Hexaware Technologies Faces Significant Stock Decline Amid Broader Market Challenges

Hexaware Technologies, a prominent player in the Computers - Software & Consulting industry, has experienced a significant decline today, with shares dropping by 5.33%. This underperformance is notable as it lags behind the sector by 4.62%. The stock has been on a downward trend for the past two days, accumulating a total loss of 8.92% during this period.
Intraday trading saw Hexaware reach a low of Rs 779.7, reflecting a volatility rate of 189.23%. In terms of moving averages, the stock is currently above its 100-day and 200-day averages but falls short of its 5-day, 20-day, and 50-day averages, indicating mixed short-term performance.

In the broader market context, the Sensex has also faced challenges, declining by 0.42% after a negative opening. Hexaware's performance over various time frames shows a stark contrast to the Sensex, with a 1-week decline of 9.21% compared to a slight increase of 0.10% for the index. Over the past three months, however, Hexaware has outperformed the Sensex with a gain of 10.90% versus 3.31%.