Hexaware Technologies Shows Positive IPO Reception Amid Rising Investor Participation and Sector Trends

Hexaware Technologies, a prominent player in the IT software industry, has shown notable activity today, March 4, 2025. The stock has experienced a percentage change of 12.99% from its issue price and 9.44% from its listing price, indicating a positive reception since its IPO on February 14, 2025. Despite a slight decline of 0.87% today, Hexaware outperformed its sector, which saw a 0.52% drop, and the broader Sensex, which fell by 0.21%.
The stock's performance reflects a trend reversal, gaining after two consecutive days of decline. It is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. Notably, investor participation has risen, with a delivery volume of 6.66 lakh shares on March 3, marking a 6.62% increase compared to the five-day average.

In terms of quality, Hexaware Technologies is rated below average compared to peers like TCS and Infosys, both of which hold excellent ratings. Valuation metrics also indicate a risky profile for Hexaware, with a P/E ratio of 74.55, significantly higher than its competitors, suggesting a need for caution in comparison to the more attractively valued firms in the sector.