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Hexaware Tech gains after a block deal

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Capital Market

Hexaware Technologies rose 1.5% to Rs 128.70 at 11:44 IST on BSE after a block deal of 10 lakh shares was executed on BSE at Rs 127.65 per share at 9:30 IST.

The block deal constitutes 0.33% of Hexaware Technologies' equity.

Meanwhile, the S&P BSE Sensex was down 232.66 points or 1.17% at 19,687.55.

On BSE, 11.74 lakh shares were traded in the counter compared with average volume of 6.02 lakh shares in the past one quarter.

The stock hit a high of Rs 129 and a low of Rs 127.40 so far during the day. The stock hit a 52-week high of Rs 133.50 on 3 September 2013. The stock hit a 52-week low of Rs 72.30 on 25 June 2013.

 

The stock had underperformed the market over the past one month till 24 September 2013, rising 5.01% compared with the Sensex's 7.56% surge. The scrip had, however, outperformed the market in past one quarter, galloping 60.3% as against Sensex's 7.44% gain.

The mid-cap company has equity capital of Rs 59.88 crore. Face value per share is Rs 2.

Hexaware Technologies' consolidated net profit surged 23% to Rs 97.91 crore on 6% growth in income from operations to Rs 536.60 crore in Q2 June 2013 over Q1 March 2013.

Hexaware is a leading global provider of IT & BPO services and consulting. The company focuses on key domains such as banking, financial services, insurance, travel, transportation, logistics, life sciences and healthcare.

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First Published: Sep 25 2013 | 11:43 AM IST

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