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Sell Hexaware, price target Rs 310: CK Narayan

CK Narayan of Chart Advise has a sell call on Hexaware Technologies Ltd. with a target price of Rs 310. The current price of Hexaware Technologies Ltd. is Rs 325.25. CK Narayan recommended to keep a stop loss at Rs 330.

Hexaware Technologies Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9597.03 Crore) operating in IT Software sector.

Hexaware Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 1794.02 Crore to Sales Value (100.00 % of Total Sales) for the year ending 31-Dec-2018.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1481.35 Crore, up 13.22 % from last quarter sales of Rs 1308.34 Crore and up 22.46 % from last year same quarter sales of Rs 1209.62 Crore. Company has reported net profit after tax of Rs 183.65 Crore in latest quarter.

Source: Economic Times