Hexaware gains on expectations of earnings recovery

Tue Feb 12, 2013 2:25pm IST

Related Topics

Stocks

   

Shares in Hexaware Technologies Ltd (HEXT.NS) gain 1.2 percent after Macquarie and Bank of America-Merrill Lynch upgrade their ratings on the stock, citing expectations earnings will recover this year and valuations.

Bank of America-Merrill Lynch upgrades the software services provider to "buy" from "neutral", while Macquarie upgrades its rating to "outperform" from "underperform".

Hexaware reported a 25 percent fall in October-December quarter net profit on Monday, but said sales grew 16.2 percent.

(Reporting by Manoj Dharra)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Rising Inflation

Rising Inflation

Food prices push inflation up, limit RBI's room to act.  Full Article 

New Direction

New Direction

New CEO Nadella pushes data culture at Microsoft.  Full Article 

Infosys Results

Infosys Results

Infosys says staff exodus a worry after Q4 profits beat estimates  Full Article 

Deal Talk

Deal Talk

Diageo in $1.9 billion bid to raise stake in United Spirits.  Full Article 

Reuters Poll

Reuters Poll

Domestic fund managers start to bet on own economy  Full Article 

S&P on India

S&P on India

India's policy reforms to affect sovereign ratings - S&P.  Full Article 

Toyota's Performance

Toyota's Performance

After two bumper years, Toyota braces for shift to slower growth.  Full Article 

Third Gender

Third Gender

Supreme Court recognises transgenders as third gender in landmark ruling.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage