MARKET EYE-India's Hexaware gains on expectations of earnings recovery

Tue Feb 12, 2013 1:20pm IST

Related Topics

Stocks

   

* Shares in India's Hexaware Technologies Ltd 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.
 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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