Street View: Brokerages see India's Hexaware AI push offsetting automation-led revenue pressure

Hexaware Technologies

24/08/2026 05:10

** Shares of India's Hexaware Technologies HEXW.NS rise 5.21% to 561.7 rupees
** Gains come after co's investor day on Friday, where the IT services firm laid out plans to expand new AI-led offerings and sharpen its sales strategy

AI OFFERS GROWTH LEVERS, BUT VISIBILITY REMAINS MIXED
** ICICI Securities ("hold", TP:580 rupees) says new AI services and revamped sales strategy could help offset AI-led deflation of 20%-25% annually over the next four years
** Asian Markets Securities ("accumulate", TP:550 rupees)says AI offers both growth and profitability opportunities through new revenue streams and improved margins
** Emkay Global ("add", TP:600 rupees) says new AI offerings could offset AI-led revenue losses, while sales revamp and large-deal push should support growth
** Jefferies ("underperform", TP:500 rupees) says growth visibility remains limited as co's AI offerings are at an early stage and sales strategy could take time to deliver

 (Reporting by Surbhi Misra in Bengaluru)
 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))