Why is Hexaware Tech. falling/rising?
As of 19-Nov, Hexaware Technologies Ltd is currently priced at Rs 727.05, reflecting a 3.47% increase and outperforming its sector. The company has shown strong financial performance with positive results over the last three quarters, although investor participation has declined recently.
As of 19-Nov, Hexaware Technologies Ltd is experiencing a price increase, currently at Rs 727.05, which reflects a rise of Rs 24.4 or 3.47%. The stock has outperformed its sector by 0.71% today, reaching an intraday high of Rs 735.2, marking a 4.63% increase. Over the past week, the stock has gained 4.48%, while its one-month return stands at 1.54%. The company has reported positive financial results for the last three consecutive quarters, with net sales reaching their highest at Rs 3,483.60 crore and an operating profit margin of 17.26%. Additionally, the company maintains a low debt-to-equity ratio, which is favorable for investors.In the broader market context, the IT - Software sector has gained 2.73%, indicating a positive environment for stocks within this industry. Hexaware's performance over the past week significantly outpaces the benchmark Sensex, which has only increased by 0.85% during the same period. However, it is worth noting that investor participation has declined, with delivery volume falling by 22.22% against the five-day average, which may indicate some caution among investors despite the stock's positive movement.
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