 153.6 crore for the quarter ended June 30.
The company's net profit stood at Rs 122.4 crore in the same quarter last year, Hexaware said in a statement.
Its revenues increased 15.6 per cent to Rs 1,136.7 crore in the reported quarter from Rs 983.6 crore in the corresponding period last fiscal.