Hexaware Technologies Shows Signs of Trend Reversal Amidst Declining Investor Participation

Hexaware Technologies, a prominent player in the IT software industry, has shown notable activity today, March 5, 2025. The stock has experienced a percentage change of 14.14% from its issue price and 10.55% from its listing price following its IPO on February 14, 2025. Despite this positive trajectory, Hexaware's performance today underperformed the sector by 0.95%, with a 1D return of 0.89 compared to the sector's 1.78.
The stock has gained after three consecutive days of decline, indicating a potential trend reversal. However, investor participation appears to be waning, as the delivery volume of 4.19 lakh shares on March 4 has decreased by 25.61% against the five-day average. In terms of liquidity, the stock remains accessible for trades sized at Rs 2.16 crore, based on 2% of the five-day average traded value.

When comparing quality with peers, Hexaware Technologies is rated below average, contrasting sharply with industry leaders like TCS and Infosys, both of which hold excellent quality ratings. Additionally, Hexaware's valuation is considered risky, with a P/E ratio of 73.99, significantly higher than its peers, which raises concerns about its market positioning relative to competitors.