India's Hexaware Technologies gains; Nuvama starts with 'buy'

Hexaware Technologies

21/08/2025 05:06

** Hexaware Technologies HEXW.NS rises 4.3% to 807 rupees; marks biggest intraday pct gain since May 30

** Nuvama starts with "buy"; says revenue well-positioned to outstrip industry growth

** Sets PT at 950 rupees, 22.7% upside from last close

** Expects revenue to grow at 11% CAGR, EPS at 18% CAGR over CY24–CY27

** Says strong vertical presence, diversified Fortune 500 clientele, robust cash flows position Hexaware in "sweet spot" for growth

** Stock rated "strong buy" on avg; median PT is 860 rupees, per data compiled by LSEG

** HEXW up 6% since market debut on February 19

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))