Hexaware Technologies is trading higher by 5% at Rs 75.40 after the company said it has secured a large contract worth potentially $177 million over a five-year term.
“Hexaware has been associated with this leading United States-headquartered multi-national corporation for several years and this deal further increases its share of wallet with the client. Through this contract, the company has a potential $100 million worth incremental business while extending existing business worth another $77 million over the course of the five-year agreement,” a mid-cap IT, BPO and consulting services provider said in a filing to the stock exchanges.
The stock opened at Rs 73.55 and touched a high of Rs 75.80 on the BSE. The trading volumes on the counter jumped almost three-times. As many as 654,000 shares have changed hands so far, against an average 248,000 shares traded daily in the past two weeks.
