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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Go long in Hexaware Technologies: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Go long in Hexaware Technologies  .

Sukhani told CNBC-TV18, "Hexaware Technologies gives the sense that it is bottoming out. Midcap IT is doing well. I would be long in it if I wanted to go for midcap IT stocks. When you trade a stock like Hexaware on the long side we must be careful to keep and follow and obey our stop losses."

The company's trailing 12-month (TTM) EPS was at Rs 7.85 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 11.51. The latest book value of the company is Rs 28.97 per share. At current value, the price-to-book value of the company was 3.12. The dividend yield of the company was 4.43%.

The share touched its 52-week high Rs 142 and 52-week low Rs 80.40 on 14 September, 2012 and 24 January, 2012, respectively. Currently, it is trading 36.44% below its 52-week high and 12.25% above its 52-week low. Market capitalisation stands at Rs 2,676.32 crore.