Hexaware shrugs off dismal Q4 numbers

Hexaware shrugs off dismal Q4 numbers

Hexaware Technologies surged 8.41% to Rs 78 at 13:10 IST on BSE, despite reporting net loss of Rs 72.92 crore in Q4 December 2007 as compared to net profit of Rs 16.94 crore in Q3 September 2007.

The results were announced during trading hours today, 21 February 2008.

Meanwhile, BSE Sensex was down 40.67 points or 0.23% to 17,576.93.

On BSE, 28.01 lakh shares were traded in the counter. The scrip had an average daily volume of 3.72 lakh shares in the past one quarter.

The stock hit a high of Rs 82.50 and low of Rs 73 so far during the day. The stock had a 52-week high of Rs 186 on 17 April 2007 and a 52-week low of Rs 55.10 on 22 January 2008.

The small-cap scrip had outperformed the market over the past one month till 20 February 2008, gaining 9.43% compared to the Sensex’s return of 5.31%. It had underperformed the market in the past one quarter, declining 18.88% compared to Sensex’s decline of 4.91%.

The company’s current equity is Rs 28.72 crore. Face value per share is Rs 2.

The current price of Rs 78 discounts its Q3 September 2007 annualized EPS of Rs 4.72, by a PE multiple of 16.53.

Hexaware Technologies’ total income rose 13.52% to Rs 134.3 crore in Q4 December 2007 over Q3 September 2007.

The company provides information technology (IT) services.