Hexaware Technologies Shows Strong IPO Performance Amid Valuation Concerns and Peer Comparisons

Hexaware Technologies, a large-cap player in the IT software industry, has shown notable activity following its recent IPO, which closed on February 14, 2025. The stock has experienced a percentage change of 15.66% from its issue price and is currently trading 12.02% above its listing price. As of today, February 27, 2025, Hexaware is just 2.55% away from its 52-week high of Rs 840.55, indicating strong performance relative to its historical price levels.
In terms of trading metrics, Hexaware is performing in line with its sector, with a delivery volume of 7.64 lakh shares on February 25, reflecting a 4.42% increase compared to the five-day average. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.

However, when compared to its peers, Hexaware's quality is rated below average, contrasting sharply with industry leaders like TCS and Infosys, which are rated excellent. Additionally, Hexaware's valuation is considered risky, with a price-to-earnings ratio of 76.05, significantly higher than its competitors, indicating potential concerns regarding its market valuation relative to its earnings.