Shares of Hexaware Technologies have gained over 13 per cent in the past month, considering the day’s high price of Rs 845.2 hit earlier today. At around the time of writing this copy, shares of the company were up 0.8 per cent or Rs 6.95 at Rs 839.65 apiece on the BSE.
Foreign brokerage Citi has initiated buy call on the stock with the target at Rs 980, implying 18 per cent gains from the previous close. Citi sees good growth prospects together with a stable margin outlook, strong cash generation, and finds the current valuation of Hexaware Technologies’ attractive.
Motilal Oswal initiated coverage on the stock with buy
In late May, domestic brokerage Motila Oswal Financial Services (MOFSL) has initated a buy call on the counter with the target pegged at Rs 950 per share. The brokerage anticipates a CAGR of around 12.2 per cent in USD revenue for the company over CY24-26E, outperforming the Tier-1 average of 4.1 per cent and in-line with tier-2 average of 12.6 per cent. Additionally, its EBIT margin is set to improve steadily from 14.6 per cent in CY25E to 15.3 per cent in CY27E, supported by operating leverage and offshore expansion.
Hexaware Technologies Q4FY25 results
Net profit of the company jumped 17.02 per cent year-on-year in the March quarter. Profit during the quarter surged to Rs 327.2 crore as against Rs 279.6 crore in the same quarter of the previous year. Sales also rose 16.7 per cent to Rs 3207.90 crore in the quarter ended March 2025 as against Rs 2748.80 crore during the corresponding quarter of the previous year.
