Hexaware Technologies Experiences Significant Turnaround Amid Increased Investor Participation and Liquidity

Hexaware Technologies has shown notable activity today, marking a significant turnaround after four consecutive days of decline. The stock has outperformed its sector by 0.55%, with a 1D return of 0.71%, compared to the sector's 0.24% and the Sensex's 0.07%. Today, Hexaware reached an intraday high of Rs 819.9, reflecting a 2.39% increase.
The stock's performance is underscored by a notable rise in investor participation, with delivery volume increasing by 73.04% against the five-day average, totaling 9.08 lakh shares on March 5. Additionally, Hexaware's liquidity remains robust, with a trade size of Rs 1.88 crore based on 2% of the five-day average traded value.

In terms of quality, Hexaware is positioned below average compared to its peers in the IT software industry, which includes companies like TCS and Infosys, both rated as excellent. Furthermore, Hexaware's valuation is considered risky, with a price-to-earnings ratio of 73.98, significantly higher than its competitors, indicating a challenging market position relative to its peers.