India's Hexaware Technologies up; brokerages flag better margins, attractive valuation

Hexaware Technologies

08/05/2026 07:06

Widens distribution

** Hexaware Technologies HEXW.NS rises 5% to 483.75 rupees; set for third straight session of gains

** IT services provider posts higher Q1 profit; reiterates revenue growth of at least 7.6% for FY26 ending December 2026

** Kotak Institutional Equities raises full-year revenue estimates; says co delivered reasonable Q1 after sharp reset in expectations

** Says stock corrected sharply, offers reasonable risk-reward

** Emkay says margins expected to improve progressively through the year, especially in H2

** Stock trades at forward 12-month PE of 18.48 vs industry median of 19.24

** HEXW rated "buy" on avg; median PT is 530 rupees, per data compiled by LSEG

** YTD, stock down 38.1% vs Nifty IT's .NIFTYIT 22.5% fall

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))