Hexaware shares gained as much as 4 per cent on Monday after the mid cap
IT outsourcer termed as baseless and malicious rumours that the company
had lost one of its large clients.
Hexaware shares had fallen over 8 per cent in the last week against a 1 per cent gain on the broader BSE IT index. The stock traded 3 per cent higher at Rs. 83.20 as of 12 p.m. on the BSE.
"Hexaware categorically states that such speculation is false and mischievous. The company...has not lost any clients nor has it encountered any adverse outcomes in the recent deal pursuits. Hexaware continues to win new business and add new logos across all its major focus areas consistently," the company said in a statement to the BSE.
Hexaware is on course to meet its 18 per cent year-on-year revenue growth guidance for calendar year 2012, the company added.
The company is due to report its earnings for the three months to December 2012 on February 11, 2013.
Hexaware shares had fallen over 8 per cent in the last week against a 1 per cent gain on the broader BSE IT index. The stock traded 3 per cent higher at Rs. 83.20 as of 12 p.m. on the BSE.
"Hexaware categorically states that such speculation is false and mischievous. The company...has not lost any clients nor has it encountered any adverse outcomes in the recent deal pursuits. Hexaware continues to win new business and add new logos across all its major focus areas consistently," the company said in a statement to the BSE.
Hexaware is on course to meet its 18 per cent year-on-year revenue growth guidance for calendar year 2012, the company added.
The company is due to report its earnings for the three months to December 2012 on February 11, 2013.
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