Trade in Hexaware Tech, Polaris after results: Sukhani

Trade in Hexaware Tech  and Polaris after results, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Hexaware Tech is bottoming out. It had been suggested as a buy after a long time some days ago also and the same for Polaris. We had these big moves in Polaris, but that is something that is unavoidable, because midcap IT suddenly took off. If somebody has the courage then takes the trade after results, not before.”

On Jan 21, Hexaware Technologies closed at Rs 90.45, up Rs 1.45, or 1.63%. It has touched an intraday high of Rs 91.25 and an intraday low of Rs 88.25.

It trades 36.3% below its 52-week high and 12.5% above its 52-week low. Market capitalisation stands at Rs 2,682.25 crore.

                                                 

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.

Expect 6-8% upside in Hexaware, Polaris: SP Tulsian

Hexaware Technologies and Polaris Financial Technology can add 6-8%, says SP Tulsian, sptulsian.com. Hexaware is likely to come out with good numbers in the first week of February and Polaris is also expected to post better numbers.

Hexaware Technologies  and Polaris Financial Technology  can add 6-8%, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "I will remain away from the larger ones because we have already seenWipro  moving up last week by about 6-7 percent. TCS  also has come closer to a price to earnings (P/E) multiple of Rs 17-18 but I see quite a good ideas available in the midcap IT space. There are four-five stocks but I have zeroed in Hexaware and Polaris. If you see the performance of both the companies, they have been quite robust and I think considering the results now of Infosys and the expectations built on all the IT stocks, one should look for these midcap IT stocks for a relative performance."

He further added, "The gains are still seen much more on a relative performance basis. So Hexaware is likely to come out with good numbers in the first week of February and Polaris is also expected to post better numbers. So maybe an upside of about 6-8 percent can be expected on both the stocks next week."