Hexaware Technologies Faces Mixed Performance Amid Rising Investor Participation and Valuation Concerns

Hexaware Technologies, a large-cap player in the IT software industry, has shown notable activity today, March 7, 2025. The stock has experienced a decline of 1.90% in its one-day return, underperforming its sector, which saw a slight decrease of 0.45%. Since its IPO on February 14, 2025, Hexaware's stock has appreciated by 12.44% from the issue price and 8.90% from the listing price.
Despite this positive trajectory since the IPO, the stock's performance metrics indicate a mixed outlook. It is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, yet remains below its 5-day moving average. Notably, investor participation has surged, with a delivery volume of 10.11 lakh shares on March 6, reflecting an 82.66% increase compared to the five-day average.

When comparing quality with peers, Hexaware Technologies is rated below average, contrasting sharply with industry leaders like TCS and Infosys, both of which are rated excellent. In terms of valuation, Hexaware is considered risky, with a price-to-earnings ratio of 74.97, significantly higher than its peers, indicating potential concerns regarding its market positioning relative to competitors.