Buy Hexaware January futures: Krish Subramanyam

Krish Subramanyam of Asit C Mehta Investment told CNBC-TV18, "Technology pack has shown some healthy rolls and Hexaware Technologies in fact has been the best of the lot. This stock has seen some very steep correction in the last three months and it has consolidated around that Rs 120 levels. But it seems to be heading upwards and probably has some catching up to do."

"We are recommending buying of Hexaware Technologies January futures of Rs 130-131 for a modest target of Rs 136. Possibly one could keep a stoploss of Rs 128," he said.

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Hexaware Technology Consolidated Sales Turnover

Hexaware Technologies has reported a consolidated sales turnover of Rs 621.05 crore and a net profit of Rs 98.72 crore for the quarter ended Sep '13. Other income for the quarter was Rs -11.95 crore.

For the quarter ended Jun 2013 the consolidated sales turnover was Rs 536.60 crore and net profit was Rs 97.91 crore, and other income Rs 6.26 crore. Hexaware Tech shares closed at 130.65 on November 11, 2013 (NSE) and has given 57.13% returns over the last 6 months and 17.65% over the last 12 months.

Read more at: http://www.moneycontrol.com/news/results/hexaware-tech-consolidated-sep-13-sales-at-rs-62105-crore_987759.html?utm_source=ref_article